Global Skincare Products Market to grow at a CAGR of 2.94% during the period 2017 - 2021; Finds New Report

Report forecast the global skincare products market to grow at a CAGR of 2.94% during the period 2017-2021.

The beauty and personal care products, used for different skin related concerns, treatments, and skin beautification, are considered as skincare products. The global skincare products market is significantly fragmented and competitive with the presence of numerous players providing a wide variety of skincare products. The global BPC market segments include skincare products, haircare products, color cosmetics, fragrances, oral hygiene products, and depilatory products. Skincare, haircare, and color cosmetics segment control more than half of the global BPC market's revenue.

The report covers the present scenario and the growth prospects of the global skincare products market for 2017-2021. To calculate the market size, the report considers the value sales of skincare products.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, one of the major drivers for this market is Product innovation and product line extension leading to product premiumization. The global skincare products market demands regular innovations as customers are on the lookout for innovative products that provide them optimal usage. Customers across the globe prefer skincare products that address multiple skin concerns in a minimal time span. Customers, of late, opt for natural, instant ways to heal their skins. To meet the evolving needs of customers, vendors focus on manufacturing innovative products.

Further, the report states that one of the major factors hindering the growth of this market is Availability of counterfeit skincare products. In the global skincare products market, there exists a high proportion of counterfeit skincare products. Counterfeit beauty-and-personal-care products are claimed to cause ill-health to the user. However, with the advent of e-commerce, there has been an increase in the sales of counterfeit products worldwide. Customers find it difficult to differentiate between counterfeits and real products. Another attracting factor toward counterfeit products is their price. They are offered at comparatively lower prices.

Global Skincare Products Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global skincare products market: Beiersdorf, Estée Lauder, L’ORÉAL, Procter & Gamble (P&G), and Unilever

Other Prominent Vendors in the market are: Amway, BABOR, Clarins, Coty, Kao, LVMH, Mary Kay, New Avon, Oriflame Cosmetics Global, REVLON, and Shiseido.

Key vendors

• Beiersdorf
• Estée Lauder
• L’ORÉAL
• Procter & Gamble (P&G)
• Unilever

Other prominent vendors

• Amway
• BABOR
• Clarins
• Coty
• Kao
• LVMH
• Mary Kay
• New Avon
• Oriflame Cosmetics Global
• REVLON
• Shiseido

Market driver

• Product innovation and product line extension leading to product premiumization
• For a full, detailed list, view our report

Market challenge

• Availability of counterfeit skincare products
• For a full, detailed list, view our report

Market trend

• Rising demand for multifunctional skincare products
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

Spanning over 114 pages “Global Skincare Products Market 2017 - 2021” report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market Segmentation By Distribution, Market Segmentation By Product Type, Market Segmentation By Product Specifications, Regional Landscape, Decision Framework, Drivers And Challenges, Market Trends, Vendor Landscape, Key Vendor Analysis, Appendix.

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