Lucintel Blog: Skin Care Market is anticipated to grow at a CAGR of 3% to 5% from 2021 to 2026

Tuesday, March 1, 2022

Skin Care Market is anticipated to grow at a CAGR of 3% to 5% from 2021 to 2026

The global skin care market is projected to grow at a CAGR of 3% to 5% from 2021 to 2026. The growth of skin care market is driven by changing lifestyle of consumers, modernization, and increasing demand for natural ingredients in cosmetics.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising potential, high-growth opportunities for the global skin care market by product type (face cream (skin brightening, antiaging, and sun protection) and body lotion (mass body care and premium body care)), distribution channel (retail sale, online sale, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the skin care market?

Q.4 What are some changing demands of customers in the skin care market?

Q.5 What are the new developments in the skin care market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this skin care area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this skin care market?

Download Brochure of this report by clicking on https://www.lucintel.com/skin-care-market.aspx

Market Segmentation:

Based on product type, the skin care market is segmented into face cream (skin brightening, antiaging, and sun protection) and body lotion (mass body care and premium body care). The face cream segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to demand for high quality skin brightening creams, antiaging & sun protection creams, and increasing pollution & personal care routines.

Asia Pacific will remain the largest region during the forecast period due to easy product availability in the region, growing consumer awareness, and increasing disposable income of people.

Key Players in the skin care market are Estee Lauder Companies, L’Oreal, Shiseido, Kose Corporation, Kao Corporation, Johnson and Johnson, Unilever, and Procter and Gamble Company.

Request Sample Pages by clicking on

https://www.lucintel.com/skin-care-market.aspx

The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

To read more about this market please click on https://www.lucintel.com/skin-care-market.aspx

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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