17-Dec-2021 | Zion Market Research
As per study of Zion Market Research, Cosmetic Skin Care industry amassed proceeds worth nearly US$ 50.1 billion in 2020 and is anticipated to accrue returns of approximately US$ 153.7 billion by 2028. Moreover, Cosmetic Skin Care market is prognosis to record CAGR of almost 5.50% in 2021-2028. Moreover, growth of cosmetic skin care market over forecast timespan is due to rise in product demand for minimizing effect of ultraviolet rays of sun on skin. In addition to this, massive need for cleansing skin & protect it from getting affected due to extreme temperatures & fluctuating climatic conditions is predicted to define industry surge. Apparently, need for restoring skin pH along with getting rid of hyperpigmentation skin spots has resulted in cumulative demand for cosmetic skin products. Additionally, cosmetic skin care personal products are applied on skin to remove its dryness along with removing dead skin cells. Moreover, cosmetics such as moisturizers are used for skin hydration and assist skin in retaining moisture. Apart from this, sunscreen lotions are utilized for absorbing UV sun radiations. All these aforementioned aspects are predicted to transform into noteworthy growth of cosmetic skin care market in near future. Few of cosmetics are also designed for adding fragrance to body and this will help cosmetic skin care market accrue huge profits.
Anti-Aging Creams To Dominate Product Type Segment Over 2021-2028
Growing trend among celebrities, film stars, and aging persons to look youthful, lively, and revitalized has created massive demand for anti-aging creams. Apart from this, these anti-aging creams also help in preventing occurrence of wrinkles on skin and hence are popular among elderly who want to improve their personal appearance as well as their looks, thereby instilling confidence in them.
North America To Account Lucratively Towards Regional Market Size By 2028
Expansion of cosmetics skin care market in North America over anticipated timeframe is subject to changing fashion trends in the U.S. In addition to this, rise in demand for skin care products among young, old, and millennial population will result in humungous elevation of regional market size. Furthermore, presence of reputed manufactures will further add to increase in revenue of cosmetic skin care market in North America. Growing youth population in Canada and the U.S. & rise in immigration of young persons in these countries will translate into extensive growth of cosmetic skin care market in sub-continent.
Some of the major players have strongly influenced market growth and will continue to do so even in foreseeable future. They are Unilever PLC, Kao Corporation, The Estee Lauder Companies Inc., Beiersdorf AG, Avon Products Inc., Procter & Gamble Company, Johnson & Johnson, L'Oreal S.A., and The Body Shop International PLC.
Browse the full “Cosmetic Skin Care Market- By Product Type (Moisturizers, Cleansing Lotions, Shaving Creams, Serums, Exfoliators, Anti-Ageing Creams, Toners, Eye Creams, Sun Care Products, And Facial Masks), By Distribution Channel (Online Sales, Standalone Retail Outlets, Supermarkets, And Factory Outlet), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/cosmetic-skin-care-market
The global Cosmetic Skin Care Market is segmented as follows:
By Product Type
By Distribution Channel
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