USD 129.73 billion
Global Cosmetic Skin Care Market Size, Share, Growth Analysis, By Product(Cleansers, moisturizers), By Distribution Channel(Offline and online channels) - Industry Forecast 2024-2031
Report ID:
SQMIG30L2178 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
63 |
Figures:
75
Global Cosmetic Skin Care Market Insights
Cosmetic Skin Care Market size was valued at USD 129.73 billion in 2021 and is poised to grow from USD 135.83 billion in 2022 to USD 196.14 billion by 2030, at a CAGR of 4.7% during the forecast period (2023-2030).
Personalization and customization have become essential in capturing the attention of discerning consumers, who expect tailored solutions for their unique skin concerns.
Additionally, the market has witnessed a surge in wellness-oriented skincare, where brands incorporate ingredients that promote relaxation and mental well-being. E-commerce has played a pivotal role in driving accessibility and global reach, allowing consumers to explore a vast array of products at their fingertips.
The convergence of technology and skincare has given rise to innovative beauty tech devices and digital skin analysis tools, enhancing consumer experiences and decision-making. As the cosmetic skin care market continues to evolve, brands must embrace inclusivity, diversity, and sustainability to establish a strong foothold and delight beauty enthusiasts seeking holistic, effective, and conscious skincare solutions.
Collaborations between cosmetic giants and influencers, as well as cross-industry alliances, add an element of surprise, fueling excitement and brand loyalty. As this captivating landscape evolves, the journey to cosmetic excellence continues to unfold, where innovation, storytelling, and adaptability blend seamlessly, creating an enchanting symphony of beauty products that leave consumers spellbound and yearning for more. In this ever-changing cosmos of beauty, only the most agile and creative contenders will emerge as victors, embracing the essence of eternal allure in the global cosmetic skin care market.
US Cosmetic Skin Care Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
offline channel
Fastest Growth
offline channel
Growth Rate
4.7% CAGR
Global Cosmetic Skin Care Market ($ Bn)
Country Share for Asia Pacific Region (%)
Global Cosmetic Skin Care Market By Distribution Channel ($ Bn)
Global Cosmetic Skin Care Market By Distribution Channel (%)
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Global Cosmetic Skin Care Market Segmental Analysis
The global cosmetic skin care market is segmented by product type, distribution channel, and region. By product type, the market is segmented into cleansers, moisturizers, sunscreens, anti-aging products, and others. By distribution channel, the market is segmented into offline and online channels. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Cosmetic Skin Care Market Analysis By Product
In the dazzling world of beauty and self-care, the global cosmetic skin care market stands as a shining gem, gleaming with countless opportunities. Among the various captivating product types that make up this flourishing market, two segments stand out, each exuding its unique allure. The largest segment, without a doubt, is the "moisturizers" category. Like a gentle rain on parched land, moisturizers hydrate and nourish the skin, leaving behind a radiant, supple glow.
However, amidst the fierce competition, one segment has emerged as the "fastest growing" star: the anti-aging products category. In an era where eternal youth is the ultimate quest, these products offer the promise of timeless beauty. The magic of these segments lies in their ability to touch the hearts of consumers, offering not just physical transformation but also a potent emotional connection. Moisturizers quench the skin's thirst for nourishment, while anti-aging products offer hope and confidence in the pursuit of eternal allure. As this dynamic market continues to captivate beauty enthusiasts worldwide, it beckons entrepreneurs and investors to join its enchanting journey of growth and prosperity.
Cosmetic Skin Care Market Analysis By Distribution Channels
Embark on a mesmerizing journey through the alluring realms of the global cosmetic skin care market, where distribution channels play a pivotal role in shaping the landscape of beauty. Among the enchanting choices that adorn this market, two segments reign supreme, each weaving its own spell of success. Behold the grandeur of the largest segment, the offline channel. Like a resplendent brick-and-mortar palace, offline channels have cast their spell across the globe, capturing a majestic market share of 75%. With their tangible allure, personalized consultations, and instant gratification, these channels have stood the test of time, drawing beauty enthusiasts into their opulent embrace.
But amid this grandeur, emerges a rising star, the online channel, fast becoming the darling of the industry. With an electrifying growth rate of 15% - a testament to its boundless potential - the online channel weaves a digital tapestry that seduces modern consumers with convenience, variety, and doorstep delivery. Its spellbinding allure lies in the seamless shopping experience it bestows upon beauty seekers, transforming the act of purchasing cosmetics into an enchanting virtual adventure.
Global Cosmetic Skin Care Market By Distribution Channel, 2023 (%)
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Global Cosmetic Skin Care Market Regional Insights
Welcome to the enthralling tapestry of the global cosmetic skin care market, where regional nuances paint a vivid portrait of beauty's global allure. Amidst the diverse landscapes of enchantment, two regions stand out, each adding their unique hues to this captivating canvas. Behold the reigning dominion of the "Asia-Pacific" region, where beauty is elevated to an art form, and skincare rituals are woven into the very fabric of life.
