1. Market Research
  2. > Personal Care
  3. > Cosmetics
  4. > Body Care Market Trends
  5. > Skin Care

Skin Care Market: Get Industry Insights

  • Currently 3/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
14 votes

Global Skin Care Products Industry

The world skin care industry expanded by almost 5% in 2010, generating more than $78 billion and a volume of over 11 billion units, reports MarketLine. Between 2010 and 2015, the market is expected to grow by more than 21% to generate almost $95 billion and should reach a volume in excess of 13 billion units. Facial care represents the leading market segment, with more than 64% of overall value. Asia-Pacific represents almost 45% of the global market. L’Oreal holds the top spot with 12% market share.

The skin care industry has witnessed a shift from demand from older consumers to a growing younger consumer base. People are beginning to use skin care at an increasingly young age in a bid to delay the signs of aging, while the number of older consumers is beginning to fall, reports Canadean. Skin care companies may adapt their marketing strategies to correct this balance and hold on to their older consumer base.

Key Segments

The world anti-aging products market is expected to be worth almost $292 billion in 2015, according to Global Industry Analysts. This market is expected to benefit from high baby boomer disposable incomes. Anti-aging product sales have remained relatively unaffected by the economic recession. Consumers continue to purchase these products despite the unfavorable economic climate, though they may switch to cheaper alternative products. Moving forward consumers will demand more value for money, with functional and visual benefits proving a high priority for choosing anti-aging products.

MarketLine predicts the world sun care market will generate almost $9 billion by 2015, representing almost 24% growth in five years. The market is expected to exceed a volume of 1 billion units by 2015. Sun protection is the sun care market’s leading segment, representing more than 66% of overall market value.

The EU holds close to a 42% share in the overall global sun care market in terms of value. Rising awareness as to the potentially harmful effects of the sun, such as skin cancer, is driving demand for sun protection products. Consumers are also paying greater attention to what ingredients are being used in these products.

Regional Market Share

The US cosmetics and toiletries industry enjoyed strong recovery in 2010 following the economic recession, reports RNCOS. Encouraged by this recovery, companies are once again launching new products and services. In 2010, the industry recorded almost 3% growth. As consumer confidence rises, demand for cosmetics and toiletries will fuel sales, and companies will focus their efforts on marketing more expensive products and skin treatments. These efforts involve the manufacture of products boasting superior research and development formulas.

The US cosmetics and toiletries market is benefitting from rising demand for natural and organic products, with a faster growth rate than that of the overall market. Companies continue to offer consumers innovative products, concentrating on developing environmentally friendly products either made locally or using locally sourced ingredients. Anti-aging products also represent a strong growth area in the US cosmetics and toiletries market.

China’s cosmetics and toiletries market is led by skincare sales, representing the leading market segment in 2010, according to RNCOS. International players including L’Oreal and Procter & Gamble are topping the Chinese market. Companies compete mainly through product innovation, with domestic and international outfits regularly launching new products. The country’s three leading retailers are international players and collectively hold more than 50% of China’s skincare market, reports Canadean. Private labels represent around 10% of China’s overall cosmetics and toiletries market. This high percentage is due to the large market share held by big retailers like Tesco, Walmart and Carrefour.

Read more ยป

Share

You might be interested in these related markets:

24/7 Customer Support

Talk to Sam

+44 20 8816 8032

1-10 of about 300 reports

Global Skin Care Industry

  • November 2016
    38 pages
  • Skin Care  

  • World  

    North America  

View report >

Skin Care Markets in the US - Forecast

  • March 2017
    12 pages
  • Skin Care  

  • United States  

View report >

Skin Care Markets in China and Europe - Forecast

  • April 2016
    13 pages
  • Skin Care  

  • China  

    Europe  

    Asia  

View report >

Skin Care Markets in Asia

  • November 2016
    18 pages
  • Asia  

    World  

    Japan  

View report >

Skin Care Markets in the UK - Forecast

  • January 2016
    5 pages
  • Skin Care  

  • United Kingdom  

View report >

Skin Care Industry in Brazil

  • January 2015
    37 pages
  • Skin Care  

    Deodorant  

    Personal Care  

  • Brazil  

    South America  

    World  

View report >

Skin Care Markets in China - Forecast

  • March 2016
    12 pages
  • Skin Care  

  • China  

    Europe  

    Asia  

View report >

Skin Care Industry in New Zealand and Australia

  • January 2016
    44 pages
  • Skin Care  

    Fragrance  

  • New Zealand  

    Australia  

    Oceania  

View report >

Skin Care Markets in Switzerland

  • January 2016
    7 pages
  • Skin Care  

    Sun Care  

  • Switzerland  

View report >

Skin Care Industry in United Arab Emirates

  • May 2015
    10 pages
  • Skin Care  

    Cosmetics  

  • United Arab Emi...  

View report >

Search in Skin Care Industry (About 300 reports)
Parent industry: Body Care
Related industries: Male Care

About 1400 reports

Purchase Reports From Reputable Market Research Publishers
(From € 412 - € 14541)

Global Facial Care (Skincare) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics

Global Facial Care (Skincare) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics

  • € 14541
  • Industry report
  • March 2017
  • by GlobalData

Global Facial Care (Skincare) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics Summary "Global Facial Care (Skincare) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics" ...

Global Sun Protection (suncare) Market - Outlook To 202 ...

March 2017 € 13632

Global Depilatories (skincare) Market - Outlook To 2020 ...

March 2017 € 13632

Facial Care (skincare) Market In Europe - Outlook To 20 ...

March 2017 € 13632

Global Hand Care (skincare) Market - Outlook To 2020: M ...

March 2017 € 13632

Hand Care (skincare) Market In Europe - Outlook To 2020 ...

March 2017 € 9995

Sun Protection (suncare) Market In Europe - Outlook To ...

March 2017 € 9995

Depilatories (skincare) Market In Europe - Outlook To 2 ...

March 2017 € 9995

Facial Care (skincare) Market In Asia-pacific - Outlook ...

March 2017 € 9086

Facial Care (skincare) Market In South America - Outloo ...

March 2017 € 5450

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.