The Skin Care Products Global Market Report 2023 by The Business Research Company, provides skin care products market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
Learn More On The Skin Care Products Market:
https://www.thebusinessresearchcompany.com/report/skin-care-products-global-market-report
According to The Business Research Company’s Skin Care Products Global Market Report 2023, the market size grew from $138.9 billion in 2022 to $150.21 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The marker size of the global skin care products is expected to grow to $197.23 billion in 2027 at a CAGR of 7.0%.
The rising awareness regarding the various benefits of using personal care products is expected to propel the growth of the skin care products market going forward. Using personalcare products in daily routine helps in maintaining hygiene and helps in the prevention of catching and spreading germs and diseases.
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The skin care products market is segmented:
1) By Product Type: Anti-Aging Products, Skin Whitening Products, Sensitive Skincare Products, Anti-Acne Products, Dry Skin Care Products, Infant Skin Care Products, Other Product Types
2) By Distribution Channel: Hypermarket, Supermarket, Cosmetics stores, Online Stores, Other Distribution Channels
3) By End User: Male, Female, Kids
The emergence of artificial intelligence is a key trend gaining popularity in the skin care products market. Major companies operating in the skin care products sector are focused on launching new AI-powered products to enhance their position in the market. For instance, in January 2020, L’Oréal, a French-based manufacturer of cosmetics and personal care products, launched a 3 in 1 device, Perso, which works on an AI-powered technology home system for beauty personalization. This device is designed by L’Oréal Technology Incubator and helps to deliver on-the-spot skincare and cosmetic formulas that optimize for increasing levels of personalization. “Perso” will be used to analyze the user’s skin pattern and dispense a customized amount of lotion.
The skin care products market report table of contents includes:
1. Executive Summary
2. Skin Care Products Market Characteristics
3. Skin Care Products Market Trends And Strategies
4. Skin Care Products Market – Macro Economic Scenario
5. Skin Care Products Market Size And Growth
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26. Africa Skin Care Products Market
27. Skin Care Products Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Skin Care Products Market
29. Skin Care Products Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- L’Oréal S.A
- Beiersdorf AG
- Shiseido Co. Ltd
- Procter & Gamble
- Unilever
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