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Skin care products Market - By Type (Face Cream, and Body Lotion) and Geography - Global Opportunity Analysis and Industry Forecast, 2014-2022

  • ID: CO 171844
  • Jan 2017
  • 93 pages
  • Price: $4296
$2765

Skin Care Products Market overview:

The Global Skin Care Products Market would reach $179 billion from $130 billion and grow at a CAGR of 4.7%, during the period, 2016-2022. The skin care products comprise of chemical compounds, medicinal herbs, and natural ingredients. These are then applied on the skin to maintain the texture of the skin, avoid early aging, black patches, pimples, and enhance beauty. The products are categorized into two broad segments-face care products and body care products. The face care product segment includes skin brightening creams, sunscreens, face moisturizers, fairness creams, anti-aging creams, serums, toners, nourishment creams, and under eye creams. Some of the major products of body care products include massage oils, body scrubs, and creams.

Segment Overview:

The global skin care products market is segmented based on product type and geography. Based on the product type, the industry is further bifurcated into face cream and body lotion. The face cream segment occupied dominant share in 2015 and is expected to maintain this trend during the forecast period. The anti-aging cream and skin brightening creams held the major share of the industry.

Market segmentation

Geographically, the global skin care products market is segmented into North America, Europe, Asia-Pacific, and LAMEA.  The Asia-Pacific generated the highest revenue, followed by North America in 2015. It and is expected to dominate during the forecast period.

Top Factors Impacting of the Global Skin Care Product Market

Rising Awareness Towards Skin Care With Advanced Skin Care Products

Increase in awareness towards one’s beauty and overall appearance drive the demand of the skin care products. The demand is further supported by rise in disposable income of the consumers. Organic skin care products gain widespread popularity owing to the rising awareness of the probable side effects of chemical based skin care products, worldwide. Further, with the growing marketing efforts of the players and online market, consumers across the globe are able to gain access to advanced skin care products, thereby, supplementing the market growth.

Top Impacting Factors

Top impacting factors

Rise In Demand of Skin Care Products

The skin care products, such as moisturizers, lotions, skin brightening creams, toners, serums, sunscreens, body lotions, and body oils are widely used by customers of all age groups to maintain a healthy and glowing skin. These products target different skin areas and problems including blemishes, acne, and black patches, sunburns, pigmentation, and early ageing among others. Regular use of skin care products prevents skin problems and help to maintain a healthy skin. There is an increase in need for such products to protect the skin and prevent damages owing to rising pollution levels, global warming, and hectic lifestyle leading to growing stress levels, and, thus, driving the demand of skin care products.

Top Winning Strategies

Merger and acquisition is the key growth strategy adopted by the market players, followed by product launch, partnership & agreement, and geographical expansion.

Top Winning Strategies, (2013-2016)

Top Winning Strategies

Competitive Landscape

The report provides a comprehensive analysis of the major market players in the global skin care product market, such as Johnson & Johnson Services, Inc., Estee Lauder Companies Inc., Unilever PLC, Avon Products Inc., L'Oréal S.A., Kao Corporation, Colgate-Palmolive Company, Shiseido Company, Beiersdorf AG, and Procter & Gamble to highlight the top winning strategies.

Key Benefits of the Global Skin Care Products Market Report:

  • It provides quantitative analysis of the current market and estimations to identify the prevailing market opportunities during the period, 2014‐2022.
  • It offers an extensive analysis of the present and emerging market trends and dynamics in the industry. It gives evaluation of competitive landscape and value chain to understand the market behavior across the geographies.
  • It offers assessment across various regions, such as North America, Europe, Asia-Pacific, and LAMEA.
  • It provides an in-depth analysis of current research and developments with key market dynamic factors that predicts the behavior of the market.
  • It gives an exhaustive analysis of the market type to help in understanding the type of products used currently along with the variants that would gain prominence in the future.
  • It offers a comprehensive evaluation of the market by following key product positioning and monitoring the top competitors within the market framework.

