Press release
Skin Lightening Products Market Grow At CAGR 7% During Forecast 2021-2031
The global skin lightening products market is estimated to reach US$ 1586 Bn by 2031, as per a study by Future Market Insights. Manufacturers and brand holders identify product’s efficiency and effectiveness as exceedingly important factors to convert the product’s unique selling proposition (USP) into a bigger market share.Get | Download Sample Copy with Graphs & List of Figures:
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However, the latter being expensive, a larger consumer base is adopting topical therapies for the treatment of hyperpigmentation. Topical therapies include medically prescribed or over-the-counter drugs, including several creams, lotions, gels, serums, and other topical therapies. The rising prevalence of melasma across the globe is shifting women to opt for topical therapies for treating their skin conditions.
Key Takeaways of Skin Lightening Products Market Report
• Skin lightening product sales will continue rising, especially in the lotion and creams category
• The U.S. has emerged as a highly lucrative market, accounting for over 90% sales in North America
• The presence of some of the leading market players is pushing y-o-y growth in the U.K. at 3.3%
• The expansion of beauty industry will continue fuelling sales in Germany and France
• Japan will remain an exceedingly lucrative market, accounting for over 50% sales in East Asia
“Manufacturers are focusing on the development of high value skin lightening products due to the rising demand for better and effective value added products. Furthermore, the rising diversity of premium skin lightening products on retail shelves is further expected to contribute towards the increasing value share of skin lightening products in the near future,” says the FMI analyst
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Competitive Analysis:
Future Market Insight (FMI)’s report underlines insights into the competitive situation of the Skin Lightening Products market along with highlights of differential ways utilized by players. Some key players within the Skin Lightening Products market includes and others.
L'Oréal S.A, Beiersdorf AG, Unilever PLC, Procter & Gamble Company, Shiseido Company, Estée Lauder Companies Inc, Avon Products Inc., VLCC Health Care Limited, Lotus Herbals Private Limited, Clarins Group, Himalaya Global Holdings Limited, Kaya Limited, Kanebo Cosmetics Inc., RichFeel Hair & Beauty Pvt. Ltd., Eveline Cosmetics, Rozgé Cosmeceutical, Bio Veda Action Research Private Limited, Civant LLC, Sabinsa Corporation, and Sanora Beauty Products, among others etc. are few prominent brands operating in the market.
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By Segmentation:
Product Type
• Lotions and Creams
• Foam Skin lightening Products
• Gels Skin lightening Products
• Serum and Toner
• Scrubs
• Others
End User
• Men
• Women
Price Range
• Economic (US$ 10-50) Skin lightening Products
• Mid-range (US$ 50-200) Skin lightening Products
• Premium (US$ 200 & Above) Skin lightening Products
Nature
• Natural/Herbal Skin lightening Products
• Synthetic Skin lightening Products
• Organic Skin lightening Products
Sales Channel
• Pharmacies
• Hypermarkets/ Supermarkets
• Specialty Outlets
• Convenience Stores
• Beauty Stores
• E-Retailers
• Others
Region
• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa (MEA)
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Website: https://www.futuremarketinsights.com
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
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