Skincare Market Growth Analysis by Region, Country, Brands, Distribution Channel, Competitive Landscape, Packaging and Forecast to 2027

This report provides an overview of current skincare scenario regarding the future outlook in terms of ingredients, product claims, labeling, distribution, and packaging. The analysis also covers regional overview across five regions - Asia-Pacific, Middle East & Africa, Americas, Western Europe, and Eastern Europe - highlighting industry size, growth drivers, latest developments, and future inhibitors for the regions.

The global skincare sector was valued at $131.5 billion in 2022 and is forecast to generate a CAGR of 4% over 2022-27, to reach $160.2 billion in 2027. In volume terms, the sector is forecast to grow from 17.3 billion units in 2022 to 18.6 billion units in 2027, at a CAGR of 1.4%. Asia-Pacific represented the largest region for the global skincare sector in 2022, with a value share of 55.8%, followed by the Americas and Western Europe, which accounted for 21.9% and 17.3% shares, respectively. The skincare sector in Middle East and Africa is forecast to record the fastest value CAGR during 2022-27 at 12%, followed by Asia-Pacific at 4.3%. The top five companies in the global skincare sector together accounted for a value share of 30.7% in 2022. L'Oréal was the leading company with a value share of 10.8%, followed by Estée Lauder (5.3%), Beiersdorf (5.1%), Unilever (4.9%), and Procter & Gamble (4.6%). E-retailers was the leading distribution channel for skincare globally in 2022, with a value share of 29.4%. It was followed by hypermarkets & supermarkets with a 14.7% share, health & beauty stores with a 13.7% share, and parapharmacies/drugstores with a 10% share.

Key Highlights

With their awareness about the harmful effects of chemical ingredients growing, consumers are becoming very cautious and are paying greater attention to the ingredients used in skincare products. They are constantly seeking formulations with natural, organic, and chemical-free ingredients. Manufacturers, as a result, are introducing skincare products that are free from alcohol, paraben, sulfate, and other synthetic ingredients. Consumers have become highly selective while purchasing skincare products, owing to health and environment considerations. There is thus a growing desire for skincare products with claims such as “cruelty-free”, “sustainable”, or “chemical-free”. Encouraged by this, manufacturers are launching products that are marketed as being natural/organic, sustainable, and free from artificial preservatives.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the global skincare sector. It includes the following:
Sector overview: Provides an overview of current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-Asia-Pacific, the Middle East and Africa, the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth influences, latest developments, and future challenges for each region. This data includes both on-trade and off-trade data.

Change in consumption: Provides an overview of shifts in the consumption of the overall health and beauty industry, including skincare products, over 2017-27 at global and regional levels.

High-potential countries*: Provides risk-reward analysis of the top 10 high-potential countries in each region based on market assessment, economic development, governance indicators, sociodemographic factors, and technological infrastructure.

Country and regional analysis: Provides a deep-dive analysis of the top 10 high-potential countries, covering value growth during 2022-27, consumer demographics, and key trends. It also includes the future outlook for each region. Market size includes both on-trade and off-trade data, while only off-trade data is used in company and brand analysis, distribution analysis, and packaging analysis.

Competitive landscape: Provides an overview of leading brands at global and regional levels. This section is followed by an analysis of the product profile, country-level presence, market share, and growth/decline of private labels in each region.

Key distribution channels: Provides analysis of the leading distribution channels in the skincare sector in 2022. It covers “dollar stores”, variety stores & general merchandise retailers, cash & carries and warehouse clubs, parapharmacies/drugstores, chemists/pharmacies, convenience stores, department stores, e-retailers, health & beauty stores, hypermarkets & supermarkets, and other retailers.

Packaging analysis: The report provides an analysis of the percentage share (in 2022) and growth (during 2017-27) of various pack materials, pack types, closures, and primary outer types based on volume sales of skincare products.

Reasons to Buy

• Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region
• The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances
• The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
• To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates