PUBLISHER: DataM Intelligence | PRODUCT CODE: 1297789
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1297789
Global Skin Lightening Products Market - 2023-2030
Market Overview
The Global Skin-Lightening Products Market reached US$ 9,980 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 16,861.07 million by 2030. The skin-lightening products market is expected to exhibit a cagr of 6.8% during the forecast period (2023-2030).
Skin-lightening products may aid in attaining consistent skin tone, eliminating spots, and reducing pigmentation and contusion. Encountering a therapy for skin issues like age marks and pimple spots removal is evolving as the most favored. Producers are presenting lighting products to satisfy the diverse needs of customers.
Market Dynamics
The Increasing Number Of Market Developments Is Driving The Global Skin-Lightening Products Market In The Forecast Period.
The increasing market developments such as product introductions, product approvals, acquisitions, collaborations, mergers, expansion, and investments among others are driving the global skin-lightening products market growth during the forecast period. For instance, in March 2022, Procter & Gamble an American multinational consumer goods company established a renewed Specialty Beauty department for high-end developments under its multinational P&G Beauty industry.
The Growing Demand For Skin-Lightening Products By Men Is Providing The Global Skin-Lightening Products Market With Prospective Growth Opportunities.
The growing demand for skin-lightening products by men is presenting the global skin-lightening product market with prospective growth opportunities in upcoming years. For instance, a major shift in the mindset of males is being observed wherein the opinion that appearance is associated with possibilities of success is conceivable to push the boost in demand for beauty developments for males.
COVID-19 Impact Analysis
The COVID-19 analysis includes Pre-COVID Scenario, COVID Scenario, and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it to pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
Russia-Ukraine War Impact Analysis
The Ukrainian cosmetics business has encountered a significant impact from Russia's invasion, pushing multiple manufacturers to suspend production and shut their corporations. According to Ukraine's educational research service Na Urok, the cosmetics market is one of the biggest in Ukraine, only after tobacco, alcohol, and food. Ukraine's business metropolises, like Dnipro and Kharkiv, are home to many domestic personal care and cosmetics product producers, and multinational producers including Oriflame, L'Oreal, and Henkel. Nevertheless, Russia's incursion and its bombardment of significant Ukrainian metropolises have halted movement at this fast-growing domestic enterprise. According to UN estimations, invariant if the warfare in Ukraine concludes shortly, Ukraine's GDP will decrease by 10%, shutting down multiple domestic manufacturers in the process, thereby negatively impacting the global skin-lightening products market growth.
Global Recession Impact Analysis
The global recession has had a significant impact on the global skin-lightening products market owing to the increased prices of transport and manufacturing among others. For instance, according to the U.S. Labor Department, the consumer-price index, a vastly observed inflation meter, grew 7.9% from February 2021 and 2022, the most rapid yearly inflation in four decades. The bump is a consequence of a few aspects hooked to the continued supply chain trouble, which has affected the price of components, and the cost of shipment and transport. In the United States, gasoline costs have skyrocketed beyond highs last witnessed in 2008, a rise that is expected to eat into customers' capacity to disburse additional interest. Furthermore, the national labor deficiency is at a history tall, up almost 30% since pre-pandemic.
Artificial Intelligence Impact Analysis
Artificial intelligence has positively impacted the global skin-lightening market as the employment of AI has increased consumer engagement. For instance, the mixture of AI and AR has directed additional creative solutions and bigger possibilities for retail. Smart assistants and development proposals have completed basic suitable functions. The solution examines customers' characteristics like skin type, hair and eye color, and choices, presenting the ideal beauty product matches.
Segment Analysis
The global skin-lightening products market is segmented based on product type, nature, end-user, distribution channel, and region.
The Serum Product Type Segment Is Estimated To Hold A 27.2% Share Of The Global Market By 2030.
Owing to the increasing product launches the serum product type segment is estimated to hold 27.2% of the global skin-lightening products market by 2030. For instance, For instance, in June 2022, Biologi, an Australian clean cosmeceutical company, revealed an anti-pollution serum with a wild-harvested extract including niacinamide, salicylic acid, and vitamin C.
Geographical Analysis
Europe is Estimated To Hold The Second-Largest Share Of The Global Skin Lightening Products Market During The Forecast Period.
Owing to the presence of a large number of key market players holding the majority of market share in this region is ensuring that Europe will hold around 25.1% of the total skin-lightening product market by 2030. For instance, L'Oreal S.A., Avon Products, Inc., and Beiersdorf AG, among others holding around 35% of the total market are headquartered in the Europe region.
Competitive Landscape
The major global players in the market include: Procter & Gamble Co, L'Oreal S.A., Avon Products, Inc., The Estee Lauder Companies Inc., Beiersdorf AG, Unilever plc, Shiseido Company Limited, E.T. Browne Drug Co., Inc., Emami Ltd., and Kao Corporation among others.
Why Purchase the Report?
