Skin Care Products Market Size Reach US$ 190.24 Bn by 2030

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The global skin care products market size is expected to be worth around US$ 190.24 billion by 2030, according to a new report by Vision Research Reports.

The global skin care products market size was valued at US$ 131.23 billion in 2020 and is anticipated to grow at a CAGR of 5.8% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 190.24 Billion by 2030
Growth Rate CAGR of 5.8% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Gender, product, distribution channel
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned L’Oreal S.A.; Beiersdorf AG; Shiseido Co., Ltd.; Procter & Gamble (P&G); Unilever; Johnson & Johnson Services, Inc.; Avon Products, Inc.; Coty Inc.; Colgate-Palmolive Company; Revlon

Growth Factors

 Rising concerns regarding skin problems are driving the industry for skin care products. The growing demand for concern-specific skin care products such as face creams, body lotions, shaving lotions and creams, and face sunscreens is likely to fuel the overall demand.

Rising awareness regarding the various benefits of using skin care products has resulted in a rise in their demand over the last few years. Moreover, an inclination toward natural and organic skin care products is observed, making it a major sector in the cosmetics and wellness industry. Organic products are derived from natural resources and are free from harmful chemicals.

By Gender Analysis

The female segment held the largest revenue share of over 65.0% in 2020 and is expected to maintain its lead over the forecast period. Women are increasingly adding personal grooming products to their daily routines to enhance their confidence and appearance, which is significantly contributing to the segment growth.

The male segment is projected to register the fastest CAGR of 6.1% from 2021 to 2030. The growing awareness among males regarding personal hygiene and regular grooming, increased product launches, celebrity endorsements, and rising disposable income are the major factors driving the segment.

By Product Analysis

Face creams and moisturizers held the largest revenue share of over 45.0% in 2020 and are expected to maintain their lead over the forecast period. Face creams and moisturizers are among the most used items as these are frequently applied.

The others segment is projected to register the fastest CAGR of 6.7% from 2021 to 2030. The other segment includes various types of skin care products such as face masks and serums.

The cleansers and face wash segment is expected to register a significant CAGR from 2021 to 2030. Cleansers have been gaining increasing popularity across the globe, especially in Asia Pacific and the Middle East & Africa, due to the presence of a huge amount of dirt particles and pollutants in these regions.

By Distribution Channel Analysis

The supermarkets and hypermarkets segment held the largest share of over 47.0% in 2020 and is expected to witness the fastest growth over the forecast period.

The convenience stores segment is projected to register a CAGR of 6.5% from 2021 to 2030. Some customers choose to buy skin care products from these stores because of the ease of purchase, their extensive network, and the ability to purchase the same products on a regular basis.

The pharmacy and drug store segment is projected to witness significant growth from 2021 to 2030. A majority of the consumers rely on pharmacists and drugstore attendants to help them navigate through the multitude of products available and at times, to enquire about the application of such products.

By Regional Analysis

 Asia Pacific held the largest share of over 36.0% in 2020 and is expected to witness the fastest growth over the forecast period. The expansion of the chemical industry in India and China, both of which are backed by regulatory support, is expected to ensure continuous raw material access to skin care product manufacturers

North America is expected to register a CAGR of 4.5% from 2021 to 2030. Consumers in North American countries such as the U.S. and Canada are willing to pay a high price for a more youthful appearance, along with brighter and glowing skin

Key Players

  • L’Oreal S.A.
  • Beiersdorf AG
  • Shiseido Co., Ltd.
  • Procter & Gamble (P&G)
  • Unilever
  • Johnson & Johnson, Inc.
  • Avon Products, Inc.
  • Coty Inc.
  • Colgate-Palmolive Company
  • Revlon

Market Segmentation

  • By Gender
    • Male
    • Female
  • By Product
    • Face Creams & Moisturizers
    • Cleansers & Face Wash
    • Sunscreen
    • Body Creams & Moisturizers
    • Shaving Lotions & Creams
    • Others
  • By Distribution Channel
    • Supermarkets & Hypermarkets
    • Convenience Stores
    • Pharmacy & Drugstore
    • Online
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • U.K.
    • Asia Pacific
      • China
      • India
      • Japan
    • Central & South America
      • Brazil
    • Middle East & Africa
      • Saudi Arabia

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Products

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Skin Care Products Market, By Gender

7.1.  Skin Care Products Market, by Gender, 2021-2030

7.1.1.    Male

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Female

7.1.2.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Skin Care Products Market, By Product

8.1.  Skin Care Products Market, by Product, 2021-2030

8.1.1.    Face Creams & Moisturizers

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Cleansers & Face Wash

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Sunscreen

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Body Creams & Moisturizers

8.1.4.1.        Market Revenue and Forecast (2017-2030)

8.1.5.    Shaving Lotions & Creams

8.1.5.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Skin Care Products Market, By Distribution Channel

9.1.  Skin Care Products Market, by Distribution Channel, 2021-2030

9.1.1.    Supermarkets & Hypermarkets

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    Convenience Stores

9.1.2.1.        Market Revenue and Forecast (2017-2030)

9.1.3.    Pharmacy & Drugstore

9.1.3.1.        Market Revenue and Forecast (2017-2030)

9.1.4.    Online

9.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Skin Care Products Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Product (2017-2030)

10.1.2.  Market Revenue and Forecast, by Product (2017-2030)

10.1.3.  Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.1.4.  U.S.

