Global Skincare Market Synopsis

Skincare Market Size Was Valued at USD 135.83 Billion in 2022 and is Projected to Reach USD 199.16 Billion by 2030, Growing at a CAGR of4.9% From 2023-2030

Skincare is an essential technique used for maintaining the health condition of the skin available on your face and body. A good skincare routine will allow you to maintain a healthy and bright appearance. From washing the face regularly to applying moisturizer, various proteins need to be included in a regular skincare routine.

• People are more conscious about their health, including having a regular skincare routine. Preventing further damage both from light/sun and the environment to the skin, keeping skin glowing by optimizing hydration, barrier function, and cell turnover, and minimizing irritation, helping to repair past superficial damage to the skin. Sunscreen is the most important step in any skincare routine for every skin type and age.
• Growing consumer inclination toward natural beauty products, the concept of creams, serums, and moisturizers infused with natural ingredients is expected to witness significant demand over the forecast period. Such products are considered more effective and have few or no side effects, which, in turn, is expected to increase their application among consumers. Consumers have become highly selective while purchasing skincare products, owing to health and environmental considerations. There is thus a growing desire for skincare products with claims sustainable or chemical-free. Encouraged by this, manufacturers are launching products that are free from artificial preservatives, natural & organic.
• The Asia-Pacific led the skincare market with China, Japan, and South Korea emerging as the leading revenue-generating economies in the region. Rising disposable income in the Asia-Pacific region is driving sales of skincare products. There is an increasing demand for personalized and specific skin care products owing to different skin types and conditions.

Top Key Players:

PK Chem Industries Ltd. (Canada), Pravada Private Label Naples (U.S), OraTech (U.S), Stepan Co.  (U.S), Innovative Body Science (U.S), Scot Derma (India), Biophar Lifesciences (India), VLCC Personal Care (India), Cipla Limited (India), Johnson & Johnson Services, Inc. (U.S), Unilever PLC/NV (U.K), New Avon Company (U.K), L'OREAL S.A. (France), Kao Group (Japan), Colgate-Palmolive Company (New York), Shiseido Co., Ltd. (Japan), Beiersdorf AG (Germany), The Procter & Gamble Company (Ohio), Estee Lauder (New York), Cosmax (South Korea), Other major players.

Global Skincare Market Trend Analysis

Growing Health-Promoting Routines and Retention

• The skincare market is growing faster than any other part of the beauty industry. Sales of skincare products grew by 13% last year in the United States, while makeup grew by only 1% in the same period.
• According to Automat Technologies, Inc. in China, the number of daily mask users tripled between 2016 and 2018, when celebrities like Fan Bing and Charmaine Sheh shared daily mask rituals as their secret to beautiful skin. Similar products are driving growth globally.
• Growing desire for health-promoting and self-care products, increasing interest in the power of regimens and routines, inform consumers and, uniquely, the ability of new technology to simplify the unusually complex choices consumers have when they interact with skincare brands. This will help to lead to growth of the skincare market over the forecast period.

Latest Technology Trends in the Skincare Industry

• The skincare industry has been completely transformed with advancements in skin biology, biological genes, skin microbiome, and nanotechnology. The use of technologies like Micro bristle Applicator Systems, skin microecology, biological fermentation, and cell extraction is expected to revolutionize shortly.
• We have been facing daily issues with our skin related from many years about 6 million years. Our skin is affected by fine lines, wrinkles, sagging, dullness, hyperpigmentation, and the acceleration of collagen loss due to skin aging more rapidly.
• These environmental factors have a profound impact on the skin and can cause a range of issues, including premature aging and damage. That's where skin-related technological advancements are making a difference. For instance, Avon has launched a new skincare product named Prolinol in 2021. According to the brand this product is clinically proven to restore both types of collagen found in healthy skin, helping to make-believe the perfect collagen equilibrium found in baby skin.
• As the Skincare market continues to grow at an increasing rate, competition among brands is also becoming increasingly fierce. To stay ahead many brands are leveraging the latest beauty technology trends that are rapidly transforming the beauty industry. Nanotechnology is one such trend that is gaining popularity in the cosmetic industry.

