Market Analysis
Global Skin Lightening Products Market is anticipated to grow at a favorable CAGR between 2020 – 2023, as per the recent analysis by Market Research Future (MRFR). Skin lightening products comprise synthetic and natural products that lighten the skin tone as well as offer an even skin complexion via reducing the content of melanin in the skin. Scrubs, face masks, cleansers and toners, creams and lotions, and others are the different types of skin lightening products that are available in both organic and conventional types and used by both women and men.
Various factors are propelling the global skin lightening products market growth. As per the latest MRFR report, such factors include increasing R&D in skin lightening products industry, wide availability of skin lightening creams and lotions, improving lifestyle, increasing purchasing power for rapidly increasing disposable income, demand for skin care range made of natural and organic ingredients and growing awareness about skincare and skin-health in developing and developed economies. Besides, the growing popularity of skin whitening products amid both genders worldwide is also adding market growth.
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On the other hand, government regulations, coupled with the grave effect of the ongoing COVID-19 outbreak, are factors that may limit the global skin lightening products market growth over the forecast period.
Key Players
Eminent players profiled in the Global Skin Lightening Products Market Report include Clarins Group (France), Lotus Herbals (India), Kao Corporation (Japan), Avon Products Inc.(UK), Estée Lauder Companies Inc.(US), Shiseido Company (Japan), Procter & Gamble Company (US), Unilever PLC (UK), Beiersdorf AG (Germany), and L’Oréal S.A.(France).
Market Segmentation
The MRFR report offers an inclusive segmental analysis of the global skin lightening products market based on product type, category, end user, and distribution channel.
By product type, the skin lightening products market is segmented into scrubs, face masks, cleansers and toners, creams and lotions, and others. Of these, creams and lotions are predicted to lead the market over the forecast period.
By category, the skin lightening products market is segmented into organic and conventional. Of these, the conventional segment will dominate the market over the forecast period. Easy availability and economic pricing are adding to the growth of the segment over the forecast period.
By end user, Global Skin Lightening Products Marketis segmented into women and men. Of these, the women segment will have a major share in the market over the forecast period.
By distribution channel, the skin lightening products market is segmented into non-store based and store based. The store-based segment is again segmented into specialty stores, supermarkets and hypermarkets, and others. Of these, the store-based segment (specialty stores) will spearhead the market over the forecast period.
Regional Analysis
Based on the region, the skin lightening products market report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific, & the Middle East and Africa. Of these, the APAC region is predicted to have lions share over the forecast period. Large population size increase in disposable income, wide product availability, increased penetration of offline and online channel of cosmetics, and increasing cases of hyperpigmentation are adding to the global skin lightening products market growth in the region.
The global skin lightening products market in North America is predicted to have healthy growth over the forecast period. Increased inclination towards these products and demand for eco-friendly skin lightening products that have bioactive extracts are adding to the global skin lightening products market growth in the region.
The global skin lightening products in Europe is predicted to have favorable growth over the forecast period. France and Germany have a maximum share in the region.
The global skin lightening products in the MEA is predicted to have sound growth over the forecast period.
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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