In 2022, the skincare market reached a value of USD 22.2 billion. Forecasts suggest that the skincare industry will grow from USD 26.0 billion in 2023 to USD 94.0 billion by 2032, demonstrating a compound annual growth rate (CAGR) of 17.40% from 2023 to 2032.
The Market Research Future Report has added a new statistical market report to its repository titled as, Skincare Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on recent developments and technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The report also presents forecasts for Skincare investments from 2023 to 2032.
Key Companies in the Skincare market include
L’Oréal Professional
Unilever
Procter & Gamble
Natura & Co.
Kao Corporation
Johnson & Johnson Services, Inc.
Avon Products Inc.
Estée Lauder Inc.
Beiersdorf AG
Shiseido Co., Ltd.
Coty Inc.
Skincare Market Segmentation
Skincare Product Outlook
- Creams
- Lotions
- Powders
- Sprays
- Others
Skincare Packaging Type Outlook
- Tube
- Bottle
- Jar
- Others
Skincare Gender Outlook
- Men
- Women
Skincare Distribution Channel Outlook
- Supermarkets and Hypermarkets
- Cosmetic Stores
- Online Channel
- Others
Key questions answered in the report:
- Which are the five top players of the Skincare market?
- How will the Skincare market change in the next five years?
- Which product and application will take a lion’s share of the Skincare market?
- What are the drivers and restraints of the Skincare market?
- Which regional market will show the highest growth?
- What will be the CAGR and size of the Skincare market throughout the forecast period?
Key takeaways from the Skincare market report:
- Detailed consideration of Skincare market-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.
- Comprehensive valuation of all prospects and threats in the
- In-depth study of industry strategies for growth of the Skincare market-leading players.
- Skincare market latest innovations and major procedures.
- Favourable dip inside Vigorous high-tech and market latest trends remarkable the Market.
- Conclusive study about the growth conspiracy of Skincare market for forthcoming years.
Skincare Industry Developments
July 2022:The Estée Lauder Companies (ELC) partnered with Nyka to unveil the 'BEAUTY & YOU INDIA' initiative, aimed at fostering investments in the next generation of the Indian beauty care industry.
November 2022:Avon collaborated with Perfect Corp., a prominent provider of AI-based beauty technology solutions, to enhance the virtual makeup technology system, assisting consumers in selecting appropriate product types.
We assist our clients in gaining a competitive advantage in the market by offering consulting services that include, but are not limited to:
Digital business strategy
Customer acquisition and synergy planning
Strategic advisory and operational excellence consulting services
Governance, risk, fraud, and compliance consulting
Mergers and acquisitions, strategic partnering
Business process and transformation consulting services
Talent and engagement consulting services
Business and transformation consulting
Market expansion and vertical tagging
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