Overuse of chemicals

• The overuse of chemicals is a major problem in the skincare industry. Many products contain ingredients that can be harmful to the skin. These ingredients can cause skin irritation, dryness, and even acne. The use of harmful ingredients is also a major problem in the skincare industry. The lack of regulation is also a major problem in the skincare industry. There are no federal regulations that oversee the production of skincare products. This means that companies are free to use any ingredients they want, without any safety testing. This can be very dangerous for consumers.
• Nowadays people are more conscious about their health, including having a regular skincare routine Increasing overuse of chemicals and harsh ingredients in skincare and makeup products hampered the market of skincare and makeup product market over the forecast period.

Skincare Market Segment Analysis

The Global Skincare Market is segmented into Product, Gender, Ingredient, and Distribution Channels.

• By Product, the Cream segment is anticipated to dominate the Market Over the Forecast period.  The cream segment is expected to drive the growth of the skincare market. Many consumers prefer creams for skin-related problems. A good body cream helps your skin retain moisture and stay hydrated. Dry skin tends to appear more wrinkled and can make look older. Protects and supports skin health.
• The significance of end-to-end experience offered by direct-to-consumer companies is not only playing more directly into consumer desire for routine but also how and commitment with which they select brands in industries like skincare. At the same time, established companies have rapidly developed their experiments with direct-to-consumer approaches, signaling that this trend is only going to accelerate growth across beauty segments going forward. 

Regional Analysis of the Global Skincare Market

Asia Pacific is expected to Dominate the Market over the Forecast period

• Asia Pacific is expected to dominant in the skincare as well as the mass category with anti-aging products and facial moisturizers the most popular product choice. Asia Pacific region reveals increasingly targeted products of specific skin care regimens with BB and CC products. China is one of the countries in the Asia Pacific targeted by the larger global players to increase market share.
• Furthermore, the growing accessibility of popular skincare products provides growth in the skincare market.  key players focus heavily on product change mergers and acquisitions as their primary strategies for combining the market under inspection.
• The increasing population in China and India is another driver for the development of the market. South Korea also plays an important role in the skincare products market of Asia Pacific. These increasing demands for skin care products in the Asia Pacific region drive the market growth over the forecast

COVID-19 Impact on Skincare Market

• The global beauty industry market has been consistently resilient. During COVID-19 approximately 30 percent of the beauty-industry market was shut down.  The COVID-19-restricted supply chain is expected to impede market expansion. The trade balance has been harmed by rising demand for skincare products and decreasing raw material quantities because of degraded manufacturing.
• Additionally, people prefer to spend their time indoors to avoid getting infected by the coronavirus. This shifted consumer behavior toward personal care, wellness, and beauty at indoor places, fueling the demand for beauty care among residential consumers.
• The Companies rely on global supply chains, and production and distribution processes, that are complex, subject to increasing regulatory requirements, and may be faced with unexpected changes such as those resulting from the COVID-19 pandemic and Brexit that may affect sourcing, supply, and pricing of materials used in the Company's products. The companies responded positively to the crisis by addressing and increasing their production capacities offering hand sanitizers and cleaning agents, as consumers spent less on beauty and grooming products.

Top Key Players of Skincare Market

• PK Chem Industries Ltd. (Canada)
• Pravada Private Label Naples (U.S)
• OraTech (U.S)
• Stepan Co.  (U.S)
• Innovative Body Science (U.S)
• Scot Derma (India)
• Biophar Lifesciences (India)
• VLCC Personal Care (India)
• Cipla Limited (India)
• Johnson & Johnson Services, Inc. (U.S)
• Unilever PLC/NV (U.K)
• New Avon Company (U.K)
• L'OREAL S.A. (France)
• Kao Group (Japan)
• Colgate-Palmolive Company (New York)
• Shiseido Co., Ltd. (Japan)
• Beiersdorf AG (Germany)
• The Procter & Gamble Company (Ohio)
• Estee Lauder (New York)
• Cosmax (South Korea)

Key Industry of the Skincare Market

In July 2023, Estée Lauder and Manchester United Announced an Exclusive Partnership as the Club's first-ever skincare Partner. Estée Lauder continues its legacy of disrupting the beauty industry, bringing its high-performing products to new communities of sports fans who demand peak performance in every aspect of life.

In April 2022, Beiersdorf Launched the World's First Cosmetics Product with Recycled CO2. Hamburg. Beiersdorf is utilizing new opportunities to reduce the emission of harmful carbon dioxide into our atmosphere and contribute to a climate-positive future.