Skin Care Products Market Key Segment

By Type

  • Face Cream
    • Skin Brightening Cream
    • Anti-Aging Cream
    • Sun Protection
  • Body Lotion
    • Mass Market Body Care Lotion
    • Premium Body Care Lotion

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Players

  • Johnson & Johnson Services, Inc.
  • The Estée Lauder Companies Inc.
  • Unilever PLC
  • Avon Products Inc.
  • L'Oréal S.A.
  • Kao Corporation
  • Colgate-Palmolive Company
  • Shiseido Company
  • Beiersdorf AG
  • Procter & Gamble
 

Chapter: 1 Introduction

1.1 Report Description
1.2 Key Benefits
1.3 Key Market Segments
1.4 Research Methodology

1.4.1 Secondary Research
1.4.2 Primary Research
1.4.3 Analyst Tools and Models

Chapter: 2 Executive Summary

2.1 CXO Perspective

Chapter: 3 Market Overview

3.1 Market Definition and Scope
3.2 Key Findings

3.2.1 Top Impacting Factor
3.2.2 Top Winning Strategies
3.2.3 Top Investment Pockets

3.3 Porters Five Forces Analysis

3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Buyers
3.3.3 Availability of Substitutes
3.3.4 Low Threat of New Entrants
3.3.5 Competition Rivalry

3.4 Drivers

3.4.1 Changing lifestyle patterns in emerging countries due to rapid urbanization
3.4.2 Rising awareness towards skin care with advanced skin care products
3.4.3 Increasing demand of skin care products

3.5 Restraints

3.5.1 Limited shelf life of the skin care product

3.6 Opportunities

3.6.1 New product innovation
3.6.2 Increasing investment in emerging countries

Chapter: 4 World Skincare Products Market, By Product Type

4.1 Introduction
4.2 Face Cream

4.2.1 Key Market Trends
4.2.2 Key Growth Factors and Opportunities
4.2.3 Market Size and Forecast
4.2.4 North America Face Cream Market, Growth (%), 2014-2022
4.2.5 Europe Face Cream Market, Growth (%), 2014-2022
4.2.6 Asia Pacific Face Cream Market, Growth (%), 2014-2022
4.2.7 LAMEA Face Cream Market, Growth (%), 2014-2022
4.2.8 Skin Brightening Cream

4.2.8.1 Key Market Trends
4.2.8.2 Key Growth Factors and Opportunities
4.2.8.3 Market Size and Forecast
4.2.8.4 North America Skin Brightening Cream Market ($Million), Growth (%) 2014-2022
4.2.8.5 Europe Skin Brightening Cream Market ($Million), Growth (%) 2014-2022
4.2.8.6 Asia Pacific Skin Brightening Cream Market ($Million), Growth (%) 2014-2022
4.2.8.7 LAMEA Skin Brightening Cream Market ($Million), Growth (%) 2014-2022

4.2.9 Anti-Aging Cream

4.2.9.1 Key Market Trends
4.2.9.2 Key Growth Factors and Opportunities
4.2.9.3 Market Size and Forecast
4.2.9.4 North America Anti-Aging Cream Market ($Million), Growth (%) 2014-2022
4.2.9.5 Europe Anti-Aging Cream Market ($Million), Growth (%) 2014-2022
4.2.9.6 Asia Pacific Anti-Aging Cream Market ($Million), Growth (%) 2014-2022
4.2.9.7 LAMEA Anti-Aging Cream Market ($Million), Growth (%) 2014-2022

4.2.10 Sun Protection Cream

4.2.10.1 Key Market Trends
4.2.10.2 Key Growth Factors and Opportunities
4.2.10.3 Market Size and Forecast
4.2.10.4 North America Sun Protection Cream Market ($Million), Growth (%) 2014-2022
4.2.10.5 Europe Sun Protection Cream Market ($Million), Growth (%) 2014-2022
4.2.10.6 Asia Pacific Sun Protection Cream Market ($Million), Growth (%) 2014-2022
4.2.10.7 LAMEA Sun Protection Cream Market ($Million), Growth (%) 2014-2022

