Latest News- Cosmetic Skin Care Market: Face skincare products is expected to lead the Product segment during 2025-2029

The Cosmetic Skin Care Market is being driven by Growing population in age group of 30-50 years

The Cosmetic Skin Care Market is expected to grow at a CAGR of 9.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 101.9 billion. The cosmetic industry is witnessing a significant shift in consumer preferences towards organic and chemical-free skincare solutions. Chemical-laden cosmetics and cosmeceuticals are being replaced by natural alternatives, as consumers become increasingly conscious of the potential health risks associated with toxic compounds. Parabens and phthalates, commonly used in chemical-based cosmetics, have been linked to cancer and Type II diabetes, among other health issues. In response, manufacturers are turning to natural raw materials such as neem extracts, soybean, fish oil, aloe vera, and guar gum, to create organic skincare products that are free from harsh chemicals and offer medicinal benefits to the skin. This trend is expected to continue, as consumers prioritize their health and wellbeing over conventional beauty standards. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Face skincare products
  • Body skincare products
  • Others
• Distribution Channel
  • Offline
  • Online
• End User
  • Women
  • Men
• Price Point
  • Mass
  • Premium
• Geography
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • North America
    • Canada
    • US
  • Middle East and Africa
    • Egypt
  • South America
    • Brazil
    • Argentina

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing population in age group of 30-50 years
• Rapid urbanization
• Presence of premium brands

However, the market also witnesses some limitations, which are as follows:

• High cost of cosmetic skin care products
• Presence of pseudo-natural ingredients in skin care products
• Stringent regulations

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Market Scope in Cosmetic Skin Care Market Research Report

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Research Analysis Overview

The Cosmetic Skin Care Market encompasses a range of products including skin brightening solutions, firming creams, anti-aging serums, and moisturizing lotions. The efficacy of sunscreens is a key consideration, with dermatological testing ensuring safety and product stability. Sensory evaluation, texture analysis, and ph measurement are important for consumer perception. Ingredient safety, absorption rate, and ingredient interaction are also crucial, with patch testing and allergen detection used to identify potential issues. Preservation methods, packaging materials, sustainability practices, and supply chain traceability are essential for maintaining quality, while efficacy claims are backed by clinical evidence and consumer reviews.

Market Research Overview

The global personal care products market encompasses the production and research and development of various categories, including cosmetics, perfumes, masks, sex toys, hair wigs and extensions, and polarized sunglasses. According to Technavio, market growth is attributed to the rise in disposable income, leading to increased expenditure on luxury and lifestyle-related products such as skin care. Key product innovations in this sector include advanced formulations with skin barrier function enhancers, collagen synthesis boosters like hyaluronic acid serums, and retinol formulations with antioxidant properties, all contributing to the market's expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/