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 due to growing concerns over their potential health risks. Toxic compounds, such as parabens and phthalates, commonly used in chemical-based cosmetics, have been linked to irritation, allergic reactions, cancer, and Type II diabetes. In response, manufacturers are turning to natural raw materials like neem extracts, soybean, fish oil, aloe vera, and guar gum to create organic skincare products. These natural ingredients not only avoid harsh chemicals but also offer medicinal benefits to the skin. This trend signifies a promising future for organic skincare and cosmeceuticals in the market. 

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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
  • North America
    • Canada
    • US
  • Middle East and Africa
  • South America
    • Brazil

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

In urban areas, the cosmetic skin care market thrives on the demand for self-care essentials like creams, lotions, and powders from customers. Brands like Avon and cosmetic businesses supply these raw materials for skin nourishment, addressing concerns such as acne and sun protection through face creams, sunscreens, and body lotions. Innovative offerings, such as Naturium's sheet masks and Smile Performer's radiance and bounce products, fuel advertising activities. Beauty retail stores like Space NK cater to this propensity, offering a wide range of products to meet diverse skin care needs.

Market Research Overview

The global market for household and personal care products, as covered by Technavio, encompasses the R&D and production sectors of various product categories, such as cosmetics, perfumes, masks, sex toys, hair wigs and extensions, polarized sunglasses, and more. Notably, this market includes manufacturers of face creams, lotions, body lotions, and creams for addressing concerns like acne and black spots, which cater to the growing demand for skincare solutions. The market's expansion is driven by the increasing disposable income, enabling consumers to allocate more funds towards luxury and lifestyle-related purchases.. 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/