Those familiar with
skin care products would know what the uses of retinol, argan oil,
peptides, seaweed, benzoyl peroxide and salicylic acid are. Armed to
the teeth with these chemicals and active ingredients designed to
give a user the most beautiful, soft, and radiant skin, skin care
products come in a large variety of packaging and pricings. As one of
the most marketed FMCG products, the global skin care products market
holds a high rate of sales through a wide range of products, which
are claimed to be beneficial for all common skin types.
The Global
Skin Care Products Market
was recorded at a substantial US$110.7 bn at the end of 2014.
Expected to proceed at a CAGR of 4.90% between 2015 and 2021, the
global skin care products market should be valued at US$155.4 bn by
the end of this period.
To sum it up, rather
well. The biggest reason the global skin care products market is
growing today is the higher number of individuals that fall into the
bracket of low- and middle-income citizens with more disposable
income. With more people having more money to spend, the global skin
care products market, which is considered a luxury in developing
economies, finds rising preference. Other factors that go with the
increasing number of skin care product shoppers is the advancements
in this field that have given birth to potent and skin-specific
treatments and preventive creams.
The global consumer
base for the skin care products market is moving towards the newest
trend of using skin glowing products, especially prevalent among
consumers from the middle- and low-income brackets. So is the case
with skin brightening products in tropical regions, such as the
Middle East, a few African countries, and Asia Pacific. Countries in
Latin America, on the other hand, hold a massive consumer segment
that leans towards sunscreens and similar products. Within a regional
scope, the global skin care products market was dominated by Asia
Pacific, and is expected to continue leading it in the near future.
This is primarily possible due to the massive population of skin care
users in China and Japan. The fastest CAGR in the global skin care
products market’s regions is the 8.60% expected to be displayed by
the MEA region between 2015 and 2021.
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Not yet. Not all
brands have completely sworn off using substances that are
consistently linked to health issues such as cancer. At the top of
this harmful chemicals list are parabens. Parabens were commonly used
as a preservative in the global skin care products market due to
their cheap and easy manufacturing. The chemicals have, however, been
proven to have been the aggravators of cancer in many cosmetic
product users. Parabens imitate the actions of estrogens, and when
they enter the blood stream, are known to cause breast cancer and
multiple issues with the reproductive system. This was demonstrated
by researchers from Silent Spring and the University of California
Berkeley. The former is a well-known women’s health research body.
Through their studies, they noticed that nearly 25% of the breast
cancer cases analyzed are related to higher levels of the human
epidermal growth factor and estrogen. The exposure of cancer cells to
parabens revealed a significant increase in the growth of cancer.
With a long stream
of debates over the actual potency of parabens and other chemicals in
causing diseases, many brands in the global skin care products market
have opted out, replacing parabens with alternative preservatives,
while many others still continue to use them. Large-scale removal of
harmful chemicals in skin care products will go a long way in
ensuring sustained success for the skin care products market, while
sticking to using parabens and other harmful chemicals has the
potential of blowing up in the face of major skin care products
market players.
The report also
provides the company market share analysis of key players operating
in the skin care market. The key players operating in
global skin care market are Avon Products Inc., L’Oreal S.A.,
Beiersdorf AG, and Unilever PLC among others.
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