Global Skin Care Products Industry was valued at USD 137 Billion in the year 2017. Global Skin Care Products Industry is further estimated to grow at a CAGR of 4.8 % from 2019 to reach USD 198.7 Billion by the year 2025. The North America region holds the highest Industry share in 2017 and the Asia Pacific is considered as the fastest growing Industry in the forecasted period. At the country level, India and China are projected to grow strongly in the coming years due to increasing rate of population.
Major market players in the Skin Care Products Industry are Johnson & Johnson, The Estee Lauder Companies Inc., Unilever, New Avon Llc, Loreal, Kao Corporation, Colgate-Palmolive Company, Shiseido Company Ltd, Best Sanitizers Inc., Beiersdorf, and brief overview of 10 companies is also provided in the report. Rising research and development expenses cater to changing demand of end users. Similarly, growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT Analysis of Skin Care Products Industry:
Rising awareness towards skin care.
Changing lifestyle and climatic changes.
Widening of distribution networks of manufacturers
Limited shelf life of skin care products.
High price of natural and organic skin products
Focus on research and development.
High investments in emerging countries.
Intense competition among the producers.
Lack of trust in online marketing of skin products.
The Global Skin Care Products Industry report is segmented as By Product, Distribution Channel, End Use and Region. The Product segment, is divided into two segments, face cream and body lotion. Face cream contributes to the highest Industry share. The Distribution Channel is divided into, marketing, departmental stores, pharmacy and drug stores, specialty stores, beauty salons, internet retailing and shopping complexes. Departmental stores segment have the highest share in the Industry as a result of changing lifestyle and growing focus on skin care especially among the younger generation.
Skin Care Products Industry Segmentation:
By End Use
• Older people
By Distribution Channel
• Departmental stores
• Pharmacy and drug stores
• Specialty stores
• Beauty salons
• Internet Retailing
• Shopping complexes
• Face cream
• Body Lotion
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa