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Global Cosmetic Skin Care Market 2019-2023

Global Cosmetic Skin Care Market 2019-2023

About this market

In recent years, the population in the age group of 30-45 years has been increasing worldwide. This is leading to growing demand for cosmetic skincare products to achieve flawless looking skin while improving the person’s overall appearance. The aging anxiety, environmental factors, concerns about changes in facial appearance, and the need to look younger have all led middle-aged people to opt for cosmetic skin care products to obtain clear and glowing skin. Thus, the higher adoption of beauty and skincare products among the younger population is another factor contributing to the overall growth of the market. Technavio’s analysts have predicted that the cosmetic skin care market will register a CAGR of almost 6% by 2023.

Market Overview

Rapid urbanization

The introduction of new cosmetic skin care products with the capability to improve the overall appearance of the skin has led to their widespread adoption among people to enhance their appearance while obtaining a natural and younger look. Thus, rapid urbanization and increasing disposable incomes will contribute to market growth.

High cost of cosmetic skin care products

Cosmetic skin care products such as anti-aging creams, serums, and other age-defying facial products are priced on the higher side due to factors such as the presence of the expensive ingredients. Thus, the high cost of cosmetic skincare products makes them unaffordable for many people, which hinders the growth of the market significantly.

For the detailed list of factors that will drive and challenge the growth of the cosmetic skin care market during the 2019-2023, view our report.

Competitive Landscape

The cosmetic skin care market appears to be moderately fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Cosmetic Skin Care Market 2019-2023

Technavio recognizes the following companies as the key players in the global cosmetic skin care market: Beiersdorf, Johnson & Johnson Services, L’Oréal, The Estée Lauder Companies, and Unilever.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increasing availability of skin care products through various distribution channels will have a positive impact on the growth of the market.”

According to the report, one of the major drivers for this market is the rapid urbanization and increasing disposable incomes will contribute to market growth.

Further, the report states that one of the major factors hindering the growth of this market is the presence of stringent regulations on the approval and marketing of cosmetic skincare products makes their manufacturing tedious and delays product launches by manufacturers, thus hampering the market growth.

Companies Mentioned

Beiersdorf

Johnson & Johnson Services

L’Oréal

The Estée Lauder Companies

and Unilever

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global beauty and personal care (BPC) products market
      • Table Segments of global beauty and personal care (BPC) products market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Facial skin care - Market size and forecast 2018-2023
      • Table Facial skin care - Market size and forecast 2018-2023 ($ millions)
      • Table Facial skin care - Year-over-year growth 2019-2023 (%)
    • Body care - Market size and forecast 2018-2023
      • Table Body care - Market size and forecast 2018-2023 ($ millions)
      • Table Body care - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ millions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Beiersdorf
      • Table Beiersdorf - Vendor overview
      • Table Beiersdorf - Business segments
      • Table Beiersdorf - Organizational developments
      • Table Beiersdorf - Geographic focus
      • Table Beiersdorf - Segment focus
      • Table Beiersdorf - Key offerings
    • Johnson & Johnson Services
      • Table Johnson & Johnson Services - Vendor overview
      • Table Johnson & Johnson Services - Business segments
      • Table Johnson & Johnson Services - Organizational developments
      • Table Johnson & Johnson Services - Geographic focus
      • Table Johnson & Johnson Services - Segment focus
      • Table Johnson & Johnson Services - Key offerings
    • L'Oréal
      • Table L'Oréal - Vendor overview
      • Table L'Oréal - Business segments
      • Table L'Oréal - Organizational developments
      • Table L'Oréal - Geographic focus
      • Table L'Oréal - Segment focus
      • Table L'Oréal - Key offerings
    • The Estée Lauder Companies
      • Table The Estée Lauder Companies - Vendor overview
      • Table The Estée Lauder Companies - Product segments
      • Table The Estée Lauder Companies - Organizational developments
      • Table The Estée Lauder Companies - Geographic focus
      • Table The Estée Lauder Companies - Segment focus
      • Table The Estée Lauder Companies - Key offerings
    • Unilever
      • Table Unilever - Vendor overview
      • Table Unilever - Business segments
      • Table Unilever - Organizational developments
      • Table Unilever - Geographic focus
      • Table Unilever - Segment focus
      • Table Unilever - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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