Market Research Report
Global Skincare Products Market -2019-2026
|Published by||DataM Intelligence||Product code||906014|
|Published||Content info||130-180 Pages
Delivery time: 1-2 business days
|Global Skincare Products Market -2019-2026|
|Published: August 1, 2019||Content info: 130-180 Pages||
The Global Skincare Products market is expected to grow at a CAGR of XX% to reach a market value of USD XX million by 2026.Due to product innovation and product line extension by the major players of the market. In addition to rising internet penetration all around the world is driving the market.
The report covers all the major trends and drivers playing a key role in the growth of the Skincare Products market.
Skincare Products are substances that are used for the personal care of skin.Many skincare products are designed for use of applying to the face and body. They are generally mixtures of chemical compounds; some being derived from natural sources (such as coconut oil), and many synthetic or artificial.They are actually used for enhancing appearance and relieving skin conditions.
The global Skincare Products is primarily driven by rising product innovations and product line extension by the major players of the market. With the extension of the product line and the rising internet penetration all around the world. The internet penetration is helping create awareness for these skincare products to people. The rising concerns for skin and maintaining good looks by the people will also driving the market for skincare products.
The rising innovation and the increasing demand of all natural's and organic products by people will also drive the market for the skincare products in the forecast period. Companies are continually working on new innovation of natural products and are catering to the needs of people by new launches in this line.
For instance,Bema Cosmetics, an Italian manufacturer of natural and organic cosmetics has launched their Blue Defence Face Line & Solar Tea Sun Protection for face. The Blue Defence Face Line is specific for mature skin with lifting effect that perfects the first signs of time. The Solar tea products contain mineral filters and vegetal extracts, for a total safe tanning in May 2018.
However, due to availability of counterfeit products and also several regulations of the government pertaining to labelling and packaging is hampering the growth of Skincare Products.
By Product type, the global Skincare Productsmarket is segmented into facial care products and body care products.Facial care productshave the dominant position in the Skincare Productsmarket and is expected to retain its dominance in the forecasted period due to large number of product line catering to the various needs like anti-aging products, suns cream, then various makeups for maintaining their facial charm. However, body care products are also gaining the market due to the demand and the awareness among the people for skin care and hence market will increase with rapid rate in the forecast period. It is expected that facial care productsmarket will grow at a CAGR of ~XX% during the forecast period.
By Distribution Channel, the global Skincare Products market is segmented into Online distribution channel and Offline distribution channel. Offline distribution channel has the dominant position in the Skincare Products market due to the rising supermarkets and hypermarket giving excess to consumers easily all around the world. Although with the e-commerce rise, the online distribution channels market share grows with higher CAGR in the forecast period.
By geography, the global Skincare Productsmarket is segmented into North America, Asia-Pacific (APAC), Europe, South America, and Middle East and Africa (MEA).
In 2018, APAC accounted for the majority share in skincare products market. Factors such as rise in the internet penetration with growing population in the countries like India and China are the main driver for the region in the forecast period. Europe is after APAC in terms of market share of Skincare Products due to the rise in the supermarket and hypermarket culture backed by rise in disposable income of people will be the major drivers for skincare product market in the region.
With investment and development in Eastern Europe are constantly growing. Poland is entering its third decade of dynamic growth with new overseas retailers and luxury skincare brands entering the market with thirty new global brands setup operations in the country last few years. There is retail boom in Russia as 63 new complexes in 40 Russian cities have been completed. There is positive attitude in Western Europe of investment in outdated shopping centers to allow retailers to expand locally.
Key players are adopting strategies such as investing in R&D,new product launches, expansion in distribution channels to stand out as strong competitors in the market. Global Skincare Products is a competitive market with the presence of various global and regional players in the market. The major playersBeiersdorf, Estee Lauder, LVMH, Coty Inc., and L'OREAL. Other key players in the market include Procter & Gamble (P&G), Unilever, Johnson & Johnson Services, Avon Products Inc., Kao Corporation, Shiseido Company, The Natura &Co, Revlon, Inc., The Clorox Company, and Nature's Brands, Inc.
In February 2019, Garnier and GoodPlanet Foundation's join hands under a three-year joint venture to bring nature into skincare.
In October 2018, Premium organic skincare brand Ikkai launched in India.Ikkai offers an innovative range of skin care products that are made with naturally sourced ingredients and enzymes.