USD 130.5 billion
Global Professional Skincare Market Size, Share, Growth Analysis, By Product Type(Creams, Lotions), By Skin Type(Neutral skin, Dry skin), By Price Range(Economy, Mid-Range), By Composition(Organic/Natural, Conventional), By Distribution Channel(Offline retail stores (Direct Sales, Supermarkets/Hypermarkets) - Industry Forecast 2024-2031
Report ID:
SQSG30L2041 |
Region:
Global |
Published Date: February, 2024
Pages:
260
|
Tables:
152 |
Figures:
78
Global Professional Skincare Market Insights
Professional Skincare Market size was valued at USD 130.5 billion in 2019 and is poised to grow from USD 136.35 billion in 2023 to USD 196.2 billion by 2031, growing at a CAGR of 4.6% in the forecast period (2024-2031).
The skincare sector is regarded as one of the world's emerging markets. Given that the skin is a vital organ of the human body and is exposed to the outside environment, there is an increasing level of awareness regarding the need of maintaining good skin. Professional skincare products are more effective because they are designed specifically for different skin types and conditions. To meet the skin's unique needs, professional skin care products are used. Numerous skin issues, such as burns, scars, patchy skin, itchy skin, dry skin, and other skin ailments are addressed by these products. In addition, the effects of UV rays and other environmental variables on the skin compel people to use skincare products. In the professional skincare market, researchers, aestheticians, and dermatologists with in-depth product knowledge are typically involved.
US Professional Skincare Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Creams
Fastest Growth
Creams
Growth Rate
4.6% CAGR
Global Professional Skincare Market 2022-2028 ($ Bn)
Country Share for Asia-Pacific Region- 2021 (%)
Global Professional Skincare Market Size By Skin Type 2022-2028 ($ Bn)
Global Professional Skincare Market Size By Skin Type 2022-2028 (%)
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Global Professional Skincare Market Segmental Analysis
The Global Professional Skincare Market is segmented based on product type, skin type, price range, composition, distribution channel, and region. Based on Product Type, Professional Skincare Market is categorized into Creams, Lotions, Powders, Sprays, and Masks. Based on Skin Type, Professional Skincare Market is categorized into Neutral skin, Dry skin, Oily skin, Mixed skin, and Sensitive skin. Based on Price Range, Professional Skincare Market is categorized into Economy, Mid-range, and Premium. Based on Composition, Professional Skincare Market is categorized into Organic/Natural and Conventional. Based on the Distribution Channel, Professional Skincare Market is categorized into Offline retail stores and Online retail stores. The Offline retail stores segment is further sub-segmented into Direct Sales, Supermarkets/Hypermarkets, Departmental Stores, Convenience stores, Specialist stores, and Mono-brand Stores. Based on region, Professional Skincare Market is categorized into North America, Europe, Asia Pacific, The Middle East and Africa, and Latin America.
Professional Skincare Market Analysis by Product Type
On the basis of product type, the creams segment is currently dominating the global professional skincare market. The majority of customers favor creams over other treatments because there are more cream varieties available for a variety of skin-related issues. Creams are anticipated to hold a significant proportion as they have a variety of uses, including moisturizing, brightening, removing tanning, reducing oil, removing dark circles, night cream, and sun protection.
On the other hand, the powder and lotion segments are also expected to show significant growth over the forecast period. Consumers frequently employ powders. According to skin-related issues like rashes and allergies, many types of powders are accessible. Due to its use as a skin treatment for acne and blackheads, as well as its practical role in reducing skin irritation, the powder market is also anticipated to have a sizable position. Additionally, lotions have also grown in popularity among users because of their important functions in nourishing the skin and preventing sunburns and tanning.
Global Professional Skincare Market By Skin Type, 2021 (%), 2023 (%)
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Global Professional Skincare Market Regional Insights
Based on the region, the Asia Pacific region currently dominates the global professional skincare market. In 2021, Asia Pacific had the highest revenue share of more than 35%. This is due to the region's rising standard of living, expanding working-class population, and rising purchasing power of the people. The growth of the chemical sector in China and India, both of which have government support, is anticipated to assure ongoing access to raw materials for producers of skincare products and, as a result, to positively impact the Asia Pacific market throughout the projection period. In terms of consumption as well as production, China is one of the key nations assisting the expansion of the global market for cosmetics and skin care goods. Additionally, a number of government initiatives are boosting the nation's demand for skin care goods. Additionally, increased access to a wide variety of brands and rising awareness of skin nutrition products are likely to drive the skincare market growth in Asia Pacific.
