Latest News:- Professional Skincare Market: Face skincare products is expected to lead the Product Type segment during 2024-2028

Professional Skincare Market to grow at a CAGR of 5.31% during 2024-2028

The Professional Skincare Market is expected to grow at a CAGR of 5.31% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 4223.6 million. The professional skincare market is witnessing a significant shift towards organic and natural skincare products due to growing consumer concerns regarding the potential adverse effects of synthetic ingredients. Synthetic skincare products have been linked to various skin issues, including irritation, allergies, nerve damage, and discoloration. In response, skincare product manufacturers are expanding their product lines to include organic offerings, made with natural and organic ingredients such as plant extracts, essential oils, aloe vera, turmeric, and olive oil. This strategic move not only caters to the evolving consumer preferences but also enables vendors to differentiate themselves from competitors in the global professional skincare market. 

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The Face skincare products subsegment is expected to dominate the Product Type segment during the forecast period 

Technavio analysts predict that the Face skincare products subsegment will lead the Product Type segment during 2024 and 2028 The professional skincare market for face care products holds a significant market share within the global skincare industry. This dominance is attributed to the increasing consumer awareness of the advantages offered by professional skincare solutions. The aging population's expansion is fueling the demand for anti-aging professional skincare products, which target concerns such as wrinkles, dark spots, dark circles, hyperpigmentation, and uneven skin tones. In response to this burgeoning demand, manufacturers are innovating with specific solutions, incorporating UV absorbers and creating multifunctional and natural products. The face skincare segment's growth is primarily driven by the expanding cosmetics industry.

Here are the various ways based on which the market is segmented: 

• Product Type
  • Face skincare products
  • Body skincare products
• Distribution Channel
  • Offline
  • Online
• Geography
  • APAC
  • Europe
  • North America
  • South America
  • Middle East and Africa

Reasons to Purchase the Global Professional Skincare Market Market Research Report by Technavio. What is in it for you?

• Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
• Insight into Current Market Trends: Our research reports provide our readers insights into the latest market intelligence, competitor strategies, market trends, changes taking place in the industry and customer preferences, forecasted market opportunities that influence them to make better business decisions
• High ROI with Extensive Hands-on Research: Technavio is renowned for offering personalized market research reports as per unique business needs, delving deep into specific markets, product segments and demographics. Additionally, it is also well-known for providing high return on investments through its wide collection of data at pocket-friendly rates

There are several factors that are causing the market to flourish product innovation and product line extension leading to product premiumization

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The professional skincare market is a thriving industry, catering to the diverse needs of men and women seeking to achieve a fresh, revitalized look. This market encompasses a wide range of beauty products, including creams, serums, and lotions, designed to address various skin patterns and conditions. Creams offer rich hydration, ideal for dry skin, while serums deliver targeted nutrients to revitalize cells and improve skin health. Lotion provides a lightweight alternative for normal to oily skin types. Cosmetic businesses continually innovate, creating solutions for skin issues such as itchy skin, patchy skin, scars, burns, and other skin conditions caused by UV rays or personal grooming practices. Awareness of skin health continues to grow, with an increasing focus on cleansing, moisturizing, and addressing specific skin types and conditions. Men and women alike are seeking effective, high-quality skincare solutions to maintain good skin and address skin issues. Skincare patches offer a convenient, targeted approach to addressing various concerns, making professional skincare an essential part of personal grooming routines.

Market Research Overview

The global personal care market encompasses the production and research and development of a range of products, including cosmetics, perfumes, masks, hair extensions and wigs, sex toys, and polarized sunglasses. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers in this sector. Factors driving growth in this market include the positive correlation between disposable income and discretionary spending, which encompasses expenditures on luxury and lifestyle-related items. Increasing consumer awareness towards personal grooming and the rising trend of self-care are additional growth-inducing factors.

The Professional Skincare Market is experiencing significant growth, fueled by the product innovation and product line extension leading to product premiumization. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Contacts

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