Asia Pacific Market For Skin Lightening Products Is Slated To Accelerate At A CAGR Of 7.5% To Top US$ 22 BN By 2032

The global skin lightening products market is projected to grow at a staggering 7.5% value CAGR, reaching US$ 22 Billion, following an assessment period ranging from 2022-2032. As per a newly published report on this industry by Fact.MR, a valuation of US$ 10.74 Billion has been anticipated during FY 2022.

From 2017-2021, demand for Skin Lightening Products flourished at a growth rate of 6%, concluding at US$ 10 Billion. Recent trends portray a significant increase in several customers opting for natural and organic skincare products, attributed to the shift towards a healthy lifestyle along with rising awareness about the ill effects of synthetic and chemical products.

Read Report Overview:

https://www.factmr.com/report/309/skin-lightening-products-market

Additionally, people with sensitive skin are paying more attention to the use of certain chemicals in these products, which has eventually augmented the growth of organic skincare products, in turn driving demand for organic skin-lightening products. Moreover, paraben-free product sales have surged in recent years. For instance, over the years, paraben-containing cosmetic product sales are down by nearly 7 points owing to the visible side-effects of chemicals.

Key Takeaways from the Market Study

• Based on product, creams, and lotions capture major market share.
• Online sales channel has shown significant growth in terms of revenue, with major market players now prioritizing e-Commerce platforms for the sale of their products.
• Europe is set to dominate the market in terms of production in 2021 and also through 2031.
• The market in China is expected to rise at a high single-digit CAGR through 2031.
• Due to the COVID-19 crisis, demand for skin-lightening products was hit in 2020, which saw a decline. But with the growth of online sales channels, demand is expected to bounce back.

"High R&D spending coupled with product innovation will aid market growth over the coming years," says a Fact.MR analyst.

Download Sample Copy of This Report:

https://www.factmr.com/connectus/sample?flag=S&rep_id=309

Competitive Landscape

The global market is highly fragmented with the presence of a large number of local and regional players. Market players are concentrating on product launches to broaden their market footprints.

• For instance, Gillette, in 2021, launched shaving and skincare products under the brand name PLANET KIND. The product line-up includes face washes, moisturizers, and others.
• In 2021, with a focus on individual skincare needs, Beiersdorf launched the newly formulated face care brand OWN.
• Moreover, in 2021, L'Oreal acquired a skincare brand Theyers Natural Remedies, a US-based company. Through this acquisition, L'Oreal expects to increase its customer base by integrating it into the customer product division.

Key Companies Profiled

• L'Oréal S.A.
• Procter & Gamble Co.
• Unilever plc.
• Beiersdorf AG
• Estee Lauder Co., Inc.
• Avon Products, Inc.
• Shiseido Company Limited
• E.T. Browne Drug Co., Inc.
• Kao Corporation
• Emami Ltd.
• Dabur India Ltd.
• Johnson & Johnson

Speak to Analyst:

https://www.factmr.com/connectus/sample?flag=AE&rep_id=309

Key Segments in Skin Lightening Products Industry Research

• By Nature :
o Conventional
o Organic

• By Product Type :
o Creams and Lotions
o Cleansers and Toners
o Face Masks
o Scrubs
o Other Product Types

• By Sales Channel :
o Specialty Stores
o Convenience Stores
o Online Retailers
o Other Sales Channels

• By Region :
o North America
o Latin America
o Europe
o Japan
o APEJ
o Middle East Africa

More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the global Skin Lightening Products market, presenting a historical analysis from 2017 to 2021 and forecast statistics for the period 2022-2032.

The study reveals essential insights based on Nature (Conventional Skin Lightening Products, Organic Skin Lightening Products) By Product Type (Creams and Lotions, Cleansers and Toners, Face Masks, Scrubs, Other Product Types) By Sales Channel (Specialty Stores, Convenience Stores, Online Retailers, Other Sales Channels) across five major regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).

Choose Quick and Secure PayPal Payment Mode to Get Full Access to This Report:

https://www.factmr.com/checkout/309

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we'll be an able research partner.

This release was published on openPR.