Skin Care Products

Global Skin Care Products Market to Reach US$199.8 Billion by 2030

The global market for Skin Care Products estimated at US$144.1 Billion in the year 2024, is expected to reach US$199.8 Billion by 2030, growing at a CAGR of 5.6% over the analysis period 2024-2030. Face Creams & Cleansers, one of the segments analyzed in the report, is expected to record a 6.3% CAGR and reach US$126.8 Billion by the end of the analysis period. Growth in the Body Lotions segment is estimated at 5.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$33.2 Billion While China is Forecast to Grow at 7.5% CAGR

The Skin Care Products market in the U.S. is estimated at US$33.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$27.5 Billion by the year 2030 trailing a CAGR of 7.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.0% and 5.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Global Skin Care Products Market - Key Trends & Drivers Summarized

Skin care products are a vital segment of the personal care industry, encompassing a wide range of products designed to improve and maintain the health and appearance of the skin. These products include moisturizers, cleansers, exfoliants, sunscreens, serums, and anti-aging creams, among others. The skin care market is driven by the increasing awareness of the importance of skin health, the desire for youthful and radiant skin, and advancements in dermatological research and product formulations. Consumers are becoming more conscious of the ingredients in their skin care products, leading to a growing demand for natural, organic, and clean beauty products.

The skin care industry is characterized by continuous innovation and the introduction of new products that cater to diverse skin types and concerns. Technological advancements have led to the development of high-performance products with targeted benefits, such as anti-aging, brightening, hydration, and acne treatment. The rise of e-commerce and social media has transformed the way consumers discover and purchase skin care products, with influencers and online reviews playing a significant role in shaping consumer preferences. Additionally, the trend towards personalized skin care is gaining momentum, with brands offering customized products and regimens based on individual skin analysis.

The growth in the skin care products market is driven by several factors. Firstly, the increasing consumer awareness of skin health and the desire for effective and preventive skin care solutions are major drivers. Secondly, advancements in dermatological research and product formulations are leading to the development of innovative and high-performance products. Thirdly, the growing demand for natural, organic, and clean beauty products is influencing the market, as consumers seek safer and environmentally friendly options. Additionally, the expansion of e-commerce and digital marketing strategies is enhancing product accessibility and consumer engagement. Furthermore, the trend towards personalized skin care solutions is attracting consumers looking for tailored products to address their specific skin concerns. Lastly, the rising disposable incomes and spending on premium and luxury skin care products are further propelling market growth.

SCOPE OF STUDY:

The report analyzes the Skin Care Products market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Face Creams & Cleansers, Body Lotions, Other Products); Distribution Channel (Supermarkets / Hypermarkets, Convenience Stores, Online, Other Distribution Channels)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 457 Featured) -

• Alba Botanica
• 3M Company
• AHAVA North America, LLC
• AdvoCare International LP
• Aida Grey, Inc.
• 4life Trademarks, L.L.C.
• Abercrombie & Fitch Co.
• Absolutely Natural
• Aidance Skincare
• Abbe Laboratories, Inc.
• Adigica Health, Inc. - BioClarity
• Advanced Dermatology and Cosmetic Surgery
• 320 MHz - Plant Me Botanics Limited
• 100 Percent Pure
• A.G.E. Stop GmbH

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.