Skincare Market Size, Share, Forecast Report 2024-2032

The skincare market size was valued at USD 109.71 billion in 2023 and is projected to reach a valuation of USD 115.65 billion in 2024. The market is expected to reach USD 194.05 billion by 2032 with a CAGR of 6.68%during the forecast period. Skincare products improve the quality and health of the skin and provide nourishment. These products offer various advantages such as softening the skin and revitalizing cells, giving a fresh look. Increasing awareness of personal care among all age groups is set to drive market growth. Fortune Business Insights™ shares this information in its report titled "Skincare Market, 2024-2032."

𝐆𝐞𝐭 𝐀 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/skin-care-market-102544

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐌𝐞𝐧𝐭𝐢𝐨𝐧𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝗦𝗸𝗶𝗻𝗰𝗮𝗿𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝐑𝐞𝐩𝐨𝐫𝐭:
▶L'Oréal Professional (France)
▶ Unilever (U.K.)
▶ Procter & Gamble (U.S.)
▶ Estée Lauder Inc. (U.S.)
▶ Beiersdorf AG (Germany)
▶ Shiseido Co., Ltd. (Japan)
▶ Coty Inc. (U.S.)
▶ Natura & Co. (Brazil)
▶ Kao Corporation (Japan)
▶ Johnson & Johnson Services, Inc. (U.S.)
▶ Avon Products Inc. (U.K.)

𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻: 𝗦𝗸𝗶𝗻𝗰𝗮𝗿𝗲 𝗠𝗮𝗿𝗸𝗲𝘁
𝗖𝗿𝗲𝗮𝗺𝘀 𝗧𝗼 𝗗𝗶𝗰𝘁𝗮𝘁𝗲 𝗗𝘂𝗲 𝗧𝗼 𝗩𝗮𝗿𝗶𝗼𝘂𝘀 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀
On the basis of product, the market is segmented into creams, lotions, powders, and sprays. Creams had the largest part in the market as they are used for various applications such as moisturizing, brightening, tan removal, acne removal, oil reduction, dark circle removal, night cream, and sun protection.

𝗙𝗮𝗰𝗲 𝗦𝗲𝗴𝗺𝗲𝗻𝘁 𝘁𝗼 𝗚𝗼𝘃𝗲𝗿𝗻 𝗗𝘂𝗲 𝘁𝗼 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗶𝗻𝗴 𝗨𝘀𝗮𝗴𝗲
Based on packaging, the market is categorized into tube, jar, bottle, and others. Face segment is anticipated to dominate the market as consumers generally apply creams and powders on the face compared to other body parts. Major companies have been developing sustainable face products that are safe for the environment.

𝗙𝗲𝗺𝗮𝗹𝗲 𝗦𝗲𝗴𝗺𝗲𝗻𝘁 𝗧𝗼 𝗟𝗲𝗮𝗱 𝗗𝘂𝗲 𝗧𝗼 𝗥𝗶𝘀𝗶𝗻𝗴 𝗔𝘄𝗮𝗿𝗲𝗻𝗲𝘀𝘀 𝗥𝗲𝗴𝗮𝗿𝗱𝗶𝗻𝗴 𝗣𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗚𝗿𝗼𝗼𝗺𝗶𝗻𝗴
On the basis of gender, the market is categorized into male and female. Female hold the majority part due to rising awareness regarding grooming, skin maintenance, and willingness to look better have led to the development and launch of new products.

𝗖𝗼𝘀𝗺𝗲𝘁𝗶𝗰 𝗦𝘁𝗼𝗿𝗲𝘀 𝘁𝗼 𝗟𝗲𝗮𝗱 𝗔𝘀 𝗧𝗵𝗲𝘆 𝗦𝗽𝗲𝗰𝗶𝗮𝗹𝗶𝘇𝗲 𝗶𝗻 𝗦𝗲𝗹𝗹𝗶𝗻𝗴 𝗖𝗼𝘀𝗺𝗲𝘁𝗶𝗰 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝘀
On the basis of distribution channel, the market is categorized into cosmetic stores, supermarkets/ hypermarkets, online channels, and others. Cosmetic stores are set to lead as they are specialize in selling cosmetic products and they make cosmetic products available and facilitate the customers available with product details.

