New York, NY, May 10, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Cosmetic Skin Care Market by Product Type (Moisturizers, Cleansing Lotions, Facial Masks, Shaving Creams, Serums, Exfoliators, Anti-Ageing Creams, Toners, Eye Creams And Sun Care Products), and by Distribution Channel (Online Sales, Standalone Retail Outlets, Factory Outlet, And Supermarkets): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2023”. According to the report, global cosmetic skin care market was valued at approximately USD 138.09 billion in 2017 and is expected to generate revenue of around USD 190.40 billion by end of 2023, growing at a CAGR of around 5.50% between 2017 and 2023.  

Rising awareness regarding harmful effects of pollution, excessive usage of conventional cosmetics for skin and growing awareness about harmful effects of UV rays is expected to drive the global cosmetic skin care market growth over the forecast period. Furthermore, skin related issues among women are high due to increased use of chemical cosmetics. Thus, consumers are switching to natural or organic cosmetics and also cosmeceuticals, as it is free from harmful chemicals. Cosmetic products are manufactured with advanced technologies, research, and formulas. In skincare, an example of the technological shift in the products based on genetic testing, and it includes analysis of gene sequences for the aging process. Other factors contributing to the growth of cosmetic skin care includes rapid expansion in the middle class. According to the National Bureau of Statistics of China, a middle-class population with annual income between 7200 and 60,000 USD. It is accounted for 23% of overall population, and as per NBS statistics by 2020; it will exceed 50% of total households.

Browse through 29 Tables & 24 Figures spread over 110 Pages and in-depth TOC on "Global Cosmetic Skin Care Market: Industry Size, Trends, Segments, Statistics and Forecast, 2017 – 2023”.

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Growing number of health scares due to chemicals in cosmetics and rising pollution levels in major cities are influencing people to switch to the cosmeceutical, natural or organic cosmetics instead of chemical-based products. India introduced compulsory registration for imported cosmetics products as of April 2013. All cosmetic products imported for sale in India are required to be registered with Central Drugs Standard Control Organization (CDSCO) which is the Indian licensing authority within the office of the Drug Controller General of India in the Ministry of Health & Family Welfare and Government of India (GOI). It represents costs in terms of time, money and administrative requirements for international companies to sell their cosmetics products in India.   

The cosmetic skin care market is segmented on the basis of product type into moisturizers, cleansing lotions, facial masks, shaving creams, serums, exfoliators, anti-aging creams, toners, eye creams and sun care products. Anti-aging creams held major revenue share in global cosmetic skincare market throughout the forecast period. The growth is attributed due to growing awareness levels among old as well as young generation regarding anti-aging solutions.     

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Based on distribution channel, cosmetic skin care market is segmented as online sales, standalone retail outlets, factory outlet, and supermarkets. Supermarket and factory outlets held major revenue share in cosmetic skin care market. Growing demand for highly accessible and authentic source of cosmetic products and increased awareness coupled with sales offers provided in such stores are the major factors expected to drive segment growth over the forecast period.  

North America dominates the cosmetic skin care market due to increased demand for premium skin care products significantly and presence of major industry players in the region.  North America was the largest geographical market for anti-aging creams due to growing aging population in the region which is expected to increase demand for an anti-aging cream.

Browse the full "Cosmetic Skin Care Market by Product Type (Moisturizers, Cleansing Lotions, Facial Masks, Shaving Creams, Serums, Exfoliators, Anti-Ageing Creams, Toners, Eye Creams And Sun Care Products), and by Distribution Channel (Online Sales, Standalone Retail Outlets, Factory Outlet, And Supermarkets): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2023 " report at https://www.zionmarketresearch.com/report/cosmetic-skin-care-market

Europe is the second largest regional market and is expected to show significant growth in the future years due to growing trend towards nature-inspired products and increasing European government initiatives to ensure safe cosmetics for consumers. For instance, European Scientific Committee on Cosmetic Products and Non-Food Products (SCCPNFP) have issued guidance document which consists of a list of forbidden fragrance ingredients.

The Asia-Pacific is projected to witness highest CAGR during the forecast period. Market growth is particularly expected in China, India, and other emerging countries. The growth is attributed due to increasing demand for skin-whitening creams and sun care products, as consumers in the region have more intensive skin care regimes.  Furthermore, changing consumer preferences in developing countries of Asia Pacific coupled with rising demand for premium brands is further expected to drive industry growth in the region.  

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Some of the key players in cosmetic skin care market include L'Oreal S.A., Unilever PLC, Procter & Gamble, Beiersdorf AG, Avon Products Inc., The Estee Lauder Companies Inc., Johnson & Johnson, Kao Corporation, The Body Shop International PLC and others. Industry players are mostly focusing on new product launch and merger and acquisition strategy to maintain their foothold in the market.  

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This report segments the global cosmetic skin care market as follows:

Global Cosmetic Skin Care Market: Product Segment Analysis

  • Moisturizers
  • Cleansing Lotions
  • Facial Masks
  • Shaving Creams
  • Serums
  • Exfoliators
  • Anti-aging Creams
  • Toners
  • Eye Creams
  • Sun Care Products

Global Cosmetic Skin Care Market: Distribution Channel Segment Analysis

  • Online Sales
  • Standalone Retail Outlets
  • Factory Outlet
  • Supermarkets  

Global Cosmetic Skin Care Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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