Published on : Feb 16, 2016
The global market for skin care products has been witnessing a surge in its valuation over the last decade, thanks to the rapid increase in the demand for skin care products in the global arena. The growing interest of people across the world in grooming and personality development has driven the worldwide skin care products market significantly. In addition to this, the accelerating demand for organic personal care, skin glowing, and anti-aging cosmetic products is likely to stimulate the global skin care product market in the near future.
Asia Pacific to Maintain Lead
Asia Pacific has been leading the global skin care products market over the past few years and is anticipated to retain its position in the coming years. The large population base, together with the increasing interest of consumers in beauty and wellness is boosting the skin care products market in this region.
China, Japan, and India are the key domestic market for skin care products in Asia Pacific. Among these, India is anticipated to report the fastest growth in the Asia Pacific skin care products market in the near future.
Middle East and Africa to Report Fastest Growth Rate
The Middle East and Africa region is projected to register the fastest growth rate in the worldwide market for skin care products over the next few years. In this region, South Africa has been leading the market for skin care products and is likely maintain its leadership in the forthcoming years. The rapid increase in the awareness regarding the benefits of skin care products among consumers, coupled with the augment in the working population base, is anticipated to boost the demand for skin care products in this country.
Procter & Gamble, Kao Corp., Shiseido Co. Ltd., Unilever PLC, Johnson & Johnson, The Estee Lauder Co. Inc., L'Oréal S.A., Avon Products Inc., Beiersdorf AG, and Colgate-Palmolive Co. are some of the major skin care products makers across the world.