4.3 Body Lotion

4.3.1 Key Market Trends
4.3.2 Key Growth Factors and Opportunities
4.3.3 Market Size and Forecast
4.3.4 North America Body Lotion Market, Growth (%), 2014-2022
4.3.5 Europe Body Lotion Market, Growth (%), 2014-2022
4.3.6 Asia Pacific Body Lotion Market, Growth (%), 2014-2022
4.3.7 LAMEA Body Lotion Market, Growth (%), 2014-2022
4.3.8 Mass Market Body Care Lotion

4.3.8.1 Key Market Trends
4.3.8.2 Key Growth Factors and Opportunities
4.3.8.3 Market Size and Forecast
4.3.8.4 North America Mass Market Body Care Lotion Market ($Million), Growth (%) 2014-2022
4.3.8.5 Europe Mass Market Body Care Lotion Market ($Million), Growth (%) 2014-2022
4.3.8.6 Asia Pacific Mass Market Body Care Lotion Market ($Million), Growth (%) 2014-2022
4.3.8.7 LAMEA Mass Market Body Care Lotion Market ($Million), Growth (%) 2014-2022

4.3.9 Premium Body Care Lotion

4.3.9.1 Key Market Trends
4.3.9.2 Key Growth Factors and Opportunities
4.3.9.3 Market Size and Forecast
4.3.9.4 North America Premium Body Care Lotion Market ($Million), Growth (%) 2014-2022
4.3.9.5 Europe Premium Body Care Lotion Market ($Million), Growth (%) 2014-2022
4.3.9.6 Asia Pacific Premium Body Care Lotion Market ($Million), Growth (%) 2014-2022
4.3.9.7 LAMEA Premium Body Care Lotion Market ($Million), Growth (%) 2014-2022

Chapter: 5 World Skincare Products Market, By Geography

5.1 Introduction
5.2 North America

5.2.1 Key Market Trends
5.2.2 Key Growth Factors and Opportunities
5.2.3 Market Size and Forecast
5.2.4 U.S. Skincare Products Market, ($Million), Growth (%) 2014-2022
5.2.5 Canada Skincare Products Market, ($Million), Growth (%) 2014-2022
5.2.6 Mexico Skincare Products Market, ($Million), Growth (%) 2014-2022

5.3 Europe

5.3.1 Key Market Trends
5.3.2 Key Growth Factors and Opportunities
5.3.3 Market Size and Forecast
5.3.4 U.K. Skincare Products Market, ($Million), Growth (%) 2014-2022
5.3.5 Germany Skincare Products Market, ($Million), Growth (%) 2014-2022
5.3.6 France Skincare Products Market, ($Million), Growth (%) 2014-2022
5.3.7 Italy Skincare Products Market, ($Million), Growth (%) 2014-2022
5.3.8 Rest of Europe Skincare Products Market, ($Million), Growth (%) 2014-2022

5.4 Asia-Pacific

5.4.1 Key Market Trends
5.4.2 Key Growth Factors and Opportunities
5.4.3 Market Size and Forecast
5.4.4 China Skincare Products Market, ($Million), Growth (%) 2014-2022
5.4.5 Japan Skincare Products Market, ($Million), Growth (%) 2014-2022
5.4.6 India Skincare Products Market, ($Million), Growth (%) 2014-2022
5.4.7 Rest of Asia-Pacific Skincare Products Market, ($Million), Growth (%) 2014-2022

5.5 LAMEA

5.5.1 Key Market Trends
5.5.2 Key Growth Factors and Opportunities
5.5.3 Market Size and Forecast
5.5.4 Latin America Skincare Products Market, ($Million), Growth (%) 2014-2022
5.5.5 Middle East Skincare Products Market, ($Million), Growth (%) 2014-2022
5.5.6 Africa Skincare Products Market, ($Million), Growth (%) 2014-2022

