The global Cosmetic Skin Care Market accrued earnings worth approximately 50.1(USD Billion) in 2020 and is predicted to gain revenue of about 153.7 (USD Billion) by 2028, is set to record a CAGR of nearly 5.50% over the period from 2021 to 2028.
The global Cosmetic Skin Care Market accrued earnings worth approximately 50.1(USD Billion) in 2020 and is predicted to gain revenue of about 153.7 (USD Billion) by 2028, is set to record a CAGR of nearly 5.50% over the period from 2021 to 2028. The report offers assessment and analysis of the Cosmetic Skin Care Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).
Cosmetic Skin Care Market: Overview
Cosmetics are produced through mixture of various chemical ingredients extracted from either natural sources or synthetic ones. Moreover, cosmetic skin care products are utilized for either cleaning skin or protecting it. In addition to this, cosmetic skin care items are utilized for concealing blemishes on skin and improving natural features of dermis, thereby changing appearance of person. These products are utilized for reducing negative effects of sun rays on skin along with improving skin appearance through applying of banana peels and cosmetics on skin. Huge demand for facial masks, hyperpigmentation treatment, cleansers, moisturizers, exfoliates, sun screen lotions, and toners will augment market space.
Cosmetic Skin Care Market: Growth Factors
Presence of key players in cosmetics industry and innovations & breakthroughs in cosmetic skin care products will drive market trends. Growing demand for green products will steer cosmetic skin care market size. Growing beauty consciousness among youth & aging populace and trend of improving personal appearance & facial glow along with need for looking beautiful will prop up scope of cosmetic skin care industry in upcoming years. Apart from this, cosmetic skin care products are portable and hence one can easily use them while travelling or when on journey, thereby enhancing their demand among various households. Rise in advertisement & promotion of cosmetic care products on social media and web as well as print media and television & hoardings will offer new growth prospects for cosmetic skin care market.
Furthermore, humungous customer spending on premium cosmetic skin care items due to changing lifestyles and altering fashion trends will spearhead expansion of cosmetic skin care industry over forecasting timeframe. In addition to this, launching of new cosmetic skin care products possessing natural ingredients will further increase market size. Apart from this, attractive & durable packaging of cosmetic skin care products will boost their visual appeal, thereby increasing product sales as well as product penetration across globe. Rise in allocation of funds by manufacturers & vendors on product branding along with acquisition of huge shelf space in retail stores will boost industry landscape. Additionally, offering of incentives & discounts on cosmetic skin care products on festivals and auspicious occasions and New Year will accelerate market progress.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Regional Outlook
Asia Pacific Market To Register Highest CAGR Over 2021-2028
Cosmetic skin care market in Asia Pacific is anticipated to register over 50% of CAGR during forecast period. The growth of market in region over assessment timespan can be credited to massive demand for the products in Japan and China with growing urbanization and rise in working women population. In addition to this, escalating popularity of cosmetic skin care products derived from natural source In India, Japan, Singapore, Taiwan, and China will boost regional market trends.
Competitive Insights
Key players profiled in report and impacting business growth are The Estee Lauder Companies Inc., Procter & Gamble Company, L'Oreal S.A., Kao Corporation, Unilever PLC, Beiersdorf AG, Avon Products Inc., Johnson & Johnson, and The Body Shop International PLC.
The global Cosmetic Skin Care Market is segmented as follows:
By Product Type
By Distribution Channel
By Region
List of Figures
1. Market research Type
2. Market research methodology
3. Global Cosmetic Skin Care Market, 2018–2028(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Cosmetic Skin Care Market attractiveness, By Product Type
6. Global Cosmetic Skin Care Market attractiveness, By Distribution Channel
7. Global Cosmetic Skin Care Market share by Product Type ,2020 and 2028 (USD Billion)
8. Global Cosmetic Skin Care Market by Moisturizers, 2018–2028(USD Billion)
9. Global Cosmetic Skin Care Market by Cleansing Lotions, 2018–2028(USD Billion)
10. Global Cosmetic Skin Care Market by Facial Masks, 2018–2028(USD Billion)
11. Global Cosmetic Skin Care Market by Shaving Creams, 2018–2028(USD Billion)
12. Global Cosmetic Skin Care Market by Serums, 2018–2028(USD Billion)
13. Global Cosmetic Skin Care Market by Exfoliators, 2018–2028(USD Billion)
14. Global Cosmetic Skin Care Market by Anti-Ageing Creams, 2018–2028(USD Billion)
15. Global Cosmetic Skin Care Market by Toners, 2018–2028(USD Billion)
