Skincare Market Size, Share, Growth Analysis, By Type, By Price Range, By Ingredients, By Organic, By Occasion of Use, By Brand, By Gender, By End User, By Distribution Channel, By Region

Description

Global Skincare Market size was valued at USD 135.83 billion in 2022 and is poised to grow from USD 142.21 billion in 2023 to USD 205.36 billion by 2031, growing at a CAGR of 4.7% during the forecast period (2024-2031).

The skincare market is experiencing significant growth driven by increasing consumer awareness of appearance and skin quality, along with rising global spending power. A key opportunity lies in the surge of demand for organic skincare products, as manufacturers continuously introduce innovative beauty items derived from natural ingredients to attract health-conscious consumers. This trend reflects a growing awareness of the potential side effects associated with chemical-based alternatives. Personalized skincare products are also on the rise, aligning with consumer preferences for customized beauty solutions. As a result, creams, serums, and moisturizers made from natural ingredients are anticipated to see heightened demand in the upcoming forecast period. The US skincare market is positioned for sustainable growth, with a strong compound annual growth rate (CAGR) expected in the coming year.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Skincare market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Skincare Market Segmental Analysis

Global Skincare Market is segmented by type, price range, ingredients, organic, occasion of use, brand, gender, end user, distribution channel and region. Based on type, the market is segmented into cleansers, toners, moisturizers, exfoliators, sunscreens, serums and masks. Based on price range, the market is segmented into budget, mid-range, premium and luxury. Based on ingredients, the market is segmented into natural ingredients and synthetic ingredients. Based on organic, the market is segmented into organic skincare products and non-organic skincare products. Based on occasion of use, the market is segmented into daily use, special occasions and seasonal use. Based on brand, the market is segmented into high-end brands, drugstore brands and niche brands. Based on gender, the market is segmented into men, women and unisex. Based on end user, the market is segmented into adults, teenagers and children. Based on distribution channel, the market is segmented into online retail and offline retail. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Global Skincare Market

One of the prominent drivers of the global skincare market is the growing ease of access for consumers. With rapid and affordable delivery options, luxury brands are becoming more accessible, resulting in a shift from exclusivity to convenience. Consumers increasingly rely on digital platforms during their shopping journeys, prioritizing ease of use as a critical factor. In the beauty sector, convenience encompasses user-friendly store layouts, intuitive website designs, and straightforward product trial processes. This facilitates quick access to expert advice and recommendations, ultimately streamlining the decision-making process for shoppers and enhancing their overall experience in the skincare market.

Restraints in the Global Skincare Market

One of the significant restraints in the global skincare market is the proliferation of fake and counterfeit products sold at lower prices, particularly in many emerging and underdeveloped regions. These substandard products can undermine consumer trust in genuine skincare brands and create intense competition that hampers the sales of legitimate products. The presence of such pseudo products not only poses health risks to consumers but also complicates market dynamics by blurring the lines between authentic and fraudulent goods. As a result, established brands may find it increasingly challenging to maintain their market share and uphold their reputation amidst this ongoing battle against deception.

Market Trends of the Global Skincare Market

The global skincare market is witnessing a significant trend towards the incorporation of natural ingredients in products, driven by an escalating consumer demand for organic and clean-label offerings. Manufacturers are increasingly formulating products with herbal components to address concerns over synthetic additives and potential side effects, promoting a safer and more holistic approach to skincare. This shift enhances consumer confidence and encourages higher usage rates among individuals who prioritize wellness and environmentally-friendly options. As a result, brands that emphasize transparency and sustainability in their ingredient sourcing are poised to capture a larger share of the burgeoning skincare market.

