The Asia Pacific Skin Care Market would witness market growth of 6.6% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 4,610.3 million units, showcasing a growth of 6.6% (2019-2022).
The demand for skin nutrition products has developed due to growing worries about skin nourishment based on various causes, including acne, black spots, scars, dullness, and tanning. Skin brightening treatments, toners, and scrubs are increasingly popular among the younger generation. On the other hand, products that remedy wrinkles or cracked heels are gaining popularity due to increased demand from the elderly population. Furthermore, the demand for sunscreen lotions and creams is rising as people become more aware of the dangers of prolonged sun exposure. Expanding the market will be aided by shifting consumer purchasing habits and lifestyles regarding premium beauty products.
Increasing skin health awareness and pursuing a radiant complexion have driven substantial growth in the adoption of these products. Consumers are becoming more discerning, seeking products that address cosmetic concerns and provide therapeutic benefits. The development of social media and beauty influencers have played a critical role in altering consumer behaviour, creating a space in which trends spread quickly and product suggestions have substantial influence. As a result, the market has witnessed a surge in demand for natural, sustainable, and ethically sourced products, reflecting a broader societal shift towards conscious consumerism.
India's beauty and skincare industry has shifted toward clean and green beauty practices. The expansion of organic farming practices in India has increased the availability of organic raw materials. This, in turn, supports the growth of the natural and organic product demand. Ayurveda and traditional herbal remedies have been integral to Indian culture. The preference for products with natural, herbal ingredients aligns with cultural practices and has fuelled the growth of natural and organic beauty and wellness products in India. All these factors will uplift the regional market’s expansion in coming years.
The China market dominated the Asia Pacific Skin Care Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $24,012.7 Million by 2030. The Japan market is registering a CAGR of 5.8% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.2% during (2023 - 2030).
Based on Gender, the market is segmented into Female, and Male. Based on Packaging, the market is segmented into Tubes, Bottles & Jars, and Others. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Product Type, the market is segmented into Creams & Moisturizers, Cleansers & Face Wash, Powder, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Skin Care Market is Predict to reach $244.8 Billion by 2030, at a CAGR of 6.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Colgate Palmolive Company, The Procter & Gamble Company (P&G), Johnson & Johnson, Unilever PLC, The Estee Lauder Companies, Inc., Shiseido Company Limited, Kao Corporation, Avon Products, Inc. (Natura & Co Holding SA), Revlon, Inc. (MacAndrews & Forbes), L'Oréal S.A.
By Gender (Volume, Million Units, USD Billion, 2019 to 2030)
By Packaging (Volume, Million Units, USD Billion, 2019 to 2030)
By Distribution Channel (Volume, Million Units, USD Billion, 2019 to 2030)
By Product Type (Volume, Million Units, USD Billion, 2019 to 2030)
By Country (Volume, Million Units, USD Billion, 2019 to 2030)
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