LONDON--(BUSINESS WIRE)--Technavio has been monitoring the skincare products market and it is poised to grow by USD 39.01 billion during 2020-2024, progressing at a CAGR of about 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions-
- At what rate is the market projected to grow during the forecast period 2020-2024?
- Growing at a CAGR of about 5%, the market growth will accelerate in the forecast period.
- What is the key factor driving the market?
- The presence of premium brands is one of the key factors driving the market growth.
- Who are the top players in the market?
- Beiersdorf AG, CHANEL Ltd., Groupe Clarins, Johnson & Johnson Services Inc., LOreal SA, Procter & Gamble, Revlon Consumer Products Corp., Shiseido Co. Ltd., The Estee Lauder Companies, Unilever PLC are some of the major market participants.
- Which region is expected to hold the highest market share?
- What is a major trend in the market?
- Rising demand for multifunctional skincare products is a trend driving the market growth.
- What is the year-over-year growth rate of the global market?
- The year-over-year growth rate for 2020 is estimated at 4.58%.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Beiersdorf AG, CHANEL Ltd., Groupe Clarins, Johnson & Johnson Services Inc., LOreal SA, Procter & Gamble, Revlon Consumer Products Corp., Shiseido Co. Ltd., The Estee Lauder Companies, and Unilever PLC are some of the major market participants. The presence of premium brands will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Skincare Products Market 2020-2024: Segmentation
Skincare Products Market is segmented as below:
- Face Skincare Products
- Body Skincare Products
- Skin Brightening Products
- Anti Aging Skincare Products
- Sun Protection Products
- North America
- South America
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Skincare Products Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our skincare products market report covers the following areas:
- Skincare Products Market size
- Skincare Products Market trends
- Skincare Products Market analysis
This study identifies the rising demand for multifunctional skincare products as one of the prime reasons driving the skincare products market growth during the next few years.
Skincare Products Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the skincare products market, including some of the vendors such as Beiersdorf AG, CHANEL Ltd., Groupe Clarins, Johnson & Johnson Services Inc., LOreal SA, Procter & Gamble, Revlon Consumer Products Corp., Shiseido Co. Ltd., The Estee Lauder Companies, and Unilever PLC. Backed with competitive intelligence and benchmarking, our research reports on the skincare products market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Skincare Products Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist skincare products market growth during the next five years
- Estimation of the skincare products market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the skincare products market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of skincare products market vendors
Table of Contents:
- Market Overview
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- Face skincare products - Market size and forecast 2019-2024
- Body skincare products - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Distribution Channel
- Market segments
- Comparison by Distribution channel placement
- Offline - Market size and forecast 2019-2024
- Online - Market size and forecast 2019-2024
- Market opportunity by Distribution channel
Market Segmentation by Product Specification
- Market segments
- Comparison by Product Specification placement
- Skin brightening products - Market size and forecast 2019-2024
- Anti aging skincare products - Market size and forecast 2019-2024
- Sun protection products - Market size and forecast 2019-2024
- Moisturizers - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Product Specification
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher-priced units
- Market challenges
- Market trends
- Landscape disruption
- Vendor Analysis
- Market positioning of vendors
- Beiersdorf AG
- CHANEL Ltd.
- Groupe Clarins
- Johnson & Johnson Services Inc.
- LOreal SA
- Procter & Gamble
- Revlon Consumer Products Corp.
- Shiseido Co. Ltd.
- The Estee Lauder Companies
- Unilever PLC
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.