Global Skin Care Products Market 2016-2020

This market research report presents a detailed segmentation of the global skin care products market by type (face creams and body lotions) and geography (APAC, Europe, North America, and ROW). The research report also outlines the market shares of key vendors including Avon, Beiersdorf, Estée Lauder, LOréal, P&G, and Unilever.

Global market outlook for skin care products

Technavio’s market research analyst predicts the global skin care products market to grow at a CAGR of around 5% by 2020. At present, the market is witnessing huge demand for skin lightening products.  Consumers use skin lightening products as they reduce pigmentation of the skin and hide scars, discoloration, acne marks, and age spots. These products are also used to treat medical conditions such as melasma, hyperpigmentation, vitiligo, and rosacea. The demand for skin lightening products is specifically high in APAC, Africa, and the Middle East due to traditional associations of fair skin tones as beauty enhancement. Vendors have also come up with skin care products that have UV absorbers to protect the skin from UV rays and reduce tanning. Growing use of natural and organic ingredients in skin care products will augment the application of these beauty products in the coming years.

Consumers are opting for products that do not contain synthetically derived chemicals, which has propelled vendors to launch beauty care products that contain ingredients derived from natural and organic sources. Manufacturers are introducing natural skin care products that are formulated using unique ingredients to gain consumer interest. These products are usually high-priced and cater to the needs of specific strata of the society. For instance, Rodial launched the Bee Venom & Placenta 24 Carat Ultimate Crème that moisturizes and counteracts aging with its nano-peptides bound in 24 carat gold. It contains protein extracts from sheep placenta and bee venom to encourage elastin and collagen production in the skin, and reduce wrinkles. Similarly, Bioactive Skincare's Organic Snail Gel is developed using snail mucus to treat skin inflammation.

Segmentation by type and analysis of the skin care products market

• Face creams
• Body lotions

Face creams occupy around 70% of the overall market share of this global beauty care products industry and is expected to continue its dominance during the forecast period. Face creams include skin brightening, anti-aging, and sun protection products which are used to enhance the skin quality, rejuvenate the cells, prevent wrinkles, and brighten the skin. With growing number of working women worldwide and availability of beauty care products online, this segment is expected to witness significant growth in the coming years.

Geographical segmentation and analysis of the skin care products market

• APAC
• Europe
• North America
• ROW

According to this research report on the skincare products market, APAC will be the largest revenue contributing region in this global skin care market and is expected to occupy more than 42% of the overall market share. Much of this region’ growth can be attributed to the high demand for skin whitening creams, particularly in countries like India, China, and Japan. The highly dense population in the region, coupled with the rising demand for personal grooming products among both male and female consumers, will drive the growth of the skin care products market in the region over the next four years.

Competitive landscape and key vendors

This global skincare market is highly competitive, where many vendors compete on the basis of product differentiation, quality, and pricing. Vendors are expanding their businesses to emerging markets such as Central and South America and APAC. As the market is dominated by the well-established players, the entry of new players will be restricted over the forecast period. Moreover, the market is expected to witness a huge rise in the strategic partnerships and M&As in the coming years.

Leading vendors in the market are -

• Avon
• Beiersdorf
• Estée Lauder
• L'Oréal
• P&G
• Unilever

Other prominent vendors in the skin care products market include AmorePacific, Amway, Aveda, BABOR, Bioderma Laboratory, Clarins, DS Healthcare Group, Lotus Herbals, Mary Kay, Missha, Nature Republic, NeoStrata, Oriflame, Rachel K Cosmetics, Revlon, Skin Food, Skinvisible, Shiseido, and Thalgo.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global skin care products market?
• What are the key market trends impacting the growth of the global skin care products market?
• What are the challenges to market growth?
• Who are the key vendors in the global skin care products market?
• What are the market opportunities and threats faced by the vendors in the global skin care products market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global skin care products market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Night Skin Care Products Market 2016-2020
• Global Personal Care Ingredients Market 2016-2020
• Global Sun Care Products Market 2016-2020
• Global Tightening Cream Market 2016-2020
• Global Professional Skincare Market 2015-2019