Global Skin Care Products Market to Reach US$ 230.1 Billion by 2032, Stimulated by Increasing Beauty Consciousness

September 15, 2023 | Retail

According to the latest report by IMARC Group, titled “Skin Care Products Market Report by Product Type (Face Cream, Body Lotion), Ingredient (Chemical, Natural), Gender (Male, Female, Unisex), Distribution Channel (Supermarkets and Hypermarkets, Beauty Parlours and Salons, Multi Branded Retail Stores, Online, Exclusive Retail Stores, and Others), and Region 2024-2032,” the global skin care products market size reached US$ 159.7 Billion in 2023. Skin care products are formulations specially designed to nourish, protect, and enhance the appearance of the skin. They encompass a wide range of products such as cleansers, moisturizers, serums, sunscreens, and more, each tailored to address specific skin types or conditions. They are comprised of various ingredients, such as vitamins, minerals, botanical extracts, and other essential compounds. They work to hydrate, replenish, and fortify the skin's natural barrier. These products are commonly used in daily routines by individuals seeking to maintain a healthy complexion and mitigate issues, including dryness, aging, or acne. Additionally, they are an integral part of personal care and are available in various formulations to cater to different consumer needs, including organic, anti-aging, and therapeutic products. They reflect a blend of science, aesthetics, and personal care, embodying the continual pursuit of achieving and maintaining healthy and radiant skin.


Global Skin Care Products Market Trends:

The global skin care products market is witnessing substantial growth, influenced by the rising awareness of skin health and the importance of maintaining a youthful and vibrant appearance. Along with this, consumers, increasingly informed and conscious, are seeking products that align with their skin types, concerns, and lifestyles. Moreover, the growing influence of social media, celebrity endorsements, and beauty influencers is further propelling the desire for quality skin care products. In addition, the burgeoning e-commerce channels provide easy accessibility, offering a wide array of products that cater to different demographics. There is also a marked shift towards natural and organic products, reflecting a global trend toward health and sustainability. This trend is seen in the growing demand for skin care products free from parabens, sulfates, and synthetic fragrances, coupled with the rise of eco-friendly packaging. Furthermore, technological advancements in formulations and the introduction of personalized and customized skin care solutions are defining new pathways for the industry. Some of the other factors driving the market include evolving consumer needs, preferences, and continuous innovation. Looking forward, the market value is projected to reach US$ 230.1 Billion by 2032, expanding at a CAGR of 4% during 2024-2032.


Market Summary:

  • Based on the product type, the market has been segmented into face cream (skin brightening, anti-aging, and sun protection creams) and body lotion (mass body care, premium body care, and others). Among these, face cream represents the largest segment.
  • On the basis of the ingredient, the market is segregated into chemical and natural. Presently, chemical ingredient account for the largest market share.
  • Based on the gender, the market has been segmented into male, female, and unisex. Amongst these, female account for the largest market share.
  • On the basis of the distribution channel, the market is segregated into supermarkets and hypermarkets, beauty parlors and salons, multi branded retail stores, online, exclusive retail stores, and others. Presently, exclusive retail stores represent the largest segment.
  • Region-wise, the market has been segmented into Europe, North America, Asia Pacific, Middle East and Africa, and Latin America. Among these, Asia Pacific holds the largest market for skin care products.
  • The competitive landscape of the market has also been examined, with some of the key players being The Estée Lauder Companies, Johnson & Johnson Services, Inc., Unilever PLC/NV, New Avon Company, L’OREAL S.A., Kao Group, Colgate-Palmolive Company, Shiseido Co Ltd., Beiersdorf AG, The Procter & Gamble Company, and Revlon Consumer Products Corporation.


Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Product Type
  • Ingredient
  • Gender
  • Distribution channel
  • Region
Product Types Covered
  • Face Cream: Skin Brightening Cream, Anti-Aging Cream, Sun Protection Cream
  • Body Lotion: Mass Body Care, Premium, Body Care, Others
Ingredients Covered Chemical, Natural
Genders Covered Male, Female, Unisex
Distribution Channels Covered Supermarkets and Hypermarkets, Beauty Parlours and Salons, Multi Branded Retail Stores, Online, Exclusive Retail Stores, Others
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Johnson & Johnson Services, Inc., The Estée Lauder Companies., Unilever PLC/NV, New Avon Company, L’OREAL S.A., Kao Group, Colgate-Palmolive Company, Shiseido Co., Ltd., Beiersdorf AG, The Procter & Gamble Company, Revlon Consumer Products Corporation, etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.


Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Skin Care Products Market to Reach US$ 230.1 Billion by 2032, Stimulated by Increasing Beauty Consciousness
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More