Press release
Skin Lightening Products Market Share & Size Analysis, Growth, Trends, Report, 2024-2032
The global skin lightening products market size was valued at USD 9.22 billion in 2023. The market is expected to expand from USD 9.67 billion in 2024 to USD 16.42 billion by 2032, exhibiting a CAGR of 6.85% over the study period.Skin lightening products are infused with ingredients, including retinols, antioxidants, vitamin C, and others that boost the skin's brightness while enhancing the skin discoloration. The growing demand for plant-based skin illuminating products is set to flourish market expansion. In 2024, Clariant AG, a Switzerland-based specialty chemical firm, announced a joint venture agreement with Plant Advanced Technologies (PAT) to formulate patented, proprietary plant milking and target binding technologies.
The limitation or shutdown of operations of modern trade operators, such as supermarkets and cosmetic shops owing to the lockdown restrictions caused by the COVID-19 pandemic, led to a significant impact on sales of the product. Despite this, product consumption across several nations globally was aided by bulk buying of personal care products by consumers to avoid scarcity issues.
Fortune Business Insightsโข provides this information in its research report, titled "Skin Lightening Products Market".
๐๐๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/skin-lightening-products-market-110570
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐๐ง๐ญ๐ข๐จ๐ง๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ค๐ข๐ง ๐๐ข๐ ๐ก๐ญ๐๐ง๐ข๐ง๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โฃ L'Orรฉal S.A. (France)
โฃ Beiersdorf AG (Germany)
โฃ Unilever, Plc. (U.K.)
โฃ The Procter & Gamble Company (U.S.)
โฃ Shiseido Co. Ltd. (Japan)
โฃ Estee Lauder Companies, Inc. (U.S.)
โฃ Kao Corporation (Japan)
โฃ Avon Natural Products, Inc. (U.K.)
โฃ Revlon Inc. (U.S.)
โฃ Himalaya Wellness Company (India)
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง: ๐๐ค๐ข๐ง ๐๐ข๐ ๐ก๐ญ๐๐ง๐ข๐ง๐ ๐๐ซ๐จ๐๐ฎ๐๐ญ๐ฌ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐
Creams Segment Dominated Driven by Ease of Absorption
On the basis of form, the market is classified into soaps, gels, lotions, creams, and others. The creams segment accounted for the largest skin lightening products market share in 2023 on account of the ease of absorption of creams. In addition, various multiple skincare advantages, such as nourishment, hydration, and moisturization are provided by creams.
Greater Production of Cosmetics Made Using Safer Synthetics to Spur Segment Growth
In terms of formulation, the market is divided into organic & natural and synthetic. The synthetic segment led in 2023, fueled by greater production of illuminating cosmetics manufactured using safer forms of synthetics, compounds, and chemicals.
Greater Demand for Innovative Products to Expedite Women's Segment Expansion
With respect to end-user, the market is segregated into men and women. The women segment secured the largest share in 2023, spurred by greater demand among female consumers for innovative brightening products for their skin-related treatments. A National Centre for Biotechnology Information December 2020 survey for Kumasi, Ghana-based respondents reported that 56.6% of the women respondents stated the deployment of skin lightening products compared to 26.6% of the male respondents in Ghana.
Surging Adoption of Online Shopping to Propel Online Channels Segment Growth
By distribution channel, the market is categorized into specialty stores, hypermarkets & supermarkets, online channels, pharmacy stores, and others. The online channels segment is projected to witness fastest-growth during the forecast period, which can be credited to the growing adoption of online shopping for personal care goods. This factor boosts the product revenues of online retailers.
On the regional front, the market is segmented into Asia Pacific, North America, the Middle East & Africa, Europe, and South America.
๐๐ฌ๐ค ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/skin-lightening-products-market-110570
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐:
The report includes:
โฃ Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
โฃ Comprehensive insights into regional developments.
โฃ List of major industry players.
โฃ Key strategies adopted by the market players.
โฃ Recent industry developments include product launches, partnerships, mergers, and acquisitions.
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ:
Surging Trend of Intravenous (IV) Drips to Foster Market Expansion
A multitude of skin-absorbable minerals and vitamins are offered by IV drips-based skin bleaching products that cater to the replenishment, nutrition, and hydration requirements of the user's skin. In addition, newer market growth opportunities are presented by growing suggestions given by skincare experts for IV-drips-based products to offer improved skin health-benefitting solutions to users.
Despite such opportunities, the health risks owing to higher presence of mercury in products may hinder skin lightening products market growth.
๐๐ฟ๐ผ๐๐๐ฒ ๐๐ฒ๐๐ฎ๐ถ๐น๐ฒ๐ฑ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ฆ๐๐บ๐บ๐ฎ๐ฟ๐:
https://www.fortunebusinessinsights.com/skin-lightening-products-market-110570
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
Asia Pacific Led Global Market Fueled by Growing Aging Population
Asia Pacific observed the largest share of the market in 2023 on account of the rising aging population and greater demand for anti-aging property-based skin lightening products among women in South Korea, Japan, and China. The growing consumer demand for skin lightening treatments is further contributing to regional growth.
North America skin lightening products market captured the second highest share in 2023, which can be credited to consistent celebrity endorsement activities by prominent companies. This factor is bolstering the consumer demand for brightening and innovative cosmetics, impelling product sales in the U.S.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
Top Companies Emphasize Getting Approvals for Their Products to Gain a Competitive Edge
Key companies, including The Procter & Gamble Company, Unilever Plc, L'Orรฉal S.A., and others, emphasize launching newer innovative formulation-based skincare products to establish market position and boost their product portfolio. A wide range of companies are also focusing on securing approvals for their products to achieve a competitive advantage.
๐๐๐๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
Skincare Market
https://www.fortunebusinessinsights.com/skin-care-market-102544
Cosmetics Market
https://www.fortunebusinessinsights.com/cosmetics-market-102614
Makeup Market
https://www.fortunebusinessinsights.com/makeup-market-102587
๐๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ:
November 2023: Kose Corporation announced that it has secured approval for selling licorice-based new active skin lightening ingredients from the Ministry of Health, Labour and Welfare, Japan. This move is poised to boost the usage of W-glycyrrhetinic acid stearyl ester-based active ingredients in the formulation of sustainable products in Japan.
๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐จ๐:
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Email: sales@fortunebusinessinsights.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Fortune Business Insightsโข offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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