ALBANY, N.Y.--(BUSINESS WIRE)--Leading market analysis firm Transparency Market Research (TMR) has announced the publication of a new market study. The new report, which details the global skin care products market, is titled ‘Skin Care Products Market (Face Cream and Body Lotion) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021’ and is available on TMR’s website for sale.
Browse Market Research Report: http://www.transparencymarketresearch.com/medicated-skin-care-products.html
Skin care products are applied to maintain the youthful appearance and health of skin. As such, the increasing level of beauty consciousness and purchasing power of consumers in developing countries is helping the global skin care products market post robust growth figures. The global market for skin care products was worth US$110.7 bn in 2014 and, rising at a 4.90% CAGR from 2015, is expected to reach a valuation of US$155.4 bn by 2021.
The report segments the global skin care products market into face creams, sun protection creams, anti-aging creams, skin brightening creams, and body lotions on the basis of product type. Due to the growing population of Baby Boomers in North America and Europe, anti-aging creams are popular in these two regional segments. In Asia Pacific, the Middle East, and Africa, skin brightening and sun protection creams are more popular. The hot climate in a large part of these regions is also responsible for the high demand for creams that hydrate the skin.
Going forth, the Middle East and Africa market for skin care products is expected to lead global charts in the forecast period, according to TMR analysts. The market is projected to expand at a CAGR of 8.60% from 2015 to 2021. Within this regional segment, South Africa is the fastest growing segment.
- Skincare Market: http://www.transparencymarketresearch.com/skincare-market.html
- Skincare Devices Market: http://www.transparencymarketresearch.com/skincare-devices-market.html
Transparency Market Research (TMR) is a U.S.-based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.