Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Skin Care Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Skin Care Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global Skin Care Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Skin
Care Market is offered. In
accordance with the report, the global Skin Care Market is projected to expand by healthy CAGR of
5.7% over the period of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Skin
Care, by definition, is various types of practices on skin to take care of it.
These practices include usage of different cosmetics like toners, cleansers,
masks, moisturizers, body lotions, sunscreens etc. The main goal of skin care
is to tune and brighten up the complexion of the skin, make it more beautiful
and radiant, prevent wrinkles and aging of skin and protect it from dust, sun
rays and other harmful chemicals and pollutants.
Market Drivers
The
rising concerns over better and perfect physical and facial appearances and growing
awareness regarding different skin diseases due to improper maintenance of skin
are pushing the growth rate of the Skin Care Market upward. The increase in
dust and air pollutions is causing severe damage to the skin. Also increasing
work pressure, irregular sleeping hours and staying up late at nights, improper
hydration and consumption of oily and junk foods, working in front of the
computers and smart phones for hours, exposure to harmful UV rays for hours are
causing harm to the skin and making the skin dry, wrinkly and age way too
early. As a result, taking care of skin has become a necessity now-a-days which
in turn is the main driver of the growth of the said market.
Beside
this, the growing population and work population and rising per capita income
are also some of key players behind the rapid growth of the Skin Care Market.
Aside
from these, the rising foreign investment in this sector and the growth in
import sector of the Skin Care are also adding fuel to this increasing market
growth.
The
regular introduction of different and brand-new types of skin care products to
satisfy the varying tastes of the customers is also attracting new consumers
and thus helping the growth rate of Skin Care to rise high. The convenience and
efficiency of Skin Care products is also helping in the expansion of the said
market.
Market Restraints
The Skin Care Market has a huge potential. Though it is expanding very fast
day by day, many things are preventing it from using its full potential. Some
of these restraints are–
? High
prices of the raw materials.
? High import cost and tariffs.
? High cost of R&D activities.
? High cost of the premium quality end products.
? Availability of substitutes at lower costs.
? Unavailability of these products in many
regions.
? Harmfulness of the over usage of Skin
Care products on skin.
? Lack of awareness about the availability and
benefits of the Skin Care products
in the rural areas of the developing countries.
Opportunities
The Skin Care Market growth is mainly based on the
consumption of these products for personal use. The products must satisfy the
preferences and skin types of the consumers and it must be budget-friendly. The
products with multiple features such as moisturizers with anti-aging,
brightening and toning and SPF properties, facial masks or cleanser with
brightening, toning, moisturizing and anti-aging properties are very famous due
its all-in-one properties and low costs compared to the cost of buying all
products separately.
Trends
During
the forecast period, Asia Pacific followed by North America and Europe are
expected to have the largest share of Skin Care Market. The demand for Skin Care
Products in Asia Pacific region is driven by its growing population and work force and rising disposable income among
individuals. The growing work pressure and increase in work hours and rising
concerns over proper physical appearances specially in South Korea, Japan,
China and India are also driving the growth. It is also believed that on the basis of
product type, the facial cleanser and moisturizer segments will have the
largest share for its low prices and high demand and efficiency and
convenience. The Organic Skin Care Market is also expected to rise
significantly in the said time for its rising demand among young generation due
to the rising awareness over skin diseases caused by harmful chemicals.
Segment Covered:
This market
intelligence report on the global Skin Care Market encompasses market segments based on product type,
material type, application, skin type, end use, end usage, distributional
channel and country.
By Product
Type the global Skin Care Market has been divided into:
q Face
Care Products
o Facial
Cream
o
Moisturizers
o
Eyer Creams
o
Anti-aging Creams
o
Others
o Toners
o
Alcohol-based Facial Toners
o
Water-based Facial Toners
o
Glycerin-based Facial Toners
o
Others
o Facial
Masks
o
Clay Masks
o
Cream Masks
o
Gel Masks
o
Sheet Masks
o
Others
o Cleansing
Lotions
o
Foam Cleansers
o
Oil Cleansers
o
Cream Cleanser
o
Gel Cleansers
o
Micellar Cleansers
o
Others
o
Shaving Creams
o
Exfoliators
o
Sun Protector Products
o
Water-resistant Sunscreen
o
Moisturizer and Foundations with SPF
o
Extended-wear Sunscreen
o
Others
o
Serums
o
Anti-aging Serums
o
Skin-brightening Serums
o
Hydrating Face Serums
o
Acne Fighting Serums
o
Exfoliating Face Serums
o
Reparative and Renewing Face Serums
o
Others
q Body
Care Products
o Body
Lotions
o Body
Oils
o Body
Toners
o Others
q Others
By Material Type the global Skin Care
Market has been divided into:
q Organic
and Herbal
q Inorganic
q Others
By Application
the global Skin Care Market has been divided into:
q Cleansing
q Skin
Whitening and Brightening
q Toning
q Skin
Repairing
q Anti-aging
q Moisturising
q Blackheads
and Pores Cleaning
q Make Up
Remover
q Sun
Protector
q Tan
Removal
q Others
By Skin
Type the global Skin Care Market has been divided into:
q Dry
Skin
q Oily
Skin
q Neutral
q Mixed
Skin
q Sensitive
Skin
q Others
By End
Use the global Skin Care Market has been divided into:
q Personal
q Commercial
By End
Usage the global Skin Care Market has been divided into:
q Female
q Male
q Others
By Distributional
Channel the global Skin Care Market has been divided into:
q Supermarkets
and Hypermarkets
q Online
q Others
By country/region,
the global Skin Care Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific
(India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q L’Oreal
q Johnson
& Johnson
q Maybelline
q Burt’s
Bees
q P&G
q Ahava
q Matrix Essentials
q Sisley
q H20Plus
q Nutrogena
q Dermalogica
q Beiersdorf
q Kao
Corporation
q The
Body Shop International PLC
q Unilever
PLC
q Avon
Products Inc.
q The
Estee Lauder Companies Inc.
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Skin Care Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
L’Oreal
The L’Oreal
Paris, a French Skin Care Products company is now dominating the global market
of Skin Care. Beside the already existing different type of products for all
types of skins and consumers, it has recently launched their new technology
SKINGENIUS to further capture the said market. This app provides detailed and
informed answers as fast as possible to all the questions asked by its
consumers and also offers professional advices like a personal professional
make up adviser and skin dermatologist. The great quality of the L’Oreal Paris
products at a reasonable price is also very attractive to the customers.
Johnson & Johnson
One of the
oldest and biggest Skin Care Products Brands in the whole world Johnson &
Johnson has been mixing scientific researches with their variety of products to
make it of better quality and more preferable and beneficial to their
customers.
Maybelline
Maybelline New
York is one of most recognized Skin Care Products brand across the world with a
total distribution in over 129 countries around the globe. The company has been
launching various types of products with newer and better properties since the
beginning. They are using internationally famous stars, fashion walks and red
carpets and advertisement campaigns to promote their brand. They also trying to
bring the exclusive fashion looks of stars and models to its customers with the
products at a very budget-friendly price which is very attractive to the
consumers.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Skin Care Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019
as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Skin Care Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of different type of models,
government initiatives, marketing tactics and expansion, and technical up
gradation
Ø
The world
market for Skin Care caters to the needs
of various stakeholders pertaining to this industry, namely suppliers, manufacturers,
investors, and distributors for Skin Care Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Skin Care Market
v
Identification
of key factors driving investment opportunities in the Skin Care Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants
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