Cosmetic Skin Care Market segmentation by Product, Distribution channel, and Geography will grow at a CAGR of 8.72% during 2023-2027-Technavio

NEW YORK, May 9, 2023 /PRNewswire/ -- The cosmetic skin care market size is estimated to grow by USD 79.37 billion during 2023-2027. However, the growth momentum will be progressing at a CAGR of 8.72%  during the forecast period. The market is segmented by Product (Face skincare products, Body skincare products, and Others), Distribution Channel (Offline and Online), and Geography (APAC, Europe, North America, Middle East and Africa, and South America). The skincare market share growth by the face skincare products segment will be significant during the forecast period.

The report offers an up-to-date analysis of the current market scenario, the latest trends

and drivers, and the overall market environment. Read Our Sample Report

Information Services Market Insights -

• Vendors: 15+, Including Amorepacific Group Inc., Beiersdorf AG, CHANEL Ltd., CLAMAR Cosmetics Inc., Colgate Palmolive Co., Gayatri Herbals Pvt. Ltd., Groupe Clarins, Johnson and Johnson, Kao Corp., LOreal SA, LVMH Moet Hennessy Louis Vuitton SE, Natura and Co Holding SA, Nutriglow Cosmetics Pvt. Ltd., Oriflame Holding AG | Revlon Inc., Shiseido Co. Ltd., The Body Shop International Ltd., The Estee Lauder Co. Inc., The Procter and Gamble Co., Unilever PLC, among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Product (Face skincare products, Body skincare products, and Others), Distribution Channel (Offline and Online), and Geography (APAC, Europe, North America, Middle East and Africa, and South America)

The report comprises of various segments as well as analysis of the trends and factors

that are playing a substantial role in the market, Request the PDF sample report

In 2017, the cosmetic skin care market was valued at USD 125.84 billion. From a regional perspective, APAC held the largest market share, valued at 51%. The cosmetic skin care market size is estimated to grow by USD 79.37 billion from 2023 to 2027 at a CAGR of 8.72% according to Technavio.

Cosmetic skin care market - Customer Landscape

To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity

Global Cosmetic skin care market - Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including -Amorepacific Group Inc., Beiersdorf AG, CHANEL Ltd., CLAMAR Cosmetics Inc., Colgate Palmolive Co., Gayatri Herbals Pvt. Ltd., Groupe Clarins, Johnson and Johnson, Kao Corp., LOreal SA, LVMH Moet Hennessy Louis Vuitton SE, Natura and Co Holding SA, Nutriglow Cosmetics Pvt. Ltd., Oriflame Holding AG, Revlon Inc., Shiseido Co. Ltd., The Body Shop International Ltd., The Estee Lauder Co. Inc., The Procter and Gamble Co., and Unilever PLC.

Global Cosmetic Skin Care Market – Market Dynamics

Market Drivers

• Growing population in age group of 30-50 years
• Rapid urbanization
• Presence of premium brands

Market Trends

• Growing preference for organic cosmetics and cosmeceuticals
• Increasing R and D activities
• Increase in number of distribution channels

Market Challenges

• High cost of cosmetic skin care products
• Presence of pseudo-natural ingredients in skin care products
• Stringent regulations

Drivers, & Challenges have an impact on market dynamics and can impact

businesses. Find some insights from a Download PDF Sample Report

The cosmetic skin care market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

Why Buy?

• Add credibility to strategy
• Analyzes competitor's offerings 
• Get a holistic view of the market

What are the key data covered in this Cosmetic Skin Care Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Cosmetic Skin Care Market between 2023 and 2027
• Precise estimation of the size of the Cosmetic Skin Care Market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Cosmetic Skin Care Market industry across APAC, Europe, North America, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Cosmetic Skin Care Market vendors

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SOURCE Infiniti Research, Inc.