Skincare Products Market Scope and Key Players Analysis by 2028
Skincare Products Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 115.39 Billion |
Market Size by 2028 | US$ 213.36 Billion |
Global CAGR (2021 - 2028) | 9.2% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Product Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
End-User Insights
Based on end-user, the skincare products market is segmented into men, women, and others. The men segment is projected to grow at the fastest CAGR in the global skincare products market over the forecast period. The rising awareness among the male population about good hygiene and regular grooming, increasing product launches, surging celebrity endorsements, and growing disposable income are among the factors boosting the growth of the skincare products market for the men segment. In addition, the willingness to achieve better physical appearance and growth in per capita income are anticipated to bolster the sales of personal care products among the male populace, which is further expected to support the market growth during the forecast period.
The key players operating in the skincare products market include L'Oréal Groupe; Beiersdorf; Shiseido CO., LTD.; Procter and Gamble; Unilever; Himalaya Wellness Company; Lotus Herbals; VLCC Wellness; Avon Products; and Johnson and Johnson Services, Inc. These players are engaged in developing innovative products to meet the emerging consumer trends. Moreover, they are involved in mergers & acquisitions, business expansion, and partnerships to expand their market share globally.
Report Spotlights
- Progressive industry trends in the skincare products market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the skincare products market from 2019 to 2028
- Estimation of global demand for skincare products
- Porter's five forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the skincare products market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the skincare products market growth
- The skincare products market size at various nodes
- Detailed overview and segmentation of the market, as well as the skincare products industry dynamics
- Size of the skincare products market in various regions with promising growth opportunities