NEW YORK, Dec. 12, 2016 /PRNewswire/ -- Opportunities identified by facial care type (anti-aging, moisturizer, cleanser and scrub, others) by body and hand care type (body care, hand care), by depilatories type, by sun care (after sun, self-tanning, sun protection) by region (North America, Europe, Asia Pacific, Rest of the World)
The future of the global skincare product industry looks good with opportunities in the areas of anti-aging, sun protection, body care lotion, and multi-functional skin cream. The global skincare product industry is expected to reach an estimated $135.1 billion by 2021 and is forecast to grow at a CAGR of 3.8% by value from 2016 to 2021. The major drivers for the growth for this market are increasing awareness among consumers about skin care and consumers' inclination towards multi-functional skincare creams.
Emerging trends, which have a direct impact on the dynamics of the industry, include multiple featured products, such as fairness creams with sun block features and sun care products with anti-aging effects.
A total of 230 figures / charts and 15 tables are provided in this 220-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this report, download the report brochure.
The study includes a forecast for the global skincare product industry for personal care products as facial care, body and hand care, depilatories, and sun care as follows:
By product [Value ($ Billion) and Volume (Billion Units) for 2010 – 2021]:
- Facial care
o Cleanser and Scrub
- Body and Hand Care
o Body Care
o Hand Care
- Sun care
o After Sun
o Sun Protection
By region [Value ($ Billion) and Volume (Billion Units) for 2010 – 2021]:
- North America
- Asia Pacific
- Rest of World
L'Oréal, Unilever PLC, Estee Lauder Companies Inc., Kao Corporation, and Procter & Gamble are the major manufacturers of skincare products.
On the basis of comprehensive research, Lucintel forecasts that the facial care segment is expected to show above average growth during the forecast period.
Within the skincare product industry, facial care is expected to be the largest segment by value and volume.
Asia Pacific is expected to remain the largest market due to the increasing population and rising per capita income in this region.
This report addresses the following key questions:
Q.1 What are some of the most promising, high-growth opportunities for the skincare product industry by product including facial care (anti-aging, moisturizer, cleanser and scrub, and others), body and hand care, depilatories, and sun care (after sun, self-tanning, and sun protection) and by region of North America, Europe, Asia Pacific, and the Rest of the World?
Q.2 Which segment will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting industry dynamics? What are the drivers and challenges in this industry?
Q.5 What are the business risks and competitive threats in this industry?
Q.6 What are the emerging trends in this industry and reasons behind them?
Q.7 What are some of the changing demands of customers in the industry?
Q.8 What are the new developments in the industry and which companies are leading these developments?
Q.9 Who are the major players in this industry? What strategic initiatives are being taken by key players for business growth?
Q.10 What are some of the competing products in this industry and how big of a threat do they pose for loss of market share by product substitution?
Q. 11 What M&A activities have occurred in the last 5 years?
Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team.
The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors' financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel's professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the market. Some of the tire one suppliers in global skincare product industry are Dow Corning, BASF, Croda, Evonik Industries, Toho Chemical Industry Co., Ltd, and others. Some of the skincare product manufacturers in this market are L'Oréal, Unilever PLC, Estee Lauder Companies Inc., Kao Corporation, and Procter & Gamble, and others.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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