Skin care products are applied to the skin in order to avoid symptoms of early aging, pimples, and black patches. Increasing beauty consciousness among the consumers globally is creating a positive impact on the demand of skin care products. Skin care products include face creams and body lotions.
Albany, NY -- (SBWIRE) -- 09/08/2015 -- The report, titled "Skin Care Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021", featured on Market Research Reports Search Engine (MRRSE) presents a comprehensive overview of the global market of skin care products. The report, published by Transparency Market Research, states that the global skin care market had a net valuation of US$110.69 billion in 2014. Developing at a moderate 4.9% CAGR between 2015 and 2021, the market is expected to rise to US$155.44 billion by 2021.
The report identifies rising consciousness about healthy skin, improving economic conditions of developing countries, rising population of aged people, and consistent demands for a variety of skin care products from the Asia Pacific market as the key factors driving the global skin care products market.
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Rising demand for anti-aging products from across the globe, for instance increasing demand for sun screen and skin moisturizing products from Latin America market, and a marked rise in demand for organic skin care products, especially from North America and European markets are some of the most trending developments observed in the global skin care products market in the past few years.
The report segments the global skin care market based on two criteria: product types and geography.
Based on types of products, the market is broadly segmented into face cream and body lotion. The segment of face creams is further sub-segmented into sun protection cream, anti-aging cream, and skin brightening cream. Based on geography, the market is segmented broadly into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
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Under the product type body lotion, the segments of mass market body care lotion and premium body care lotion are studied. Of all the product types studied in the report, the market segment of face cream held the largest market share in 2014 and is also projected to remain the leading market segment over the report's forecast period. The report states that this market segment will rise at 4.8% CAGR between 2015 and 2021.
The sub-segment of anti-aging creams in the face cream segment is expected to rise to a valuation of US$36.11 billion by 2021. Despite the anti-aging cream segment witnessing excellent growth prospects, growth registered by the market segment of sun screen lotions is expected to outpace that of anti aging creams over the report's forecast period. Increased demand for sun screen products from the Latin America market will be a prime factor driving growth in this segment.
The report presents detailed business profiles of some of the major players in the market, including L'Oreal S.A., Kao Corporation, Avon Products Inc., Unilever PLC, Shiseido Company, Limited, The Estee Lauder Companies Inc., Procter & Gamble, Colgate-Palmolive Company, Johnson & Johnson, and Beiersdorf AG.
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