16. Global Cosmetic Skin Care Market by Eye Creams, 2018–2028(USD Billion)
17. Global Cosmetic Skin Care Market by Sun Care Products, 2018–2028(USD Billion)
18. Global Cosmetic Skin Care Market share by Distribution Channel ,2020 and 2028 (USD Billion)
19. Global Cosmetic Skin Care Market by Online Sales , 2018–2028(USD Billion)
20. Global Cosmetic Skin Care Market by Factory Outlet , 2018–2028(USD Billion)
21. Global Cosmetic Skin Care Market by Standalone Retail Outlets , 2018–2028(USD Billion)
22. Global Cosmetic Skin Care Market by Supermarkets, 2018–2028(USD Billion)
23. Global Cosmetic Skin Care Market share, by Region, 2020 and 2028
24. North America Cosmetic Skin Care Market, 2018–2028(USD Billion)
25. Europe Cosmetic Skin Care Market, 2018–2028(USD Billion)
26. Asia Pacific Cosmetic Skin Care Market, 2018–2028(USD Billion)
27. Latin America Cosmetic Skin Care Market, 2018–2028(USD Billion)
28. The Middle East and Africa Cosmetic Skin Care Market, 2018–2028(USD Billion)
List of Tables
1. Global Cosmetic Skin Care Market: snapshot
2. Drivers of the Cosmetic Skin Care Market: impact analysis
3. North America Cosmetic Skin Care Market revenue, By Product Type ,2018–2028(USD Billion)
4. North America Cosmetic Skin Care Market revenue, By Distribution Channel ,2018–2028(USD Billion)
5. The U.S. Cosmetic Skin Care Market revenue, By Product Type ,2018–2028(USD Billion)
6. The U.S. Cosmetic Skin Care Market revenue, By Distribution Channel ,2018–2028(USD Billion)
7. Rest of North America Cosmetic Skin Care Market revenue, By Product Type ,2018–2028(USD Billion)
8. Rest of North America Cosmetic Skin Care Market revenue, By Distribution Channel ,2018–2028(USD Billion)
9. Europe Cosmetic Skin Care Market revenue, By Product Type ,2018–2028(USD Billion)
10. Europe Cosmetic Skin Care Market revenue, By Distribution Channel ,2018–2028(USD Billion)
11. UK Cosmetic Skin Care Market revenue, By Product Type ,2018–2028(USD Billion)
12. UK Cosmetic Skin Care Market revenue, By Distribution Channel ,2018–2028(USD Billion)
13. France Cosmetic Skin Care Market revenue, By Product Type ,2018–2028(USD Billion)
14. France Cosmetic Skin Care Market revenue, By Distribution Channel ,2018–2028(USD Billion)
15. Germany Cosmetic Skin Care Market revenue, By Product Type ,2018–2028(USD Billion)
16. Germany Cosmetic Skin Care Market revenue, By Distribution Channel ,2018–2028(USD Billion)
17. Rest of Europe Cosmetic Skin Care Market revenue, By Product Type ,2018–2028(USD Billion)
18. Rest of Europe Cosmetic Skin Care Market revenue, By Distribution Channel ,2018–2028(USD Billion)
19. Asia Pacific Cosmetic Skin Care Market revenue, By Product Type ,2018–2028(USD Billion)
20. Asia Pacific Cosmetic Skin Care Market revenue, By Distribution Channel ,2018–2028(USD Billion)
21. China Cosmetic Skin Care Market revenue, By Product Type ,2018–2028(USD Billion)
22. China Cosmetic Skin Care Market revenue, By Distribution Channel ,2018–2028(USD Billion)
23. Japan Cosmetic Skin Care Market revenue, By Product Type ,2018–2028(USD Billion)
24. Japan Cosmetic Skin Care Market revenue, By Distribution Channel ,2018–2028(USD Billion)
25. India Cosmetic Skin Care Market revenue, By Product Type ,2018–2028(USD Billion)
26. India Cosmetic Skin Care Market revenue, By Distribution Channel ,2018–2028(USD Billion)
27. Rest of Asia Pacific Cosmetic Skin Care Market revenue, By Product Type ,2018–2028(USD Billion)
28. Rest of Asia Pacific Cosmetic Skin Care Market revenue, By Distribution Channel ,2018–2028(USD Billion)
29. Latin America Cosmetic Skin Care Market revenue, By Product Type ,2018–2028(USD Billion)
30. Latin America Cosmetic Skin Care Market revenue, By Distribution Channel ,2018–2028(USD Billion)
31. Brazil Cosmetic Skin Care Market revenue, By Product Type ,2018–2028(USD Billion)
32. Brazil Cosmetic Skin Care Market revenue, By Distribution Channel ,2018–2028(USD Billion)
33. Rest of Latin America Cosmetic Skin Care Market revenue, By Product Type ,2018–2028(USD Billion)
34. Rest of Latin America Cosmetic Skin Care Market revenue, By Distribution Channel ,2018–2028(USD Billion)
35. The Middle East and Africa Cosmetic Skin Care Market revenue, By Product Type ,2018–2028(USD Billion)
36. The Middle East and Africa Cosmetic Skin Care Market revenue, By Distribution Channel ,2018–2028(USD Billion)
37. Saudi Arabia Cosmetic Skin Care Market revenue, By Product Type ,2018–2028(USD Billion)
38. Saudi Arabia Cosmetic Skin Care Market revenue, By Distribution Channel ,2018–2028(USD Billion)
39. South Africa Cosmetic Skin Care Market revenue, By Product Type ,2018–2028(USD Billion)
40. South Africa Cosmetic Skin Care Market revenue, By Distribution Channel ,2018–2028(USD Billion)
41. Rest of the Middle East & Africa Cosmetic Skin Care Market revenue, By Product Type ,2018–2028(USD Billion)
42. Rest of the Middle East & Africa Cosmetic Skin Care Market revenue, By Distribution Channel ,2018–2028(USD Billion)
