Skin Care Products Market

Global Skin Care Products Market by Products (Shaving Lotions & Creams, Body Creams & Moisturizers, Sunscreen, Face Creams & Moisturizers, Cleansers & Facewash, and Others), Gender (Male and Female), Distribution Channels (Retail Stores, E-commerce, Specialty Stores, Hypermarkets/Supermarkets, Pharmacy & Drugstore, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

  • Report ID: CG-3145
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 175
  • Format:
  • Pub. Date: Upcoming
  • Share:

The global skin care products market was estimated at USD 128.45 billion in 2020 and is projected to expand at a robust CAGR of 4.9% during the forecast period, between 2021 and 2028. Skin care refers to skin routines and practices that ensure skin clarity, health, hygiene, and appearance. Various skin care products such as face serums, moisturizers, face wash, and others are available in the market to enhance skin’s appearance and cure any underlying skin conditions such as acne, rashes, skin-peeling, and others. These products are made with various medical and organic extracts that boost the health of the skin as well as make skin look more nourishing and younger. Products such as aloe vera, retinol, vitamin C, niacinamide acid, salicylic acid, eucalyptus, neem, and others are added to the formula of skin care products, especially face serums that aid the consumers to tackle any skin conditions and maintain a hygienic and clear skin.

Skin Care Products Market key takeaways

Market Trends, Drivers, Restraints, and Opportunities

  • Growing consumers’ inclination towards natural skin care and beauty products due to rising awareness about personal hygiene is a primary driver of the market.
  • Increasing investments in R&D activities for new product development and product innovation by key players are expected to boost the market in the coming years.
  • Availability of organic-based skincare products and rising shift of consumers’ preference towards natural healthcare products are key factors driving the market growth.
  • Limited shelf life and high cost of exclusive skin care products are major challenges that can hamper the market growth during the forecast period.
  • Growing urbanization in developing countries has accelerated the adoption of skin care products for self-care and hygiene along with changing lifestyle of people are expected to offer lucrative opportunities for market expansion.

Scope of the Report

 

Attributes

Details

Report Title

Skin Care Products Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Products (Shaving Lotions & Creams, Body Creams & Moisturizers, Sunscreen, Face Creams & Moisturizers, Cleansers & Facewash, and Others), Gender (Male and Female), Distribution Channels (Retail Stores, E-commerce, Specialty Stores, Hypermarkets/Supermarkets, Pharmacy & Drugstore, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Johnson & Johnson, Inc.; L’Oreal S.A.; Shiseido Co., Ltd.; Unilever; Avon Products, Inc.; Procter & Gamble; Coty Inc.; Colgate-Palmolive Company; Beiersdorf AG; and Revlon


The report on the global skin care products market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Global Skin Care Products Market Segment Insights

Frequent application and rise in demand drive the face creams & moisturizers segment

Based on products, the skin care products market is segmented into shaving lotions & creams, body creams & moisturizers, sunscreen, face creams & moisturizers, cleansers & facewash, and others. The face creams & moisturizers segment held large market share in terms of revenue in 2020 and is projected to exhibit robust growth in the coming year owing to the high demand for face creams. Face creams and moisturizers contain various natural elements and organic ingredients that help to boost the health of the skin and keep the skin nourished and moisturized. Face moisturizers contain concentrated amounts of certain ingredients such as vitamin C, aloe vera, niacinamide, among others, which are major nutrients for skin natural growth. With the rise in pollution and pollutant content in the air, the skin can become damaged or flaky. The application of face creams keeps the skin pollutant free and dirt free, which further surges the demand for face creams and moisturizers.

Female segment to gain momentum in the coming years

On the basis of gender, the market is bifurcated into male and female. The female segment accounted for a significant market share in 2020 and is projected to expand at a robust AGR during the forecast period. The rise in the working population of women especially in developing countries and their rising disposable incomes are key factors that influence the rising spending on skincare products. Moreover, the key players have launched various skin serums and creams especially for women. Additionally, the increasing adoption of skin care and grooming products by the female population to enhance their appearance and confidence has further propelled the segment. The male segment, however, is projected to grow at a substantial rate owing to the increase in awareness about skin care among men and gradually eroding of certain taboo and stereotypes regarding the use of skin and beauty products by men.

