Global Cosmetic Skin Care Market 2019-2023 | Presence of Premium Brands Drives Growth | Technavio

January 2, 2019

LONDON--(BUSINESS WIRE)--Jan 2, 2019--The global cosmetic skin care market research report by predicts the market to post a CAGR of approximately 6% during the period 2019-2023.

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Technavio has published a new market research report on the global cosmetic skin care market from 2019-2023. (Graphic: Business Wire)

The increasing popularity and presence of premium cosmetic skincare brands have led to the growth of the market in recent times. Affluent consumers are continually looking to update and advance their knowledge about skin care and thereby, are receptive to learning and engaging with luxury and premium brands online. These affluent consumers have been influencing premium skincare brands to build up their digital appeal and credibility to boost their market share.

Technavio classifies the growing preference for organic cosmetics and cosmeceuticals as a significant factor that has the potential to affect the and contribute to its growth significantly. Also, this research report also provides an analysis of the critical trends & drivers expected to impact the market outlook during the period 2019-2023.

This report is available at a USD 1,000 discount for a limited time only:

Global cosmetic skin care market: Growing preference for organic cosmetics and cosmeceuticals

The consumers are gradually shifting from chemical-based cosmetics to organic or chemical-free cosmetics. The chemical-free cosmetics and cosmeceuticals are free from toxic compounds that are harsh on the skin or contain biologically active compounds, which have medicinal effects on the skin and therefore, are gaining popularity among consumers.

“Natural raw materials such as neem extracts, soybean, fish oil, aloe vera, and guar gum are being used to manufacture organic skin products. Fish oil is used in cosmetic skin care products because of its stabilizing and preservative properties. The organic cosmetics also include natural fragrances,” says a senior research analyst at Technavio.

Global cosmetic skin care market: Segmentation analysis

This cosmetic skin care market analysis report segments the market by product (facial skin care, body care, and others) and geography (the Americas, APAC, and EMEA).

The facial skin care segment held the largest market share in 2018, accounting for over 59% of the market. This product segment is expected to dominate the global market throughout the forecast period.

The Americas led the market in 2018 with approximately 40% of the market share, followed by EMEA and APAC respectively. The growth of the cosmetic skin care market in the Americas can be attributed to the presence of several key vendors in the region.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

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SOURCE: Technavio Research

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PUB: 01/02/2019 11:33 AM/DISC: 01/02/2019 11:33 AM


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