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Industry Insights

There is a wide variety of products available on the market including sunscreens, anti-ageing creams, body lotions, and skin brightening creams. Rising awareness regarding the various benefits of using personal care products has resulted in a rise in their demand over the last few years. This has also boosted the demand for natural and organic skin care products, making it a major sector in the cosmetics and wellness industry. Organic products are derived from natural resources and are free from harmful chemicals. Growing awareness regarding the adverse effects of synthetic counterparts has contributed to an increase in the demand for these products.

This has prompted major manufacturers to focus more on research and development activities and formulate new products, resulting in the growth of green chemistry and the green sector. Shifting consumer preference toward natural and organic goods coupled with growing usage of environmentally safe products is also expected to fuel market development. Organic product manufacturers are spending more time, money, and resources on research and development of organic products, which has resulted in the growth of green chemistry and the green sector. Increased usage of sunblock, anti-tan, and anti-aging creams is another key factor augmenting industry growth.

In addition, demand for moisturizing lotions, facial wipes, hair styling gels, and creams is also expected to spur the cosmetics sector, thereby driving the global market growth. Skin care product demand, specifically in the organic segment, is expected to maintain medium market penetration due to surge in innovation. Increasing need for natural quick-fix solutions for various problems that arise from pollution and other factors is projected to have a positive impact on the market over the forecast period. Surfactants, conditioning agents, colorants, neem, xanthan gum, and fish oil are the key raw materials used in the manufacturing of high-quality face creams, body lotions, and other beauty products.

Product Insights

On the basis of product, the market has been segmented into face creams and body lotions. Face creams have been further segmented into sun protection cream, skin brightening cream, and anti-aging cream. Body lotions are sub-segmented into mass market body care lotion and premium body care lotion. Face creams segment held the largest share of the market in 2018 and is expected to continue its dominance over the forecast period. Rising demand for skin brightening face creams is expected to boost the market growth in coming years. Moreover, these creams reduce acne scars, freckles, age spots, and discoloration, which will drive the demand further.

Download In-Depth Research Insights: www.grandviewresearch.com/industry-analysis/skin-care-products-market

Regional Insights

Asia Pacific led the global market in 2018, in terms of revenue. The overall personal care industry in the region has experienced exponential growth over the past few years. Skin care is the largest category of this industry. Europe held the second-largest share of the market in 2018. Technological advancements in the region coupled with development and introduction of innovative creams and lotions is expected to have a positive impact on the region’s growth over the next few years. Rising demand for anti-aging creams on account of various factors is also expected to boost market development in the coming years.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2014 – 2017

Forecast period

2019 – 2025

Market representation

Revenue in USD Million and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country scope

U.S., Germany, U.K., China, India, Japan, Brazil, and Saudi Arabia

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization