Press release
Skin Care Products Market Rises at 4.9% CAGR 2015-2021 due to High Demand for Anti-aging Products
The global skin care market is segmented on the basis of product and region. The products available in this market are face creams and body lotions. The face creams are further segmented into skin brightening cream, anti-aging cream, and sun-protection cream. The body lotions sold in this market are mass market body care lotions and premium body care lotions. Geographically, this market is segmented into North America, Asia Pacific, Europe, and Rest of the World.
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The skin care products market is expected to do exceptionally well in Europe and North America due to the growing usage of organic personal care products and a huge demand for anti-aging cosmetics. Additionally, an increasing demand for skin-glowing products amongst mid- and low-income groups is also expected to augment the overall market, especially so in Asia Pacific. The global skin care products market is also benefitting from the rising interest in grooming in regions of Africa and Middle East. On the other hand, the need for sun protection and skin hydration is driving the skin care products market in Latin America.
Research analysts stated that the Middle East and Africa skin care products market will rise at a CAGR of 8.6% between 2015 and 2021. The South Africa region will grow at an incredible pace due to the rise of the working class, increasing disposable incomes, and growing consumer awareness about skin care. Asia Pacific, which previously held a significant share in the overall market is expected to retain its dominance. The demand for skin care products in Asia Pacific will be driven by Japan and China.
Some of the important players in the global skin care products market are L'Oréal S.A., Kao Corporation, The Estee Lauder Companies Inc., Procter & Gamble, Beiersdorf AG, Unilever PLC, Colgate-Palmolive Company, Avon Products Inc., Shiseido Company, Limited, and Johnson & Johnson. The research report provides a thorough analysis of the competitive landscape of the global skin care products market and the recent technological developments therein. Furthermore, it also explains the research and development strategies, branding ideas, advertising strategies, and financial outlook of these top players for the coming few years.
Key Segments of the Global Skin Care Market
Global Skin Care Market: By Product Segment
Face cream
Skin brightening cream
Anti-aging cream
Sun protection cream
Body lotion
Mass market body care lotion
Premium body care lotion
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