Skin Toner Market Scope and Growth by 2031
Skin Toner Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 1.18 Billion |
Market Size by 2028 | US$ 1.6 Billion |
Global CAGR (2022 - 2028) | 5.2% |
Historical Data | 2020-2021 |
Forecast period | 2023-2028 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
IMPACT OF COVID/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION
The report provides a detailed overview of the global skin toner market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. Many industries faced unprecedented challenges after the onset of the COVID-19 pandemic in 2020. The manufacturers of personal care products faced significant challenges due to supply chain constraints caused by nationwide lockdowns, trade bans, and travel restrictions. The supply chain disruptions created a shortage of raw materials, which affected the production and distribution of various products, leading to increased prices. The shortage of labor force needed in manufacturing units and a temporary halt on on-premises sales through specialty stores, supermarkets, and convenience stores due to lockdowns and social distancing measures further negatively affected the market sales. Thus, major companies in the skin toner market faced the hardest hit during initial phase of pandemic.
The COVID-19 pandemic had a mixed impact on the skin toner market during the pandemic. Skin toners were not classified as essential products by governments in several countries, which compelled manufacturers to halt the production of these products. However, the COVID-19 pandemic triggered a digital transformation across many industries, including cosmetic and personal care products. In 2021, various economies resumed operations as governments announced relaxations of previously imposed restrictions, which boosted the global marketplace. Moreover, manufacturers were permitted to operate at full capacities, which helped them overcome the demand and supply gaps and other repercussions.
COMPETITIVE LANDSCAPE AND KEY COMPANIES
Some of the key players and top skin toners manufacturers, operating in the skin toner market include, Dickinson Brands, La Mer Technology Inc, Mario Badescu Skin Care Inc., Loreal Paris, Shiseido Co Ltd., Procter & Gamble, Burt's Bees, Lush Retail Ltd, The Bodyshop International Ltd, and Johnson & Johnson, among others.