Chapter: 6 Company Profile

6.1 Johnson & Johnson Private Limited

6.1.1 Company Overview
6.1.2 Company Snapshot
6.1.3 Business Performance
6.1.4 Strategic Moves & Developments

6.2 The Este Lauder Companies Inc.

6.2.1 Company Overview
6.2.2 Company Snapshot
6.2.3 Business Performance
6.2.4 Strategic Moves & Developments

6.3 Unilever Plc

6.3.1 Company Overview
6.3.2 Company Snapshot
6.3.3 Business Performance
6.3.4 Strategic Moves & Developments

6.4 Avon Products Inc.

6.4.1 Company Overview
6.4.2 Company Snapshot
6.4.3 Business Performance
6.4.4 Strategic Moves & Developments

6.5 L'oral S.A.

6.5.1 Company Overview
6.5.2 Company Snapshot
6.5.3 Business Performance
6.5.4 Strategic Moves & Developments

6.6 Kao Corporation

6.6.1 Company Overview
6.6.2 Company Snapshot
6.6.3 Business Performance
6.6.4 Strategic Moves & Developments

6.7 Colgate-Palmolive Company

6.7.1 Company Overview
6.7.2 Company Snapshot
6.7.3 Business Performance
6.7.4 Strategic Moves & Developments

6.8 Shiseido Company

6.8.1 Company Overview
6.8.2 Company Snapshot
6.8.3 Business Performance
6.8.4 Strategic Moves & Developments

6.9 Beiersdorf Ag

6.9.1 Company Overview
6.9.2 Company Snapshot
6.9.3 Business Performance
6.9.4 Strategic Moves & Developments

6.10 Procter & Gamble Co.

6.10.1 Company Overview
6.10.2 Company Snapshot
6.10.3 Business Performance
6.10.4 Strategic Moves & Developments

List of Figures

FIG. 1 TOP IMPACTING FACTORS
FIG. 2 TOP WINNING STRATEGIES IN THE SKIN CARE PRODUCT MARKET (2014-2016)
FIG. 3 TOP WINNING STRATEGIES (%) (2014-2016)
FIG. 4 TOP INVESTMENT POCKETS
FIG. 5 PORTERS FIVE FORCES ANALYSIS OF SKIN CARE PRODUCT MARKET
FIG. 6 USE OF SKIN CARE PRODUCTS ON THE DAILY BASIS
FIG. 7 WORLD SKINCARE PRODUCTS MARKET REVENUE, BY PRODUCT TYPE (%), 2015
FIG. 8 WORLD FACE CREAM MARKET, YEAR ON YEAR GROWTH (%), 2015-2022
FIG. 9 WORLD SKIN BRIGHTENING CREAM MARKET ($ MILLION), Y-O-Y GROWTH (%), 2015-2022
FIG. 10 WORLD ANTI AGING CREAM MARKET ($ MILLION), Y-O-Y GROWTH (%), 2015-2022
FIG. 11 WORLD SUN PROTECTION CREAM MARKET ($ MILLION), Y-O-Y GROWTH (%), 2015-2022
FIG. 12 WORLD BODY LOTION MARKET, YEAR ON YEAR GROWTH (%), 2015-2022
FIG. 13 WORLD MASS MARKET BODY CARE LOTION MARKET ($ MILLION), Y-O-Y GROWTH (%), 2015-2022
FIG. 14 WORLD PREMIUM BODY CARE LOTION MARKET ($ MILLION), Y-O-Y GROWTH (%), 2015-2022
FIG. 15 WORLD SKINCARE PRODUCTS MARKET BY GEOGRAPHY, 2015(%)
FIG. 16 Y-O-Y GROWTH RATE OF NORTH AMERICA SKIN CARE PRODUCTS MARKET, 2015 - 2022
FIG. 17 Y-O-Y GROWTH RATE OF EUROPE SKIN CARE PRODUCTS MARKET, 2015 - 2022
FIG. 18 Y-O-Y GROWTH RATE OF ASIA-PACIFIC SKIN CARE PRODUCTS MARKET, 2015 - 2022
FIG. 19 Y-O-Y GROWTH RATE OF LAMEA SKIN CARE PRODUCTS MARKET, 2015 - 2022
FIG. 20 NET SALES OF JOHNSON & JOHNSON PRIVATE LIMITED, 2013-2015 ($MILLION)
FIG. 21 NET SALES OF THE ESTE LAUDER COMPANIES INC., 2013-2015 ($MILLION)
FIG. 22 NET SALES OF UNILEVER PLC, 2013-2015 ($MILLION)
FIG. 23 NET SALES OF AVON PRODUCTS INC., 2013-2015 ($MILLION)
FIG. 24 NET SALES OF L'ORAL S.A., 2013-2015 ($MILLION)
FIG. 25 NET SALES OF KAO CORPORATION, 2013-2015 ($MILLION)
FIG. 26 NET SALES OF COLGATE-PALMOLIVE COMPANY, 2013-2015 ($MILLION)
FIG. 27 NET SALES OF SHISEIDO COMPANY, 2013-2015 ($MILLION)
FIG. 28 NET SALES OF BEIERSDORF AG, 2013-2015 ($MILLION)
FIG. 29 NET SALES OF PROCTER & GAMBLE CO., 2013-2015 ($MILLION)

