Press release
Cosmetic Skin Care Market: Special Multi-utility Skin Creams Gain Prominence among Consumers
The main applications of cosmetic skin care products include stem cell protection against UV, flakiness reduction, skin rehydration, minimizing wrinkles, and increasing the viscosity of aqueous. Among these, the segment of wrinkle minimization led the cosmetic skin care market in 2015. The stem cells protection against UV segment, on the other hand, is anticipated to expand at a rapid pace due to increasing awareness regarding the harmful effects of ultraviolet rays.
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Cosmetic Skin Care Market: Snapshot
Consumer trends for cosmetic skin care products vary from region to region. While skin lightening and brightening products are in greater demand in Asia Pacific, anti-aging creams have been witnessing higher demand in Europe and North America. On the other hand, consumers in countries with dry weather, such as Brazil and Argentina, are more prone to purchasing sun protection products.
Cosmetic skin care is one of the most dynamic markets in the personal care industry and is driven by evolving consumer trends and innovations on the part of manufacturers. The opportunity in the global cosmetic skin care market stood at US$127.1 bn in 2015 and this is projected to rise to be worth just over US$200 bn by 2024, expanding at a 5.1% CAGR therein.
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