Add 2 More Reports For 20% off

Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Skin Care Products Market Size

The global skin care products market attained USD 167.44 billion in 2023. The market is expected to grow at a CAGR of 4.2% between 2024 and 2032, to attain USD 241.92 billion by 2032.

Global Skin Care Products Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 167.44
Market Size 2032 USD Billion 241.92
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 4.2%
CAGR 2024-2032 - Market by Region Asia Pacific 4.8%
CAGR 2024-2032 - Market by Country India 5.6%
CAGR 2024-2032 - Market by Country China 4.6%
CAGR 2024-2032 - Market by Ingredient Natural 4.9%
CAGR 2024-2032 - Market by Distribution Channel Online 5.8%
Market Share by Country 2023 France 3.4%

Skin Care Products Market Outlook

  • In 2024, intending to create innovative skincare, AFFOREST introduced India’s first-ever range of green coffee-based skincare products. The line-up includes four products- cleanser, hydrating expert, mineral sunscreen, and serum.
  • In 2024, Eminence Organic Skin Care launched its newest range of skincare, powered by the action of charcoal and black seed extract to rejuvenate and purify the skin.
  • Cleansers are a significant product category within K-beauty face care shaping the skin care market dynamics and trends. Korean drugstores can often display face cleansers in a shelf section on their own rather than shelving the products according to respective brands.
  • In 2024, in a bid to grow its presence in the beauty and personal care space, BIA Brands, an FMCG-focused company, acquired the beauty brand Asa Beauty.

Global Skin Care Products Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Skin care Products Market Growth

In the skin care products industry, the growing perception of one's looks and skin quality, combined with the increasing purchasing power of people worldwide, are major factors driving the skin care products demand growth. In addition to major investments in research and development to produce new products, ambitious marketing campaigns by existing players have also contributed to the substantial revenue increase.

Furthermore, the pervasive contaminated climate, global warming, and the active lifestyle that impacts the consistency of the skin have also strengthened the accelerated adoption of products that help protect the skin and avoid any harm to it. Regionally, North America and Europe lead the global skin care products market as they contribute to the majority of the market share. However, the Asia Pacific region is expected to grow at a rapid pace due to rising demand from developing countries such as China and India. Further, the growing perception of organic products and the rising prosperity of the middle-class population have facilitated a significant upswing in the region's skincare products industry.

Key Trends and Recent Developments

Korean skincare innovation, clean beauty and sustainability initiatives are expected to open up new skin care product market opportunities during the forecast period.

January 2024

Estée Lauder Companies Inc. introduced the Re-Nutriv Ultimate Diamond Transformative Brilliance Soft Crème Moisturizer as an innovation. It is part of the Re-Nutriv Ultimate Diamond Collection, powered by the Longevity Science concept of reversing visible ageing signs.

January 2024

L'Oréal announced the signing of an agreement for the acquisition of the outstanding shares of Gjosa, a Swiss company and pioneer in water fractioning technology. L'Oréal has already initiated a partnership with Gjosa to launch the L'Oréal Professionnel Water Saver professional showerhead. L'Oréal Professionnel Water Saver by Gjosa features patented water fragmentation technology that cuts up to 69% of water intake on the backbar1, while keeping the hair wash experience pleasant and thorough for the client.

June 2024

Tira, Reliance Retail's omnichannel beauty retail platform, announced the launch of its skincare brand, 'Akind'. Co-created by Mira Kapoor, Akind was launched at the flagship store of Tira in Jio World Drive, Mumbai, India.

May 2022

Inspired by the pioneering discovery behind skin cells ability to self-generate through energy, SK-II launches NEW SKINPOWER—a revolutionary skincare category game changer that is designed to supercharge skin for a youthful, healthy look.

Korean skincare innovation

Korean skincare is still leading the trends of the moment, from the most avant-garde approaches to multi-step routines. Among these highly remarked-upon methods are double cleansing, essence layering, and sheet masks—everything focusing on hydration and nourishment. Consequently, this popularized the trend in pursuit of a "glass skin" look, influencing consumers worldwide to adopt K-beauty principles for radiant skin.

