Global Facial Skincare Market Outlook: Trends, Growth, and Forecast
The global facial skincare market is expected to reach USD 142.11 billion by 2030, expanding at a CAGR of 5.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. The primary factors driving the market are the increasing awareness regarding the importance of facial products in order to maintain healthy skin, enhance skin appearance, and minimize skin conditions. The demand for these cosmetic products is also increasing as a result of the expanding purchasing power of the working-class population in emerging nations like China, India, and Brazil. Moreover, demand for long-lasting product variants has surged in Asia Pacific due to the growing trend of skin-whitening agents. The skincare industry has witnessed significant advancements in product formulations and technologies. Ingredients like hyaluronic acid, retinol, and vitamin C have become popular for their proven benefits in improving skin texture, reducing signs of aging, and brigh...