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6 Key Takeaways on Skin Grooming Market: Size, Production, Demand and Growth Factors Analysis, 2017-2022
Fact.MR
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Skin grooming basically implies utilization of cosmetic as well as medical products for overcoming skin-related problems, such as rashes, and wrinkles. There are a variety of products available in the market promising better health of skin, which include face creams such as skin-brightening, anti-aging, and sun protection creams; and body lotions such as moisturizers.
Substantial demand is being witnessed for body lotions, sunscreens, and face creams, among consumers, with prominent e-commerce websites enabling niche product vendors to tap into the market share. Over the past few years, myriad skin grooming brands have entered into the market, with an aim to lure skin-conscious consumers, with introduction of natural products. In addition, stringent regulations have been imposed by the Environmental Protection Agency (EPA), and the Food and Drug Administration (FDA) of the U.S. pertaining to the shelf-life of skin grooming products. Skin grooming products are also required to adhere to the Soil Association standards concerning clearance for “made with organic”, and “organic” ingredients.
Increasing trend of inclination towards natural products are estimated to pave potential opportunities for growth in demand for active and natural cosmetic ingredients including amino acids, botanical extracts, and enzymes. Leading manufacturers in the global skin grooming market are focusing on robust adoption of online platforms to cater increasing demand from consumers across the globe. These manufacturers are making huge investments in research & development activities, and adopting green technological raw materials for skin care products, promising longer lasting performances, high quality, and sustainability. This further implies prevention of the environment from hazardous material, and provides consumers with highly advanced skin grooming products.
The global skin grooming market is projected to expand at an above-average CAGR during the forecast period (2017-2022), according to a recently published research by Fact.MR. The global skin grooming market is estimated to reach nearly US$ 204,000 Mn in revenues by 2022-end.
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6 Projections for the Global Skin Grooming Products Market
1. Hypermarket/supermarket will continue to be the largest distribution channel segment in the global skin grooming market.
2. Sales of skin grooming products through online distribution channel are expected to register a sluggish expansion through 2022.
3. Asia Pacific excluding Japan (APEJ) is anticipated to remain dominant in the global market for skin grooming, with sales projected to exhibit a steady CAGR through 2022.
4. Europe will continue to be the second most lucrative market for skin grooming products.
5. On the basis of product type, moisturizers are estimated to remain sought-after in the global skin grooming market.
6. Sales of sun protection creams and anti-aging creams are expected to exhibit similar CAGRs through 2022, with anti-aging creams being comparatively more lucrative than the sun protection creams.
Moisturizers to Remain Sought-after among Products in the Market
Moisturizers will remain sought-after among products in the global skin grooming market. In addition, sales of anti-aging creams and sun protection creams are expected to register similar CAGRs through 2022, anti-aging creams being more lucrative than sun protection creams.
Hypermarket/supermarket is estimated to remain the largest distribution channel for skin grooming products. Sales of skin grooming products in online distribution channel will exhibit a sluggish CAGR through 2022.
Asia Pacific excluding Japan (APEJ) will continue to be dominant in the global skin grooming market, with sales exhibiting a steady expansion through 2022. Europe will remain the second most lucrative region for growth of the market.
Competition Tracking
Key players profiled in the global market for skin grooming include Beiersdorf AG, L'Oréal S.A., Johnson & Johnson Services, Inc., Avon Products, Inc., Kao Corporation, Shiseido Co., Ltd, The Estee Lauder Companies, Inc., Unilever PLC, Colgate-Palmolive Company, and Mary Kay Inc.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Retail & Consumer Goods market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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