Skin Care Products Market Opportunities 2023 - Key Players, Growth to Reach US$ 200.0 Billion By 2028

The latest report by IMARC Group, titled "Skin Care Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," offers a comprehensive analysis of the industry, which comprises insights on the global skin care products market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global skin care products market size reached US$ 152.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 200.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.

Global Skin Care Products refer to a wide range of beauty products that are formulated to cleanse, moisturize, and protect the skin from damage and prevent premature aging. They function by delivering active ingredients to the skin to address specific skin concerns such as inflammations, fine lines and wrinkles, hyperpigmentation, acne, dryness. In addition to this, they play an instsrumental role in protecting the skin from various environmental stressors, such as UV radiation and pollution. Some of the most common skin care products include creams, lotions, gels, and serums customized for various skin types and needs.

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Global Skin Care Products Market Trends:

The global market is primarily driven by the increasing awareness among consumers regarding the importance of maintaining healthy skin. This can be attributed to the rising adverse effects of pollution and UV ray penetration. In line with this, the emerging trend of natural and organic products in the skin care industry is also providing an impetus to the market. Moreover, the growing geriatric population resulting in a higher adoption of anti-aging products that help reduce signs of aging such as wrinkles and fine lines is resulting in a higher product uptake. Additionally, the rising influence of social media and celebrity endorsements is also resulting in higher sales of skincare products.

Furthermore, the inflating disposable income levels of the consumes is leading to increased purchase power and hence driving investment on premium and high-end skincare products. Some of the other factors contributing to the market include the rapidly changing lifestyle and fashion trends, easy product availability across online and offline retail channels, an enhance focus on sustainable development and extensive research and development (R&D) activities.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/skin-care-products-market

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Johnson & Johnson Services, Inc.
• The Estée Lauder Companies.
• Unilever PLC/NV
• New Avon Company
• L'OREAL S.A.
• Kao Group
• Colgate-Palmolive Company
• Shiseido Co., Ltd.
• Beiersdorf AG
• The Procter & Gamble Company
• Revlon Consumer Products Corporation

Key Market Segmentation:

Breakup by Product Type:

• Face Cream
o Skin Brightening Cream
o Anti-Aging Cream
o Sun Protection Cream
• Body Lotion
o Mass Body Care
o Premium Body Care
o Others

Breakup by Ingredient:

• Chemical
• Natural

Breakup by Gender:

• Male
• Female
• Unisex

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Beauty Parlours and Salons
• Multi Branded Retail Stores
• Online
• Exclusive Retail Stores
• Others

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Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

TOC for the Report:

• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• Global Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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