10.1.4.1.      Market Revenue and Forecast, by Gender (2017-2030)

10.1.4.2.      Market Revenue and Forecast, by Product (2017-2030)

10.1.4.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.1.5.  Rest of North America

10.1.5.1.      Market Revenue and Forecast, by Gender (2017-2030)

10.1.5.2.      Market Revenue and Forecast, by Product (2017-2030)

10.1.5.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Gender (2017-2030)

10.2.2.  Market Revenue and Forecast, by Product (2017-2030)

10.2.3.  Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.2.4.  UK

10.2.4.1.      Market Revenue and Forecast, by Gender (2017-2030)

10.2.4.2.      Market Revenue and Forecast, by Product (2017-2030)

10.2.4.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.2.5.  Germany

10.2.5.1.      Market Revenue and Forecast, by Gender (2017-2030)

10.2.5.2.      Market Revenue and Forecast, by Product (2017-2030)

10.2.5.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.2.6.  France

10.2.6.1.      Market Revenue and Forecast, by Gender (2017-2030)

10.2.6.2.      Market Revenue and Forecast, by Product (2017-2030)

10.2.6.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.2.7.  Rest of Europe

10.2.7.1.      Market Revenue and Forecast, by Gender (2017-2030)

10.2.7.2.      Market Revenue and Forecast, by Product (2017-2030)

10.2.7.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Gender (2017-2030)

10.3.2.  Market Revenue and Forecast, by Product (2017-2030)

10.3.3.  Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.3.4.  India

10.3.4.1.      Market Revenue and Forecast, by Gender (2017-2030)

10.3.4.2.      Market Revenue and Forecast, by Product (2017-2030)

10.3.4.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.3.5.  China

10.3.5.1.      Market Revenue and Forecast, by Gender (2017-2030)

10.3.5.2.      Market Revenue and Forecast, by Product (2017-2030)

10.3.5.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.3.6.  Japan

10.3.6.1.      Market Revenue and Forecast, by Gender (2017-2030)

10.3.6.2.      Market Revenue and Forecast, by Product (2017-2030)

10.3.6.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.3.7.  Rest of APAC

10.3.7.1.      Market Revenue and Forecast, by Gender (2017-2030)

10.3.7.2.      Market Revenue and Forecast, by Product (2017-2030)

10.3.7.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Gender (2017-2030)

10.4.2.  Market Revenue and Forecast, by Product (2017-2030)

10.4.3.  Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.4.4.  GCC

10.4.4.1.      Market Revenue and Forecast, by Gender (2017-2030)

10.4.4.2.      Market Revenue and Forecast, by Product (2017-2030)

10.4.4.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.4.5.  North Africa

10.4.5.1.      Market Revenue and Forecast, by Gender (2017-2030)

10.4.5.2.      Market Revenue and Forecast, by Product (2017-2030)

10.4.5.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.4.6.  South Africa

10.4.6.1.      Market Revenue and Forecast, by Gender (2017-2030)

10.4.6.2.      Market Revenue and Forecast, by Product (2017-2030)

10.4.6.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.4.7.  Rest of MEA

10.4.7.1.      Market Revenue and Forecast, by Gender (2017-2030)

10.4.7.2.      Market Revenue and Forecast, by Product (2017-2030)

10.4.7.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Gender (2017-2030)

10.5.2.  Market Revenue and Forecast, by Product (2017-2030)

10.5.3.  Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.5.4.  Brazil

10.5.4.1.      Market Revenue and Forecast, by Gender (2017-2030)

10.5.4.2.      Market Revenue and Forecast, by Product (2017-2030)

10.5.4.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

10.5.5.  Rest of LATAM

10.5.5.1.      Market Revenue and Forecast, by Gender (2017-2030)

10.5.5.2.      Market Revenue and Forecast, by Product (2017-2030)

10.5.5.3.      Market Revenue and Forecast, by Distribution Channel (2017-2030)

Chapter 11.  Company Profiles

11.1.              L’Oreal S.A.

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              Beiersdorf AG

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              Shiseido Co., Ltd.

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              Procter & Gamble (P&G)

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              Unilever

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.              Johnson & Johnson, Inc.

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.              Avon Products, Inc

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.              Coty Inc.

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.              Colgate-Palmolive Company

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.           Revlon

11.10.1.               Company Overview

11.10.2.               Product Offerings

11.10.3.               Financial Performance

11.10.4.               Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

13.2.              Glossary of Terms

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