The Skin Lighteners Market in APAC to grow by 5.71% from 2022 to 2027|GlobalBees Brands Pvt. Ltd., Groupe Clarins, Kaya Ltd., LOreal SA, and more to emerge as key players- Technavio

NEW YORK, July 25, 2023 /PRNewswire/ -- The size of the skin lighteners market in APAC is projected to increase by USD 2,503.12 million, and the market is estimated to grow at a CAGR of 5.71% between 2022 and 2027. In 2017, the size of the market was valued at USD 6,534.17 million, according to Technavio -The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including - Beiersdorf AG, Bio Veda Action Research Co., Coty Inc., Dabur India Ltd., Emami Ltd., GlobalBees Brands Pvt. Ltd., Groupe Clarins, Kaya Ltd., LOreal SA, Natura and Co Holding SA, Oriflame Holding AG, Revlon Inc., Shiseido Co. Ltd., The Estee Lauder Companies Inc., The Procter and Gamble Co., Trumount Cosmeceuticals Pvt. Ltd., Unilever PLC, VLCC Health Care Ltd., Himalaya Global Holdings Ltd., and Lotus Herbals Pvt. Ltd. Download the Sample Report

Skin lighteners market in APAC Insights -

• Vendors: 15+, Including Beiersdorf AG, Bio Veda Action Research Co., Coty Inc., Dabur India Ltd., Emami Ltd., GlobalBees Brands Pvt. Ltd., Groupe Clarins, Kaya Ltd., LOreal SA, Natura and Co Holding SA, Oriflame Holding AG, Revlon Inc., Shiseido Co. Ltd., The Estee Lauder Companies Inc., The Procter and Gamble Co., Trumount Cosmeceuticals Pvt. Ltd., Unilever PLC, VLCC Health Care Ltd., Himalaya Global Holdings Ltd., and Lotus Herbals Pvt. Ltd., among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: distribution channel (offline and online), and end-user (female and male)

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Skin lighteners market in APAC - Vendor Insights

Skin Lighteners Market in APAC – Market Dynamics

Key Drivers

Changing beauty standards are a key factor driving market growth. In many Asian countries, fair skin is linked with beauty, success, and social status. However, beauty standards in the region are being influenced by globalization, media, and advertising, leading to a growing demand for skin-lightening products in APAC.

Influencers and celebrities play a significant role in promoting these products through social media and other platforms, leveraging their substantial follower base. Additionally, demand for other skin care products, like serums and masks, is on the rise due to their perceived effectiveness in reducing pigmentation and enhancing skin texture. Hence, these factors are expected to drive market growth during the forecast period.

Major Trends

The rising popularity of K-beauty is a major trend shaping market growth. Korean beauty brands, also known as K-beauty, are popular for offering highly effective skincare products, especially those that address concerns like hyperpigmentation and uneven skin tone. This has led to their increasing popularity among consumers in the region.

Well-established brands like Innisfree, Laneige, and Etude House have a significant presence in the region, contributing to the rising demand for skin-lightening products. These brands have a strong online presence, using platforms like Instagram and YouTube to reach a larger audience. Many K-beauty brands also focus on using natural and organic ingredients, which are considered safe and sustainable. As a result, consumers prefer these products as alternatives to conventional skin-lightening options. Hence, the rise in demand for K-beauty is expected to drive market growth during the forecast period.

Significant Challenges

Lack of transparency among products and ingredients is a significant challenge restricting market growth. There are several concerns surrounding certain skin-lightening products in APAC, including issues of transparency, safety, and efficacy. The lack of regulations governing the manufacturing and sales of these products has resulted in a lack of transparency, leading to the proliferation of substandard and counterfeit items in unregulated markets.

Some of these products may contain harmful substances like high concentrations of hydroquinone and steroids, posing risks of skin damage, liver and kidney damage, and even cancer. Consequently, the safety of these products is a significant concern. Additionally, the lack of transparency in labeling and advertising further increases the issue, as misleading claims and inadequate information about the ingredients used can mislead consumers. Hence, these factors are expected to restrict market growth during the forecast period.

Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The skin lighteners market in the APAC report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as prospects.

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What are the key data covered in this Skin Lighteners Market in APAC report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the skin lighteners market in APAC between 2023 and 2027
• Precise estimation of the size of the skin lighteners market in APAC and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the skin lighteners market in APAC
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of the skin lighteners market vendors in APAC

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Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Regional - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on APAC: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Regional - Market size and forecast 2022-2027 ($ million)

4 Historic Market Size

• 4.1 Skin lighteners market in APAC 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on skin lighteners market in APAC 2017 - 2021 ($ million)

• 4.2 Distribution Channel Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 22: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 25: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 26: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 27: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 28: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

• 6.1 Market segments
• Exhibit 29: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 30: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 6.2 Comparison by Distribution Channel 
• Exhibit 31: Chart on Comparison by Distribution Channel
• Exhibit 32: Data Table on Comparison by Distribution Channel

• 6.3 Offline - Market size and forecast 2022-2027 
• Exhibit 33: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 34: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 6.4 Online - Market size and forecast 2022-2027 
• Exhibit 37: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 38: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Distribution Channel 
• Exhibit 41: Market opportunity by Distribution Channel ($ million)
• Exhibit 42: Data Table on Market opportunity by Distribution Channel ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 45: Chart on Comparison by End-user
• Exhibit 46: Data Table on Comparison by End-user

• 7.3 Female - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Female - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Female - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Female - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Female - Year-over-year growth 2022-2027 (%)

• 7.4 Male - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Male - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Male - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Male - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Male - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by End-user 
• Exhibit 55: Market opportunity by End-user ($ million)
• Exhibit 56: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 58: Chart on Market share by geography - 2022-2027 (%)
• Exhibit 59: Data Table on Market share by geography - 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 60: Chart on Geographic comparison
• Exhibit 61: Data Table on Geographic comparison

• 9.3 China - Market size and forecast 2022-2027 
• Exhibit 62: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 65: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.4 Japan - Market size and forecast 2022-2027 
• Exhibit 66: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 69: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.5 South Korea - Market size and forecast 2022-2027 
• Exhibit 70: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Chart on South Korea - Year-over-year growth 2022-2027 (%)
• Exhibit 73: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

• 9.6 India - Market size and forecast 2022-2027 
• Exhibit 74: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 77: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.7 Rest of APAC - Market size and forecast 2022-2027 
• Exhibit 78: Chart on Rest of APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Data Table on Rest of APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Chart on Rest of APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 81: Data Table on Rest of APAC - Year-over-year growth 2022-2027 (%)

• 9.8 Market opportunity by geography 
• Exhibit 82: Market opportunity by geography ($ million)
• Exhibit 83: Data Table on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 84: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 85: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 86: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 87: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 88: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 89: Matrix on vendor position and classification

• 12.3 Beiersdorf AG
• Exhibit 90: Beiersdorf AG - Overview
• Exhibit 91: Beiersdorf AG - Business segments
• Exhibit 92: Beiersdorf AG - Key news
• Exhibit 93: Beiersdorf AG - Key offerings
• Exhibit 94: Beiersdorf AG - Segment focus

• 12.4 Coty Inc.
• Exhibit 95: Coty Inc. - Overview
• Exhibit 96: Coty Inc. - Business segments
• Exhibit 97: Coty Inc. - Key offerings
• Exhibit 98: Coty Inc. - Segment focus

• 12.5 Dabur India Ltd.
• Exhibit 99: Dabur India Ltd. - Overview
• Exhibit 100: Dabur India Ltd. - Business segments
• Exhibit 101: Dabur India Ltd. - Key offerings
• Exhibit 102: Dabur India Ltd. - Segment focus

