According to a new report, published by KBV research, The Global Sensitive Skin Care Products Market size is expected to reach $80.1 billion by 2030, rising at a market growth of 8.9% CAGR during the forecast period.
The Male segment is showcasing a CAGR of 9.7% during (2023 - 2030). Men are actively looking for products that address their unique skin concerns and sensitivities as their awareness of skin health increases. Additionally, solutions for sensitive skin that have many functions, such as sun protection, integrating miniaturization, and soothing characteristics in one product, align with consumer preferences for simplicity and ease. Throughout the projected period, this is anticipated to fuel male segment growth.
The Supermarkets & Hypermarkets segment acquired the highest revenue share in the Global Sensitive Skin Care Products Market by Distribution Channel in 2022, thereby achieving a market value of $29.8 billion by 2030. Due to their extensive product selection, affordable pricing, easy accessibility for customers, and promotion of and awareness-raising for sensitive skin care products, supermarkets & hypermarkets play a vital role in the sensitive skin care products market. It is easier for customers to explore and buy products without visiting specialty stores because consumers can easily locate sensitive skin care products with other personal care items. These factors are probably going to boost the segment in the forecasted time frame.
The Body Care segment has shown a high growth rate of 9.2% during (2023 - 2030). Products for body sensitivity care have shown a constant rise in recent years. The growth of this market segment has been attributed to rising awareness of skin sensitivities and consumer preference for gentle, hypoallergenic products. Additionally, many firms have prevailed in the trust and loyalty of customers by giving clear and straightforward information about the substances utilized in their body-sensitive care products.
The Asia Pacific region dominated the Global Sensitive Skin Care Products Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $32.2 billion by 2030, growing at a CAGR of 9.3 % during the forecast period. The Europe market is registering a CAGR of 8.2% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 8.4% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/sensitive-skin-care-products-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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