Skin Care includes cosmetic products designed for the care and protection of the skin. These incorporate all varieties of creams and lotions for face, hand, and foot care as well as sunscreen. The products are not used for decorative purposes. Excluded are skin treatment products with a health focus, e.g., acne treatments, that are shown in the Consumer Market Outlook as part of OTC Pharmaceuticals.

SKIN CARE MARKET REPORT OUTLOOK

Escalating demand for face creams, sunscreens, and body lotions across the world is predicted to possess a positive impact on the market over the forecast period. Furthermore, the expanding e-commerce industry is forecasted to propel the market growth further. Technological and product innovations have led to an increased demand for skincare products.

There is a wide variety of products available on the market including sunscreens, anti-aging creams, body lotions, and skin brightening creams. Increasing awareness concerning the numerous benefits of utilizing personal care products has resulted in a surge in their demand over the last few years. This has additionally boosted the demand for natural and organic skincare commodities, making it a dominant sector in the cosmetics and wellness industry. Organic products are derived from natural resources and are free from harmful chemicals. Growing awareness regarding the adverse effects of synthetic counterparts has contributed to an increase in the demand for these products.

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COVID 19 IMPACT ON SKIN CARE MARKET REPORT

The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the pet grooming market. Additionally, complete analysis of changes on the Pet grooming market expenditure, economic and international policies on supply and demand side. The report also studies the impact of a pandemic on global economies, international trade, business investments, GDP, and marketing strategies of key players present in the market. The Beauty and private Care (BPC) industry has witnessed a decline within the wake of the Covid 19 pandemic, but the impact isn't as severe as seen in other industries. Although discretional spending has lessened, the BPC market has testified a consumer behavioral shift towards safe and reliable commodities. Products that have a lower risk of contamination owing to automation and more extended shelf lives accommodating the rationing of consumer supplies are anticipated to stand out shortly. Brands are also focusing on improving their supply lines in terms of strengthening their E-commerce channel along with offering at-home wellness products, which are highly suited in this volatile business environment. Our team is diligently working towards accounting for these factors in our report to provide you with up-to-date, actionable market information and projections.

SKIN CARE MARKET SEGMENTAL OVERVIEW

The Skin Care market is segmented based on by product and geography.

SKIN CARE MARKET BY PRODUCT

The Skin Care market is categorized based on various products as face creams, body lotion, and others. The cold cream segment is further divided into antiaging, skin brightening, and sun protection, whereas the lotion is sub-divided into mass body care and premium body care. The face cream section endured the largest market share. The factors can be increasing demand for skin brightening face creams is supposed to boost the market growth in the coming years. Additionally, these creams lessen acne scars, freckles, age spots, and discoloration, which can drive the demand considerably.

SKIN CARE MARKET BY GEOGRAPHY

Geographically the global Skin Care market is studied for the following region North America, Europe, Asia Pacific, Middle East Africa, and the Rest of the World. The Asia Pacific drove the global market in terms of revenue. The overall personal care industry in the region has encountered an exponential extension over the past few years. Europe endured the second-largest share of the market. Technological improvements in the region coupled with the introduction of innovative creams and lotions are anticipated to have a positive impression on the region’s growth over the next few years. Surging demand for anti-aging creams on account of multiple aspects is also assumed to propel market development in the prognosticated years.

SKIN CARE MARKET KEY PLAYER

The major players in Skin Care market are Johnson Johnson, The Estee Lauder Companies Inc., Unilever PLC, Avon Products Inc., L'Oréal S.A., Kao Corporation, Colgate-Palmolive Company, Shiseido Company, Beiersdorf AG, and Procter Gamble among others.

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