Press Release
Press Release
Evolving consumer perceptions surrounding personal appearance and skin health, coupled with rising global purchasing power, are driving the skin care products market. In addition to sizable research and development investments aimed at generating novel offerings and established companies' ambitious marketing initiatives have also meaningfully contributed to substantial market revenue.
Forward-looking organisations are monitoring shifting attitudes and economic changes worldwide to capitalise on emerging opportunities and deliver optimised solutions tailored to consumers' growing skin care needs. Furthermore, the prevalence of environmental contaminants, the ongoing impacts of climate change, and active lifestyles affecting skin integrity have also strengthened the accelerated adoption of products that help protect the skin from external factors.
Currently, North America and Europe comprise the largest share of the global market for skin care products. Meanwhile, the Asia Pacific region is projected to experience considerable growth in the coming years. This expansion can be attributed to the burgeoning demand for personal care products from developing nations within the region, notably China and India.
Additionally, increased awareness of organic options as well as the expanding economic power of Asia Pacific's middle class have substantially augmented the market expansion across the region. These dynamics are expected to persist moving forward, with the Asia Pacific market potentially overtaking other areas due to its robust projected increase.
In March 2022, global consumer goods company Procter & Gamble Co. (NYSE: PG) reintroduced its Bodewell line of skin care products specially formulated for conditions such as eczema and psoriasis. Bodewell's eczema and psoriasis product lines feature gentle formulas that deliver powerful results. These products contain proven active ingredients like colloidal oatmeal and salicylic acid along with essential moisturisers and a novel botanical blend called BW22. Drawing from both skin science and natural sources, Bodewell products are designed to gently soothe irritated skin while powerfully helping skin rebalance over time - providing symptom relief and a clearer appearance over the long term.
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The major players in the global skin care products 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., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Ingredient |
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Breakup by Gender |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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