Skin Care Products Market by gender

Variety of brands and price range has boosted the growth of the hypermarkets and supermarkets segment

Based on distribution channels, the market is categorized as retail stores, e-commerce, specialty stores, hypermarkets/supermarkets, pharmacy & drugstore, and others. The hypermarkets/supermarkets segment held a significant market share in 2020 and is expected to grow at a robust CAGR during the forecast period. Hypermarkets offer customers a large variety of skin care brands and price ranges to choose from by allowing them to decide the right product. The availability of incentive and discount offers in hypermarkets has further accelerated the growth of the segment. The wide distribution of hypermarkets in the local areas has positively impacted the segment.

Skin Care Products Market by channel

Asia Pacific market to grow at a robust CAGR during the forecast period

In terms of regions, the global skin care products market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market of Asia Pacific is projected to expand at substantial growth in the coming years owing to the rise in population and urbanization in developing countries such as India, China, and Japan. The presence of key players in the region and increasing investments by these key players in new product development are key drivers of the market in the region. The market of North America, however, is anticipated to expand at a robust rate owing to the adoption of skin care and personal grooming products by the consumers in the region, aided with the presence of various manufacturers of skin care.

Segments

By Products

  • Shaving Lotions & Creams
  • Body Creams & Moisturizers
  • Sunscreen
  • Face Creams & Moisturizers
  • Cleansers & Facewash
  • Others

By Gender

  • Male
  • Female

By Distribution Channels

  • Retail Stores
  • E-commerce
  • Specialty Stores
  • Hypermarkets/Supermarkets
  • Pharmacy & Drugstore
  • Others

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

By Key Players

  • Johnson & Johnson, Inc.
  • L’Oreal S.A.
  • Shiseido Co., Ltd.
  • Unilever
  • Avon Products, Inc.
  • Procter & Gamble
  • Coty Inc.
  • Colgate-Palmolive Company
  • Beiersdorf AG
  • Revlon

Competitive Landscape

Key players in the global skin care products market are Johnson & Johnson, Inc.; L’Oreal S.A.; Shiseido Co., Ltd.; Unilever; Avon Products, Inc.; Procter & Gamble; Coty Inc.; Colgate-Palmolive Company; Beiersdorf AG; and Revlon. These players have widely engaged in various business development strategies including mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence and expand their consumer base globally.

Skin Care Products Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Skin Care Products Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Skin Care Products Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Skin Care Products Market - Supply Chain
  4.5. Global Skin Care Products Market Forecast
     4.5.1. Skin Care Products Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Skin Care Products Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Skin Care Products Market Absolute $ Opportunity
5. Global Skin Care Products Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Skin Care Products Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Skin Care Products Demand Share Forecast, 2019-2026
6. North America Skin Care Products Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Skin Care Products Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Skin Care Products Demand Share Forecast, 2019-2026
7. Latin America Skin Care Products Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Skin Care Products Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Skin Care Products Demand Share Forecast, 2019-2026
8. Europe Skin Care Products Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Skin Care Products Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Skin Care Products Demand Share Forecast, 2019-2026
9. Asia Pacific Skin Care Products Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Skin Care Products Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Skin Care Products Demand Share Forecast, 2019-2026
10. Middle East & Africa Skin Care Products Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Skin Care Products Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Skin Care Products Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Skin Care Products Market: Market Share Analysis
  11.2. Skin Care Products Distributors and Customers
  11.3. Skin Care Products Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Johnson & Johnson, Inc.
     11.4.2. L’Oreal S.A.
     11.4.3. Shiseido Co., Ltd.
     11.4.4. Unilever
     11.4.5. Avon Products, Inc.
     11.4.6. Procter & Gamble
     11.4.7. Coty Inc.
     11.4.8. Colgate-

By Products

  • Shaving Lotions & Creams
  • Body Creams & Moisturizers
  • Sunscreen
  • Face Creams & Moisturizers
  • Cleansers & Facewash
  • Others

By Gender

  • Male
  • Female

By Distribution Channels

  • Retail Stores
  • E-commerce
  • Specialty Stores
  • Hypermarkets/Supermarkets
  • Pharmacy & Drugstore
  • Others

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

By Key Players

  • Johnson & Johnson, Inc.
  • L’Oreal S.A.
  • Shiseido Co., Ltd.
  • Unilever
  • Avon Products, Inc.
  • Procter & Gamble
  • Coty Inc.
  • Colgate-Palmolive Company
  • Beiersdorf AG
  • Revlon

Key players in the global skin care products market are Johnson & Johnson, Inc.; L’Oreal S.A.; Shiseido Co., Ltd.; Unilever; Avon Products, Inc.; Procter & Gamble; Coty Inc.; Colgate-Palmolive Company; Beiersdorf AG; and Revlon. These players have widely engaged in various business development strategies including mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence and expand their consumer base globally.

Skin Care Products Market by key players

Buy Report