Skin Grooming Market: Sales of Sunscreen and Anti-Aging Creams to Soar
Asia Pacific excluding Japan (APEJ) will continue to be dominant in the global skin grooming market, with sales exhibiting a steady expansion through 2022. Europe will remain the second most lucrative region for growth of the market.
Rockville, WA -- (SBWire) -- 07/07/2018 --Skin grooming refers to the use of medical as well as cosmetic items for healing issues related to the skin like wrinkles and rashes. These days there are multiple items like anti-aging, body lotions, skin lightening, as well as sunscreen lotions, that promise improvement in the overall health of skin with their continuous usage. There is a considerable demand by public for sunscreens, body lotions. In the recent past, myriad skin grooming brands have been introduced that focus on enticing customers who are worried about their skin, by using natural ingredients in their items. Plus, strict rules have been put into play by Food and Drug Administration of the United States, as well as the environmental protection agency for improving the durability of skin grooming items. Along with this, skin grooming items also need to abide by the soil association standards for clearing "organic" and "made with organic" ingredients.
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Trend of Natural and Organic Products Taking Strong Root in Consumer's Minds
The growing trend of opting for natural products is predicted to boost the requirements for both natural as well as active cosmetic ingredients that consists of botanical extracts, enzymes, as well as amino acids. Also, these days many key players of the global skin grooming market are selling their skin products online so as to fulfill the demands of customers throughout the world and increase their sales and revenues. Key players like these are investing a lot of money for R&D purposes as well, and are making use of green technology, raw materials for skin care items that assures better quality along with bigger shelf life. This lets the environment stay away from harmful materials and also lets the customers use the best as well as natural items on their skin.
Moisturizers Witnessing Highest Consumption Among Skin Grooming Products
As per the study conducted by fact.MR, it is predicted that the skin grooming market will grow at a decent CAGR throughout the assessment period of 2017 to 2022. It is also predicted that the skin grooming market will account for around US dollars 204,000 million globally by the end of the assessment period. On the basis of the type of product, this market is divided into moisturizers, cleansing lotions, anti aging creams, facial masks, sun protection, toners, eye cream and serums. It is predicted that moisturizers will be the most widely used product in the skin grooming market globally. Also the sales of both sun protection cream as well as anti aging creams are predicted to put up similar CAGR's towards the end of the assessment period, and the sun protection cream segment is predicted to be less profitable in comparison to the anti aging creams.
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On the basis of the distribution channel, this market is further divided into hypermarket or supermarket, online sales, retailers, and other retail formats. On the basis of the distribution channel, supermarket or hypermarket is predicted to be the most beneficial distribution channel for skin grooming items and the sales arising out of online distribution of the skin grooming items is predicted to have a low CAGR throughout the end of the assessment period.
Asia Pacific excluding Japan Leading in Terms of Most Lucrative Regional Market
With the sales continuously rising throughout the year 2022 in the Asia Pacific excluding Japan region, it is predicted that this region will continue to dominate and Europe will be right after Asia Pacific excluding Japan region in terms of profitability.
The most important players of the global skin grooming market are Beiersdorf AG, L'Oréal S.A., Johnson & Johnson Services, Inc., Avon Products, Inc., Kao Corporation, Shiseido Co., Ltd, The Estee Lauder Companies, Inc., Unilever PLC, Colgate-Palmolive Company, and Mary Kay Inc.
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