NEW YORK, May 13, 2022 /PRNewswire/ — The global cosmetic skin care market is set to grow by USD 38.03 billion between 2020 and 2025, accelerating at a CAGR of 4.82{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720} during the forecast period. The market is segmented by product (face skincare products, body skincare products, and others) and geography (APAC, Europe, North America, and South America). The report provides detailed insights into how vendors are performing in terms of revenue generation, market position, product launches, and customer base among others.
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Key takeaways from cosmetic skin care market study
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Cosmetic skin care market size to increase by USD 38.03 billion at 4.82{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720} CAGR between 2020 and 2025
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4.21{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720} year-over-year growth expected in 2021
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50{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720} market growth to originate in APAC during the forecast period
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Face skincare products segment for maximum growth in the market in 2021
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Dominant vendors include Beiersdorf AG, CHANEL Ltd., Groupe Clarins, Johnson & Johnson Services Inc., L’Oreal SA, Revlon Inc., Shiseido Co. Ltd., The Estée Lauder Companies, The Procter & Gamble Co., and Unilever PLC .
Cosmetic skin care Market: Key segment analysis
The face skincare products segment will generate maximum revenue in the market during the forecast period. Face skin care products have gained a lot of popularity, as they protect, hydrate, fight wrinkles, tighten, and replenish face skin to keep the skin radiant and healthy-looking. These benefits are driving the growth of the segment. The increase in the older population and advances in the technology used in manufacturing face skincare products are some of the other factors driving the growth of the segment.
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Cosmetic Skin Care Market: Growth Drivers and Restraints
The cosmetic skin care market is driven by the growing population in the age group of 30-50 years. The rise in pollution, stress, unhealthy eating habits, and changes in climate are creating an adverse impact on the collagen and elastic fibers of the skin. In addition, several intrinsic and extrinsic aging factors are leading to changes in facial appearance, including loss of skin elasticity and the production of collagen, especially among people aged between 30 and 50 years. These factors have resulted in an increase in the demand for cosmetic skin care products among consumers to achieve flawless-looking skin, enhancing the overall appearance. With the expanding population in the age group of 30-45 years worldwide, the demand for cosmetic skincare products is expected to increase significantly during the forecast period.
“Although rapid urbanization and the presence of premium brands will further boost the market growth, the high cost of cosmetic skin care products might reduce the growth opportunities for market players”, says an analyst at Technavio.
The cosmetic skin care market report answers questions such as:
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Is the market structure fragmented or concentrated?
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What was the market size in 2020 and the forecast for the cosmetic skin care market through 2025?
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Which are the best segment areas to invest in over the forecast period?
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What is the market share of dominant and strong vendors in the cosmetic skin care market?
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What are the latest trends and regulatory frameworks in the cosmetic skin care market?
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Related Reports:
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Cosmetic Skin Care Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.82{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720} |
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Market growth 2021-2025 |
USD 38.03 billion |
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Market structure |
Fragmented |
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YoY growth ({5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720}) |
4.21 |
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Regional analysis |
APAC, Europe, North America, and South America |
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Performing market contribution |
APAC at 50{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720} |
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Key consumer countries |
US, China, Japan, and Germany |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Beiersdorf AG, CHANEL Ltd., Groupe Clarins, Johnson & Johnson Services Inc., L’Oreal SA, Revlon Inc., Shiseido Co. Ltd., The Estée Lauder Companies, The Procter & Gamble Co., and Unilever PLC |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table Of Contents :
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
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Email: [email protected]
Website: www.technavio.com/
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SOURCE Technavio
