Skincare Products Market by Product, Product Specification, Distribution Channel, and Geography - Forecast and Analysis 2020-2024

  • Published: Oct 2020
  • Pages: 120
  • SKU: IRTNTR41014
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The skincare products market size has the potential to grow by USD 50.04 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.39%. 

This report provides a detailed analysis of the market by product (face skincare products and body skincare products), distribution channel (offline and online), product specification (skin brightening products, anti-aging skincare products, sun protection products, moisturizers, and others), geographic landscape (APAC, Europe, North America, South America, and MEA), and key vendors. 

Market Overview

Skincare-Products-Market-Market-Size-2020-2025

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Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Beiersdorf AG
  • CHANEL Ltd.
  • Groupe Clarins
  • Johnson & Johnson Services Inc.
  • LOreal SA
  • Procter & Gamble
  • Revlon Consumer Products Corp.
  • Shiseido Co. Ltd.
  • The Estee Lauder Companies
  • Unilever PLC

 

The skincare products market is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as the growing population in the age group of 30-50 years to achieve growth opportunities. However, factors such as stringent regulations will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the skincare products market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This skincare products market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Skincare Products Market: Key Drivers and Trends

  • Growing population in the age group of 30-50 years is one of the major factors driving the skincare products market growth.
  • The rise in the middle-aged population is increasing the adoption of skincare products.
  • Several manufacturers are offering skincare products, specifically for the middle-aged population.
  • The youth population, under the age of 30 years, is opting for products such as anti-aging creams and skincare lotions as a part of their skincare regimen to look young and retain their youthful looks.
  • The increasing adoption of beauty and skincare products among the youth population is contributing to the growth of the skincare products market.
  • Rapid urbanization is one of the key skincare products market trends.
  • Focus on aesthetic appearance, beauty consciousness, and cosmetic procedures are becoming important among individuals mainly due to the rapid urbanization in developing countries.
  • The increasing research into the field of cosmetology as well as awareness about skincare products such as exfoliating cleansers and skin firming night creams have led to the growth of the market.
  • People are increasingly spending on personal care due to the rise in disposable income levels.
  • The rapid urbanization taking place in developing countries is also leading to changes in the lifestyle patterns of people and leading to higher awareness and adoption of skincare products. Thus, rapid urbanization and increasing disposable incomes will contribute to market growth.

 

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Skincare Products Market: Segmentation by Geography

Skincare-Products-Market-Market-Share-by-Region-2020-2025

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48% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for skincare products in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rising demand for multifunctional skincare products is one of the prime factors that will facilitate the skincare products market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Skincare Products Market: Segmentation by Product

Skincare-Products-Market-Market-Share-by-Product-2020-2025

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Face skincare products are popular as there is a rise in indulgence in facial skincare regimes. Also, vendors are constantly introducing improved products that protect, hydrate, tighten, and replenish facial skin and fight wrinkles. Products that offer a blemish-less appearance to the skin have gained significant popularity. Other factors that contribute to the growth of the segment include the increase in the older population and advances in the technology used in manufacturing facial skincare products. Therefore, the growth of the market is expected to be significant during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the skincare products market size. Fetch actionable market insights on post COVID-19 impact on each segment.   

 

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Skincare Products Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive skincare products market growth during the next five years
  • Precise estimation of the skincare products market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the skincare products industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of skincare products market vendors

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Skincare Products Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2021-2025

$ 50.04 billion

Market structure

Fragmented

YoY growth (%)

5.01

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 47%

Key consumer countries

China, US, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Beiersdorf AG, CHANEL Ltd., Groupe Clarins, Johnson & Johnson, Revlon Inc., Shiseido Co. Ltd., The Estee Lauder Companies Inc., The Procter & Gamble Co., and Unilever Group

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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Executive Summary

    Market Landscape

    • Market ecosystem

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019-2024

    Five Forces Analysis

    • Five Forces Summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Face skincare products - Market size and forecast 2019-2024
    • Body skincare products - Market size and forecast 2019-2024
    • Market opportunity by Product

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Offline - Market size and forecast 2019-2024
    • Online - Market size and forecast 2019-2024
    • Market opportunity by Distribution channel

    Market Segmentation by Product specifications

    • Market segments
    • Comparison by Product specifications
    • Skin brightening products - Market size and forecast 2019-2024
    • Anti-aging skincare products - Market size and forecast 2019-2024
    • Sun protection products - Market size and forecast 2019-2024
    • Moisturizers - Market size and forecast 2019-2024
    • Others - Market size and forecast 2019-2024
    • Market opportunity by Product specifications

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2019-2024
      • Europe - Market size and forecast 2019-2024
      • North America - Market size and forecast 2019-2024
      • South America - Market size and forecast 2019-2024
      • MEA - Market size and forecast 2019-2024
      • Key leading countries
      • Market opportunity by geography
      • Volume driver - Demand led growth
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Beiersdorf AG
      • CHANEL Ltd.
      • Groupe Clarins
      • Johnson & Johnson Services Inc.
      • LOreal SA
      • Procter & Gamble
      • Revlon Consumer Products Corp.
      • Shiseido Co. Ltd.
      • The Estee Lauder Companies
      • Unilever PLC

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The skincare products market growth will increase by $39.01 billion during 2019-2024.
      The skincare products market is expected to grow at a CAGR of 5.01% during 2019-2024.
      Technavio has segmented the skincare products market by product (Face skincare products and Body skincare products) ,other 1 (Skin brightening products, Anti aging skincare products, Sun protection products, Moisturizers, and Others) , and geographic (APAC, Europe, North America, and South America).
      Beiersdorf AG, CHANEL Ltd., Groupe Clarins, Johnson & Johnson Services Inc., LOreal SA, Procter & Gamble, Revlon Consumer Products Corp., Shiseido Co. Ltd., The Estee Lauder Companies, Unilever PLC are a few of the key vendors in the skincare products market.
      APAC will register the highest growth rate of 49.87% among the other regions. Therefore, the skincare products market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the skincare products market growth are:
      • Growing population in the age group of 30-50 years
      • Rising demand for multifunctional skincare products
      The skincare products market vendors should focus on grabbing business opportunities from the face skincare products segment as it accounted for the largest market share in the base year.
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