List of Tables

TABLE 1 WORLD SKIN CARE PRODUCTS MARKET SNAPSHOT
TABLE 2 WORLD FACE CREAM MARKET, ($MILLION), GROWTH (%), 2014-2022
TABLE 3 NORTH AMERICA FACE CREAM SKIN CARE PRODUCT MARKET, ($MILLION), GROWTH (%), 2014-2022
TABLE 4 EUROPE FACE CREAM MARKET, ($MILLION), GROWTH (%), 2014-2022
TABLE 5 ASIA PACIFIC FACE CREAM MARKET, ($MILLION), GROWTH (%), 2014-2022
TABLE 6 LAMEA FACE CREAM MARKET, ($MILLION), GROWTH (%), 2014-2022
TABLE 7 WORLD SKIN BRIGHTENING CREAM MARKET, ($MILLION), GROWTH (%) 2014- 2022
TABLE 8 NORTH AMERICA SKIN BRIGHTENING CREAM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 9 EUROPE SKIN BRIGHTENING CREAM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 10 ASIA PACIFIC SKIN BRIGHTENING CREAM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 11 LAMEA SKIN BRIGHTENING CREAM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 12 WORLD ANTI AGING CREAM MARKET, ($MILLION), GROWTH (%) 2014- 2022
TABLE 13 NORTH AMERICA ANTI AGING CREAM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 14 EUROPE ANTI AGING CREAM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 15 ASIA PACIFIC ANTI AGING CREAM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 16 LAMEA ANTI AGING CREAM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 17 WORLD SUN PROTECTION CREAM MARKET, ($MILLION), GROWTH (%) 2014- 2022
TABLE 18 NORTH AMERICA SUN PROTECTION CREAM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 19 EUROPE SUN PROTECTION CREAM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 20 ASIA PACIFIC SUN PROTECTION CREAM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 21 LAMEA SUN PROTECTION CREAM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 22 WORLD BODY LOTION MARKET, ($MILLION), GROWTH (%), 2014-2022
TABLE 23 NORTH AMERICA BODY LOTION MARKET, ($MILLION), GROWTH (%), 2014-2022
TABLE 24 EUROPE BODY LOTION MARKET, ($MILLION), GROWTH (%), 2014-2022
TABLE 25 ASIA PACIFIC BODY LOTION MARKET, ($MILLION), GROWTH (%), 2014-2022
TABLE 26 LAMEA BODY LOTION MARKET, ($MILLION), GROWTH (%), 2014-2022
TABLE 27 WORLD MASS MARKET BODY CARE LOTION MARKET, ($MILLION), GROWTH (%) 2014- 2022
TABLE 28 NORTH AMERICA MASS MARKET BODY CARE LOTION MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 29 EUROPE MASS MARKET BODY CARE LOTION MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 30 ASIA PACIFIC MASS MARKET BODY CARE LOTION MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 31 LAMEA MASS MARKET BODY CARE LOTION MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 32 WORLD PREMIUM BODY CARE LOTION MARKET, ($MILLION), GROWTH (%) 2014- 2022
TABLE 33 NORTH AMERICA PREMIUM BODY CARE LOTION MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 34 EUROPE PREMIUM BODY CARE LOTION MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 35 ASIA PACIFIC PREMIUM BODY CARE LOTION MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 36 LAMEA PREMIUM BODY CARE LOTION MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 37 NORTH AMERICA SKINCARE PRODUCTS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 38 U.S. SKINCARE PRODUCTS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 39 CANADA SKINCARE PRODUCTS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 