The Asia Pacific Skin Lightening Products Market would witness market growth of 5.6% CAGR during the forecast period (2022-2028).
Hydroquinone is a prevalent ingredient in skin whiteners. It acts by reducing the formation of melanin. Tretinoin also called all-trans retinoic acid, is a kind of retinoic acid that can be used to whiten certain areas. It can be used with steroid and hydroquinone therapy. Alpha hydroxy acid (AHA) is a skin bleaching agent, although its molecular mechanism is unknown.
The most frequent drug used to lighten the skin is glutathione, which is taken by mouth. It could be used as a cream as well. It's an antioxidant that the body naturally produces. A 2017 assessment revealed tentative evidence of tranexamic acid's efficacy in melasma, whereas another 2017 evaluation found inadequate data to support its usage. Melasma may benefit from azelaic acid as a second-line treatment. A variety of laser therapies have been employed to treat melasma with some success. Recurrence, on the other hand, is common, and certain lasers might cause additional pigmentation.
The bulk of skin lightening products are produced and consumed in India. In South Asia, India accounts for around a quarter of all skin lightening product sales. Because millennials have grown up with technology, they are more technologically savvy than prior generations. Furthermore, millennials in India enjoy better internet access than their counterparts in other countries. Popular Western beauty trends are sweeping India's beauty sector, creating opportunities for sales of skin lightening product.
Younger beauty enthusiasts are becoming more focused on long beauty solutions, hence why companies who are transparent about their goods and make efforts to reduce their environmental footprint are valued more highly. Aside from that, the younger generation is unafraid to spend more on reliable and safe cosmetic products. In comparison to other countries, South Korea has a high skin lightening beauty trend. The urge to develop skincare with more potential skincare benefits, not sustainability, is driving the skin lightening product beauty trend in South Korea. Because beauty devotees want pure, undiluted formulas, sales of water-based beauty products are expected to rise. As a result of increased cosmetics product popularity among the regional population, the skin lightening product market is predicted to grow over the forecast period.
The China market dominated the Asia Pacific Skin Lightening Products Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,970.8 Million by 2028. The Japan market is experiencing a CAGR of 5% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 6.3% during (2022 - 2028).
Based on Product, the market is segmented into Creams, Cleanser, Mask, and Others. Based on Nature, the market is segmented into Synthetic, Natural, and Organic. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Skin Lightening Products Market is Projected to reach USD 13.5 Billion by 2028, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include L'Oreal Group, The Procter and Gamble Company, Unilever PLC, Shiseido Company, Limited, Beiersdorf AG, The Himalaya Wellness Company (Himalaya Global Holdings Ltd.), Kao Corporation (Kanebo Cosmetics, Inc.), Vlcc Health Care Limited, Avon Products, Inc., and Dabur India Ltd.
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