- To visualize the global skin-lightening products market segmentation based on product type, nature, end-user, distribution channel, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of skin-lightening products market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global skin-lightening products market report would provide approximately 53 tables, 54 figures, and 195 pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
Table of Contents
1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary
- 3.1. Snippet by Product Type
- 3.2. Snippet by Nature
- 3.3. Snippet by End-User
- 3.4. Snippet by Distribution Channel
- 3.5. Snippet by Region
4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Drivers
- 4.1.1.1. Product Advancements.
- 4.1.1.2. Market Developments.
- 4.1.2. Restraints
- 4.1.2.1. Stringent Regulatory Authorities.
- 4.1.3. Opportunity
- 4.1.4. Government Initiatives
- 4.1.5. Impact Analysis
- 4.1.1. Drivers
5. Industry Analysis
- 5.1. Porter's 5 Forces Analysis
- 5.2. Regulatory Analysis
- 5.3. Pricing Analysis
- 5.4. Patent Analysis
- 5.5. PEST Analysis
6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID-19
- 6.1.2. Scenario During COVID-19
- 6.1.3. Post COVID-19 & Future Scenario
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During the Pandemic
- 6.5. Manufacturers' Strategic Initiatives
- 6.6. Conclusion
7. Russia-Ukraine War Analysis
8. Global Recession Analysis
9. Artificial Intelligence Impact Analysis
10. By Product Type
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 10.1.2. Market Attractiveness Index, By Product Type
- 10.2. Creams and Lotions
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.2.3. Serum and Toner
- 10.2.4. Scrubs
- 10.2.5. Gels
- 10.2.6. Foam
- 10.2.7. Others
11. By Nature
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 11.1.2. Market Attractiveness Index, By Nature
- 11.2. Natural*
- 11.2.1. Introduction
- 11.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 11.3. Synthetic
- 11.4. Organic
12. By End-User
- 12.1. Introduction
- 12.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 12.1.2. Market Attractiveness Index, By End-User
- 12.2. Men
- 12.2.1. Introduction
- 12.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 12.3. Women
13. By Distribution Channel
- 13.1. Introduction
- 13.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 13.1.2. Market Attractiveness Index, By Distribution Channel
- 13.2. Hypermarket/Supermarket
- 13.2.1. Introduction
- 13.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 13.3. E-commerce
- 13.4. Convenience Stores
- 13.5. Specialty Stores
- 13.6. Others
14. By Region
- 14.1. Introduction
- 14.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 14.1.2. Market Attractiveness Index, By Region
- 14.2. North America
- 14.2.1. Introduction
- 14.2.2. Key Region-Specific Dynamics
- 14.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 14.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 14.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 14.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 14.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 14.2.7.1. The U.S.
- 14.2.7.2. Canada
- 14.2.7.3. Mexico
- 14.3. Europe
- 14.3.1. Introduction
- 14.3.2. Key Region-Specific Dynamics
- 14.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 14.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 14.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 14.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 14.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 14.3.7.1. Germany
- 14.3.7.2. The U.K.
- 14.3.7.3. France
- 14.3.7.4. Italy
- 14.3.7.5. Spain
- 14.3.7.6. Rest of Europe
- 14.4. South America
- 14.4.1. Introduction
- 14.4.2. Key Region-Specific Dynamics
- 14.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 14.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 14.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 14.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 14.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 14.4.7.1. Brazil
- 14.4.7.2. Argentina
- 14.4.7.3. Rest of South America
- 14.5. Asia-Pacific
- 14.5.1. Introduction
- 14.5.2. Key Region-Specific Dynamics
- 14.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 14.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 14.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 14.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 14.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 14.5.7.1. China
- 14.5.7.2. India
- 14.5.7.3. Japan
- 14.5.7.4. Australia
- 14.5.7.5. Rest of Asia-Pacific
- 14.6. Middle East and Africa
- 14.6.1. Introduction
- 14.6.2. Key Region-Specific Dynamics
- 14.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
- 14.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Nature
- 14.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 14.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
15. Competitive Landscape
- 15.1. Competitive Scenario
- 15.2. Market Share Analysis
- 15.3. Mergers and Acquisitions Analysis
16. Company Profiles
- 16.1. Procter & Gamble Co.
- 16.1.1. Company Overview
- 16.1.2. Product Portfolio and Description
- 16.1.3. Financial Overview
- 16.1.4. Key Developments
- 16.2. L'Oreal S.A.
- 16.3. Avon Products, Inc.
- 16.4. The Estee Lauder Companies Inc.
- 16.5. Beiersdorf AG
- 16.6. Unilever plc
- 16.7. Shiseido Company Limited
- 16.8. E.T. Browne Drug Co., Inc.
- 16.9. Emami Ltd.
- 16.10. Kao Corporation
LIST NOT EXHAUSTIVE
17. Appendix
- 17.1. About Us and Services
- 17.2. Contact Us
