Skin Care Products Market Is Expected To Reach Approximately Us$ 184 Billion by 2026 | CAGR: 4.5%
Recent study titled, "Skin Care Products Market (By Product: Face Cream [Skin Brightening Cream, Anti-aging Cream, Sun Protection Cream] Body Lotion [Mass Market Body Care Lotion, Premium Body Care Lotion] Other) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2018 - 2026" which covers detailed statistical analysis and enlightens market dynamics and trends that provide a holistic picture of the industry.
According to Acumen Research and Consulting the globalSkin care products market is forecasted to grow at a stable CAGR around 4.5% during the forecast period 2018 to 2026, increasing awareness towards skin care, escalating demand for herbal, natural and organic skin care products, changing lifestyle, growing demand for anti-aging products and ease of availability of various skin care products are some of the key factors that are fueling the skin care products market growth across the globe. Skin care products are the products that help to enhance the skin appearance and reduce skin problems. Skin care products consist of various natural and synthetic products such as body lotions and face creams. Various skin care products include moisture, prevention of excessive exposure of sun and pollution and nutrition. Skin care products enhance the skin health by including various properties such as exfoliation, laser resurfacing, fillers, microdermabrasion, peels and retinol therapy. Asia Pacific is anticipated to witness the highest growth rate over the forecast period owing to the availability of wide range or skin care products, growing awareness towards health and beauty and huge demand for various skin care products. Continuously changing lifestyle is playing the major role in the growth of regional skin care products market.
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Rising Awareness towards Skin Care and Availability of Broad Range of Skin Care Products to Drive the Global Skin Care Products Market Growth
The awareness towards skin care is rapidly increasing with the changing lifestyle. This factor is increasing the demand for various skin care products such as sun protection cream, anti-aging cream, and creams with anti-wrinkle properties in skin care and makeup products. Increasing concerns about various skin problems and ease of availability of various skin care products in the market are some of the fundamental factors responsible for the rapid growth of skin care products market globally. Intensifying awareness towards natural components that provide UV protection is also anticipated to boost the market growth over the forecast period. Growing adoption of organic or natural skin care products is also increasing, thereby fueling the overall growth of the skin care products market. Furthermore, multiple manufacturers of organic skin care product are focusing more on the expansion of advanced formulations aimed at solving the effects of skin aging. Change in the lifestyle patterns in developed as well as developing economies due to rapid urbanization, increase in awareness about advanced skin care products and high investments in emerging countries are some of the factors influencing the growth of skin care products market across the globe. With the rising disposable income, the various regions are developing more advanced skin care products and thereby propelling the overall growth of the skin care products market. Growing awareness towards various advantages of using personal care products has increased their demand over the last few years. This has also increased the adoption of organic and natural skin care products, further boosting the growth of the global skin care products market.
Asia Pacific to Grow at Highest Rate inSkin Care Products Market
Geographically, the global skin care products market has been divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Asia Pacific is anticipated to contribute the highest revenue share and grow at highest CAGR during the forecast period owing to the ease of availability of wide range or skin care products, growing awareness towards health and beauty and huge demand for various skin care products. Continuously changing lifestyle is playing the major role in the growth of regional skin care products market. Growth in the young population and inclination towards more advanced skin care products are supplementing the regional market growth. Europe is also expected to show substantial growth over the forecast period due to the development of various innovative creams and solutions escalating demand for various skin care products. Growing demand for anti-aging creams is anticipated to boost the regional market growth throughout the forecast period.
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The skin care products market is consolidated with large number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players of the market are Lrsquo;Oreacute;al S.A.; Beiersdorf AG; The Esteacute;e Lauder Companies, Inc.; Unilever; Johnson and Johnson; Colgate-Palmolive Company; Shiseido Company, Ltd.; Revlon, Inc.; Avon Products, Inc. and Procter amp; Gamble Company
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TABLE OF CONTENT
CHAPTER 1. INDUSTRY OVERVIEW
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
CHAPTER 4. SKIN CARE PRODUCTS MARKET BY PRODUCT
CHAPTER 5. NORTH AMERICA SKIN CARE PRODUCTS MARKET BY COUNTRY
CHAPTER 6. EUROPE SKIN CARE PRODUCTS MARKET BY COUNTRY
CHAPTER 7. ASIA-PACIFIC SKIN CARE PRODUCTS MARKET BY COUNTRY
CHAPTER 8. LATIN AMERICA SKIN CARE PRODUCTS MARKET BY COUNTRY
CHAPTER 9. MIDDLE EAST SKIN CARE PRODUCTS MARKET BY COUNTRY
CHAPTER 10. AFRICA SKIN CARE PRODUCTS MARKET BY COUNTRY
CHAPTER 11. COMPANY PROFILE
CHAPTER 12. RESEARCH APPROACH
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