Rockville, MD -- (SBWIRE) -- 04/02/2018 -- Skin grooming basically implies utilization of cosmetic as well as medical products for overcoming skin-related problems, such as rashes, and wrinkles. There are a variety of products available in the market promising better health of skin, which include face creams such as skin-brightening, anti-aging, and sun protection creams; and body lotions such as moisturizers.
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The global skin grooming market is projected to expand at an above-average CAGR during the forecast period (2017-2022), according to a recently published research by Fact.MR. The global skin grooming market is estimated to reach nearly US$ 204,000 Mn in revenues by 2022-end.
Substantial demand is being witnessed for body lotions, sunscreens, and face creams, among consumers, with prominent e-commerce websites enabling niche product vendors to tap into the market share. Over the past few years, myriad skin grooming brands have entered into the market, with an aim to lure skin-conscious consumers, with introduction of natural products. In addition, stringent regulations have been imposed by the Environmental Protection Agency (EPA), and the Food and Drug Administration (FDA) of the U.S. pertaining to the shelf-life of skin grooming products. Skin grooming products are also required to adhere to the Soil Association standards concerning clearance for "made with organic", and "organic" ingredients.
Moisturizers to Remain Sought-after among Products in the Market
Moisturizers will remain sought-after among products in the global skin grooming market. In addition, sales of anti-aging creams and sun protection creams are expected to register similar CAGRs through 2022, anti-aging creams being more lucrative than sun protection creams.
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Hypermarket/supermarket is estimated to remain the largest distribution channel for skin grooming products. Sales of skin grooming products in online distribution channel will exhibit a sluggish CAGR through 2022.
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.
Key players profiled in the global market for skin grooming include 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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