Skin Care Products Market Size, Share & Trends Report

Skin Care Products Market Size, Share & Trends Analysis Report, By Product (Face cream, Body Lotion), By Region (North America, Central & South America, Europe, APAC, MEA), and Segment Forecasts, 2019 - 2025

  • Published Date: Feb, 2019
  • Base Year for Estimate: 2017
  • Report ID: 978-1-68038-902-9
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 100

Industry Insights

The global skin care products market size was valued at USD 128.4 billion in 2017 and is projected to witness a CAGR of 4.5% from 2018 to 2025 on account of rapidly expanding global cosmetics industry. Escalating demand for face creams, sunscreens, and body lotions across the globe is expected to have a positive impact on the market over the forecast period. Moreover, growing e-commerce sector is anticipated to boost the market growth further. Key raw materials used in the manufacturing of high-quality face creams, body lotions, and other beauty goods include surfactants, conditioning agents, colorants, neem, xanthan gum, and fish oil.

There is a wide variety of products available on the market including sunscreens, anti-ageing creams, body lotions, and skin brightening creams. Rising awareness regarding the various benefits of using personal care products has resulted in a rise in their demand over the last few years. This has also boosted the demand for natural and organic skin care products, making it a major sector in the cosmetics and wellness industry. Organic products are derived from natural resources and are free from harmful chemicals.

U.S. skin care products market

Growing awareness regarding the adverse effects of synthetic counterparts has contributed to an increase in the demand for these products. This has prompted major manufacturers to focus more on research and development activities and formulate new products, resulting in the growth of green chemistry and the green sector. Shifting consumer preference toward natural and organic goods coupled with growing usage of environmentally safe products is also expected to fuel market development. Increased usage of sunblock, anti-tan, and anti-aging creams is another key factor augmenting industry growth.

In addition, demand for moisturizing lotions, facial wipes, hair styling gels, and creams is also expected to spur the cosmetics sector, thereby driving the global market growth. Skin care product demand, specifically in the organic segment, is expected to maintain medium market penetration due to surge in innovation. Increasing need for natural quick-fix solutions for various problems that arise from pollution and other factors is projected to have a positive impact on the market over the forecast period.

Product Insights

On the basis of product, the market has been segmented into face creams and body lotions. Face creams have been further segmented into sun protection cream, skin brightening cream, and anti-aging cream. Body lotions are sub-segmented into mass market body care lotion and premium body care lotion. Face creams segment held the largest share of the market in 2017 and is expected to continue its dominance over the forecast period. Demand for skin brightening face creams is expected to increase, which, in turn, will boost the market growth.

Global skin care products market

Moreover, these creams reduce acne scars, freckles, age spots, and discoloration, which will drive the demand further. New product launches and establishment of strategic partnerships are expected to remain a critical success factor for the industry participants in the years to come. Body lotions segment also held a significant share of the market in 2017. Body lotions do not contain chemical substances, such as ammonia, sulfur and parabens, which is expected to promote their demand over synthetically derived counterparts.

Regional Insights

Asia Pacific led the market in 2017. The overall personal care industry in this region has experienced exponential growth over the last few years and skin care is the largest category of this industry. Europe held the second-largest share of the market in 2017. Technological advancements in the region coupled with development and introduction of innovative creams and lotions is expected to have a positive impact on the region’s growth over the next few years. Rising demand for anti-aging creams on account of various factors is also expected to boost market development in the coming years.

Skin Care Products Market Share Insights

The market is highly competitive with large multinational companies dominating it. However, over the past few years, numerous smaller companies have gained share in this market on account of increasing consumer interest in natural beauty products, particularly in Europe and North America. Some of the key manufacturers in the global industry include L'Oréal S.A.; Unilever; Beiersdorf AG; Johnson and Johnson; Avon Products, Inc.; Shiseido Company, Ltd.; Revlon, Inc.; The Estée Lauder Companies, Inc.; Colgate-Palmolive Company; and Procter & Gamble Company.

Report Scope

Attribute

Details

Base year for estimation

2017

Actual estimates/Historical data

2014 - 2016

Forecast period

2018 - 2025

Market representation

Revenue in USD Million and CAGR from 2018 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country scope

U.S., U.K., Germany, China, India, Japan, Brazil, and Saudi Arabia

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global skin care products market report on the basis of product and region:

  • Product Outlook (Revenue, USD Billion, 2014 - 2025)

    • Face cream

      • Skin brightening cream

      • Anti-aging cream

      • Sun protection cream

    • Body lotion

      • Mass market body care lotion

      • Premium body care lotion

    • Others

  • Regional Outlook (Revenue, USD Billion, 2014 - 2025)

    • North America

      • U.S

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

      • Saudi Arabia

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