Skin Care Products Market

Global AMedicated Skin Care Products Market to Witness US$155.4 bn Increase In
Terms of Revenue by the end of 2021
According to the findings of a recent report by Transparency Market Research (TMR), the
global skin care products market is highly competitive in nature, with the leading companies
maintaining their stronghold via diverse product portfolio that cater to specific demands and
are offered in both premium as well as budget pricing. New product introduction and
aggressive marketing are two key strategies of the key players to gain market shares. Some
of the key companies identified by the report in the global skin care products market are
L'Oréal S.A., Johnson & Johnson Services, Inc., The Estee Lauder Companies Inc.,
Beiersdorf, Procter & Gamble, Avon Products Inc., Kao Corporation, and Unilever PLC.
As per the estimations provided by the TMR report, the demand in the global skin care
products market will expand at a healthy CAGR of 4.90% during the forecast period of 2015
to 2021, reaching a valuation of US$155.4 bn by the end of 2021, significantly up from its
evaluated worth of US$110.7 bn in 2014. Most of the key vendors are increasing their focus
on the emerging economies in the region of Asia Pacific, primarily India, wherein vast
population base is driven by color complexion and softness of the skin. The entry of new
vendors is moderate to low in this market, which is driven by brand name. Strategic
partnerships and mergers and acquisitions is expected to restructure the competitive
landscape of the global skin care products market in the near future.
Anti-Aging and Skin Brighteners Leading Segments
Product-wise, the TMR report segments the global skin care products market into face
cream and body lotion. While face cream is further sub-segmented into anti-aging, skin
brighten, and sun protection, the body lotion segment is further categorized into premium
body care lotion and mass market body care lotion. The report projects the face cream
segment to increment the demand at the most prominent CAGR of 4.8% during the forecast
period of 2015 to 2021, gaining traction from the growing awareness and willingness of the
consumers to enhance skin quality, prevent wrinkles, rejuvenate the cells, and brighten the
skin. As the number of working women, especially in Asia Pacific region, and the online
availability of beauty care products is augmenting the demand for face cream segment in the
global skin care products market.
View and Download TOC of Global Skin Care Products Market Research Report @
https://www.transparencymarketresearch.com/report-toc/1095
Vastly Populated Asia Pacific Escalating Demand
The TMR report detects Asia Pacific as a highly profitable regional market, projecting the
China skin care products market to swell up to a valuation of US$6.3 bn by 2021, whereas
India is expected to increment the demand at the most prominent CAGR of 5.10% during
the forecast period of 2015 to 2021. This escalating demand from APAC is a reflection of
high demand for skin whitening creams, particularly from India, a country which is heavily
populated and the disposable income is increasing. The demand for personal grooming
products is also on the rise in this region. The skin care products market in the Middle East
and Africa region is anticipated to grow at a CAGR of 8.60%.
Organic Products Gaining Preference
Growing demand for skin lightening products, preference of anti-aging products for the
geriatrics, increasing disposable income, aggressive marketing, increasing demand for
natural and organic products, and escalating segment of men’s skin care products are some
of the key factors driving the global skin care products market. On the other hand, product
packaging and labeling regulations, threat from counterfeit products, and the side effects are
some a few restraints hindering the market from attaining its true potential. Nevertheless, the
vendors operating in this market are expected to gain new opportunities from use of unique
ingredients and high demand for UV absorbers and multifunctional skin care products.
Browse Complete Report @
https://www.transparencymarketresearch.com/medicated-skin-care-products.html
The information presented in this review is based on a Transparency Market Research
report, titled, “Skin Care Products Market (Face Cream and Body Lotion) - Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021”