Global Cosmetic Skin Care Market Reaches $163.48 Billion in 2022, Expected to Grow at 6.12% CAGR
Cosmetic Skin Care Market Report Overview
The global cosmetic skin care market is witnessing significant growth driven by factors such as changes in consumer lifestyles, rising disposable income, and increased spending on personal care products.
Market Dynamics:
Market vendors are focusing on enhancing the availability of premium cosmetic care products, catering to the increasing demand for luxury skincare items among consumers. Companies like LVMH and L'Oréal are expanding their product offerings and distribution channels to capitalize on this trend.
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Market Size: The global cosmetic skin care market achieved a valuation of $163.48 billion USD in 2022 and is projected to expand at a CAGR of 6.12% from 2023 to 2029, reaching nearly $247.77 billion USD.
Cosmetic Skin Care Market Report Scope and Research Methodology
The primary goal of the Cosmetic Skin Care market report is to offer a comprehensive analysis using clear and straightforward language. The study encompasses all the prominent companies and key aspects within the Cosmetic Skin Care market, evaluating various measures like volume, share, growth, and strategies. This research not only assists established businesses in refining their operational plans but also provides future entrants with strategic recommendations. MMR's research undertakes a thorough exploration of the Cosmetic Skin Care market, highlighting the foremost global companies based on metrics such as volume, share, strategies, and growth. The report further supplies strategies applicable to both existing industry participants and prospective Cosmetic Skin Care market entrants. Moreover, the global report for the Cosmetic Skin Care market presents a meticulous breakdown of regional share distribution, accompanied by an examination of growth drivers in those specific regions.
Regional Insights:
The report offers regional insights into the Cosmetic Skin Care Market, highlighting Europe's leadership in Cosmetic Skin Care research and development. With significant investments and government support, Europe is poised to play a key role in driving the growth of the Cosmetic Skin Care market. However, challenges such as technical complexities and regulatory hurdles remain significant obstacles to overcome.
Cosmetic Skin Care Market Segmentation :
The market is divided into three segments based on the type: hand and foot care, body care, and facial care. By 2029, it is anticipated that the Facial Care category would have the biggest market share, at xx%. Products for facial skincare include serums, toners, exfoliators, lotions, and topical creams. The main uses of facial skin care products are as sun protection, skin-whitening, and anti-aging treatments. Growth in the market is being attributed to the ageing population as well as technological developments in the face skincare product manufacturing process. Throughout the forecast period of 2023–2029, these are the main elements propelling the growth of this category in the global market.
The market is divided into categories based on the product, including moisturisers, eye creams, sun care products, shaving creams, serums, exfoliators, eye creams, and cleansing lotions. The Anti-aging Creams market is anticipated to expand at a compound annual growth rate (CAGR) of xxx% from 2023 to 2029. This is because both the younger and older generations are becoming more aware of anti-aging options. This is the main factor expected to fuel this segment's expansion in the global market between 2023 and 2029.
Cosmetic Skin Care Market Key Players :
1. L'Oreal S.A. 2. Unilever PLC 3. Procter & Gamble 4. Beiersdorf AG 5. Avon Products Inc. 6. The Estee Lauder Companies Inc. 7. Johnson & Johnson 8. Kao Corporation 9. The Body Shop International PLC. 10. Shiseido Company, Limited 11. THALGO COSMETIC GmbH 12. Natura Bissé International, S.A. 13. The Aromatherapy Company 14. ESPA International Ltd. 15. Pevonia Global 16. Éminence Organic Skin Care 17. Shiffa Dubai Skin Care Cosmetics LLC 18. Ascendis.co.za. 19. Guinot S.A. 20. SkinMedica Inc. 21. Laboratories IPRAD 22. Obagi Medical Products, Inc.
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Key Offerings:
- Past Market Size and Competitive Landscape (2017 to 2021)
- Past Pricing and price curve by region (2017 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments and their sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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