What is Global Cosmetic Skin Care Market?
The Global Cosmetic Skin Care Market is a vast and dynamic sector that encompasses a wide range of products designed to enhance and protect the skin's health and beauty. This market, which was valued at US$ 59,240 million in 2023, includes products such as moisturizers, cleansers, facial masks, shaving creams, serums, and more. These products are developed using various ingredients and technologies to cater to the diverse skin care needs of consumers worldwide. The market's growth is driven by factors such as increasing consumer awareness about skin health, advancements in skin care technology, and the rising demand for natural and organic skin care products. The Global Cosmetic Skin Care Market is not just about products; it's about providing solutions to skin care problems and enhancing people's confidence and well-being.
Skin Moisturizers, Skin Cleansing Lotions, Skin Facial Masks, Skin Shaving Creams, Skin Serums, Others in the Global Cosmetic Skin Care Market:
The Global Cosmetic Skin Care Market is segmented based on product types such as Skin Moisturizers, Skin Cleansing Lotions, Skin Facial Masks, Skin Shaving Creams, Skin Serums, and others. Skin Moisturizers hold the largest market share, accounting for nearly 50% of the total market. These products are essential for maintaining skin hydration and health, and their demand is high across all age groups and skin types. Skin Cleansing Lotions are also a significant segment, as they are the first step in most skin care routines. Facial Masks, Shaving Creams, and Serums are other popular products, each offering unique benefits and catering to specific skin care needs. The 'Others' category includes a variety of products such as toners, exfoliators, sun care products, and more. Each of these product types plays a crucial role in the comprehensive skin care routines followed by consumers today.
Supermarkets and Grocery Retailers, Beauty Specialist Retail Outlets, Factory Outlets, Online Sales in the Global Cosmetic Skin Care Market:
The Global Cosmetic Skin Care Market products are sold through various channels, including Supermarkets and Grocery Retailers, Beauty Specialist Retail Outlets, Factory Outlets, and Online Sales. Supermarkets and Grocery Retailers account for about 45% of the total sales, offering consumers the convenience of purchasing skin care products along with their regular grocery shopping. Beauty Specialist Retail Outlets are also a significant sales channel, providing a wide range of products and expert advice to consumers. Factory Outlets offer products at discounted prices, attracting price-conscious consumers. Online Sales have been growing rapidly, driven by the convenience of shopping from home and the wide range of products available at the click of a button.
Global Cosmetic Skin Care Market Outlook:
Looking at the market outlook, the Global Cosmetic Skin Care Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.1% from 2024 to 2030, reaching a value of US$ 96,290 million by 2030. This growth is expected to be driven by factors such as increasing consumer awareness about skin health, advancements in skin care technology, and the rising demand for natural and organic skin care products. Geographically, the market is concentrated in APAC, Europe, and North America, which account for about 45%, 25%, and 20% of the sales volume, respectively. The Skin Moisturizers segment is expected to continue dominating the market, while Supermarkets and Grocery Retailers are expected to remain the primary sales channel.
| Report Metric | Details |
| Report Name | Cosmetic Skin Care Market |
| Accounted market size in 2023 | US$ 59240 million |
| Forecasted market size in 2030 | US$ 96290 million |
| CAGR | 7.1% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | L'Oreal S.A, Unilever, Procter & Gamble, Beiersdorf, Avon Products, The Estee Lauder Companies, Johnson & Johnson, Kao Corporation, Natura & Co |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
