The global skin care drugs market size is expected to reach USD 221.74 billion by 2032, according to a new study by Polaris Market Research. The report “Skin Care Products Market Share, Size, Trends, Industry Analysis Report, By Product Type; By Packaging Type (Tube, Bottle, Jar, Others); By Distribution Channel, and By Region, Segment Forecast, 2023-2032” offers a wide analysis of different applications of skin care products, market size, industry scope along with insights related to current and future trends in the market.
The major drivers for the market are the rising consciousness about skin health among millennials and working age groups, and innovative personalized skin care products. During the last few years, a shift in consumer awareness towards skin health has increased due to constantly growing pollution and the rising standard of living. Beauty products are no longer a luxury; instead, they have become a necessity owing to various skin problems like acne, sunburn, atopic dermatitis, and tanning. Different products like sunscreens, toners, and face packs help to maintain the skin hydrated for a more extended period and maintain proper skin pH balance.
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The limited shelf life and various side effects of chemical-based skin care products are some of the restraining factors for this market.
Industrial players like Procter & Gamble and L'Oréal are constantly providing various innovative and personalized skin care products for every skin problem and price range. The wider choice of availability and personalized skin solutions are fuelling a substantial demand among millennials for these products.
Skin Care Market Report Highlights
Polaris Market Research has segmented the Skin Care Products Market report based on product, packaging, distribution channel and region:
Skin Care Products Market, Product Outlook (Revenue - USD Billion, 2019 - 2032)
Skin Care Products Market, Packaging Outlook (Revenue - USD Billion, 2019 - 2032)
Skin Care Products Market, Distribution channel Outlook (Revenue - USD Billion, 2019- 2032)
Skin Care Products Market, Regional Outlook (Revenue - USD Billion, 2019 - 2032)