Skin Care Body Products Market size is expected to reach USD 40.23 billion by 2028

 Skin Care Body Products Industry Overview

The global skin care body products market size was valued at USD 26.93 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% from 2022 to 2028. The skincare body products market is majorly driven by the rapidly expanding cosmetics industry. Also, the rising demand for body lotions & creams is poised to propel the industry growth during the forecast period.

 

Body care product is one of the fastest-growing segments in the cosmetics industry, as it has become an important part of women’s fashion. However, the side effects of regular usage of skincare products due to the presence of harmful chemicals are projected to restrain the market growth during the forecast period.

 

The COVID-19 pandemic has impacted the demand for skin care body products in various regions. As lockdowns were imposed across the globe, the supply chain was disturbed. Various businesses and industries were closed, which adversely affected the business. This pandemic has also impacted logistics suppliers and farmworkers. Due to the nationwide lockdowns, all the shops and industries were closed. This adversely affected the sales of skincare body products; however, the industry is expected to gain momentum in the next few years.

 

Gather more insights about the market drivers, restrains and growth of the Global Skin Care Body Products Market

 

In recent years, the commercialization of skincare body products has increased. Growing awareness of skincare products, product innovations, and rising investments in emerging countries are other factors that are driving the industry growth. Various players in the market are investing in organic products by acquiring smaller players. For instance, L’Oréal acquired Logocos Naturkosmetik AG, which is a German natural cosmetics company. The main products of the company are body care, skincare, hair color, and others. Such developments will enhance the market growth during the forecast period.

 

The significant growth in the aging population creates demand in the market, as the aged people use hair dyes for recoloring their hair, as well as various anti-aging creams and products. Moreover, the trend of brand recognition & increasing inspiration for cosmetic product usage by social platforms is further expected to propel the market growth during the forecast period. The rising awareness regarding natural ingredients-based skincare products and their effects on the human body further supports the inclination of the consumers toward natural skincare products that propel the market growth.

 

The rising trends among the male population regarding skincare cosmetics products and their positive effect on the skin are further acting as a motivating growth aspect during the forecast timeline. In addition, rising beauty awareness among men and monetary autonomy among women are other considerable factors aiding the cosmetics product demand during the forecast period.     

 

Browse through Grand View Research's Beauty & Personal Care Industry Research Reports

  • Baby Diapers Market: The global baby diapers market size was valued at USD 82.59 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.9% from 2023 to 2030. 
  • Men’s Grooming Products Market: The global men’s grooming products market was valued at USD 202.6 billion in 2022 and is projected to expand at a CAGR of 8.0% from 2023 to 2030. 

 

Key Companies Profile

Some prominent players operating in the global skincare body products market are as follows:

  • Procter & Gamble
  • Estee Lauder
  • Unilever
  • Mama Earth
  • Clorox Co.
  • Honest Co.
  • The Body Shop
  • L'Oréal
  • FOM London Skincare
  • Bloomtown

 

Order a free sample PDF of Skin Care Body Products Market Intelligence Study, published by Grand View Research.

 

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