세계의 스킨케어 시장(2020-2029년)

The global skincare market is expected to grow at a CAGR of 6.08% from 2023 to 2029.

Key drivers include increasing awareness of skincare routines, cultural preferences, the influence of digital platforms, and the demand for natural, organic, and Halal-certified products. Furthermore, The skincare industry caters to various consumer needs, including hydration, anti-aging, sun protection, acne treatment, brightening, and sensitive skin care. It is characterized by a broad spectrum of product formulations, ranging from organic and natural ingredients to scientifically advanced and dermatologist-tested formulas.

The increasing awareness about skin health and the benefits of skincare products has led consumers to seek solutions for various skin concerns, such as aging, acne, and pigmentation. The rise of social media and influencer culture has further accelerated this trend, as beauty standards and skincare routines are widely shared and promoted online. Also, advances in technology and ingredient innovation have resulted in more effective and targeted products, appealing to a diverse range of skin types and needs. The growing emphasis on self-care and wellness also contributes to heightened interest in skincare, as consumers view it as an integral part of their overall health routine. Furthermore, The expansion of e-commerce and direct-to-consumer sales channels has made skincare products more accessible, allowing consumers to explore and purchase new offerings easily. A shift toward natural and organic ingredients reflects an increasing preference for eco-friendly and sustainable products, driving growth in this segment of the market.

KEY TAKEAWAYS

• The global skincare market was valued at USD 154.88 billion in 2023 and is expected to reach USD 220.75 million by 2029, growing at a CAGR of 6.08% during the forecast period.
• In 2023, the skin care cream segment dominated the market based on product type. The creams segment includes a diverse range of products such as face creams, anti-aging creams, night creams, day creams, oil night creams, eye creams, hand and feet creams, BB/CC creams, and sunscreen creams.
• Based on category, in 2023, the mass segment dominated the global skincare market. The mass segment tends to be more flexible and responsive to consumer trends, quickly adapting to the latest skincare trends, ingredient innovations, and consumer preferences, which helps maintain relevance and attract new customers.
• The facial segment dominated the market in 2023. The growing awareness of skincare's importance and the desire for healthy, youthful-looking skin have led more consumers to invest in facial care products.
• In 2023, the tube packaging segment dominated the global skincare market. Tubes are widely favored in the industry due to their versatility, ease of use, portability, and ability to preserve the product's efficacy by minimizing exposure to air and contaminants.
• Based on the distribution channel, in 2023, the offline segment dominated the global skincare market. Consumers value the ability to test and sample products before purchasing, which is a major advantage of brick-and-mortar stores. In addition, in-person shopping allows for personalized consultations and immediate product availability.
• APAC dominates the global skincare market due to its large and diverse consumer base, significant cultural emphasis on beauty and skincare, and rapid economic growth. The growing sophistication of the skincare market reflects heightened awareness of personal health and wellness influences, with consumers seeking advanced, effective, and personalized skincare solutions.

MARKET TRENDS

The beauty industry has shifted toward clean and natural ingredients as consumers become more aware of the health risks associated with conventional chemicals. This trend has led to a rise in the popularity of clean beauty brands that use organic ingredients and focus on sustainability. For instance, in April 2024, AFFOREST Green Beauty launched India's first Jackfruit skincare range, featuring a foaming cleanser, gel-cream moisturizer, under-eye cream, and bedtime serum. The new line focuses on combating pigmentation and hyperpigmentation with the high-performance benefits of jackfruit extracts.

The surge in demand for professional dermatological care is significantly shaping the skincare market. As individuals with skin issues increasingly turn to board-certified dermatologists for treatment, there is a growing preference for medical-grade solutions over mass-market products. Also, skincare minimalism is driving consumers toward efficient, multitasking products with proven ingredients. Brands such as Chanel, Dior, and Sisley are leading with advanced formulations that integrate high-quality components in the products to address multiple skin concerns.

MARKET DRIVERS

The surge in demand for e-commerce and digital channels is a transformative trend reshaping the global economy and consumer behavior in skincare. The exponential growth of e-commerce is driven by several interrelated factors, including technological innovation, changing consumer expectations, and collaboration with influencers. For example, in August 2024, Estee Lauder launched the Clinique brand on Amazon's Premium Beauty store, significantly expanding the brand's reach. The new storefront, introduced on March 27, has contributed to Clinique's growth in both moisturizers and makeup in the United States.

There has been a significant surge in the public's awareness of skincare, reflecting a broader societal shift toward self-care and wellness. Various factors, including increasing product launches in the men & babies segment and awareness programs by companies & government organizations, drive this heightened awareness. Also, anti-aging and preventive care in skincare have become a focal point for those seeking to preserve their skin's health, texture, and appearance. Advances in skincare, driven by scientific innovations and cutting-edge research, offer promising solutions for combating visible signs of aging.

