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Sensitive Skin Care Products Global Market to Exhibit a Remarkable CAGR of 9% by 2028, Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook
Sensitive Skin Care Products Market
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According to The Business Research Company's, The sensitive skin care products market size has grown strongly in recent years. It will grow from $40.75 billion in 2023 to $44.36 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to increased reported cases of allergies and skin sensitivities, advancements in dermatology, introduction and popularization of hypoallergenic products, older adults tend to have more sensitive skin and sensitive skin marketing.
The sensitive skin care products market size is expected to see strong growth in the next few years. It will grow to $62.61 billion in 2028 at a compound annual growth rate (CAGR) of 9%. The growth in the forecast period can be attributed to growth in personalized skincare, growing consumer awareness about the importance of skin health, rising consumer interest in sustainable and environmentally friendly products, social media influencers and dermatologists shaping consumer preferences, and promoting sensitive skin care products, greater use of natural, organic, and sustainably sourced ingredients. Major trends in the forecast period include barrier repair and strengthening solutions, improved clean and minimalist formulations, the integration of skincare with overall wellness and self-care routines, advancements in delivery systems, and digital skincare solutions.
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Market Drivers and Trends:
The growing prevalence of skin sensitivities and allergies is expected to propel the growth of the sensitive skin care products market going forward. Skin sensitivities and allergies refer to adverse reactions or responses that occur when the skin comes into contact with certain substances or allergens. Skin sensitivities and allergies are caused by external factors such as increasing pollution and irritant exposure, genetic predispositions, dietary factors, and the widespread use of skincare and cosmetic products that include potentially allergic or irritating components. Sensitive skin care products play a crucial role in managing skin sensitivities and allergies by providing gentle and soothing ingredients that minimize irritation and reduce the risk of adverse reactions. For instance, in September 2022, according to the UK Health Security Agency (UKHSA), a UK-based national executive agency, the percentage of Methicillin-resistant Staphylococcus aureus (MRSA) cases caused by skin and soft tissue infections increased to 33.7% in 2022 from 2021. Moreover, MRSA cases increased by 25.7% in the financial year from April 2020 to March 2021. Therefore, the growing prevalence of skin sensitivities and allergies drives the growth of the sensitive skin care products market.
Major companies operating in the sensitive skin care products market are focusing on developing innovative trihex skincare technology to enhance product efficacy and address specific skin concerns. TriHex technology is an exclusive innovation crafted to bolster the skin's inherent repair mechanisms and optimize outcomes from skin rejuvenation treatments. For instance, in October 2021, Alastin Skincare, a US-based skincare technology company, launched the sensitive skin collection featuring the Ultra calm cleansing cream, ultra-light moisturizer with TriHex technology, and Silk Shield All-Mineral Sunscreen SPF 30 with TriHex technology. It is created with ultra-calming, refreshing ingredients and is intended to treat naturally sensitive or post-cosmetic treatment skin effectively.
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Major Key Players of the Market:
Johnson & Johnson Services Inc., Procter & Gamble Company, Unilever PLC, L'Oréal S.A., Colgate-Palmolive Company, The Estée Lauder Companies Inc., Kao Corporation, Beiersdorf AG, Shiseido Co. Ltd., Avon Products Inc., Clinique Laboratories LLC, Galderma Laboratories, Amorepacific Corporation, Mary Kay Inc., Pierre Fabre SA, The Body Shop International Limited, Revlon Inc., Hain Celestial Group, Neutrogena Corporation, Tatcha LLC, Davines Group, Pevonia International LLC, La Roche-Posay, Sebapharma GmbH & Co. KG
Sensitive Skin Care Products Market 2024 Key Insights:
• The sensitive skin care products market size is expected to see strong growth in the next few years. It will grow to $62.61 billion in 2028 at a compound annual growth rate (CAGR) of 9%.
• Skin Sensitivities And Allergies Propel The Growth Of The Sensitive Skin Care Products Market
• Advancements In Skincare Technologies Transforming Sensitive Skin Care Products
• Asia-Pacific was the largest region in the sensitive skin care products market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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