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Global Cosmetic Skin Care Market is expected to grow at a CAGR of 5.74% over the Forecast Period of 2018 – 2024

Infograph - Global Cosmetic Skin Care Market

By Infinium Global Research Aug, 2020

The growing concern about the harmful effects of excessive usage of conventional cosmetics for skin is rising rapidly. Thus, this is primarily attributed to the rising demand for natural active ingredients based cosmetics that are favored by the environment and health-conscious consumers. Demand for skin care products is on the rise owing to the growing interest of youngsters in grooming. Youngsters opt for skin whitening & brightening creams & lotions. Growing desire and obsessions amongst people concerning their looks are driving the growth of skin care cosmetics market worldwide. Moreover, factors such as changing the lifestyle of consumers in developing markets, increasing per capita income and raising awareness about beautification have raised demand for skin care products over the years. In addition, consistent innovation and the development of more effective anti-aging and sun protection products anticipated to driving robust demand for skin care products in the upcoming years. Although driven by the aforementioned factors, growth in this market restricted by growing health concerns and various government policies that lowering the usage of antioxidants. Ever-changing demand for cosmetic products is expected to hamper the growth of the cosmetic skin care market. This trend is particularly emerged in the Europe region by having a serious impact on regional growth. Additionally, the global cosmetic skin care market anticipated having numerous growth prospects owing to growing research and development investment in order to develop more effective skin care products. The trend towards natural skin care products expected to complement global growth in the years to come

 

The report on Global Cosmetic Skin Care Market covers segments such as product type and distribution channel. The report provides a regional analysis covering geographies such as North America, Europe, Asia-Pacific, Rest of the World In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The report provides profiles of the companies in the global L’Oreal S.A., Unilever, Avon Products Inc., The Estée Lauder Companies Inc., ESPA International Ltd., Kao Corporation, Johnson & Johnson, The Procter & Gamble Company, Beiersdorf AG, The Body Shop International Limited, and Other companies.

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