Skin Care Products Market Destined to Reach US$ 200.0 Billion (CAGR of 4.8%) During 2023-2028 - IMARC Group

According to 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.

Skin care products are formulated mixtures of various ingredients designed to maintain skin health, improve its appearance, and alleviate skin conditions. They work by deeply cleansing, exfoliating dead skin cells, replenishing the skin's moisture barrier, and providing protection from environmental stressors. These products range from cleansers, toners, moisturizers to serums, and exfoliants, each with distinct functions and benefits. Utilized in the daily routine of individuals globally, these products cater to different skin types and concerns, including dryness, oiliness, aging signs, and sensitivity. Currently, rising consumer awareness about skin health and the importance of a proper skincare regimen is a significant factor propelling the global skincare products market.

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Global Skin Care Products Market Trends:

The global market is primarily driven by an increase in consumer consciousness about personal care and overall well-being. This awareness, combined with easy accessibility to a vast array of affordable options, is offering impetus to the market. Furthermore, numerous educational initiatives promoting skin health are acting as significant growth-inducing factors. This is coupled with a larger working population, leading to heightened economic empowerment and thus, higher investment in premium product variants.

In addition to this, growing environmental concerns are encouraging demand for eco-friendly and organic options, creating new opportunities within the market. The rising influence of social media and celebrity endorsements is also positively impacting the market. Governmental support and initiatives aimed at reducing the cost of essential products further drive the market. Moreover, the widespread availability of products across various retail channels, both online and offline, is contributing to the market.

By the IMARC Group, Some of the Top Skin Care Products Companies 2023 Operating in the Market are Given Below:

• 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

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

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

Get in Touch with Our Expert Team for Inquire or Further Information: https://www.imarcgroup.com/request?type=report&id=1353&flag=C

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

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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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.