INDUSTRY RESTRAINTS

The skincare market faces significant challenges with regulatory compliance due to the complex and constantly evolving nature of regulations across different markets. In January 2024, California banned six beauty ingredients under its Toxic-Free Cosmetics Act due to health and environmental concerns. Also, the industry faces complex regulatory challenges across global markets, necessitating rigorous compliance to avoid legal and reputational risks. Recent regulatory updates, such as ingredient bans in California and evolving safety assessments in China, underscore the need for continuous adaptation and robust systems.

Allergic reactions to cosmetics, including hives, itchiness, rashes, flaking, peeling, swelling, irritation, wheezing, and even life-threatening anaphylaxis, are becoming increasingly significant concerns in the skincare market. Moreover, the increasing adoption of homemade skin care products presents a significant challenge for traditional skincare brands. These brands are witnessing a shift in consumer behavior that could potentially erode their market share.

SEGMENTATION INSIGHTS

INSIGHTS BY PRODUCT

The global skincare market by product is segmented into cream, lotion, powder, spray, and others. In 2023, the cream segment accounted for the highest revenue share the skincare and is expected to exhibit a CAGR of 6.05% during the forecast period. The segment's broad appeal, coupled with strong marketing, frequent use in daily skincare routines, and the ability to combine multiple benefits, such as anti-aging and sun protection, contribute to their leading market share. Furthermore, the demand for lotions is driven by increasing issues such as dryness, eczema, psoriasis, and other skin conditions, which have become more common partly due to environmental factors such as pollution, climate change, and lifestyle changes.

The clean beauty movement has propelled the demand for products with minimal and transparent ingredient lists. Powders, often seen as simpler formulations, align with this trend. Also, climate conditions drive demand for skincare sprays. For example, facial mists and hydrating sprays are particularly popular in hot and humid weather, as they provide a cooling and refreshing effect. In contrast, during colder months, sprays can offer extra hydration to combat dryness.

Segmentation by Product

• Cream
• Lotion
• Powder
• Spray
• Others

INSIGHTS BY CATEGORY

The mass segment accounted for the highest share of revenue in the skincare market due to its broad accessibility and affordability. The mass category is driven by its extensive reach, cost-effectiveness, and strong brand presence, which makes quality skincare accessible to a larger population compared to premium or luxury segments. Also, the growing focus on sustainability and ethical practices has further influenced consumer preferences in the skincare market. Many mass skincare brands have embraced eco-friendly packaging, cruelty-free testing, and ethical sourcing of ingredients.

The luxury segment accounted for a significant revenue share of the market. There is an increasing demand for premium skincare products due to a rising global awareness of skin health, self-care, and anti-aging solutions. Luxury companies focus on launching products in the market to expand their product portfolio and profitability. For instance, in 2024, Chanel launched Chanel Sublimage La Lotion, with innovative features such as hydrating and strengthening skin, contains polyfractioned vanilla planifolia, enriched with vanilla planifolia milk, which rejuvenates and soothes skin.

Segmentation by Category

• Mass
• Luxury

INSIGHTS BY CARE

The global skincare market by care is segmented into facial, body, and lip & eye. In 2023, the facial segment accounted for the highest revenue share and it will grow at a CAGR of 6.21% during the forecast period. The growing awareness of skincare's importance and the desire for healthy, youthful-looking skin have led more consumers to invest in facial care products. As consumers become more informed, diverse, and sensitive in their skincare choices, the facial skincare segment is poised to continue its upward trajectory, offering vast opportunities for innovation, growth, and expansion in the global skincare market. Face care products such as serums, face wash, and others are often marketed with strong claims and innovations, which drive high consumer spending and frequent repurchases. This focus on visible and immediate results contributes significantly to the overall revenue in the skincare industry. Furthermore, as consumers become more educated about the unique and delicate nature of the skin around the eyes and lips, there is a heightened focus on specialized treatments that address issues such as dryness, fine lines, dark circles, puffiness, and signs of aging.

Segmentation by Care

• Facial
• Body
• Lip and Eye

INSIGHTS BY PACKAGING

The global skincare market by packaging is segmented into tubes, bottles, jars, and others. The tube segment accounted for the largest share of revenue at around 36% in the skincare market due to its convenience, precision, and hygiene benefits. Tubes offer easy dispensing and control over the amount of product used, which minimizes waste and ensures a clean application. Also, tubes are widely favored in the skincare market due to their versatility, ease of use, portability, and ability to preserve the product's efficacy by minimizing exposure to air and contaminants. Furthermore, the growing demand for premium skincare solutions, along with innovations such as airless pumps and sustainable materials, is fueling the rapid growth of bottle packaging in the skincare sector. Also, jars are predominantly used for thicker formulations, where ease of access to the product is crucial. Innovations in jar packaging, such as dual-chamber designs and protective inner lids, continue to support their steady growth in the industry.

