Topical Skin Care Preparations Market Outline
Topical Skin Care Preparations are the product that are applied on the superficial layer of the skin which are intended to support the skin integrity, enhance skin appearance of the skin, to relieve skin conditions and diseases.
Global Topical Skin Care Preparations market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over the 2018 to 2024.
Growing beauty consciousness, increase in expenditure on beauty products are the main factors that propels the growth of topical skin care preparations. Growing beauty concerns by males, inclination towards luxury and premium skincare products also drives market growth for topical skin care preparations. Increase in introduction of innovative topical skin care products with new flavors and forms also boosts the topical skin care preparations market growth. However, availability of cheap and fake products, alternative products, and conventional tips for skin care may hinder the growth of topical skin care preparations market.
Topical Skin Care Preparations market is segmented based on the form, type, application, distribution channel and geographical regions
Based on the Form,it is segmented into the following
Based on the Type, it is segmented into the following
Based on the Application,it is segmented into the following
Based on the Distribution Channel,it is segmented into the following
- Online stores
Based on the geographical regions,it is segmented into the following
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
Nowadays, topical skin care preparations market is in flourishing stage, many of the local and multinational players are actively involving in development of innovative products of topical skin care preparations. The key strategies adopted by the market players are, acquisition, mergers, agreements, new product approvals, and new product launches in order to enhance their market presence, to improve their product portfolio and geographical presence in topical skin care preparations market globally. In April 2017, Galderma and Colorescience entered into a collaboration to expand skincare solutions of daily skincare products. In February 2018, Dove launched DermaSeries Skin care collection which comprises topical products like face wash, cream, face bar, body wash, body lotion, eczema relief body lotion, repairing cream, hand cream.
Geographically, global Topical Skin Care Preparations market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Europe is the dominating market for topical skin care preparations followed by North America owing to the huge expenditure on beauty products, time to time changes in fashion trends and beauty trends, most of the western countries are covered with snow for long time so, there will be more chances of skin problems and infections which leads to the huge growth of topical skin care preparations market. Asia Pacific, Middle East and Africa, Latin American regions also show significant growth rate in topical skin care preparations owing to the growing awareness among people, increasing expenditure on beauty products and care, rise in economical standards and state of living etc.
- Pfizer (U.S.)
- Beiersdorf Global AG (Germany)
- THE BODY SHOP INTERNATIONAL PLC (U.K)
- Unilever (Vaseline) (U.K)
- The Himalaya Drug Company (India)
- Procter & Gamble Co. (U.S.)
- Johnson & Johnson (U.S.)
- Avon Products, Inc. (U.S.)
- Unilever (UK)
- Bristol Myers Squibb (U.S.)
- Kao USA Inc. (Jergens) (U.S)
Notable Market Developments
- In February 2018, USANA a nutritional supplements manufacturer launched its new skin care line called Celavive.
- In January 2018, Glamanik Skin Care launched new line of cruelty free skin care products to combat common skin issues facing by women.
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2013-2017) and forecast (2018-2024)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market