Skincare Products Market to Grow By $ 50.04 billion in 2021, Beiersdorf AG and CHANEL Ltd. Emerge as Key Contributors to Growth|Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast|Technavio
Technavio has been monitoring the skincare products market and it is poised to grow by $ 50.04 billion during 2021-2025, progressing at a CAGR of about 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Skincare Products Market 2021-2025 (Graphic: Business Wire)
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a high impact on the skincare products market. The market growth in 2021 is likely to Increase compared to the market growth in 2019.
Frequently Asked Questions:
What are the major trends in the market?
Rising demand for multifunctional skincare products is a major trend driving the growth of the marketAt what rate is the market projected to grow?
The market will accelerate at a CAGR of about 6% and the incremental growth of the market is anticipated to be $ 50.04 billionWho are the top players in the market?
Beiersdorf AG, CHANEL Ltd., Groupe Clarins, Johnson & Johnson, Revlon Inc., Shiseido Co. Ltd., The Estee Lauder Companies Inc., The Procter & Gamble Co., and Unilever Group, are some of the major market participants.What is the key market driver?
The growing adoption of home salon and spa services is one of the major factors driving the marketHow big is the APAC market?
The APAC region will contribute 47% of the market share
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Beiersdorf AG, CHANEL Ltd., Groupe Clarins, Johnson & Johnson, Revlon Inc., Shiseido Co. Ltd., The Estee Lauder Companies Inc., The Procter & Gamble Co., and Unilever Group are some of the major market participants. The growing adoption of the home salon and spa services will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this skincare products market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Skincare Products Market 2021-2025: Segmentation
Skincare Products Market is segmented as below:
Product
Face Skincare Products
Body Skincare Products
Distribution Channel
Offline
Online
Geography
APAC
Europe
North America
South America
MEA
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Skincare Products Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The skincare products market report covers the following areas:
Skincare Products Market Size
Skincare Products Market Trends
Skincare Products Market Industry Analysis
This study identifies rising demand for multifunctional skincare products as one of the prime reasons driving the skincare products market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Skincare Products Market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist skincare products market growth during the next five years
Estimation of the skincare products market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the skincare products market across APAC, Europe, North America, South America, and MEA
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of skincare products market vendors
Table of Contents:
Executive Summary
Market Landscape
Market ecosystem
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019-2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Product
Market segments
Comparison by Product
Face skincare products - Market size and forecast 2019-2024
Body skincare products - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by Distribution channel
Market segments
Comparison by Distribution channel
Offline - Market size and forecast 2019-2024
Online - Market size and forecast 2019-2024
Market opportunity by Distribution channel
Market Segmentation by Product specifications
Market segments
Comparison by Product specifications
Skin brightening products - Market size and forecast 2019-2024
Anti-aging skincare products - Market size and forecast 2019-2024
Sun protection products - Market size and forecast 2019-2024
Moisturizers - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by Product specifications
Customer landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Volume driver - Demand led growth
Market challenges
Market trends
Vendor Landscape
Overview
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Beiersdorf AG
CHANEL Ltd.
Groupe Clarins
Johnson & Johnson Services Inc.
LOreal SA
Procter & Gamble
Revlon Consumer Products Corp.
Shiseido Co. Ltd.
The Estee Lauder Companies
Unilever PLC
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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