Skin Care Products may be formulated to minimize the risk of allergic reactions and help users maintain healthy skin. A good product line will also predict the skin's needs and react accordingly. These creams contain ingredients such as hyaluronic acid and Shea butter that will help the skin retain moisture. However, avoid moisturizers that clog pores. They can also lead to allergic reactions. In addition, make sure to wash face twice a day. Ultimately, choosing the right skin care products is all about protecting the skin from damage and developing skin disorders.
The skin care products market refers to the sale of products used for maintaining and improving the appearance and health of the skin. These products include moisturizers, sunscreens, anti-aging creams, cleansers, and exfoliating scrubs, among others. The skin care products market is a large and growing market, driven by factors such as increasing consumer demand for high-quality and effective skin care products, growing awareness of the importance of skin care, and advances in technology and product development.
Competitive Landscape
Key companies contributing to the global skin care products market include - L'Oréal S.A., Johnson & Johnson Inc., Shiseido Company Ltd., Unilever, Colgate Palmolive Company, Beiersdorf AG, Avon Products Inc., Kao Corporation, and Revlon Inc.
Drivers
High demand for sunscreens, body lotions, face creams, and other personal care products amidst rising per capita income in middle-class families is expected to propel the growth of the skin care products market over the forecast period.
Moreover, improving availability of these products in supermarkets, combined with a booming e-commerce sector, is expected to supplement the growth of the skin care products market during the forecast period.
Summary of the COVID-19 Aftermath
At the start of the outbreak, the global skin care products market saw a significant drop in growth. As a result of the crisis, tourism, social gatherings, and public events have all been prohibited as a result, resulting in a significant drop in sales. On the plus side, the market's future prospects are being bolstered by the increasing cosmetics business and the pandemic-driven e-commerce growth.
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Key Takeaways
- The skin care products market is anticipated to grow at a CAGR of % throughout the forecast period owing to the increasing number of product launches and capacity expansion of market leaders. For instance, in April 2022, Belviso announced plans to launch its premium skincare products in India, including Belviso Niacinamide Serum, Belviso Vitamin C Serum, Belviso Total Nano Gel, and others.
- On the other hand, the global skin care products market is at the pole position in the Asia Pacific region on the heels of the availability of essential raw materials for making skincare products and the increasing capacity expansion of major market players.
- Another noteworthy region is North America, which is a treasure island for the global skin care products market in view of the growing popularity of ecommerce platforms for rapid delivery of skincare products.
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