Topical Skin Care Preparations Market size was valued at USD 129.24 billion in 2021 and is expected to expand at a compound annual growth rate CAGR of 4.9% from 2022 to 2028. Topical Skin Care Preparations are the product that are applied on the superficial layer of the skin which are intended to support the skin integrity, enhance skin appearance of the skin, to relieve skin conditions and diseases. Nowadays, topical skin care preparations market is in flourishing stage, many of the local and multinational players are actively involving in development of innovative products of topical skin care preparations. The key strategies adopted by the market players are, acquisition, mergers, agreements, new product approvals, and new product launches in order to enhance their market presence, to improve their product portfolio and geographical presence in market globally. In April 2017, Galderma and Colorescience entered into a collaboration to expand skincare solutions of daily skincare products. In February 2018, Dove launched DermaSeries Skin care collection which comprises topical products like face wash, cream, face bar, body wash, body lotion, eczema relief body lotion, repairing cream, hand cream. Skin care entails procedures that help to maintain the integrity of the skin, improve its appearance, and treat skin problems. This involves proper nutrition, avoiding excessive sun exposure, and using emollients appropriately. Changes in lifestyle patterns in emerging countries due to rapid urbanisation, increased awareness of advanced skin care products, increased demand for skin care products, new product innovation, high investments in emerging countries, and others are among the top influencing factors in the global skin care products market. In February 2018, USANA a nutritional supplements manufacturer launched its new skin care line called Celavive. In January 2018, Glamanik Skin Care launched new line of cruelty free skin care products to combat common skin issues facing by women.
Fastest Growing Market
Growing beauty consciousness, increase in expenditure on beauty products are the main factors that propels the growth of topical skin care preparations. Growing beauty concerns by males, inclination towards luxury and premium skincare products also drives market growth for topical skin care preparations. Increase in introduction of innovative topical skin care products with new flavors and forms also boosts the topical skin care preparations market growth. However, availability of cheap and fake products, alternative products, and conventional tips for skin care may hinder the growth of topical skin care preparations market.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.