Beiersdorf AG, CHANEL Ltd., Johnson & Johnson, Revlon Inc., Shiseido Co. Ltd., The Estee Lauder Companies Inc., The Procter & Gamble Co., and Unilever Group are some of the key vendors
With an accelerating CAGR of about 6%, the Skincare products market is set to grow by $ 50.04 billion during the forecast period. Technavio research provides an in-depth analysis of the market across the different geographical segments. The report traces the growth trajectory of the market over recent years with a purview to the prevalent market scenario. It offers a thorough analysis of all the trends, drivers and challenges that are likely to impact the market during the forecast period. The report presents offers a competitive analysis with insights on the key market players, financials, and leading product lines. This analysis will equip our clients with all the information needed to plan a post-pandemic growth strategy.
Skincare Products Market: APAC to lead market growth during the forecast period
The report provides insights into the following FAQs:
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Skincare Products Market Size to Grow by $ 50.04 billion through 2021-2025 | Forecast and Trend Analysis
Technavio has been monitoring the skincare products market and it is expected to grow by $ 50.04 billion, accelerating at a CAGR of almost 6% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Skincare Products Market: Emerging Trends to Impact Market Growth
Rising demand for multifunctional skincare products to emerge as a key trend in the skincare products market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.
Skincare Products Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Beiersdorf AG, CHANEL Ltd., Groupe Clarins, Johnson & Johnson, Revlon Inc., Shiseido Co. Ltd., The Estee Lauder Companies Inc., The Procter & Gamble Co., and Unilever Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
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Technavio has been monitoring the gobal skincare products market and it is expected to grow by USD 50.04 billion, accelerating at a CAGR of about 6% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report
Skincare Products Market: Segmentation by Product
Face skincare products segment led the market in recent years owing to a rise in indulgence in facial skincare regimes. Also, vendors are constantly introducing improved products that protect, hydrate, tighten, and replenish facial skin and fight wrinkles. Products that offer a blemish-less appearance to the skin have gained significant popularity. Other factors that are contributing to the growth of the segment include advances in the technology that is used for the manufacture of facial skincare products. Therefore, the growth of the market is expected to be significant during the forecast period.This report provides an accurate prediction of the contribution of all the segments to the growth of the skincare products market size.
Skincare Products Market: Segmentation by Geography
APAC was the largest Skincare Products Market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. The rising demand for multifunctional skincare products is one of the prime factors that will facilitate the skincare products market growth in APAC over the forecast period. 48% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for skincare products in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
