Cosmetic Skin Care Market to Expand at CAGR of 4.5% During Forecast Period – TMR Insights – Business – Inter Press Service

Transparency Market Research delivers key insights on the global cosmetic skin care market. In terms of revenue, the global cosmetic skin care market is estimated to expand at a CAGR of 4.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global cosmetic skin care market.
Companies are investing in R&D to launch an exclusive collection of cosmetic skin care products. Manufacturers are expanding their product lines to meet the increasing demand for cosmetic skin care products. Increased disposable income in key markets across the world is linked to a rise in consumption activity, owing to the increased capacity to spend. This factor drives the global cosmetic skin care market.
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Cosmetic Skin Care Market: Key Segments
In terms of type, the non-medicated segment is expected to hold major market share. The fast expansion of the segment can be attributed to a larger number of product innovations and customized solutions on offer.
Based on product type, antioxidants as a product category is projected to expand the fastest as a result of a rapidly aging population. Consequently, more individuals are expected to adopt anti-aging products of which antioxidants are a major constituent.
In term of form, creams segment is anticipated to hold major market share as compared to other cosmetic skin care forms. Cream is the preferred choice among end-users (men and women). Other cosmetic skin care in the form of gel & lotions, oils, sheet masks, and powder are also anticipated to expand at a significant growth rate during the forecast period
Based on application area, facial care segment is expected to hold major market share. Face cosmetic skin care is gaining increasing popularity globally as people are becoming more conscious of their physical appearance. This factor is expected to have a positive impact on the face cosmetic skin care segment during the forecast period.
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Based on end-user, the cosmetic skin care market for men is still at a nascent stage and would exhibit tepid growth. The expansion of this segment would be influenced by a number of factors such as cultural influences, new product launches, and consumer awareness.
In terms of distribution channel, larger brands of cosmetic skin care products prefer retailing through brick-and-mortar stores and their smaller peers take to the online route to reach out to newer markets and consumers. This trend is set to change as the role of e-commerce across products and services witnesses a greater and growing prominence.
Cosmetic Skin Care Market: Prominent Regions
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. The popularity and growth of larger cosmetic brands, whose products tend to be more expensive, is proof of the fact that people are increasing their spending on skincare solutions.
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Cosmetic Skin Care Market: Key Players
Key players operating in the global cosmetic skin care market are BeiersdorfAG.srl, Coty Inc, Estée Lauder Inc, Galderma Laboratories L.P, Johnson & Johnson Consumer Inc., L’ORÉAL PARIS, Procter & Gamble, Revlon, Shiseido Company, and Unilever.
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Lash Extension Market : Eyelash extensions are gathering steam among beauty-conscious customers as a key trend, underpinned in large part due to combined aspect of customization and safety of the treatments. Individuals, especially older women, have warmed up to the trend to get a fuller and natural lash look. Salons are adopting eyelash perm kits and offering long-lasting lifts and curling components. Growing awareness about the apt use, care and aftercare, and maintenance of lash extensions have fueled the demand for complementary products, extending the horizon of the lash extension market.
Sheet Face Masks Market : Sheet Face Masks Market has witnessed a significant development in recent years. This is mainly because of the growing demand and popularity of sheet face masks products. In addition to this, growing demand for personal beautification and hygiene products is also helping to drive the growth of the global sheet face masks market.
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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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