Europe is another region that has significant market share in the global professional skincare market. On the international professional skincare market, Europe is expected to maintain a sizable market share. Both men and women in Europe are more focused on enhancing their overall skin condition because they care more about how they seem. Additionally, the stronger presence of important competitors operating in the professional skincare market and the larger purchasing power of the local population in the area are both contributing to the industry's growth.
Global Professional Skincare Market By Geography, 2022-2028, 2024-2031
- Largest
- Fastest
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Global Professional Skincare Market Dynamics
Professional Skincare Market Drivers
- Increasing awareness of skin-related issues and increasing importance of skincare: Global air pollution is a significant factor causing various skin related problems. Wrinkles, early skin aging, and the development of spots are a few of the harmful impacts of air pollution on human health. The demand for professional skin care solutions that can counteract the impacts of increased air pollution on the skin has increased. Toxic vapors are a serious and widespread form of air pollution, and their effects are harsh on the skin. Metropolises like Liverpool, London, Berlin, Hamburg, New York, and San Francisco, as well as heavily polluted Asian cities, are blatant examples of how poisonous gasses affect individuals. Skin aging is primarily brought on by toxic gasses. Hives and eczema are two other skin disorders that have been connected to air pollution. Pollutants in the air are known to contribute to skin aging as well as acne, psoriasis, rosacea, ichthyosis, vitiligo, and seborrheic dermatitis. Leading makers of professional skin care products are being prompted by the negative impact of air pollution on skin to concentrate more on preventative measures.
Professional Skincare Market Restraints
- Consumers still favor conventional skincare products and age-old home treatments over specialized skin care products, particularly in developing nations. The restricted reach of organized retail in poor countries further hinders the low uptake of professional skincare products. In developing nations, the majority of customers choose DIY skincare products over going to a professional. In addition to professional skincare products, there are a number of other skin-related products on the market (such as organic products and various consumer category cosmetic products) that customers choose. Then there are a lot of local, little businesses that operate in different areas and sell skincare goods there for considerably less money than the major retailers who, for the most part, sell expensive, professional skincare products.
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Global Professional Skincare Market Competitive Landscape
The professional skincare industry is highly fragmented due to the existence of several domestic and foreign companies in the worldwide market. Manufacturers are putting more of an emphasis on providing items with sustainable ingredients, such as vegan and organic goods, as well as eco-friendly packaging options to lower their carbon impact. Manufacturers are concentrating on employing different botanical extracts as raw materials in order to draw in customers and satisfy the growing consumer demand for safe and less hazardous products.
Professional Skincare Market Top Players Company Profiles
- L'Oréal S.A.
- Unilever PLC
- The Procter & Gamble Company
- Estée Lauder Companies Inc.
- Johnson & Johnson Services Inc.
- Shiseido Company Limited
- Beiersdorf AG
- Clarins Group
- Kao Corporation
- The Body Shop International Limited
- Colgate-Palmolive Company
- Amorepacific Corporation
- Avon Products Inc.
- Coty Inc.
- Revlon Inc.
- Mary Kay Inc.
- Elizabeth Arden Inc.
- Oriflame Cosmetics Global SA
- Henkel AG & Co. KGaA
- Chanel S.A.
Professional Skincare Market Recent Developments
- In July 2022, The Estée Lauder Companies and NYKAA collaborated to create BEAUTY&YOU INDIA: Encouraging the Next Generation of Indian Beauty Entrepreneurs.
Global Professional Skincare Key Market Trends
- Increasing technological advancements in the professional skincare industry: Skincare products have benefits including softening the skin and renewing cells, which contribute to a youthful appearance. The advances in artificial intelligence (AI) and IoT-based products that give individualized skin nutrition solutions to individuals is gaining major traction in the beauty and personal care market, and this is likely to increase product demand.
Global Professional Skincare Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to the analysis, the global professional skincare market is currently led by countries in the Asia Pacific region, due to the region's rising standard of living, expanding working-class population, and rising purchasing power of the people in this region. Along with this, the creams segment is projected to lead the market mainly due to the various benefits associated with them such as moisturizing, brightening, removing tanning, reducing oil, and removing dark circles among others, over the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 130.5 billion |
| Market size value in 2031 | USD 196.2 billion |
| Growth Rate | 4.6% |
| 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:-
|
| Historical Year | 2019 |
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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 Professional Skincare 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 Professional Skincare 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 Professional Skincare 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 Professional Skincare 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 Professional Skincare Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Professional Skincare 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 Professional Skincare Market Report Snapshots
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