Increasing demand for cosmetics based natural active ingredients from consumers is expected to drive cosmetic skin care market growth over the forecast period. Frequent innovation and development of sun protection and effective anti-aging products will increase demand. Owing to the increased demand, a large number of international as well as local manufacturers like Mac, Loreal, Lakme, Shahnaz, Oriflame, and others have gradually extended their product range. Current economic & political scenario may provide an opportunity for international brands to increase customer touch points and also establish their footprints in potential markets. Moreover, growing trend towards healthy lifestyles and raising awareness levels regarding side-effects of using synthetic healthcare & personal care products are some of the factors expected to fuel cosmetic skin care market growth. Men’s personal care products category is predicted to witness increasing trend over the forecast timeframe.
Cosmetic products with various benefits such as those with moisturizing care, anti-aging properties, and protection from sun tan are gaining popularity in cosmetics skin care industry. Foundation creams offer several benefits such as sun protection, moisturizing, oil-free and no pore-clogging which will increase demand, mostly from women population. Consumers are paying more attention to ingredients in skin care products, and prefer natural and organic ones over those that contain ingredients or chemicals that may cause harmful side effects.
Based on product type, the cosmetic skin care market is segmented into moisturizers, cleansing lotions, facial masks, shaving creams, serums, exfoliators, anti-aging creams, toners, eye creams and sun care products. On the basis of the distribution channel, the market is segmented into online sales, standalone retail outlets, factory outlet, and supermarkets.
North America held a major revenue share of the global cosmetic skin care market in 2017 and the region is anticipated to continue with its regional supremacy over the forecast period. The growth of this regional market is attributed due to increased demand for anti-aging products from consumers, raising awareness levels among women coupled with personality and appearance. Asia-Pacific is expected to grow at fastest growth rate, due to high awareness regarding beauty products among the young population, and various international brands entering in Asia-Pacific market.
Some of the key players in the cosmetic skin care market include L'Oreal S.A., Unilever PLC, Procter & Gamble, Beiersdorf AG, Avon Products Inc., The Estee Lauder Companies Inc., Johnson & Johnson, Kao Corporation, The Body Shop International PLC and others. Industry players are mostly focusing on new product launch and extensive marketing strategies to strengthen their position in the market.
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Presence of key players in cosmetics industry and innovations & breakthroughs in cosmetic skin care products will drive market trends. Growing demand for green products will steer cosmetic skin care market size. Growing beauty consciousness among youth & aging populace and trend of improving personal appearance & facial glow along with need for looking beautiful will prop up scope of cosmetic skin care industry in upcoming years. Apart from this, cosmetic skin care products are portable and hence one can easily use them while travelling or when on journey, thereby enhancing their demand among various households. Rise in advertisement & promotion of cosmetic care products on social media and web as well as print media and television & hoardings will offer new growth prospects for cosmetic skin care market.
Furthermore, humungous customer spending on premium cosmetic skin care items due to changing lifestyles and altering fashion trends will spearhead expansion of cosmetic skin care industry over forecasting timeframe. In addition to this, launching of new cosmetic skin care products possessing natural ingredients will further increase market size. Apart from this, attractive & durable packaging of cosmetic skin care products will boost their visual appeal, thereby increasing product sales as well as product penetration across globe.
According to Zion market research report, the global Cosmetic Skin Care Market accrued earnings worth approximately 50.1(USD Billion) in 2020 and is predicted to gain revenue of about 153.7 (USD Billion) by 2028, is set to record a CAGR of nearly 5.50% over the period from 2021 to 2028.
Asia Pacific will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge is subject to massive demand for the products in Japan and China with growing urbanization and rise in working women population. In addition to this, escalating popularity of cosmetic skin care products derived from natural source In India, Japan, Singapore, Taiwan, and China will boost regional market trends.
The key market participants include The Estee Lauder Companies Inc., Procter & Gamble Company, L'Oreal S.A., Kao Corporation, Unilever PLC, Beiersdorf AG, Avon Products Inc., Johnson & Johnson, and The Body Shop International PLC.
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