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Skincare Products Market - Rise in Demand for Anti-ageing Products to be the Key Growth Factor; TMR

1273 Days ago

Skin Care Products Market to Reach US$155.4 Mn by 2021 - TMR

ALBANY, New York, Sept. 14, 2018 (GLOBE NEWSWIRE) -- According to the report, the global skincare products market had a net valuation of US$110.69 bn in 2014. Exhibiting a moderate 4.9% CAGR between 2015 and 2021, the market is expected to rise to a revenue opportunity of US$155.44 bn by 2021.

Steady expansion of product portfolios, expansion of geographical outreach, and effective marketing strategies are the areas that most companies in the market focus on to gain a stronger hold on the market. Owing to increased demand for organic products in the past few years, companies have also increased their focus on development of natural and organic product lines to acquire a larger consumer base. Some of the leading companies in the market are Johnson & Johnson Services Inc., The Estee Lauder Companies Inc., Procter & Gamble, Beiersdorf, Kao Corp., L'Oréal S.A., Avon Products Inc., and Unilever.

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Improved Economic Conditions across Developing Economies to Drive Growth

Factors such as rising consciousness about healthy skin, improving economic conditions of developing countries, rising population of aged people, and consistent rise in demand for a variety of skin care products across the globe are key to the promising growth prospects of the global skin care products market. The massive rise in demand for anti-aging products, sun screen lotions and creams, and skin moisturizing products across Latin America, and a marked rise in demand for organic skin care products, especially across North America and European markets have also elicited significant developments in the global skincare products market in the past few years.

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Rise in Demand for Easily Accessible Luxury Skincare Products to Fuel Growth of the Market

Over the next few years, the market will benefit from the massive rise in demand for easily accessible luxury skincare products such as face masks, skin hydration products, and sun screen products across emerging economies. Demand for skin brightening products across countries in the Middle East and Africa regions is also expected to provide an influential growth opportunity to the global market.

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The review is based on a report by Transparency Market Research (TMR), titled “Skin Care Products Market (Product - Face Cream (Skin Brightening Cream, Anti-aging Cream, and Sun Protection Cream) and Body Lotion (Mass Market Body Care Lotion and Premium Body Care Lotion)) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021.”

The global market for skin care products is segmented into:

By Product Segment

  • Face cream
    • Skin brightening cream
    • Anti-aging cream
    • Sun protection cream
  • Body lotion
    • Mass market body care lotion
    • Premium body care lotion

By Geography

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • France
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Japan
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • South Africa
    • Rest of Middle East and Africa (MEA)
  • Latin America
    • Brazil
    • Argentina

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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