WILMINGTON, DE / ACCESSWIRE / August 17, 2022 / Transparency Market Research Inc. - The global skin care market size was worth around US$ 148.3 Bn in 2020. Skin care products market analysis project the market to rise at a CAGR of 5.6% during the forecast period, from 2021 to 2031.The global skin care industry statistics expect the market to attain valuation of US$ 269.2 Bn by 2031. In order to meet the growing demand from customers throughout the world, firms in the global skin care products market are primarily concentrating on producing high-quality goods.
Organic and natural skin care products are more popular amongst consumers in developing nations who want to keep their skin healthy. The rising number of manufacturers operating globally is what is likely to drive the market for skin care products worldwide. The rapid acceptance of skin care products across the globe is largely due to consumer awareness about the benefits of using them for cleanliness and better health. Sales of these items have increased as a result of technological developments in production process and digitization of distribution channels. In developing markets, the demand for skin care products is being further fuelled by rising promotional efforts and innovative commercials.
People are more conscious of personal care products as a result of improvements in living standards brought on by rapid urbanisation and an increasing number of workers. Several individuals are increasingly inclined to utilise skin care and body care goods due to increased disposable incomes and consumer buying power. Consumers frequently purchase skin care items like cleansers, gel, moisturisers, masks, lotions, sunscreen, serums, face wash, and various body care products.
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Key Findings of Market Report
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Global Skin Care Products Market: Growth Drivers
Global Skin Care Products Market: Key Players
Some of the key market players are
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Global Skin Care Products Market: Segmentation
Cosmetic Skin Care Market- Cosmetic Skin Care Market is expected to reach US$ 154.7 Bn by the end of 2031
Nail Care Market- Nail Care Market is expected to reach US$ 23.1 Bn by the end of 2031
Feminine Hygiene Products Market- Feminine Hygiene Products Market is expected to surpass the value of US$ 127.6 Bn by the end of 2031
Period Panties Market- Period Panties Market is expected to reach US$ 275.6 Mn by the end of 2031
Hair Removal Products Market- Hair Removal Products Market is expected to surpass the value of US$ 1.8 Bn by the end of 2031
Tampons Market- Tampons Market is expected to surpass the value of US$ 8.3 Bn by the end of 2031
Women Intimate Care Market- Women Intimate Care Market is expected to reach US$ 45.84 Bn by the end of 2031
Smart Bathrooms Market- Smart Bathrooms Market is expected to exceed value of US$ 21.9 Bn by the end of 2031
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