The skincare market size was valued at USD 109.71 billion in 2023 and is projected to reach a valuation of USD 115.65 billion in 2024. The market is expected to reach USD USD 194.05 billion by 2032 with a CAGR of 6.68% during the forecast period. Skincare products improves the quality and health of the skin and provide nourishment. These products offer various advantages such as softening the skin and revitalizing cells, giving a fresh look. Increasing awareness of personal care among all age groups is set to drive market growth. Fortune Business Insights™ shares this information in its report titled “Skincare Market, 2024-2032."

Top Companies Covered in the Skincare Market:

• L’Oréal Professional (France)
• Unilever (U.K.)
• Procter & Gamble (U.S.)
• Estée Lauder Inc. (U.S.)
• Beiersdorf AG (Germany)
• Shiseido Co., Ltd. (Japan)
• Coty Inc. (U.S.)
• Natura & Co. (Brazil)
• Kao Corporation (Japan)
• Johnson & Johnson Services, Inc. (U.S.)
• Avon Products Inc. (U.K.)

Information Source: https://www.fortunebusinessinsights.com/skin-care-market-102544****

Segmentation

Creams To Dictate Due To Various Applications

On the basis of product, the market is segmented into creams, lotions, powders, and sprays. Creams had the largest part in the market as they are used for various applications such as moisturizing, brightening, tan removal, acne removal, oil reduction, dark circle removal, night cream, and sun protection.

Face segment to Govern Due to Increasing Usage

Based on packaging, the market is categorized into tube, jar, bottle, and others. Face segment is anticipated to dominate the market as consumers generally apply creams and powders on the face compared to other body parts. Major companies have been developing sustainable face products that are safe for the environment.

Female Segment To Lead Due To Rising Awareness Regarding Personal Grooming