Cosmetic Skin Care Market to Rise at 5.1% CAGR between 2016 and 2024

Global Cosmetic Skin Care Market: Snapshots

The global market for cosmetic skin care market witness significant growth in terms of usage. The customers demand for the personal care product differ in various regions. The increasing consumer’s trends on innovation on the part of makers is driving the demand of various product related to the personal care industry. This is one of the important factor propelling the overall market growth of this market. Furthermore, skin lightening and brightening products have the most lucrative market in Asia Pacific.

The growing geriatric population in North America is significantly driving the demand of the cosmetic skin care market in coming years. Also, the increasing number of population above 65 years in U.S., China, Japan, Italy and Germany is positively supporting the growth of this market.

The cosmetic skin care market is one of the important market influencing the growth of the personal care products in coming years. Also, customers in Argentina and Brazil are highly effected with the dry weather, this led to rise in demand for sun protections products which is another key factor triggering the growth of this market at global scale.

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The rising product innovation in the cosmetic skin care in terms of quality and its overall effect is

one of the important factor boosting the market growth. Not only this, consumer with age of 65 demand for anti-ageing products, but interestingly the consumer with the age of 30 are also demanding for the anti-ageing cream, this is another factor contributing to the growth of the cosmetic skin care market. The cosmetic skin care products are mainly built on the key factor of innovation of several new products. The key participants in this market are involved in research and innovation and are investing more to develop products with more effectiveness such as anti-ageing skin care, skin whitening cosmetics, muti purpose skin care products.

Product Related To Skin Cells Protection Against UV Rays Drives Demand Of Cosmetic Skin Care Market

On the basis of product type, Muti-utility skin care market is likely to influence the growth of the cosmetic skin care market in coming years. Moreover, based on diverse application and in terms of generating revenue, anti-ageing products dominate the global market for consumer skin care in 2015. The major aspects of cosmetic skin care products are skin rehydration, flakiness, stem cells protection against UV rays, reduce wrinkle and boosting the viscosity of aqueous. Among all these segment, the increasing awareness about the harmful UV rays is likely to propel the demand of the stem cells protection against UV rays.

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Asia Pacific expected to dominate the skin care market in terms of adoption across the globe. The increasing usage of beneficial product related to skin care in developing economies such as India and China is likely to propel the demand of the cosmetic skin care market in APAC. Growing awareness about skin care product benefits in rural areas is one of the important factor flourishing the demand of this market. On the other hand, owing to the increased disposable income and the increasing spending on the cosmetic skin care products is likely to influence the growth of the cosmetic skin care market in MEA region. This is one of the important factor propelling growth in this region. Also, companies operating in this cosmetic skin care market are adopting key strategies to maintain their presence across the globe.

The study also offers few prominent players operating in the cosmetic skin care market such as Unilever PLC, The Body Shop International PLC, L’Oreal S.A., Avon Products Inc., Kao Corporation, and Johnson & Johnson.

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