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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Skin Care Products Market Size
The global skin care products market attained USD 167.44 billion in 2023. The market is expected to grow at a CAGR of 4.2% between 2024 and 2032, to attain USD 241.92 billion by 2032.
Skin Care Products Market Outlook
- In 2024, intending to create innovative skincare, AFFOREST introduced India’s first-ever range of green coffee-based skincare products. The line-up includes four products- cleanser, hydrating expert, mineral sunscreen, and serum.
- In 2024, Eminence Organic Skin Care launched its newest range of skincare, powered by the action of charcoal and black seed extract to rejuvenate and purify the skin.
- Cleansers are a significant product category within K-beauty face care shaping the skin care market dynamics and trends. Korean drugstores can often display face cleansers in a shelf section on their own rather than shelving the products according to respective brands.
- In 2024, in a bid to grow its presence in the beauty and personal care space, BIA Brands, an FMCG-focused company, acquired the beauty brand Asa Beauty.
Skin Care Products Market Report Snapshots
Skin Care Products Market Size
Skin Care Products Market Growth
Skin Care Products Market Trends
Skin Care Products Market Share
Skin Care Products Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global skin care products market attained a value of nearly USD 167.44 billion.
The market is projected to grow at a CAGR of 4.2% between 2024 and 2032.
The major drivers of the market are the increasing expenditure on skincare, rising disposable incomes, and increasing investments in research and development (R&D) activities aimed at producing new products.
The key trends of the market include the increasing sales of skin care on e-commerce platforms, the rising utilisation of organic skincare, and the rising use of natural ingredients in skin care.
The major regions in the market are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The various types of skin care products considered in the market report are facial care and body care, among others.
The major ingredients of skin care products considered in the market report are natural and chemical.
The significant segments based on gender considered in the market report are men and women.
The various distribution channels in the market are hypermarkets/supermarkets, convenience stores, speciality stores, and online, among others.
The major players in the market are The Procter & Gamble Company, Unilever Plc, Kao Corporation, Revlon, Inc., The Estée Lauder Companies Inc., Beiersdorf AG, New Avon Company, and L'Oréal S.A., among others.
The market is expected to attain a value of USD 241.92 billion by 2032.
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