Cosmetic Skin Care Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2017 – 2025, the Cosmetic Skin Care market was valued at USD 134.6 Bn in 2016, and is expected to reach USD 218.6 Bn by 2025, expanding at a CAGR of 5.4% from 2017 to 2025.
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Market Insights
Cosmetic skin care market is anticipated to experience and incessant growth during the forecast period 2017 – 2025. Technologically cosmetic skin care market is advancing with exceptional pace and has given rise to efficient devices, products and diagnostic tools. The recent trend analysis projected rising demand from consumers for plant-based beauty ingredients, preference for detoxifying products, and other such categories that are free from chemicals. This analysis proves that consumers are more aware of the ingredients used in the cosmetic products and preference is moving towards safe and plant-based ingredients. The key factors driving cosmetic skin care market are aging population in developed and developing countries, increasing demand from young population, rising awareness associated with personal well-being and beauty, and welcoming approach of customers for new efficient cosmetic products.
In case of baby boomers, X generation, and Y generation; in 2016 baby boomers were observed as the largest market as the first of the baby boomers reached retirement age and ultimately increasing demand of anti-aging cosmetics products. According to experts, baby boomers can actively influence their health and are health-conscious when buying skin care products. However, during forecast period 2017 – 2025 X generation and Y generation is expected to achieve significant growth. The key factors responsible for this growth comprises earlier exposure of these generations for developed cosmetic skin care products, and key market players have initiated launching cosmetic products specific to X n Y generation population in developed as well as developing countries.
The several types of cosmetic skin care products are moisturizers, cleansing lotions, facial masks, shaving creams, serums, exfoliators, anti-ageing creams, toners, eye creams and sun care products. In year 2016, anti-ageing creams accounted for the largest market share due to increasing demand in aging population, high accessibility to branded products in developing countries, and increasing awareness associated with anti-aging products in aging as well as young population. As most of the anti-ageing products are sold at a premium price the revenue generated by these products globally is huge.
Market Competition Assessment:
The cosmetic skin care market is observed as the most diversified and competitive market comprising large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are L’Oreal S.A., Unilever PLC, Procter & Gamble, Beiersdorf AG, Avon Products Inc., The Estee Lauder Companies Inc., Johnson & Johnson, Kao Corporation, and The Body Shop International PLC among others.
Key Market Movements:
– Aging population coupled with high awareness in baby boomers for cosmetic skin care products
– Increasing awareness and willingness to buy cosmetic skin care products in young population
– Market entry of multinational cosmetic brands in emerging economies of Asia Pacific and Latin America is increasing demand
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Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
Chapter 2 Executive Summary
2.1 Global Cosmetic Skincare Products Market Portraiture
2.2 Global Cosmetic Skincare Products Market, by Type, 2016 (US$ Mn)
2.3 Global Cosmetic Skincare Products Market Share, by Age Group, 2016 (Value %)
2.4 Global Cosmetic Skincare Products Market, by Distribution Channel, 2016 (US$ Mn)
2.5 Global Cosmetic Skincare Products Market Share, by Geography, 2016 (Value %)
Chapter 3 Cosmetic Skincare Products Market Analysis
3.1 Global Cosmetic Skincare Products Market Overview
3.2 Global Cosmetic Skincare Products Market: Consumer Trends
3.3 Market Dynamics
3.3.1 Market Drivers
3.3.1.1 Aging population accompanied with increasing awareness related to anti-ageing products
3.3.1.2 Increasing demand for cosmetic skin care products from millennials is expected to boost the market significantly
3.3.1.3 Rising skin problems associated with sun exposure and air pollution is creating space for target specific cosmetic products
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