Technological advancement in the skin care market combined with development of innovative products providing effective results and ease of use are contributing to the growth of this industry. The increasing demand for anti-ageing products and growing concern for the use of natural and organic skin care products are the major factors driving the skin care industry.
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The growing consumer concern for the use of natural and organic skin care products is encouraging new manufacturers to enter the market. Intense competition can pose a serious challenge to the growth of the skin care industry owing to reduction in quality to reduce the overall cost of skin care products.
Among all the geographies the U.S. and Europe has the maximum potential both in terms of value and volume, whereas, Asia-Pacific is also expected to witness significant growth in the coming years owing to the increasing concern of the growing population about personal care and hygiene.
Market Segmentation:
Segmentation Based on Products-
- Facial Care
- Moisturizers
- Cleansers
- Anti UV Products
- Whitening Products
- Body Care
- Hand and Body Lotions
- Personal Wash Products
- Bar Soaps
- Liquid Soaps
- North America
- Asia-Pacific
- Europe
- Rest of the World
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Major Players:
Some of the major players dominating this market are Unilever, Procter & Gamble, Johnson & Johnson, Cosmair, Beiersdorf, Jergens, Warner-Lambert, Bristol-Myers Squibb, Private Label, and others.
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