Clean beauty

The clean beauty movement is also aiding the skincare products demand and is driven by factors like transparency and safety of formulation. Consumers move away from probably harmful chemicals, synthetic fragrances, and allergens. Brands come in to offer natural ingredients and clear labelling, hence building trust and appealing to the health-oriented customer who cares the most about health using clean and safe products.

Sustainability

As per global skin care products market analysis, the demand is slowly changing towards sustainability, where consumers need eco-friendly products. This involves sustainable sourcing, biodegradable packaging, and cruelty-free practices. It was driven by increased awareness of the environment and a need for ethics in consumption that itself spurs innovation in product development.

Integration of technology

Technology integration into skincare is increasingly becoming key, with brands coming up with smart devices and associated applications. Beginning from skin analysis tools that offer personalized advice to AI-driven formulations, this trend helps users make informed choices to raise the effectiveness bar of their skincare rituals.

Skin care Products Market Trends

Influencers are drastically boosting sales in the skincare products industry through authentic engagement and focused marketing strategies. By sharing videos of their skincare routines, product reviews, and tutorials on platforms such as Instagram, TikTok, and YouTube, influencers build up trust and credibility with their followers. Such a move will help in boosting the growth of the skin  care products market.

Recommendations can often drive brand awareness, increasing traffic to the e-commerce site. Collaborations with skincare brands create a buzz, providing additional incentives for purchasing decisions. Additionally, through their peculiar style and niches, influencers are capable of capturing specific audiences' attention, thereby capturing various segments of consumers to drive sales for brands across this highly competitive skincare landscape.

Global Skin Care Products Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Skincare Products Industry Segmentation

“Skin care Products Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

By type, the market is divided into:

  • Facial Care
    • Cleaners
    • Moisturisers
    • Facial Scrubs, Masks and Packs
    • Oils and Serum
    • Special Creams
    • Others 
  • Body Care
    • Body Lotion
    • Body Wash
    • Others
  • Others

On the basis of ingredient, the market is bifurcated into:

  • Natural
  • Chemical

Based on gender, the market is segmented into:

  • Men
  • Women

By distribution channel, the market is divided into:

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

Market breakup by region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
CAGR 2024-2032 - Market by Country
India 5.6%
China 4.6%
UK 3.8%
USA 3.7%
Germany 3.5%
Canada XX%
France XX%
Italy XX%
Japan 2.9%
Australia XX%
Saudi Arabia XX%
Brazil XX%
Mexico XX%

Skin care Products Market Share

Online Stores To Gain Prominence For Its Shipping And Delivery Convenience

The growing usage of online platforms to reach out to a broader customer base is a recent visible development in the skin care products industry. Savvy firms and dealers are increasingly turning to e-commerce to raise the skin care products industry revenue in the long run. The increased prevalence of organic skin products without synthetically produced additives is yet another significant development witnessed in the global skin care products industry.

Companies are taking advantage of e-commerce sites within the skincare market to build their base of consumers and add convenience for consumers while purchasing at any time from any location. This shift reduces overhead costs associated with physical stores, thus enabling brands to invest more in marketing and product development. In addition, data insights that companies receive from these e-commerce platforms about consumer behaviour are very helpful for tailoring their offerings. The direct-to-consumer model strengthens relationships with customers by offering greater control over branding and helping to improve profit margins in the skin care products industry globally.

Organic Ingredients Are Mostly Preferred By Consumers For Their Transparency And Genuinity

Now and then, brands unveil new skin care goods made with natural or organic ingredients to catch customer interest. Owing to the increasing knowledge of the potential side effects of chemical-based skin care products goods, those products, while pricey, are attracting substantial sales worldwide. The prohibition on animal testing is limiting development in the industry. This has hurt the industry, especially small and medium-sized producers. Also, the selling of pseudo goods at discounted prices is hindering the market.

