The global skin lightening products market size was valued at USD 9.22 billion in 2023. The market is expected to expand from USD 9.67 billion in 2024 to USD 16.42 billion by 2032, exhibiting a CAGR of 6.85% over the study period.
Skin lightening products are infused with ingredients, including retinols, antioxidants, vitamin C, and others that boost the skin’s brightness while enhancing the skin discoloration. The growing demand for plant-based skin illuminating products is set to flourish market expansion. In 2024, Clariant AG, a Switzerland-based specialty chemical firm, announced a joint venture agreement with Plant Advanced Technologies (PAT) to formulate patented, proprietary plant milking and target binding technologies.
The limitation or shutdown of operations of modern trade operators, such as supermarkets and cosmetic shops owing to the lockdown restrictions caused by the COVID-19 pandemic, led to a significant impact on sales of the product. Despite this, product consumption across several nations globally was aided by bulk buying of personal care products by consumers to avoid scarcity issues.
Fortune Business Insights™ provides this information in its research report, titled “Skin Lightening Products Market”.
Browse Details summary for the Sking Lightening Products Market: https://www.fortunebusinessinsights.com/skin-lightening-products-market-110570
Top Companies in the Skin Lightening Products Market:
Segmentation:
Creams Segment Dominated Driven by Ease of Absorption
On the basis of form, the market is classified into soaps, gels, lotions, creams, and others. The creams segment accounted for the largest skin lightening products market share in 2023 on account of the ease of absorption of creams. In addition, various multiple skincare advantages, such as nourishment, hydration, and moisturization are provided by creams.
Greater Production of Cosmetics Made Using Safer Synthetics to Spur Segment Growth