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Cosmetic Skin Care Market worth $281.93 billion by 2030, growing at a CAGR of 5.81% - Exclusive Report by 360iResearch

02-26-2024 08:16 AM CET | Consumer Goods & Retail

Press release from: 360iResearch

Cosmetic Skin Care Market | 360iResearch

Cosmetic Skin Care Market | 360iResearch

The "Cosmetic Skin Care Market by Product Type (Anti-acne, Anti-aging, Anti-scars Solution), Form (Aerosols, Capsules, Creams / Emulsions), Skin Preparation, Distribution, Gender - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global Cosmetic Skin Care Market to grow from USD 179.39 billion in 2022 to USD 281.93 billion by 2030, at a CAGR of 5.81%.

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Cosmetic skin care encompasses a broad range of products and practices that aim to maintain and improve the appearance of skin. Unlike medical or pharmaceutical skin care, cosmetic skin care focuses on the enhancement of skin's aesthetic appeal rather than treating clinical skin conditions. Products typically classified under cosmetic skin care include moisturizers, cleansers, exfoliators, serums, masks, and sunscreens. Heightened consumer awareness about the health benefits of skincare routines and products and rising disposable incomes among middle-class households are bolstering market growth. Furthermore, digital marketing and social media influences have become key drivers in brand promotion and consumer education. However, incidences of product recall and the presence of counterfeit cosmetic products in the market Additionally, the cosmetic skin care market faces challenges such as stringent regulations related to product formulation and claims and incidences of adverse skin reactions and allergies, which can impede the growth of the industry. However, key players are investing in novel product formulations and providing customized products to customers according to their skin type to prevent incidences of adverse reactions. Furthermore, the development of products with organic and natural ingredients, advancements in anti-aging technology, and utilization of sustainable raw materials in cosmetic skincare products can expand their growth.

The Americas region, particularly the US and Canada, is characterized by the presence of a robust cosmetic industry due to consumer awareness about the social and health benefits of physical appearance. Additionally, established key players in this region are constantly investing in novel product formulation to expand their reach. Noteworthy initiatives in the Americas include significant investments in digital skin analysis tools and AI-driven personalized skincare recommendations. The EU harbors a sophisticated cosmetic skin care market. EU consumers prioritize product effectiveness, ingredient transparency, and the environmental footprint of their purchases. There is a strong preference for products free from parabens, synthetic dyes, and fragrances. The rise in organic and natural certifications across EU countries underlines the region's dedication to sustainability. Skincare is a daily routine for many European consumers, and products offering multifunctional benefits, such as blemish balm (BB) and color corrector (CC) creams, have witnessed steady growth. In the Asia-Pacific region, cultural influences deeply impact the skincare market. China and India represent substantial markets with burgeoning middle classes and increasing awareness of skincare benefits. In China, India, Japan, and South Korea, new policies encouraging domestic brands over international players are shaping purchasing behaviors. Demand for traditional cosmetic skincare products is also gaining significance.

Market Segmentation & Coverage:

This research report categorizes the Cosmetic Skin Care Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product Type, market is studied across Anti-acne, Anti-aging, Anti-scars Solution, Dry Skin Care, Infants Skin Care, Intimate Hygiene, Sensitive Skin Care, Skin Whitening, and Warts Removal. The Anti-aging commanded largest market share of 13.62% in 2022, followed by Infants Skin Care.

Based on Form, market is studied across Aerosols, Capsules, Creams / Emulsions, Gels, Lotions/ Ointments, Powders, Sticks, and Suspensions. The Creams / Emulsions commanded largest market share of 31.28% in 2022, followed by Lotions/ Ointments.

Based on Skin Preparation, market is studied across Body and Hand, Cleansing, Depilatories, Face and Neck, Foot Powders & Sprays, Moisturizing, Night, Paste Masks, and Skin Fresheners. The Face and Neck commanded largest market share of 23.93% in 2022, followed by Body and Hand.

Based on Distribution, market is studied across Departmental Stores and Convenience Stores, Online Channels, and Pharmacies. The Departmental Stores and Convenience Stores commanded largest market share of 53.16% in 2022, followed by Pharmacies.

Based on Gender, market is studied across Men and Women. The Women commanded largest market share of 54.30% in 2022, followed by Men.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 38.41% in 2022, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Cosmetic Skin Care Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Cosmetic Skin Care Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Cosmetic Skin Care Market, highlighting leading vendors and their innovative profiles. These include A One Cosmetics Products, Amorepacific Corporation, Ascendis Health Limited, Beiersdorf AG, Bo International, CHANEL Ltd., Colgate-Palmolive Company, Coty Inc., Eminence Organic Skin Care, ESPA International by The Hut Group, Galderma S.A., Gayatri Herbals Pvt. Ltd., Himalaya Wellness Company, Honasa Consumer Ltd., JAFRA Cosmetics International, Inc., Johnson & Johnson Services, Inc., Kao Corporation, L'Oréal S.A., Natura & Co Group, NutriGlow Cosmetics Pvt Ltd., Oriflame Cosmetics AG, Plum, Procter & Gamble Company, Revlon Consumer Products LLC, Shiseido Company, Limited, Shree Cosmetics Limited, The Body Shop International Limited, The Estee Lauder Companies Inc., The Goodkind Co., Ulta Beauty, Inc, and Unilever PLC.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Cosmetic Skin Care Market, by Product Type
7. Cosmetic Skin Care Market, by Form
8. Cosmetic Skin Care Market, by Skin Preparation
9. Cosmetic Skin Care Market, by Distribution
10. Cosmetic Skin Care Market, by Gender
11. Americas Cosmetic Skin Care Market
12. Asia-Pacific Cosmetic Skin Care Market
13. Europe, Middle East & Africa Cosmetic Skin Care Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Cosmetic Skin Care Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Cosmetic Skin Care Market?
3. What is the competitive strategic window for opportunities in the Cosmetic Skin Care Market?
4. What are the technology trends and regulatory frameworks in the Cosmetic Skin Care Market?
5. What is the market share of the leading vendors in the Cosmetic Skin Care Market?
6. What modes and strategic moves are considered suitable for entering the Cosmetic Skin Care Market?

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Contact 360iResearch

Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550

About 360iResearch

360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

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