Based on geography, the market is studied in North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/skin-care-market-102544

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:
The report includes:
‣ Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
‣ Comprehensive insights into regional developments.
‣ List of major industry players.
‣ Key strategies adopted by the market players.
‣ Recent industry developments include product launches, partnerships, mergers, and acquisitions.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬:
𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗔𝘄𝗮𝗿𝗲𝗻𝗲𝘀𝘀 𝗥𝗲𝗴𝗮𝗿𝗱𝗶𝗻𝗴 𝗦𝗸𝗶𝗻 𝗡𝗼𝘂𝗿𝗶𝘀𝗵𝗺𝗲𝗻𝘁 𝘁𝗼 𝗔𝘂𝗴𝗺𝗲𝗻𝘁 𝘁𝗵𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗚𝗿𝗼𝘄𝘁𝗵
Growing awareness regarding skin nourishment is anticipated to drive skincare market growth. Rising concerns about skin nourishment owing to acne, black spots, scars, dullness, and tanning have increased the demand for skin nourishment products. Skin brightening products, toners, and scrubs are witnessing higher demand from the younger population. Products which provide solutions for wrinkles or cracked heels are gaining significant traction owing to their increasing demand from the aged population.

However, excessive usage and misuse of skincare products can cause cell damage which is expected to hamper the market growth.

𝐆𝐞𝐭 𝐚 𝐐𝐮𝐨𝐭𝐞 𝐍𝐨𝐰:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/skin-care-market-102544

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
𝗔𝘀𝗶𝗮 𝗣𝗮𝗰𝗶𝗳𝗶𝗰 𝘁𝗼 𝗚𝗼𝘃𝗲𝗿𝗻 𝗢𝘄𝗶𝗻𝗴 𝗧𝗼 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗶𝗻 𝘁𝗵𝗲 𝗟𝗲𝘃𝗲𝗹𝘀 𝗼𝗳 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗼𝗳 𝗟𝗶𝘃𝗶𝗻𝗴
Asia Pacific is expected to have largest part in the skincare market share due to increase in the levels of standard of living. Increasing levels of working population and increasing spending power of the populace is set to propel market growth. Changing lifestyls of the popualtion in countries such as China, India, Japan, and others have increased spending on well-being and personal care products.

North America is anticipated to have a considerable substantial growth in the forecast period increasing awareness regarding skin nourishment products owing to increased access to a wide range of brands.

Europe has a moderate growth due to concerns by the European male and female populations about their looks and therefore pay more attention to improving the overall quality of their skin.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:
𝗔𝘃𝗼𝗻 𝗟𝗮𝘂𝗻𝗰𝗵𝗲𝗱 𝗜𝘁𝘀 𝗩𝗲𝗴𝗮𝗻 𝗦𝗸𝗶𝗻𝗰𝗮𝗿𝗲 𝗖𝗮𝗹𝗹𝗲𝗱 '𝗙𝗮𝗿𝗺𝗥𝗫' 𝗪𝗵𝗶𝗰𝗵 𝗜𝘀 𝗠𝗮𝗱𝗲 𝗢𝗳 𝟴𝟱% 𝗖𝗹𝗲𝗮𝗻 𝗜𝗻𝗴𝗿𝗲𝗱𝗶𝗲𝗻𝘁𝘀
Manufacturers have been introducing sustainable ingredients which are organic and vegan products and eco-friendly packaging solutions to reduce their carbon footprint. In April 2021, Avon launched its vegan skincare called 'FarmRX'. The product line includes various products which are made of 85% clean ingredients that provide glowing and healthy skin to the consumers. The products also come in sustainable packaging and are made from a blend of botanicals.

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
Salon Services Market
https://www.fortunebusinessinsights.com/salon-service-market-104608

Organic Soap Market
https://www.fortunebusinessinsights.com/organic-soap-market-108859

Hair Dryer Market
https://www.fortunebusinessinsights.com/hair-dryer-market-106228

𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:
November 2022- Avon partnered with Perfect Corp. for improving the virtual makeup technology system and assist consumers in choosing suitable product types.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝘀:
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This release was published on openPR.