Industry Insights
There is a wide variety of products available on the market including sunscreens, anti-ageing creams, body lotions, and skin brightening creams. Rising awareness regarding the various benefits of using personal care products has resulted in a rise in their demand over the last few years. This has also boosted the demand for natural and organic skin care products, making it a major sector in the cosmetics and wellness industry. Organic products are derived from natural resources and are free from harmful chemicals. Growing awareness regarding the adverse effects of synthetic counterparts has contributed to an increase in the demand for these products.
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Product Insights
New product launches and establishment of strategic partnerships are expected to remain a critical success factor for the industry participants in the years to come. Body lotions segment also held a significant share of the global market in 2018. There is a strong growth potential worldwide for body care treatments. Body lotions segment also held a significant share of the market in 2017. Body lotions do not contain chemical substances, such as ammonia, sulfur and parabens, which is expected to promote their demand over synthetically derived counterparts.
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Regional Insights
Asia Pacific led the global market in 2018, in terms of revenue. The overall personal care industry in the region has experienced exponential growth over the past few years. Skin care is the largest category of this industry. Europe held the second-largest share of the market in 2018. Technological advancements in the region coupled with development and introduction of innovative creams and lotions is expected to have a positive impact on the region’s growth over the next few years. Rising demand for anti-aging creams on account of various factors is also expected to boost market development in the coming years.
Report Scope
Attribute & Details
Base year for estimation
2018
Actual estimates/Historical data
2014 - 2017
Forecast period
2019 - 2025
Market representation
Revenue in USD Million and CAGR from 2019 to 2025
Regional scope
North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa
Country scope
U.S., Germany, U.K., China, India, Japan, Brazil, and Saudi Arabia
Report coverage
Revenue forecast, company share, competitive landscape, growth factors and trends
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