Transparency
Market Research has recently published a new research report,
titled “Skin
Care Products Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2015 - 2021”. The extensive
research report states that rising awareness about healthy and
glowing skin is driving the global skin care products market.
According to the report, the global skin care products market was
valued at valued at US$110.69 bn in 2014 and is expected to reach
US$155.44 bn by 2021, surging at a CAGR of 4.9% between 2015 and
2021.
Cosmetics,
especially those designed to enhance or improve the quality of the
skin, are referred to as skin care products. These products are
especially formulated to clean, refresh, and hydrate the skin to
counter the effect of daily pollutants and other lifestyle-related
issues. The range of skin care products available on the market also
includes treatments for aging, acne, and rosacea. Furthermore,
several players are also focusing on marketing products that are
specifically meant for the lips, eyes, and neck.
The global skin care
market is segmented on the basis of product and region. The products
available in this market are face creams and body lotions. The face
creams are further segmented into skin brightening cream, anti-aging
cream, and sun-protection cream. The body lotions sold in this market
are mass market body care lotions and premium body care lotions.
Geographically, this market is segmented into North America, Asia
Pacific, Europe, and Rest of the World.
The skin care
products market is expected to do exceptionally well in Europe and
North America due to the growing usage of organic personal care
products and a huge demand for anti-aging cosmetics. Additionally, an
increasing demand for skin-glowing products amongst mid- and
low-income groups is also expected to augment the overall market,
especially so in Asia Pacific. The global skin care products market
is also benefitting from the rising interest in grooming in regions
of Africa and Middle East. On the other hand, the need for sun
protection and skin hydration is driving the skin care products
market in Latin America.
Research analysts
stated that the Middle East and Africa skin care products market will
rise at a CAGR of 8.6% between 2015 and 2021. The South Africa region
will grow at an incredible pace due to the rise of the working class,
increasing disposable incomes, and growing consumer awareness about
skin care. Asia Pacific, which previously held a significant share in
the overall market is expected to retain its dominance. The demand
for skin care products in Asia Pacific will be driven by Japan and
China.
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Some of the
Important Players in the global skin care products
market are L'Oréal S.A., Kao Corporation, The Estee Lauder Companies
Inc., Procter & Gamble, Beiersdorf AG, Unilever PLC,
Colgate-Palmolive Company, Avon Products Inc., Shiseido Company,
Limited, and Johnson & Johnson. The research report provides a
thorough analysis of the competitive landscape of the global skin
care products market and the recent technological developments
therein. Furthermore, it also explains the research and development
strategies, branding ideas, advertising strategies, and financial
outlook of these top players for the coming few years.
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Transparency Market
Research (TMR) is a global market intelligence company providing
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blend of quantitative forecasting and trend analysis provides
forward-looking insight for thousands of decision makers. TMR’s
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and analyze information.
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repository is continuously updated and revised by a team of research
experts so that it always reflects the latest trends and information.
With extensive research and analysis capabilities, Transparency
Market Research employs rigorous primary and secondary research
techniques to develop distinctive data sets and research material for
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