• 12.6 GlobalBees Brands Pvt. Ltd. 
• Exhibit 103: GlobalBees Brands Pvt. Ltd. - Overview
• Exhibit 104: GlobalBees Brands Pvt. Ltd. - Product / Service
• Exhibit 105: GlobalBees Brands Pvt. Ltd. - Key offerings

• 12.7 Himalaya Global Holdings Ltd. 
• Exhibit 106: Himalaya Global Holdings Ltd. - Overview
• Exhibit 107: Himalaya Global Holdings Ltd. - Product / Service
• Exhibit 108: Himalaya Global Holdings Ltd. - Key offerings

• 12.8 LOreal SA
• Exhibit 109: LOreal SA - Overview
• Exhibit 110: LOreal SA - Business segments
• Exhibit 111: LOreal SA - Key news
• Exhibit 112: LOreal SA - Key offerings
• Exhibit 113: LOreal SA - Segment focus

• 12.9 Lotus Herbals Pvt. Ltd. 
• Exhibit 114: Lotus Herbals Pvt. Ltd. - Overview
• Exhibit 115: Lotus Herbals Pvt. Ltd. - Product / Service
• Exhibit 116: Lotus Herbals Pvt. Ltd. - Key offerings

• 12.10 Natura and Co Holding SA 
• Exhibit 117: Natura and Co Holding SA - Overview
• Exhibit 118: Natura and Co Holding SA - Business segments
• Exhibit 119: Natura and Co Holding SA - Key offerings
• Exhibit 120: Natura and Co Holding SA - Segment focus

• 12.11 Oriflame Holding AG
• Exhibit 121: Oriflame Holding AG - Overview
• Exhibit 122: Oriflame Holding AG - Business segments
• Exhibit 123: Oriflame Holding AG - Key offerings
• Exhibit 124: Oriflame Holding AG - Segment focus

• 12.12 Revlon Inc.
• Exhibit 125: Revlon Inc. - Overview
• Exhibit 126: Revlon Inc. - Business segments
• Exhibit 127: Revlon Inc. - Key offerings
• Exhibit 128: Revlon Inc. - Segment focus

• 12.13 Shiseido Co. Ltd.
• Exhibit 129: Shiseido Co. Ltd. - Overview
• Exhibit 130: Shiseido Co. Ltd. - Product / Service
• Exhibit 131: Shiseido Co. Ltd. - Key offerings

• 12.14 The Procter and Gamble Co. 
• Exhibit 132: The Procter and Gamble Co. - Overview
• Exhibit 133: The Procter and Gamble Co. - Business segments
• Exhibit 134: The Procter and Gamble Co. - Key news
• Exhibit 135: The Procter and Gamble Co. - Key offerings
• Exhibit 136: The Procter and Gamble Co. - Segment focus

• 12.15 Trumount Cosmoceuticals Pvt. Ltd. 
• Exhibit 137: Trumount Cosmoceuticals Pvt. Ltd. - Overview
• Exhibit 138: Trumount Cosmoceuticals Pvt. Ltd. - Product / Service
• Exhibit 139: Trumount Cosmoceuticals Pvt. Ltd. - Key offerings

• 12.16 Unilever PLC
• Exhibit 140: Unilever PLC - Overview
• Exhibit 141: Unilever PLC - Business segments
• Exhibit 142: Unilever PLC - Key news
• Exhibit 143: Unilever PLC - Key offerings
• Exhibit 144: Unilever PLC - Segment focus

• 12.17 VLCC Health Care Ltd. 
• Exhibit 145: VLCC Health Care Ltd. - Overview
• Exhibit 146: VLCC Health Care Ltd. - Product / Service
• Exhibit 147: VLCC Health Care Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 148: Inclusions checklist
• Exhibit 149: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 150: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 151: Research methodology
• Exhibit 152: Validation techniques employed for market sizing
• Exhibit 153: Information sources

• 13.5 List of abbreviations
• Exhibit 154: List of abbreviations

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