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Global Skincare Products Market to Grow, Thanks to Increasing Demand for Male Skin Care Products

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Published on : Jul 15, 2016

ALBANY, New York, July 15, 2016: ResearchMoz.us has announced the addition of the “Global Skincare Products Market 2016-2020” report to its offering. This study presents a thorough analysis, comprising the market snapshot and the major application areas of the global skincare market. A detailed qualitative analysis of the factors stimulating and inhibiting the growth of this market is also presented. In addition, the market attractiveness and Porter’s five forces analysis have been compiled under this study. Shares held by the chief players operating in this market are also calculated in this report.

This report starts by presenting the introduction and overview section of the global skincare market. As stated in the report, the global skin care products market is predicted to expand at a 4.91% CAGR between 2016 and 2020. The industry of cosmetics has underwent a lot of development in the past few years and the skin care market is amongst the most profitable category within the cosmetic industry. Skin care products having medicinal herbs or natural ingredients are being preferred in a number of nations globally. Various companies have been introducing retail and online platforms to purchase a variety of skin care products. 

In the next part, the global skin care products market is segmented on the basis of type and geography. In terms of type, the market is categorized into body lotions and face creams. Of these, the segment of face creams leads the market with a share of approximately 70% and is predicted to maintain its superiority in the forecast horizon. The segment of face cream is further segmented into anti-aging, sun protection, and skin brightening products. This segment is gaining popularity due to the increasing online retail and the increasing count of working females globally.

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Geographically, the report segments the market into Europe, North America, Asia Pacific, and Rest of the World (RoW). Of these, the Asia Pacific skincare market is predicted to lead with a share of over 42% on the basis of revenue. This is owing to the growing demand for skin whitening creams within nations such as that of India, Japan, and China. 

In the next section of the study, the major dynamics influencing the growth of this market have been covered. The soaring demand for organic, anti-aging and natural products is a prime factor propelling the growth of the global skincare products market. In addition, the increasing demand for male skin care products will also positively impact the development of this market. The growing demand for multifunctional skincare products is a major trend seen in this market. However, the growing side effects of some of the skin care products and the increasing threat encountered from replicas or fake products may impede the growth of this market. In addition, the increasing count of regulations of product labeling and packaging may also pose a negative impact on the skincare products market.

According to the report, some of the major vendors in the market are Avon Products, Beiersdorf, Este Lauder, L'Oral, P&G, Unilever, AmorePacific, Amway, and Aveda, among others.

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