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22 Aug, 2022, 14:30 BST
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WILMINGTON, Del., Aug. 22, 2022 /PRNewswire/ — Analysts at TMR estimate the skincare serum market to expand at a CAGR of 7.4% during the forecast period from 2022 to 2031. Rising awareness to use various types of serums to treat skin issues, such as acne, blemishes, and black heads is driving the skincare serum market. Growth of the retail sector, increasing number of specialty skincare stores, and proliferation of e-commerce further boosts the skincare serum market.
A detailed scrutiny of skincare serum market trends demonstrates rapid shift of cosmetics and personal care industry toward organic and natural products. Rise in health awareness, and demand for environment sustainability products is leading to product innovations in the cosmetic and personal care industry. Consumers’ skincare routine now includes organic, naturally-manufactured, environmentally sustainable, and vegan products.
Europe held the leading share of skincare serum market in 2021. Science-driven product development and innovation in the cosmetics industry to account for Europe to hold key share in the skincare serum market. Thriving cosmetics and personal care industry with growing consumer awareness for health, wellness, and personal care products, of which skincare is dominant, accounts for large share of skincare serum market of Europe.
Asia Pacific is expected to emerge as a prominent region in the skincare serum market during the forecast period. Rapid economic growth and rising awareness about the benefits of exotic ingredients in skincare products is likely to propel the future market demand for skincare serums in developing and developed countries.
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Skincare Serum Market – Key Findings of the Report
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Skincare Serum Market – Growth Drivers
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Skincare Serum Market – Key Players
Some of the leading players operating in the skincare serum market are;
The skincare serum market is segmented as follows;
Skincare Serum Market, by Type
Skincare Serum Market, by Application
Skincare Serum Market, by Distribution Channel
Skincare Serum Market, by Region
Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Research Reports by Transparency Market Research:
Serum-free Media Market: The global serum-free media market was valued at US$ 320 Mn in 2020 and is anticipated to expand at a CAGR of 7% from 2021 to 2031.
Fetal Bovine Serum Market: The global fetal bovine serum market is expected to surpass the value of US$ 1.6 Bn by the end of 2031.
Anti-aging Market: The global anti-aging market for anti-wrinkle products was valued at US$ 8,400.0 Mn in 2018 and is projected to expand at a CAGR of 6.0% from 2019 to 2027.
Red Biotechnology Market: The global red biotechnology market is anticipated to reach more than US$ 609.6 Bn by the end of 2031.
Equine Supplement Products Market: The global equine supplement products market is anticipated to reach US$ 111 Mn by the end of 2031. The global market is projected to grow at a CAGR of 3.7% from 2022 to 2031
Mice Model Technologies Market: The global mice model technologies market is anticipated to reach US$ 3.2 Bn by 2031. The global market is projected to grow at a CAGR of 7.4% from 2022 to 2031.
Epilepsy Therapeutics Market: The global epilepsy therapeutics market is anticipated to reach more than US$ 14.9 Bn by the end of 2031.
Life Science Instrumentation Market: The global life science instrumentation market is anticipated to reach more than US$ 104.5 Bn by the end of 2031.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
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Value of Skincare Serum Market Estimated at US$ 6.28 Bn by 2031, TMR Study – PR Newswire UK
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