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Posted by mulfy on September 13, 2024 at 2:20pm 0 Comments 0 Likes
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Posted by mulfy on September 13, 2024 at 2:19pm 0 Comments 0 Likes
The Skin Care Products Market size is expected to reach USD 207.49 Billion in 2028 and register a revenue CAGR of 4.8% over the forecast period, according to the latest report by Reports and Data. Growing demand for chemical free and natural products is a key factor driving market revenue growth. Variety of skin care products are available in the market such as anti-aging creams, sunscreens, body lotions and skin lightening cream and others. People have become more conscious about these creams. Consumer preferences have shifted towards natural skin care products because it provides better UV protection to the skin, have anti-aging properties which help to look younger.
Consumers spend more on skin care from an early age. They spend a considerable amount of time and money on products to reduce the signs of aging. Therefore, there is a growing interest in anti-aging skincare products with Vitamin-C, Vitamin-E, collagen, and others that delay skin aging. Consequently, number of manufacturers is increasing and these companies are focusing to enter the market through various strategies such as product innovations, and merger & acquisitions.
In the skin care products industry, rising consciousness about physical appearance and excellent skin quality is a major factor driving market revenue growth. In addition, increasing investments in research and development of new products, outstanding marketing campaigns used by existing major players are supporting market revenue growth.
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Some Key Highlights from the Report
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For the purpose of this report, Reports and Data has segmented the global skin care products market based on product type, category type, ingredient type, gender type, distribution channel type, and region:
Product Type Outlook (Revenue, USD Billion; 2018-2028)
Category Type Outlook (Revenue, USD Billion; 2018-2028)
Ingredient Type Outlook (Revenue, USD Billion; 2018-2028)
Gender Type Outlook (Revenue, USD Billion; 2018-2028)
Distribution Channel Type Outlook (Revenue, USD Billion; 2018-2028)
Regional Outlook (Revenue, USD Billion; 2018-2028)
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Key questions answered by the report
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