Yet, on the horizon, emerges a radiant star - the "Middle East and Africa." Like a captivating oasis of growth, this region surges forward with an awe-inspiring CAGR of 12%. Here, beauty aficionados are drawn to the allure of opulent self-indulgence, where skincare becomes a transformative journey of self-care and empowerment. The region's exponential rise is fueled by a burgeoning population, a burgeoning middle class, and an unwavering thirst for the latest beauty innovations. As we traverse these enchanting realms, the Asia-Pacific reigns supreme with its rich heritage of beauty wisdom, while the Middle East and Africa dazzles as the fastest growing region, embracing a future of boundless possibilities. Embark on this bewitching expedition through the global cosmetic skin care market, where each region casts its own spell, weaving a tale of radiant beauty and limitless potential.
Global Cosmetic Skin Care Market By Geography, 2024-2031
- Largest
- Fastest
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Global Cosmetic Skin Care Market Dynamics
Cosmetic Skin Care Market Drivers
Increasing Beauty Consciousness
- Rising awareness about personal appearance and grooming, driven by media influence and social trends, propels the demand for cosmetic skin care products. Consumers seek effective solutions to enhance their skin health and maintain youthful radiance.
Growing Disposable Income
- As economies thrive, disposable incomes of consumers increase, enabling them to allocate a larger share of their earnings to skincare and beauty products. This financial empowerment fuels the market's expansion, especially in emerging economies.
Cosmetic Skin Care Market Restraints
Allergic Reactions and Side Effects
- Some cosmetic skin care products may cause allergic reactions or side effects in certain individuals. This leads to consumer caution and decreases trust in certain brands or ingredients, impacting overall market growth.
Sustainability Concerns
- As environmental consciousness rises, consumers seek eco-friendly and sustainable skincare options. Brands that fail to align with sustainability efforts may face resistance from environmentally-conscious consumers.
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Global Cosmetic Skin Care Market Competitive Landscape
The competitive landscape of the global cosmetic skin care market is a captivating battlefield where beauty behemoths and emerging innovators vie for supremacy. As consumers' pursuit of flawless skin intensifies, companies strive to outshine one another through a myriad of distinctive features and strategies. Firstly, product innovation reigns as the crown jewel in this realm. Industry leaders relentlessly invest in research and development, unearthing revolutionary ingredients and groundbreaking formulations that promise unparalleled results. From organic and natural offerings to cutting-edge anti-aging technologies, each brand endeavors to carve its niche, leaving a trail of enchanting possibilities in its wake. Secondly, branding and marketing prowess emerge as the magical enchanters, weaving captivating narratives that resonate with beauty enthusiasts worldwide.
Cosmetic Skin Care Market Top Player’s Company Profiles
- L'Oréal S.A. - France
- The Procter & Gamble Company - United States
- Unilever PLC - United Kingdom
- Estée Lauder Companies Inc. - United States
- Johnson & Johnson - United States
- Shiseido Company, Limited - Japan
- Beiersdorf AG - Germany
- Amway Corporation - United States
- Colgate-Palmolive Company - United States
- Kao Corporation - Japan
- Avon Products, Inc. - United Kingdom
- Mary Kay Inc. - United States
- Revlon, Inc. - United States
- Clarins Group - France
- The Body Shop International Limited - United Kingdom
- Natura &Co Holding S.A. - Brazil
- Oriflame Cosmetics AG - Sweden
- Coty Inc. - United States
- Amorepacific Corporation - South Korea
- Innisfree Corporation - South Korea
Cosmetic Skin Care Market Recent Developments
- In March 2023, the world-renowned beauty conglomerate, L'Oréal, unveiled an exciting addition to its exquisite range of offerings - a cutting-edge line of anti-aging skin care products.
- In June 2023, Estée Lauder Companies unveiled an exciting revelation that has sent ripples of anticipation through the beauty industry - the launch of a remarkable new line of natural and organic skin care products.
Global Cosmetic Skin Care Key Market Trends
Emphasis on Preventative and Proactive Skincare
- Consumers are adopting a preventive approach to skincare, seeking products that protect the skin from environmental damage and premature aging. Anti-pollution and antioxidant-rich formulations are gaining popularity.
Wellness and Self-Care Focus
- Skincare is increasingly seen as a holistic part of overall wellness and self-care. Brands are incorporating ingredients that promote relaxation, stress reduction, and mental well-being to align with consumers' self-care rituals.
Global Cosmetic Skin Care Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global cosmetic skin care market has emerged as a vibrant and dynamic industry, fueled by a perfect blend of ever-evolving consumer preferences and technological advancements. With a growing emphasis on personal grooming, beauty consciousness, and self-care, the market has witnessed steady expansion over the years. Key analysis reveals that the demand for natural and clean beauty products is on the rise, with consumers seeking safe and eco-friendly formulations.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 129.73 billion |
| Market size value in 2031 | USD 196.14 billion |
| Growth Rate | 4.7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Cosmetic Skin Care Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Cosmetic Skin Care Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Cosmetic Skin Care Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Cosmetic Skin Care Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Cosmetic Skin Care Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Cosmetic Skin Care Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Cosmetic Skin Care Market Report Snapshots
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