The Skin Care Products Market was valued at $139.47Billion in 2018 and is forecast to grow at a modest5.5% CAGR between2018 and 2025, culminating in 2026 global sales of $189.50Billion.
Increasing disposable income, rising demand for skin care products diagonally all age groups, specially the young population, and raising consciousness between consumers about several skin care products. Additionally, an increasing number of working women is an important factor for personal care product. Growing healthcare awareness and focus in the direction of making a confident personality can work in the support of the global skin care products market. The demand in the global skincare products market is expected to grow owing to the requirement to keep skin healthy in the present scenario where pollution levels are tremendously high. Increasingawarenessbetween people and their changing lifestyle is another key factor in expanding the demand in the global skin care segment. Growing e-commerce and technological advancement are projected to drive the segment. The market is also demanding for organic and natural skin care product because it is made up of natural things and has no chemicals. Changing consumer choice regarding organic and natural properties joined with the increasing use of ecologically safe products is also anticipated to propel market progress.
“Optimal Price Point (OPP) for Global Skin Care Products Market”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On average, in the China Global skincare product are available at USD xxx- USD xxxx. However, high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Global Skin Care Products Market by “Key Product Categories”
We have segmented the GlobalSkin Care Products Market based on Product Categories as Face Cream, Body Lotion.
We have observed that the rapid growth of Skin Care Products followed by Face Creamsegmentwiththe share of 38.0%overthe forecast period. Basically,it reduces the face skin problem such as age spots, discoloration, scar marks, and freckles and enhances the slowness of face skin.
We have also noticed that the significant growth of the Body Lotion segment is expected to grow by shares during the forecast period. This segment does not consist of any chemical process such as sulfur, ammonia, and parabens.
The Asia Pacific accounted for the maximum revenue share of over xx% in 2018 due to increased demand of Global skincare product followed by EU- Top 5 countries contribute $X.6 Billion in 2018 and expected to reach $x.5 Billion by 2026.
The rapid growth of cosmetic products and the availability of Global Skin Care Products materials option create an impact in developing countries for the demand for anti-aging creams and lotion.
“Competitive Landscape”and “Merger& Acquisition Insights”
The key market participantsL’Oréal S.A., Unilever, Beiersdorf AG, Johnson and Johnson, Avon Products, Inc., Shiseido Company, Ltd., Revlon, Inc., The Estée Lauder Companies, Inc., Colgate-Palmolive Company,and Procter & Gamble Company are few major players in Global Skin Care Products Markets. TheGlobal Skin Care Products Market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Global Skin Care Products Market by Key Product Categories(Revenue, Million, 2018 – 2026)
- Face Cream
- Body Lotion
Global Skin Care Products Market Regional Outlook (Revenue, USD Million, 2018-2026)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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