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Rising Disposable Income And Skincare Awareness To Bolster Growth In The Asia Pacific Region
The Asia Pacific region will dominate the global skin care products market, posting the fastest growth and boosting skin care products market revenue. The growth in this region is aided by rising consumer awareness of skincare, an increase in disposable incomes, and the popularity of Korean skincare products. Other than that, expansion in the e-commerce landscape and a trend toward natural and organic ingredients are contributing to the growth in demand. Countries like China, Japan, and South Korea are at the forefront with innovations in products and intense consciousness toward beauty and skincare rituals, making this region one of the most promising budding areas for the growth of this market.
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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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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