Product Code: SQMIG30L2192

Introduction

Objectives of the Study
Scope of the Report
Definitions

Research Methodology

Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations

Executive Summary

Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis

Market Dynamics & Outlook

Market Overview
Market Size
Market Dynamics
- Driver & Opportunities
- Restraints & Challenges
Porters Analysis & Impact
- Competitive rivalry
- Threat of substitute
- Bargaining power of buyers
- Threat of new entrants
- Bargaining power of suppliers

Key Market Insights

Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2023
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Regulatory Landscape
Patent Analysis
Case Studies
Customer & Buying Criteria Analysis
Startup Analysis

Global Skincare Market Size by Type & CAGR (2024-2031)

Market Overview
Cleansers
- Face Wash
- Cleansing Oils
- Micellar Water
Toners
- Hydrating Toners
- Exfoliating Toners
Moisturizers
- Creams
- Lotions
- Gels
Exfoliators
- Physical Exfoliators
- Chemical Exfoliators
Sunscreens
- Physical Sunscreens
- Chemical Sunscreens
Serums
- Hydrating Serums
- Anti-Aging Serums
- Brightening Serums
Masks
- Sheet Masks
- Clay Masks
- Peel-Off Masks
Others

Global Skincare Market Size by Price Range & CAGR (2024-2031)

Market Overview
Budget
Mid-Range
Premium
Luxury

Global Skincare Market Size by Ingredients & CAGR (2024-2031)

Market Overview
Natural Ingredients
- Aloe Vera
- Green Tea
- Chamomile
Synthetic Ingredients
- Hyaluronic Acid
- Retinol
- Peptides

Global Skincare Market Size by Organic & CAGR (2024-2031)

Market Overview
Organic Skincare Products
Non-Organic Skincare Products

Global Skincare Market Size by Occasion of Use & CAGR (2024-2031)

Market Overview
Daily Use
Special Occasions
- Weddings
- Parties
Seasonal Use
- Summer
- Winter

Global Skincare Market Size by Brand & CAGR (2024-2031)

Market Overview
High-End Brands
Drugstore Brands
Niche Brands

Global Skincare Market Size by Gender & CAGR (2024-2031)

Market Overview
Men
Women
Unisex

Global Skincare Market Size by End User & CAGR (2024-2031)

Market Overview
Adults
Teenagers
Children

Global Skincare Market Size by Distribution Channel & CAGR (2024-2031)

Market Overview
Online Retail
- E-commerce Websites
- Brand Websites
Offline Retail
- Supermarkets
- Specialty Stores
- Department Stores

Global Skincare Market Size & CAGR (2024-2031)

North America, (Type, Price Range, Ingredients, Organic, Occasion of Use, Brand, Gender, End User, Distribution Channel)
- US
- Canada
Europe, (Type, Price Range, Ingredients, Organic, Occasion of Use, Brand, Gender, End User, Distribution Channel)
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific, (Type, Price Range, Ingredients, Organic, Occasion of Use, Brand, Gender, End User, Distribution Channel)
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
Latin America, (Type, Price Range, Ingredients, Organic, Occasion of Use, Brand, Gender, End User, Distribution Channel)
- Brazil
- Rest of Latin America
Middle East & Africa, (Type, Price Range, Ingredients, Organic, Occasion of Use, Brand, Gender, End User, Distribution Channel)
- GCC Countries
- South Africa
- Rest of Middle East & Africa

Competitive Intelligence

Top 5 Player Comparison
Market Positioning of Key Players, 2023
Strategies Adopted by Key Market Players
Recent Developments in the Market
Company Market Share Analysis, 2023
Company Profiles of All Key Players
- Company Details
- Product Portfolio Analysis
- Company's Segmental Share Analysis
- Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

L'Oreal
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Unilever
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Procter & Gamble
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Estee Lauder Companies Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Shiseido
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Beiersdorf AG
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Johnson & Johnson
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Coty Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Amorepacific Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Kao Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
LVMH Moet Hennessy Louis Vuitton SE
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Colgate-Palmolive Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Avon Products, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mary Kay Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Revlon, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Oriflame Holding AG
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Clarins Group
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Natura & Co.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
GlaxoSmithKline plc
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Henkel AG & Co. KGaA
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Skincare Market Size, Share, Growth Analysis, By Type, By Price Range, By Ingredients, By Organic, By Occasion of Use, By Brand, By Gender, By End User, By Distribution Channel, By Region - Industry Forecast 2024-2031