Global Skincare Market Size, Competitive Landscape, Regional Analysis, Distribution Channel, and Forecast, 2021-2025

The global skincare sector was valued at US$128.2 billion in 2020 and is forecast to grow at a CAGR of 3.87% during 2020-2025 to reach US$155 billion by 2025. In volume terms, the sector is forecast to grow from 17.5 billion units in 2020 to 18.8 billion units by 2025, at a CAGR of 1.41%. Asia-Pacific represented the largest region for the global skincare sector, with a value share of 55.7% in 2020, followed by the Americas and the Western Europe accounting for 19.6% and 17.9%, respectively in 2020. Asia-Pacific and Eastern Europe are forecast to record CAGRs of 4.48% and 3.44%, respectively during 2020-2025. As the COVID-19 vaccination programs gather pace and some normalcy of life returns, consumers are poised to venture out more and increase their spend on skincare. This will bring back the demand for skincare products, which was affected during the pandemic as consumers cut down on non-essential purchases. The primary macroeconomic factors driving the global skincare sector include growing population and increasing urbanization rates. In 2020, the facial care category held the highest value and volume shares of 81.1% and 70.7%, respectively. The facial care category is set to be the fastest-growing category, with a projected value CAGR of 4.01% during 2020-2025.

Consumers are becoming increasingly concerned about the ingredients being used in skincare products. In addition, health & wellness trends are strongly influencing the skincare sector, as natural and chemical-free products are gaining more traction among consumers. Consumers across the globe are seeking products which offer better transparency in terms of clean labelling of products. Claims such as ‘organic’, ‘cruelty-free’, and ‘natural’ are expected to be the key attributes for clean beauty products. The novel & experimental and personalization are the common trends among majority of the high-potential countries in the global confectionery sector.

This report brings together multiple data sources to provide a comprehensive overview of the global skincare sector. It includes analysis on the following:

• Sector Overview: Provides an overview of current sector scenario regarding the future outlook in terms of ingredients, product claims, labeling, and packaging. The analysis also covers regional overview across five regions - Asia-Pacific, the Middle East & Africa, the Americas, Western Europe, and Eastern Europe - highlighting sector size, growth drivers, latest developments, and future inhibitors for the region
• Change in Consumption: Provides a shift in the consumption of Skincare as compared to other major cosmetics & toiletries during 2015-2025 at global and regional levels
• High-Potential Countries: Provides risk-reward analysis of the top four high-potential countries in each region based on market assessment, economic development, governance indicators,

socio-demographic factors, and technological infrastructure

• Country and Regional Analysis: Provides deep-dive analysis of 10 high-potential countries covering value growth during 2020-2025, key challenges, consumer demographics, and key trends. It also includes regional analysis covering the future outlook for the region
• Competitive Landscape: Provides an overview of leading brands at a global and regional level, besides analyzing the product profile, country-level presence, market share, and growth of private labels in each region
• Key Distribution Channels: Provides analysis on the leading distribution channels in the global skincare sector in 2020. It covers “dollar stores”, variety stores & general merchandise retailers, cash & carries & warehouse clubs, convenience stores, department stores, para-pharmacies/drugstores, e-retailers, hypermarkets & supermarkets, health & beauty stores, direct sellers, chemists/pharmacies, and others
• Preferred Packaging Formats*: The report provides percentage share (in 2020) and growth analysis (during 2015-2025) for various packaging materials, containers, closures, and outer types based on the volume sales (by pack units) of Skincare products

Scope

• Provides an overview of current industry scenario regarding the future outlook in terms of ingredients, product claims, labeling, 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.

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