Global Skin Care Products Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Skin care Products Market Regional Analysis

Rising Disposable Income And Skincare Awareness To Bolster Growth In The Asia Pacific Region

The Asia Pacific region will dominate the global skin care products market, posting the fastest growth and boosting skin care products market revenue. The growth in this region is aided by rising consumer awareness of skincare, an increase in disposable incomes, and the popularity of Korean skincare products. Other than that, expansion in the e-commerce landscape and a trend toward natural and organic ingredients are contributing to the growth in demand. Countries like China, Japan, and South Korea are at the forefront with innovations in products and intense consciousness toward beauty and skincare rituals, making this region one of the most promising budding areas for the growth of this market.

Competitive Landscape

Key players increase the skin care products market share globally through innovative products, investment in sustainability processes, e-commerce platforms, and targeted marketing strategies.

The Procter & Gamble Company

The Procter & Gamble Company was founded in the year 1837 and is headquartered in Cincinnati, Ohio. It designs, manufactures, and sells beauty products, including Olay moisturizers, SK-II luxury skincare, and Herbal Essences hair care. For P&G, innovation and sustainability are the ways to meet consumer needs in the skin care products market.

Unilever Plc

Based in London, UK, Unilever Plc was founded in 1929 and has a broad skincare portfolio of brands that includes Dove, Vaseline, and St. Ives. The company has been very outspoken about ethical sourcing and sustainability while developing innovative solutions to meet the needs of consumers with a wide range of skin needs to drive long-term improvements in overall skin health and boost the overall skin care products market revenues.

Kao Corporation

Kao Corporation was founded in 1887 and is headquartered in Tokyo, Japan. This company has renowned skincare products, such as Biore and Jergens, adding to the list the prestige of the Kanebo brands. Kao would stress on quality and innovation by introducing new technologies that would give maximum efficacy to deliver what customers want for skincare.

Revlon, Inc.

Revlon, Inc. is a New York City-based cosmetics and skin care products company founded in 1932. Added to other skin care products, the company has launched Revlon Moisture Stay and Revlon SkinLights. Having the aim of empowering consumers via beauty and self-expression, the brand is all about bold colours and vibrant products.

Other key players considered in the global skin care products market report are the Estée Lauder Companies Inc., Beiersdorf AG, New Avon Company, L'Oréal S.A., among others.

Key Highlights of the Report

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:

  • Type
  • Ingredient
  • Gender
  • Distribution Channel
  • Region
Breakup by Type
  • Facial Care
  • Body Care
  • Others
Breakup by Ingredient
  • Natural
  • Chemical
Breakup by Gender
  • Men
  • Women
Breakup by Distribution Channel
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Speciality Stores
  • Online
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • The Procter & Gamble Company
  • Unilever Plc
  • Kao Corporation
  • Revlon, Inc.
  • The Estée Lauder Companies Inc.
  • Beiersdorf AG
  • New Avon Company
  • L'Oréal S.A.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

Skin Care Products Market Report Snapshots

Skin Care Products Market Size

Skin Care Products Market Growth

Skin Care Products Market Trends

Skin Care Products Market Share

Skin Care Products Companies

Skin Care Products Market Regional Analysis

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Looking for specific insights?

Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!

Key Questions Answered in the Report

In 2023, the global skin care products market attained a value of nearly USD 167.44 billion.

The market is projected to grow at a CAGR of 4.2% between 2024 and 2032.

The major drivers of the market are the increasing expenditure on skincare, rising disposable incomes, and increasing investments in research and development (R&D) activities aimed at producing new products.

The key trends of the market include the increasing sales of skin care on e-commerce platforms, the rising utilisation of organic skincare, and the rising use of natural ingredients in skin care.

The major regions in the market are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

The various types of skin care products considered in the market report are facial care and body care, among others.

The major ingredients of skin care products considered in the market report are natural and chemical.

The significant segments based on gender considered in the market report are men and women.

The various distribution channels in the market are hypermarkets/supermarkets, convenience stores, speciality stores, and online, among others.

The 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., among others.

The market is expected to attain a value of USD 241.92 billion by 2032.

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Strategic Solutions for Informed Decision-Making

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

We’re here to help answer any questions about our products and services.

Contact us

Our Offices


Australia

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

India

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

Philippines

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.

+63 287899028, +63 967 048 3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124