According to the latest report by IMARC Group, titled “Skin Care Products Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026,” the global skin care products market reached a value of US$ 131 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.1% during 2021-2026.
Skin care products are mainly used for improving and maintaining the appearance of human skin. Some of the commonly available products include cleansers, body lotions, toners, oils, serums, creams with alpha- and beta-hydroxy acids or retinol, etc. They help in replenishing dead skin cells, preventing the signs of aging, such as fines lines, wrinkles, age spots, etc., and maintaining the overall health of the skin. Skin care products market is highly diversified, varying from region to region and catering to a wide range of skin types.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Skin Care Products Market Trends:
The elevating levels of environmental pollution across the globe are prompting consumers to adopt a regular skin care regime to protect the skin against any damage caused by dust, ultraviolet (UV) rays, humidity, etc. This is among the primary factors driving the skin care products market. Moreover, the rising number of promotional activities, along with the launch of organic and herbal products for overall enhancement and maintenance of healthy skin, is further catalyzing the product demand. Besides this, the increasing consumer consciousness towards physical appearances and the emergence of customized skin care products of diverse preferences are also propelling the market growth. In the coming years, the expanding working women population, coupled with rising expenditures on personal grooming items are expected to fuel the global skin care products market.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
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Key highlights of the Report:
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