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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
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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.
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