Global skin care products market is anticipated to grow at a considerable CAGR of 8.4% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increasing awareness and prioritization of skincare and personal grooming among consumers globally. The increasing millennial population globally is generating huge demand for personalized skincare products. Additionally, the rising trend for skin specific products is promoting key players to introduce new products in the market to lure a large number of customer interest. For instance, in January 2024, Makeup Revolution, the UK-born beauty brand for the masses, expands their complexion portfolio with the introduction of two revolutionary launches – Skin Silk Serum Foundation and Bright Light Face Glow. Both of these much-anticipated complexion launches are set to refresh beauty routines for all, providing innovative and multifunctional formulas that will be available at Ulta and Target, respectively.
Further, in March 2023, M-A-C Cosmetics, a subsidiary of Estée Lauder, unveiled Locked Kiss Ink, a new line of lip inks. The company asserts that this product offers exceptional longevity and comfort. Similarly, in January 2023, M-A•C Cosmetics introduced Hyper Real Skincare, a series of skincare items including serums, cleansing creams, and cleansers. The collection promises to enhance makeup durability while reinforcing and hydrating the skin barrier. Each product in this range features extracts derived from Japanese peonies.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Type
- By Category
- By Distribution Channel
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- includes Amorepacific Corp., LVMH, Procter & Gamble, Unilever PLC, Colgate-Palmolive Co., and others.
Skin Care Products Market Report Segment
By Type
- Facial Care
- Lip Care
- Body Care
By Category
- Premium Skincare Products
- Mass Skincare Products
By Distribution Channel
- Supermarkets & Hypermarkets
- Convenience Stores
- Pharmacy & Drugstore
- Others (Online)
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Skin Care Products Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Amway Inc.
- Avon Products Inc. (The Avon Company)
- Beiersdorf AG
- Clarins (Clarins Pte Ltd.)
- Clinique Laboratories, llc.
- Colgate-Palmolive Co.
- Coty Inc.
- The Estée Lauder Companies
- Johnson & Johnson Services, Inc.
- Kao Corp. (Kao group)
- L’Oréal’s
- MAKE-UP ART COSMETICS.
- Natura & Co
- Oriflame Cosmetics AG
- Revlon Inc. (Modi-Mundipharma Beauty Products Pvt. Ltd.)
- Shiseido Co., Ltd.
- The Estee Lauder Company Inc. (ELCA Cosmetics Pvt. Ltd.)
- Unilever PLC
- VLCC
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