Skincare market to expand to $199.42 billion by 2030.
Meticulous Research® Publishes Latest Report: Skin Care Products Market by Type (Facial, Lip, Body), Product (Cream, Lotion, Powder, Moisturizer, Toner), User Group (Male, Female, Unisex), Price Category (Mass, Premium), Distribution Channel (Supermarket, Retail, Online) – Global Forecast to 2030
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Meticulous Research® projects the global skin care products market to reach $199.42 billion by 2030, with a 5.2% CAGR between 2024 and 2030. Key growth drivers include rising demand for anti-aging solutions, the growing popularity of organic skincare products, and the increasing importance of grooming and personal care among consumers.
Key Players
Major market players include L'Oréal S.A. (France), Johnson & Johnson, Inc. (U.S.), Unilever PLC (U.K.), Revlon, Inc. (U.S.), Avon Products, Inc. (U.S.), Colgate-Palmolive Company (U.S.), Shiseido Co., Ltd. (Japan), The Procter & Gamble Company (U.S.), Oriflame Holding Limited (Switzerland), Estee Lauder Companies, Inc. (U.S.), Beiersdorf AG (Germany), Coty Inc. (U.S.), Kao Corporation (Japan), Amorepacific Corporation (South Korea), and Caudalie (France).
This market is segmented by type (facial care, lip care, body care), product form (creams, lotions, powders, moisturizers, toners, exfoliators), composition (chemical vs. natural), and packaging (tube, jar, bottle). Distribution channels include supermarkets, retail stores, online platforms, and pharmacies.
Facial care is expected to dominate the market by 2024, driven by the importance of maintaining facial skin hydration and health. Creams will continue to lead the product category, as they offer hydration and promote skin elasticity.
Chemical compositions will lead the market in 2024 due to affordability and extended shelf life, though natural product alternatives are gaining popularity.
Tube packaging will remain the dominant packaging solution, thanks to its ease of use and recyclability. Supermarkets will continue to lead as the primary distribution channel, offering consumers in-person product experiences and promotional deals.
The mass-market segment will dominate the pricing category, with female consumers remaining the primary drivers of growth due to their interest in organic and natural skincare products.
Geographic Overview
North America is expected to hold the largest share of the market by 2024, followed by Europe and the Asia-Pacific region. Growth in North America will be fueled by increasing disposable incomes and consumer interest in skincare solutions.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/skin-care-products-market-5617
Key questions answered in the report-
- Which are the high-growth market segments in terms of product, type, composition, packaging type, distribution channel, price category, user group, and geography?
- What was the historical market for skin care products across the globe?
- What are the market forecasts and estimates for the period 2024–2030?
- What are the major drivers, restraints, opportunities, and challenges in the skin care products market?
- Who are the major players in the skin care products market?
- What is the competitive landscape like, and who are the market leaders in the skin care products market?
- What are the recent developments in the global skin care products market?
- What are the different strategies adopted by the major players in the global skin care products market?
- What are the geographical trends and high-growth regions/countries?
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Skin Care Products Market, Facial Care Products, Skin Products, Skin Lotions, Skin Creams, Lip Care Products, Skincare Market, Cosmetics, Cosmetic Industry, Skincare Industry, Healthacare, |