Increased Focus on Skincare Fuelling Global Skin Care Products Market

Published: May 2024

Global skin care products market is anticipated to grow at a considerable CAGR of 8.4% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increasing awareness and prioritization of skincare and personal grooming among consumers globally. The increasing millennial population globally is generating huge demand for personalized skincare products. Additionally, the rising trend for skin specific products is promoting key players to introduce new products in the market to lure a large number of customer interest. For instance, in January 2024, Makeup Revolution, the UK-born beauty brand for the masses, expands their complexion portfolio with the introduction of two revolutionary launches - Skin Silk Serum Foundation and Bright Light Face Glow. Both of these much-anticipated complexion launches are set to refresh beauty routines for all, providing innovative and multifunctional formulas that will be available at Ulta and Target, respectively.

Browse the full report description of “Skin Care Products Market Size, Share & Trends Analysis Report by Type (Facial Care, Lip Care and Body Care), by Category (Premium Skincare Products and Mass Skincare Products), and by Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Pharmacy & Drugstore and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/skin-care-products-market

Further, in March 2023, M-A-C Cosmetics, a subsidiary of Estée Lauder, unveiled Locked Kiss Ink, a new line of lip inks. The company asserts that this product offers exceptional longevity and comfort. Similarly, in January 2023, M-A•C Cosmetics introduced Hyper Real Skincare, a series of skincare items including serums, cleansing creams, and cleansers. The collection promises to enhance makeup durability while reinforcing and hydrating the skin barrier. Each product in this range features extracts derived from Japanese peonies.

Market Coverage

The market number available for – 2023-2031

Base year- 2023

Forecast period- 2024-2031

Segment Covered- 

o By Type

o By Category

o By Distribution Channel

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- includesAmorepacific Corp., LVMH, Procter & Gamble, Unilever PLC, Colgate-Palmolive Co., and others.

Key questions addressed by the report.

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • Who is the leader in the market?
  • How are players addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Skin Care Products Market Report Segment

By Type

  • Facial Care
  • Lip Care
  • Body Care

By Category

  • Premium Skincare Products
  • Mass Skincare Products

By Distribution Channel

  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Pharmacy & Drugstore
  • Others (Online)

Global Skin Care Products Market Report Segment by Region

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa


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