Cosmetic Skin Care Market Size, Growth Trends, Revenue, Future Plans and Forecast

Cosmetic Skin Care Market size was valued at US$ 163.48 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 6.12% through 2023 to 2029, reaching nearly US$ 247.77 Bn.

Cosmetic Skin Care Market Report Overview

The market for cosmetic skin care was estimated to be worth US$163.48 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.12% to reach US $247.77 billion by 2029. The market for cosmetic skin care is primarily driven by changes in consumer lifestyle, increased disposable income, and rising personal care expenditures.

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What are Cosmetic Skin Care Market Dynamics?

With consumers spending more on high-end beauty care goods, market sellers have been urged to concentrate on increasing the availability of their premium items. For instance, LVMH launched Sephora, a specialty shop, to increase customer access to its high-end skincare products. High-end companies are also trying to grow their customer base by releasing new goods like serums and retinol creams that efficiently treat skin issues.

Companies such as L'Oréal and The Estée Lauder Companies provide anti-aging and face care products in addition to other skin care products in order to increase income and brand equity. Therefore, throughout the projected period, the market's expansion is anticipated to be propelled by the increasing prevalence and appeal of luxury cosmetic skincare brands.

Cosmetic Skin Care Market Segmentation?

The market is divided into three segments based on the type: hand and foot care, body care, and facial care. Products for facial skincare include serums, toners, exfoliators, lotions, and topical creams. The main uses of facial skin care products are as sun protection, skin-whitening, and anti-aging treatments. Growth in the market is being attributed to the aging population as well as technological developments in the face skincare product production process. Throughout the forecast period of 2023-2029, these are the main elements propelling the growth of this category in the global market.

The market is divided into categories based on the product, including moisturizers, eye creams, sun care products, shaving creams, serums, exfoliators, eye creams, and cleansing lotions. This is because both the younger and older generations are becoming more aware of anti-aging options. This is the main factor expected to fuel this segment's expansion in the global market between 2023 and 2029.

The market is divided into four segments based on the distribution channel: online sales, factory outlets, standalone retail outlets, and supermarkets. This is because people are becoming more conscious about skin care and have a rising need for reliable, easily available sources of cosmetics. Supermarkets are growing in popularity because they offer a large variety of consumer goods under one roof, a lot of parking, and convenient hours. Throughout the forecast period of 2023-2029, these are the reasons propelling the expansion of these two categories in the global market.

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Who are Cosmetic Skin Care Market Key Players?

1. L'Oreal S.A. 2. Unilever PLC 3. Procter & Gamble 4. Beiersdorf AG 5. Avon Products Inc. 6. The Estee Lauder Companies Inc. 7. Johnson & Johnson 8. Kao Corporation 9. The Body Shop International PLC. 10. Shiseido Company, Limited 11. THALGO COSMETIC GmbH 12. Natura Bissé International, S.A. 13. The Aromatherapy Company 14. ESPA International Ltd. 15. Pevonia Global 16. Éminence Organic Skin Care 17. Shiffa Dubai Skin Care Cosmetics LLC 18. Ascendis.co.za. 19. Guinot S.A. 20. SkinMedica Inc.

Table of content for the Cosmetic Skin Care Market includes:

Part 01: Executive Summary

Part 02: Scope of the Cosmetic Skin Care Market Report

Part 03: Global Cosmetic Skin Care Market Landscape

Part 04: Global Cosmetic Skin Care Market Sizing

Part 05: Global Cosmetic Skin Care Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

The Asia Pacific region claimed the market's largest share in 2022 and is expected to witness significant growth with a CAGR of 31% throughout the forecast period. The automotive transmission industry in the Asia Pacific is rapidly expanding due to factors such as affordable labor, developing economies, and the presence of numerous major vehicle manufacturing companies. Strict regulations on vehicle emissions imposed by regional governments are driving the need for a variety of automotive systems. Increased vehicle sales, particularly in countries like South Korea, India, Japan, and China, are anticipated to have a positive impact on regional market growth.

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