The global market for skin care products will be driven by a growing awareness of its shape and skin quality in the forecast period of 2022-2027.

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Highlights of the report include:

Market Overview (2016-2026)

G Forecast CAGR (2021-2026): 4.2%

The major factors driving market growth are the growing awareness of one's appearance and skin quality and the growing purchasing power of people around the world. Significant research and development investment in the production of new products and aggressive marketing strategies of existing players have also led to a large increase in sales. The pervasive polluted environment, global warming, and active lifestyles that jeopardize skin durability have also strengthened the rapid acceptance of products that help protect the skin and prevent damage. Regionally, North America and Europe dominate the worldwide market for skin care products, of which the majority. However, the Asia-Pacific region is expected to see strong demand during the forecast period due to increasing demand for skin care products from fast growing economies like China and India.

Definition of Industry and Large Classes

Skin care products are used to strengthen and protect the condition of human skin. There is a range of products available in the market, such as cleansers, toners, body lotions, oils and serums, and creams with alpha hydroxy acids, beta hydroxy acids, and retinol with some of their key ingredients.

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By type, the market is divided into:

* Facial care

o Cleaners o Moisturizers o Facial scrubs, masks & packs o Oil & Serum or special creams or other

* Body care

o Body lotion or body wash or other

• others

Based on the components, the market is divided into:

• Natural Chemical

Based on gender, the market is divided into:

• male Female

Depending on the distribution channel, the market is divided into:

Hypermarkets / Supermarkets • Convenience Stores • Specialty Stores • Online • Other

Regional product markets include:

North America • Europe • Asia Pacific • Latin America • Middle East and Africa

Market trends

The growing use of online platforms to reach a larger client base is a recent significant development in the skin care products industry. To maximize sales, smart businesses and dealers are slowly moving toward e-commerce. Another major trend seen in the global skin care products market is the growing proliferation of skin organic products without synthetic chemicals. Brands from time to time launch new skin care products made from natural or organic ingredients to attract the attention of consumers. These products, despite being expensive, are selling well around the world due to growing awareness of the potential side effects of chemical skin care products. Prohibition of animal research limits production in the field. This has had a negative impact on manufacturing, especially small and medium enterprises. Significant growth in the skin care industry has been helped by the growing popularity of organic products and the growing incomes of the middle class.

Key market players

Major players in the market are The Procter & Gamble Company, Unilever Plc, Kao Corporation, Revlon, Inc., The Estée Lauder Companies Inc., Beiersdorf AG, New Avon Company, and L’Oréal S.A., and others. The report covers market share, capacity, plant transformation, expansion, investment and mergers and acquisitions, among other recent developments of these market players.

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