Cosmetic Skin Care Market – Snapshot
According to a new market report published by Transparency
Market Research titled “Cosmetic Skin Care Market (Product:
Antioxidants, Exfoliants, Masks, Eyecare, Moisturizers, and Serums;
Application: Topical and Surgical; Gender: Men and Women; Distribution Channel:
Online and Offline) - Global Industry Analysis, Size, Share, Growth, Trends,
and Forecast, 2019-2027,” the global cosmetic skin care market is expected to reach a value of
US$ 130.4 Bn by 2027. In terms of revenue, the market is estimated to expand at
a CAGR of 3.7% from 2019 to 2027. In terms of volume, the market stood at
around 2,853.7 Million units in 2017. The cosmetic skin care market in Asia
Pacific is expected to expand at a notable growth rate during the forecast
period both in terms of value (US$ Bn) and volume (Million Units). The market
in Asia Pacific witnessed considerable expansion due to increasing disposable
income in Japan, China, and India.
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The market dynamics of the global cosmetic skin care market
are subject to factors primarily related to the preference for organic cosmetic
skin care products and rising disposable incomes. In terms of gender, the women
segment is anticipated to account for a major share and reach a value of US$
112.45 Bn by 2027, expanding at a CAGR of 4.4% during the forecast period.
However, stricter implementation of government regulations regarding the
ingredients used in the cosmetic skin care products is a major factor restraining
the market. Nevertheless, the market is anticipated to expand due to rising
demand in Asia Pacific.
In 2017, In terms of product, the moisturizer segment
was valued at US$ 25.26 Bn. Moisturizers are used to treat dryness of the skin
through the topical application of lotions and creams on the affected parts of
the body. Based on application, the surgical cosmetic skin care segment
accounted for a relatively minor share of the market, in terms of value as well
as volume, as the adoption is not as high as the topical segment. The surgical
segment is anticipated to reach a value of US$ 29.71Bn by 2027, expanding at a
CAGR of 3.6% during the forecast period. In terms of distribution channel, the
online segment is anticipated to reach a value of US$ 20.15 Bn by 2027,
expanding at a CAGR of 5.2% during the forecast period. The online segment is
estimated to expand at a rapid pace during the forecast period, due to the
benefits of using e-commerce websites, which offer ease of use and enable
consumers to choose from a wide range of products.
Key players profiled
in the global cosmetic skin care market are:
Beiersdorf AG.srl, Coty Inc, Estée Lauder Inc, Galderma Laboratories L.P,
Johnson & Johnson Consumer Inc, L’ORÉAL PARIS, Procter & Gamble,
Revlon, Shiseido Company, and Unilever.
The global cosmetic skin care market has been segmented
as below.
Global Cosmetic Skin Care Market, by Product
- Antioxidants
- Exfoliants
- Masks
- Eyecare
- Moisturizers
- Serums
Global Cosmetic Skin Care Market, by Application
- Topical
- Surgical
Global Cosmetic Skin Care Market, by Gender
- Men
- Women
Global Cosmetic Skin Care Market, by Distribution
Channel
- Online
- Offline
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