40 MEXICO SKINCARE PRODUCTS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 41 EUROPE SKINCARE PRODUCTS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 42 U.K. SKINCARE PRODUCTS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 43 GERMANY SKINCARE PRODUCTS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 44 FRANCE SKINCARE PRODUCTS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 45 ITALY SKINCARE PRODUCTS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 46 REST OF EUROPE SKINCARE PRODUCTS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 47 ASIA-PACIFIC SKINCARE PRODUCTS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 48 CHINA SKINCARE PRODUCTS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 49 JAPAN SKINCARE PRODUCTS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 50 INDIA SKINCARE PRODUCTS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 51 REST OF ASIA-PACIFIC SKINCARE PRODUCTS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 52 LAMEA SKINCARE PRODUCTS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 53 LATIN AMERICA. SKINCARE PRODUCTS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 54 MIDDLE EAST SKINCARE PRODUCTS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 55 AFRICA SKINCARE PRODUCTS MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 56 JOHNSON & JOHNSON PRIVATE LIMITED SNAPSHOT
TABLE 57 THE ESTE LAUDER COMPANIES INC. SNAPSHOT
TABLE 58 UNILEVER PLC SNAPSHOT
TABLE 59 AVON PRODUCTS INC. SNAPSHOT
TABLE 60 L'ORAL S.A. SNAPSHOT
TABLE 61 KAO CORPORATION SNAPSHOT
TABLE 62 COLGATE-PALMOLIVE COMPANY SNAPSHOT
TABLE 63 SHISEIDO COMPANY SNAPSHOT
TABLE 64 BEIERSDORF AG SNAPSHOT
TABLE 65 PROCTER & GAMBLE CO. SNAPSHOT

 

The global skin care market has evolved rapidly over past few years, experiencing a significant shift in customers’ attitude toward skin care products. Hectic urban lifestyle, rise in disposable income, and increasing number of wellness savvy customers has supplemented the changing customer preferences. In the year 2015, Asia-pacific was the highest revenue generating region driven by the burgeoning middle class and swift innovations in personal care products market. Furthermore, Asian countries such as China and Japan remained global growth engines for the market.

The global skin care market is characterized with the presence of a large number of female users; however, the skin care products are attaining popularity within male customers as well. Manufacturers are engaged in delivering innovative products targeted to gain more customers. Moreover, increase in demand for organic and natural ingredients in skin care products is another factor that drives the growth of the market. However, limited shelf life of the skin care products and high price of natural and organic products are expected to create challenges for the market players.

Key players have adopted various strategies to remain competitive in the global skin care market. Merger & acquisition, product launch, partnership, and expansion are the key developmental strategies of these players, to expand their services and business across different geographies.

 

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