In May 2021, Avon launched a new skincare product named Prolinol. The brand claims that the product is clinically proven to restore both types of collagens found in healthy skin, helping to mimic the perfect collagen equilibrium found in baby skin.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. ANALYSIS OF THE IMPACT OF COVID-19
       1. Impact On The Overall Market
       2. Impact On The Supply Chain
       3. Impact On The Key Manufacturers
       4. Impact On The Pricing
       5. Post COVID Situation
   11. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   12. ECOSYSTEM
6. SKINCARE MARKET BY TYPE (2016-2030)
   1. SKINCARE MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. FACE CREAMS AND MOISTURIZERS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. FACIAL MASK
   5. LOTIONS
   6. POWDERS
   7. TONERS
7. SKINCARE MARKET BY GENDER (2016-2030)
   1. SKINCARE MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. MALE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. FEMALE
8. SKINCARE MARKET BY PACKAGING TYPE (2016-2030)
   1. SKINCARE MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. BOTTLES
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. DROPPERS
   5. JARS
   6. TUBES
9. SKINCARE MARKET BY INGREDIENT (2016-2030)
   1. SKINCARE MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
      1. CHEMICAL
      2. Introduction And Market Overview
      3. Historic And Forecasted Market Size in Value (2016 – 2030F)
      4. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      5. Key Market Trends, Growth Factors And Opportunities
      6. Geographic Segmentation Analysis
   3. NATURALS
10. SKINCARE MARKET BY DISTRIBUTION CHANNEL (2016-2030)
    1. SKINCARE MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. SUPERMARKET & HYPERMARKET
       1. Introduction And Market Overview
       2. Historic And Forecasted Market Size in Value (2016 – 2030F)
       3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
       4. Key Market Trends, Growth Factors And Opportunities
       5. Geographic Segmentation Analysis
    4. SPECIALTY STORES
    5. PHARMACY & DRUG STORES
    6. E-COMMERCE
11. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
       1. Competitive Positioning
       2. SKINCARE Market Share By Manufacturer (2022)
       3. Industry BCG Matrix
       4. Heat Map Analysis
       5. Mergers & Acquisitions
    2.  PK Chem Industries Ltd. (Canada)
       1. Company Overview
       2. Key Executives
       3. Company Snapshot
       4. Role of the Company in the Market
       5. Sustainability and Social Responsibility
       6. Operating Business Segments
       7. Product Portfolio
       8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
       9. Key Strategic Moves And Recent Developments
       10. SWOT Analysis
    3. PRAVADA PRIVATE LABEL NAPLES (US)
    4. ORATECH (U.S)
    5. STEPAN CO.  (U.S)
    6. INNOVATIVE BODY SCIENCE (U.S)
    7. SCOT DERMA (INDIA)
    8. BIOPHAR LIFESCIENCES (INDIA)
    9. VLCC PERSONAL CARE (INDIA)
    10. CIPLA LIMITED (INDIA)
    11. JOHNSON & JOHNSON SERVICES, INC. (U.S)
    12. UNILEVER PLC/NV (U.K)
    13. NEW AVON COMPANY (U.K)
    14. L'OREAL S.A. (FRANCE)
    15. KAO GROUP (JAPAN)
    16. COLGATE-PALMOLIVE COMPANY (NEW YORK)
    17. SHISEIDO CO., LTD. (JAPAN)
    18. BEIERSDORF AG (GERMANY)
    19. THE PROCTER & GAMBLE COMPANY (OHIO)
    20. ESTEE LAUDER (NEW YORK)
    21.  COSMAX (SOUTH KOREA)
12. GLOBAL SKINCARE MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Impact Of Covid-19
       3. Key Manufacturers
       4. Historic And Forecasted Market Size By Type
       5. Historic And Forecasted Market Size By Gender
       6. Historic And Forecasted Market Size By Packaging Type
       7. Historic And Forecasted Market Size By Ingredient
       8. Historic And Forecasted Market Size By Distribution Channel
       9. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Impact Of Covid-19
       3. Key Manufacturers
       4. Historic And Forecasted Market Size By Segments
       5. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Impact Of Covid-19
       3. Key Manufacturers
       4. Historic And Forecasted Market Size By Segments
       5. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Impact Of Covid-19
       3. Key Manufacturers
       4. Historic And Forecasted Market Size By Segments
       5. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Impact Of Covid-19
       3. Key Manufacturers
       4. Historic And Forecasted Market Size By Segments
       5. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Impact Of Covid-19
       3. Key Manufacturers
       4. Historic And Forecasted Market Size By Segments
       5. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
13. INVESTMENT ANALYSIS
14. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies