Skin Care Products Market to Witness Comprehensive Growth by 2031

Transparency Market Research delivers key insights into the global skin care products market. In terms of revenue, the global skin care products market is estimated to expand at a CAGR of 5.6% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global skin care products market.

The global market for skin care products is largely affected by numerous factors, including increasing importance of skincare and frequent new product launches by key brands. Key manufacturers of skincare are focused on strong research & development to design innovative products with improved features.

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Skin Care Products Market: Key Segments

The global skin care products market has been segmented based on product, product category, skin type, pricing, end-user, distribution channel, and region. Based on product, the market has been divided into facial care, body care, bath & shower and fragrance. Scrubs & exfoliators, mask & peels, and moisturizer & creams are largely preferred product categories for skin care. However, middle class and higher income consumers are preferring lotions, face wash, and face creams as essential products to protect and nurture their skin. Rising consumer confidence in natural and organic products is anticipated to drive the demand for organic skincare products in the near future.

Based on distribution channel, the global skin care products has been classified into online and offline. Many consumers preferred offline channels to buy their products. However, high-income group and millennials are leading the way in shifting spend across online channels. eCommerce websites are increasingly being preferred by key brands for cross-border distribution of skincare products. Key brands such as Colgate-Palmolive, Johnson & Johnson, Procter & Gamble Company, etc. are already operating in the worldwide market through online channels. Rising urbanization and increasing awareness about different skin care products are boosting the market.

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Skin Care Products Market: Prominent Regions

In terms of region, the global skin care products market has been split into North America (U.S., Canada, and Rest of North America), Europe (U.K., Germany, France, and Rest of Europe), Asia Pacific (India, China, Japan, and Rest of Asia Pacific), Middle East& Africa (GCC, South Africa, Rest of Middle East & Africa), and South America (Brazil and Rest of South America). The demand for skincare products in Asia Pacific is anticipated to expand at a significant CAGR, during the forecast period owing to rising disposable income, urbanization, penetration of international brands, and expansion of hypermarket specializing in the retailing of skin care products. In terms of revenue, the skin care products market in Asia Pacific is expected to expand at a CAGR of 5.9% during the forecast period.

In terms of gender, the women segment holds a major share of the demand of skin care products, while men are also preferring skin care products, which is expected to propel both women and men segments of the market during the forecast period.

Skin Care Products Market: Key Players

Key players operating in the global skin care products market are Avon Co., Johnson & Johnson, Beiersdorfs Inc., Colgate-Palmolive, Coty Inc., Estée Lauder Companies Inc, Kao Corporation, Procter & Gamble Company, Shiseido Co. Ltd., and Unilever PLC.

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Global Skin Care Products Market: Segmentation

Skin Care Products Market, by Product
• Facial Care
o Face Wash
o Facial Scrubs
o Facial Oil, Balm, Cream & Gel
o Mud, Mask, Peel & Exfoliate
o Moisturizer & Sunscreen
o Facial Cleanser & Toners
o Serum
o Shaving Care Products
o Others
• Body Care
o Body Talc
o Body Balms, Creams & Gels
o Body Scrubs
o Body Lotion
o Hand & Body Wash
o Sanitizer
o Others
• Bath & Shower
o Body Cleanser, Gels & Wash
o Bath Salts
o Bath Soap & Bomb
o Others
• Fragrance
o Deodorant
o Body Spray/Mist & Roll On
• Perfumes

Skin Care Products Market, by Product Category
• Conventional
• Natural
• Organic

Skin Care Products Market, by Skin Type
• Oily Skin
• Dry Skin
• Sensitive Skin
• Combination Skin
• Normal Skin

Skin Care Products Market, by Pricing
• Low (Below US$ 70)
• Medium (US$ 70 - US$ 200)
• High (Above US$ 200)

Skin Care Products Market, by Age
• Below 15 Years
• 15-30 Years
• 35-50 Years
• 50-65 Years
• Above 65 Years

Skin Care Products Market, by End-user
• Male
• Female
• Kids

Skin Care Products Market, by Distribution Channel
• Online
o E-commerce Websites
o Company Owned Websites
• Offline
o Specialty Stores
o Mega Retail Stores
• Others

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