The global skin lightening market size was USD 9.98 Billion in 2021 and is expected to register a revenue CAGR of 5.6% over the forecast period, according to the latest analysis by Emergen Research. Growing popularity of self-care skin products among consumers and increasing demand for organic skin lighteners are factors driving revenue growth of the market. Companies are manufacturing skin-lightening products that can give consumers more attractive, immaculate skin. Additionally, increasing awareness about harmful chemicals in this product has led companies to manufacture alcohol and chemical-free creams and face wash with 100% herbal concentrates, which brightens and brings radiance to skin. Organic products, such as lemon, pineapple, papaya, and tomato, are used in these products to make skin smooth. Similarly, some products use saffron (Kesar) as a raw material, which makes skin appear fairer. These initiatives are expected to increase sales of organic skin lightening products and hence drive revenue growth of the market.
The Skin Lightening Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Skin Lightening market. The report offers in-depth research and assessment of the key elements of the global Skin Lightening market. The research analysts have formulated this report through thorough primary and secondary research with a detailed analysis of the drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of the Skin Lightening market.
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Some Key Highlights from the Report
On 20 January 2022, Lotus Herbals Pvt. Ltd. acquired a 25% stake in direct-to-consumer brand Conscious Chemist. The company’s plan for accelerated expansion in Direct-To-Consumer (DTC) arena, focused on clean beauty, is in line with the investment made in Conscious Chemist.
The creams segment revenue is expected to account for largest share over the forecast period. Skin lightening creams can be easily applied and are available in retail stores. Skin lightening creams can be used every day, which reduces pigmentation of skin and maintains a clear skin tone. This has led to growing demand and increase in sales of creams.
The organic segment is expected to grow at a rapid rate over the forecast period, which can be attributed to increasing knowledge of skin-harming effects of synthetic products as well as growing knowledge of benefits of organic products
The female segment is expected to account for largest revenue share over the forecast period. Skin-color-based discrimination on a professional and personal level is contributing rapidly to growth of the market for branded skin-lightening products significantly. Social prejudice towards people with darker skin colors exists in places, such as India, which has increased female demand for skincare products.
The researchers have considered all the factors influencing the growth of the Skin Lightening market on the global and regional scale. The report considers the COVID-19 pandemic as one of the key influencing factors of the Skin Lightening market. The pandemic has disrupted the supply chains and economic scenario of the market and has hindered the growth of the market. The report discusses in detail the overall impact of the COVID-19 pandemic on the Skin Lightening market and its key segments. The report also offers a current and future impact of the COVID-19 pandemic on the market.
Major Players/Manufacturers profiled in the report are:
L’Oréal S.A., Beiersdorf AG, Shiseido Co., Ltd., Procter & Gamble, Unilever, Himalaya Global Holdings Ltd., Kanebo Cosmetics Inc., Lotus Herbals Pvt. Ltd., VLCC Health Care Limited, and The Avon Company.
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Emergen Research has segmented the global skin lightening based on product, nature, end user, and region:
Product Outlook (Revenue, USD Billion, 2019–2030)
Nature Outlook (Revenue, USD Billion, 2019–2030)
End User Outlook (Revenue, USD Billion, 2019–2030)
The Global Skin Lightening Market is further analyzed across the key geographical locations where the market has expanded to a significant size. The key region analyzed are North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report offers a country-wise analysis to provide a comprehensive analysis of the Skin Lightening market in terms of production and consumption patterns, supply and demand ratio, import/export, revenue contribution, trends, and presence of prominent players in each region.
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report offers insightful information about the market dynamics of the Skin Lightening market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Skin Lightening market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Skin Lightening market.
Key Benefits of the Report:
Comprehensive analysis of the competitive scenario and its changing dynamics
Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
In-depth 8 year analysis of the Global Skin Lightening Market
Critical assessment of the key market segments
Comprehensive analysis of the drivers, restraints, trends, and opportunities
Detailed regional analysis and extensive company profiling
Extensive assessment of current and emerging trends of the market
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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