Cosmetic Skin Care Market Size to grow by USD 83.6 billion between 2024-2028
According to a research report “ Cosmetic Skin Care Market” by Product (Face skincare products, Body skincare products, Others) Distribution Channel (Offline, Online) Geography (APAC, Europe, North America, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 83.6 billion, at a CAGR of 8.58% during the forecast period. The global cosmetic skin care market is experiencing significant growth due to the increasing population demographic of middle-aged individuals (30-45 years old) worldwide. This age group is increasingly concerned with maintaining a youthful appearance and improving overall skin health. However, the aging process, both intrinsic and extrinsic, presents unique challenges. Intrinsic aging, or chronological aging, results in changes to the skin such as loss of elasticity, collagen production decrease, and the emergence of lines, wrinkles, and hyperpigmentation. Extrinsic aging, caused by external factors like climate, pollution, stress, and diet, damages the dermis and negatively impacts collagen and elastic fibers. This dual-pronged aging process drives the demand for advanced cosmetic skin care solutions.
Browse market data tables, figures, and in-depth TOC on “Cosmetic Skin Care Market” by Product (Face skincare products, Body skincare products, Others) Distribution Channel (Offline, Online) Geography (APAC, Europe, North America, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample
By Product, the Face skincare products segment is projected to dominate the market size in 2024
The cosmetic skin care market represents a significant business opportunity, with increasing consumer awareness and preference for aesthetically pleasing appearances. Brands that offer high-quality, scientifically-backed products and innovative solutions are poised to capture market share. The industry's growth is driven by factors such as rising disposable income, changing demographics, and the increasing popularity of e-commerce platforms. Companies must prioritize research and development to cater to evolving consumer needs and preferences.
By Distribution Channel, Offline segment is expected to hold the largest market size for the year 2024
The cosmetic skin care market represents a significant business opportunity, with increasing consumer awareness and preference for aesthetically pleasing appearances. Brands that offer high-quality, scientifically-backed products, and innovative solutions are poised to capture market share. Market research indicates continued growth, driven by demographic trends, consumer preferences, and technological advancements. Companies must prioritize product development, strategic marketing, and customer engagement to capitalize on this expanding industry.
APAC is forecasted to hold the largest market size by region in 2024
The cosmetic skin care market represents a significant business opportunity, with increasing consumer awareness and demand for effective, high-quality products. Brands that prioritize research and development, innovative formulations, and sustainable practices are poised to capture market share. This sector's growth is driven by demographic shifts, cultural influences, and technological advancements, making it an exciting and competitive industry for businesses.
The Cosmetic Skin Care Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
.
For insights on company offerings- Request a sample report!
Research Analysis Overview
The cosmetic skin care market is thriving, with a focus on bounce and radiance as key desirable qualities for customers in urban areas. Brands like Smile Performer are innovating with sheet masks and other self-caring products to meet this demand. Advertising activities are centered around the promise of improved propensity for happier, healthier-looking skin. Raw material supplies are crucial for cosmetic businesses, with a growing emphasis on natural and sustainable ingredients. Space NK and Naturium are leading the charge, offering body lotions, sunscreens, face creams, and more, all infused with natural ingredients. Acne treatment remains a significant segment of the market, with a range of lotions, creams, and powders available from brands like Avon. Self-care is a growing trend, with an increasing number of customers seeking out high-quality skin nourishment products. As the market continues to evolve, we can expect to see even more innovative products and advertising activities from beauty retail stores, ensuring that customers have access to the best possible skin care solutions.
Market Research Overview
The cosmetic skin care market is a thriving industry that caters to the needs of women, who are increasingly becoming more conscious about their skin health in urban areas with harsh environmental conditions. The market offers a wide range of innovative products, from wild-harvested extracts and vitamin C serums to hydrating hyaluronic acid creams and shielding sunscreens. With the rising population and rapid urbanization, the propensity for skin issues such as rashes, peeling, and sensitivity to synthetic products is on the rise. Vitamin C, a potent antioxidant, is a popular ingredient in skincare, known for its radiance-boosting and anti-aging properties. However, the harsh effects of UV rays, pollution, and blue light can harm the skin, leading to the need for sun protection and anti-pollution serums. Customers are increasingly seeking natural and organic skincare products with vegan ingredients, and companies like Biologi and Naturium are leading the charge. Self-caring rituals, such as cleansing, toning, and applying sheet masks, have become essential self-care practices. Affordable skincare products are also gaining popularity, with brands like Avon and Unilever offering a wide range of cleansers, toners, and moisturizers in tubes and bottles. The market also offers treatments for specific skin issues, such as acne, scars, and black spots, as well as exfoliating scrubs and anti-wrinkle creams. With the increasing awareness of the harmful effects of plastic pollution, many consumers are turning to eco-friendly and biodegradable packaging for their self-caring products. Beauty salons and cosmetic stores offer a variety of face masks, lotions, and creams to help protect and nourish the skin, ensuring a smiling impression for all.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
