Sales Of Skin Lightening Product Is Projected To Grow Around 7.5% CAGR By 2031

The global market for skin lightening products reached a valuation of around US$ 10 Bn in 2021 and is slated to accelerate at a CAGR of 7.5% to top US$ 22 Bn by 2032. Demand for creams and lotions is high and is set to increase at a CAGR of 7.5% across the assessment period of 2022 to 2032.

According to Fact. MR's forecasts, markets with high CAGRs include China, Japan, India, Indonesia, Malaysia, and Thailand. Through 2031, East Asia and South Asia will likely account for about one-third of the market.

The most recent market research study examines the demand for various market segments for skin lightening products. Business leaders receiving information on skin lightening products how they can expand their market share, etc.

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Natural Skin Care Products to Offer Robust Growth Prospects

Natural skin care products are becoming increasingly popular among consumers due to their natural ingredients and lack of harsh chemicals. The global natural skin care products market is expected to witness robust growth over the forecast period, owing to the rising awareness about the benefits of using natural skin care products. The growing demand for organic and natural skin care products is also expected to drive the market growth. Moreover, increasing disposable income and changing lifestyle are also expected to fuel the demand for natural skin care products. The increasing number of health-conscious consumers is driving the demand for natural skin care products, as they are free from synthetic chemicals and offer a range of benefits such as improved hydration, reduced wrinkles, and improved complexion. Furthermore, manufacturers are introducing innovative product formulations with natural ingredients such as essential oils, plant extracts, and vitamins that offer enhanced efficacy. This is further expected to drive the market growth over the forecast period.

The rising trend of veganism is also expected to boost the demand for natural skin care products as they are free from animal-derived ingredients. Moreover, manufacturers are focusing on launching new product lines with organic ingredients that offer superior performance compared to conventional synthetic ingredients. This is likely to create lucrative opportunities for market players in the near future

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Key Market Segments Covered

• By Nature

o Conventional Skin Lightening Products
o Organic Skin Lightening Products

• By Product Type

o Creams and Lotions
o Cleansers and Toners
o Face Masks
o Scrubs
o Other Product Types

• By Sales Channel

o Skin Lightening Products Sold at Specialty Stores
o Skin Lightening Products Sold at Convenience Stores
o Skin Lightening Products Sold by Online Retailers
o Skin Lightening Products Sold through Other Sales Channels

• By Region

o North America
o Latin America
o Europe
o Japan
o APEJ
o MEA

Key Companies

• 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

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Summary of Statistics

1.3. Key Market Characteristics & Attributes

1.4. Fact.MR Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment

3.1. Risk Assessment

3.1.1. COVID-19 Crisis And Impact on Skin Lightening Products Market Demand

3.1.2. COVID-19 Crisis and Impact on Skin Lightening Products Market Prices

3.1.3. COVID-19 Impact Benchmark with Previous Crisis

3.1.3.1. Change in Skin Lightening Products Market Demand

3.1.3.2. Before And After COVID-19 Crisis (Projected)

3.1.3.3. Before And After Sub-prime Crisis - 2008 (Actual)

3.1.3.4. Change in Demand post Recovery Period (After Each Crisis)

For More Insights-https://www.globenewswire.com/news-release/2022/03/09/2400432/0/en/Low-Code-Development-Industry-is-Projected-to-Achieve-a-Global-Market-Size-of-US-187-Bn-by-2032-Currently-US-Accounts-For-the-Largest-Market-Share-in-the-World.html

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