Global Skin Care Products Market Driven by Consumer Awareness and Growing Beauty Consciousness

Increasing consumer awareness and beauty consciousness are driving the demand for skin care products globally, with Asia Pacific holding the largest market share. The global market for skin care products can be categorized into two segments: face cream and body lotion, with the face cream segment further divided into skin brightening cream, anti-ageing cream, and sun protection cream. The demand for skin care products is being fueled by consumer preference for convenient and easy-to-use products, as well as rising standards of living and increasing consumer preferences for beauty products.

Key Takeaways:

• The global skin care market is driven by increasing consumer awareness and beauty consciousness, with Asia Pacific holding the largest market share.
• The market can be categorized into two segments: face cream and body lotion, with the face cream segment further divided into skin brightening cream, anti-ageing cream, and sun protection cream.
• The demand for skin care products is being fueled by consumer preference for convenient and easy-to-use products.
• Mass body care lotions are leading the body lotion market globally.
• Skin brightening creams lead the skin care products market in Asia Pacific, followed by anti-ageing and sun protection cream.
• Anti-ageing cream is leading the skin care market in Europe and North America, followed by skin brightening cream.
• The market for skin care products is expected to grow due to increasing consumer preferences for beauty products and rising standards of living.
• Skin care products are reaching end-users through various distribution channels, including hypermarkets and supermarkets, beauty product retailers, departmental stores, drug stores, pharmacies, and online stores.
• Manufacturers are focusing on strong distribution channels and investing in advertisement and product endorsement for better market penetration.

Statistics:

• The global skin care market is expected to reach USD 131 billion by 2020 (Source: ReportBuyer).
• The Asia Pacific region held 34.4% of the global skin care market share in 2014 (Source: ReportBuyer).
• The face cream segment accounted for 63.5% of the global skin care market share in 2014 (Source: ReportBuyer).
• Mass body care lotions are leading the body lotion market globally, accounting for 52.2% of the market share in 2014 (Source: ReportBuyer).
• The market for skin care products is expected to grow at a CAGR of 4.5% from 2014 to 2020 (Source: ReportBuyer).

Sources:

• ReportBuyer (2015), "Skin Care Products Market - Global Industry Analysis Size Share Growth Trends and Forecast 2014 - 2020" - http://www.prnewswire.com/news-releases/skin-care-products-market---global-industry-analysis-size-share-growth-trends-and-forecast-2014---2020-300070361.html