The Global Skin Care Products Market is expected to grow worldwide due to increased awareness about skincare products in both developed and developing regions. Skin care products are used to maintain clean and healthy skin. Use of skin care products enables consumers to improve appearance and relieve skin conditions. These products offer assistance in managing various skin types such as dry, moist, and oily among others. Some skin care products offer extra nutrition required for healthy appearance of skin, whereas some products offer protection against the harmful solar rays. Some skin care products available in the market include moisturizers, foot powders and sprays, face and neck creams and lotions, cleansers, and body and hands cream and lotions. Moisturizers are used to hydrate the skin. They improve the water content of the skin, enhancing appearance and offering a barrier against the loss of water from the skin. Cleansers are used remove dirt, oil, makeup, and dead skin cells to clean the skin. They unclog pores and to prevent skin conditions such as acne. Face and Neck Creams are semi-solid emulsions of oil and water used to moisturize and soften the skin of face and neck. They retain the oils contained in the skin while protecting the skin against the loss of moisture.
The global Skin care products market is primarily driven by factors such as increasing awareness regarding skin care, growing geriatric population and changing lifestyles. There has been increasing awareness among consumers regarding the benefits of organic skin care products, supplementing the growth of the market. The improving lifestyles, and increasing disposable income, especially in the emerging economies of Asia-Pacific boost the market growth. Improvement in lifestyle due to rise in income level, especially in the developing countries such as China, Japan, and India fuels the demand for skin care products. Factors such as increase in per capita income and changes in consumer behaviour are expected to accelerate the adoption of skin care products in the coming years. There has been a shift towards e-commerce and consumers are increasingly purchasing skin care products through online platforms. The variety of choices available coupled with ease of purchase offered by online platforms encourages consumers to buy skin care products online, supplementing the growth of the market.
However, stringent government regulations, and limited shelf life of skin care products are some of the factors hampering the global Skin Care Products market.
The global Skin Care Products market is segmented on the basis of application, type, distribution channel, and geography.
By Distribution Channel
Geographically, the global Skin Care Products market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
On the basis of geography, North America is expected to dominate the global Skin Care Products market over forecast period. The increasing geriatric population in the region coupled with high disposable income drives the market growth. The increasing demand of organic skin care products in the region is owing to high consumer awareness regarding the benefits of natural and organic products and rising health concerns. Asia-Pacific is expected to grow at the highest growth during the forecast period owing to increasing disposable incomes in developing countries of this region, and rising awareness.