Skin Care Products Market Growth 2022, Future Trends and Industry Demand by 2028
Skin Care Products Market 2022
Global Skin Care Products Market Size, Trends & Growth Opportunity, By Gender (Female, Male), By Product (Face Creams & Moisturizers, Cleansers & Face Wash, Sunscreen, Body Creams & Moisturizers, Shaving Lotions & Creams, Others), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Pharmacy & Drugstore, Online, Others) By Region and Forecast till 2028.
The global Skin Care Products market was valued at USD 134700 million in 2020 which expected to reach USD 188240 million by 2028 at a CAGR 4.8% from 2020-2028.
Medical skin care products are used to improve the appearance of the skin or to treat certain skin conditions. The cosmetics industry is flourishing, and skin care is a significant component of it. People are so concerned with their appearance that they spend a lot of money on skin care products and treatments. People are becoming more technologically aware of the different new skin care products that are currently available on the market.
Impact of COVID-19 Companies are having difficulty physically seeing their channel partners and finalizing business deals due to covid 19 lockdown restrictions in several nations throughout the world. The companies’ product revenues are being impacted as a result of this. Furthermore, issues like as the closure of beauty retail establishments and cosmetic enterprises, as well as a lack of raw material supplies as a result of the tight restrictions, may significantly reduce the pace of product consumption among the global population.
Market Segmentation The Global Skin Care Products Market is segmented into Gender, Product, Distribution Channel and Growing System. By Gender such as Female, Male. Further, market is segmented into By Product such as Face Creams & Moisturizers, Cleansers & Face Wash, Sunscreen, Body Creams & Moisturizers, Shaving Lotions & Creams, Others. By Distribution Channel such as Supermarkets & Hypermarkets, Convenience Stores, Pharmacy & Drugstore, Online, Others.
Regional Analysis Global Skin Care Products Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific has the largest market share and is expected to dominate the market during the forecast period. The rising standard of life, the growing working-class population, and the growing purchasing power of the population in the region, Asia Pacific is likely to hold a substantial proportion. According to a report on FMCG issued in May 2018 by THE India Brand Equity Foundation, overall consumption expenditure in India was USD 1,595 billion in 2016, and is expected to reach around USD 3,600 billion by 2020.
Key Players Various key players are listed in this report such as L’Oreal S.A., Beiersdorf AG, Shiseido Co., Ltd., Procter & Gamble (P&G), Unilever, Johnson & Johnson, Inc., Avon Products, Inc., Coty Inc., Colgate-Palmolive Company, Revlon
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