The Europe Sensitive Skin Care Products Market would witness market growth of 8.2% CAGR during the forecast period (2023-2030).
The market is growing because customers are using skin care products earlier as they become more knowledgeable about sensitive skin disorders and treatments. Skin sensitivity issues, including rosacea, eczema, and allergies, are growing more prevalent. This tendency has expanded the demand for skincare that is made for people with sensitive skin. The creation of novel components and technology that precisely address sensitive skin issues results from advances in research & development. As a result, more delicate and efficient products have been created, generating interest from customers, and expanding the market.
Modern lifestyles, which are marked by pollution, stress, and exposure to harsh weather, may have a detrimental effect on skin health. Because of this, customers are looking for items to protect and soothe their sensitive skin, fueling the market. Moreover, working with dermatologists, skincare experts, and influencers might open profitable potential for top players in the market. During the anticipated period, this is anticipated to fuel market growth.
The demand for skin care products has increased due to lifestyle changes, rising disposable income, and urbanization. Anti-aging, anti-wrinkle, and other facial treatments are significant because individuals are putting more emphasis on their appearance. Increased expenditure on skincare products has become popular in recent years due to social media's enormous influence. On these forums, many medical professionals, famous people, and influencers demonstrate the efficacy of these masks and express their enthusiasm for them. As a result, there is now much more demand, particularly from millennials and Generation Z.
Approximately €29 billion will be generated by the personal and beauty care sector in Europe each year. There are €11 billion in direct contributions from the cosmetics industry and another €18 billion through the supply chain. Over 2 million employments are supported by this industry as well. By 2020, 1.69 million individuals, or 229,400, were employed along the cosmetics value chain directly and indirectly.
The Germany market dominated the Europe Sensitive Skin Care Products Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,870.1 million by 2030. The UK market would showcase a CAGR of 7.3% during (2023 - 2030). Additionally, The France market is anticipated to grow at a CAGR of 9% during (2023 - 2030).
Based on Gender, the market is segmented into Female, and Male. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Specialty Stores, Pharmacy & Drugstores, Online, and Others. Based on Product, the market is segmented into Face Care (Face Creams & Moisturizers, Cleansers & Face Wash, Serums and Essence, Sunscreen, and Others), Body Care (Body Creams & Moisturizers, Body Wash, and Others), and Lip Care (Lip Balms, Lip Scrub, and Others). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Sensitive Skin Care Products Market is Projected to reach USD 80.1 Billion by 2030, at a CAGR of 8.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include L'Oréal S.A., Johnson & Johnson, Unilever PLC, Beiersdorf AG, The Estee Lauder Companies, Inc., The Procter and Gamble Company, Amorepacific Corporation, Kao Corporation, Pevonia International LLC, and Sebapharma GmbH & Co. KG.
By Gender
By Distribution Channel
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