Segmentation by Packaging

• Tube
• Bottle
• Jar
• Others

INSIGHTS BY DISTRIBUTION CHANNEL

In 2023, the offline segment accounted for the largest revenue share in the global skincare market and it will grow at a CAGR of 6.07% during the forecast period. Consumers value the ability to test and sample products before purchasing, which is a major advantage of brick-and-mortar stores. Also, the high share is primarily due to its established presence and customer trust. Physical stores offer a tactile experience where consumers can test products, receive personalized advice from sales staff, and make immediate purchases. Moreover, direct interaction often enhances customer confidence in the products and allows for a more engaging shopping experience. In addition, offline retail spaces benefit from strong brand visibility and the opportunity to showcase a wide range of products, which can drive higher sales volumes compared to online channels. However, consumers increasingly value the convenience and accessibility of shopping online, seeking a wide range of products from the comfort of their homes. The growth of digital platforms and social media has also amplified product visibility and brand engagement, making it easier for consumers to discover and purchase skincare products and support the online segment growth.

Segmentation by Distribution Channel

• Offline
• Online

GEOGRAPHICAL ANALYSIS

In the global skincare market, APAC accounted for the highest share of revenue, particularly in South Korea and Japan, where there is a growing interest in innovative, multi-step skincare routines and advanced formulations. Furthermore, in North America, there is a strong emphasis on high-tech, ingredient-focused products with a significant demand for anti-aging solutions. In 2023, the U.S. accounted for a significant share of revenue in the skincare market across the globe due to the presence of various companies and government regulations.

Europe, known for its rich skincare traditions, sees a preference for natural and organic products, with sustainability being a key trend. Countries such as France are at the forefront of promoting innovative and eco-friendly sun protection products. Furthermore, the integration of AI is transforming skincare practices by enhancing the understanding of skin aging and overall health. Moreover, in Germany, the skincare market is robust, characterized by high demand for innovative and effective products, making this acquisition a strategic move to capitalize on the growing consumer interest in premium and scientifically backed skincare solutions.

Latin America is experiencing a significant rise in skincare demand, primarily due to increased urbanization and the influence of Western beauty trends. Countries such as Brazil, Mexico, and Argentina are leading this trend, with a growing variety of skincare products available. Furthermore, the skincare market in the Middle East & Africa is experiencing significant growth, primarily driven by increasing awareness of skincare benefits and the rising influence of Western beauty standards.

Segmentation by Geography

• APAC
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Australia
  • Philippines
• Europe
  • Germany
  • France
  • Italy
  • The U.K.
  • Spain
  • Poland
  • Switzerland
• North America
  • The U.S.
  • Canada
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa

VENDOR LANDSCAPE

The global skincare market is fragmented, characterized by a diverse array of players ranging from multinational corporations to niche brands. Major multinational corporations such as L'Oreal, Estee Lauder, Procter & Gamble, Unilever, LVMH, Beiersdorf's, and others dominate the market with their extensive portfolios of well-established brands such as Lancome, Clinique, Olay, and others. Furthermore, vendors in the skincare market leverage their vast resources to drive research and development (R&D), allowing them to introduce innovative products that cater to a broad spectrum of skin concerns. Their strength lies in their ability to invest heavily in marketing, distribution, and brand loyalty programs, ensuring their products remain visible and desirable to consumers worldwide.

Key Developments In The Global Skincare Market

• In 2021, Honasa Consumer LTD acquired Aqualogica's focus on delivering lightweight, hydrating skincare tailored to the Indian tropical climate through innovative Water Lock Technology and natural fruit extracts.
• L'Oreal is committed to improving skin care by developing innovative solutions and enhancing awareness. Their Spotscan by La Roche-Posay uses artificial intelligence to offer personalized diagnoses and routines for acne-prone skin. Furthermore, in 2023, Lancome launched an unprecedented collection of skincare products in collaboration with the Louvre Museum.

Key Company Profiles

• Beiersdorf
• Estee Lauder Companies
• L'Oreal
• LVMH
• Procter & Gamble
• Shiseido Company, Limited
• Unilever

Other Prominent Vendors

• AFFOREST Green Beauty
• AFRICAN BOTANICS
• AMOREPACIFIC
• AURELIUS
• Bee Rx
• Biotique
• Body Cupid
• BYROE
• Beauty of Joseon
• CAUDALIE
• Chanel
• Colgate-Palmolive Company
• Consonant Skin+Care
• COSMETIZE B.V.
• Coty
• Eclat Official
• Embryolisse
• Emma Hardie
• FOREO
• Groupe Clarins
• Himalaya Wellness Company
• Honasa Consumer Ltd
• Huda Beauty
• Innovist
• Jahwa
• Johnson & Johnson
• Kao Corporation
• Khadi Natural Healthcare
• L'OCCITANE Group
• LAMIOR
• Lumene
• Mary Kay
• MCaffeine
• Minimalist
• Nairobi
• NAOS
• Natura &Co
• NecessaryGood
• Officina Profumo Farmaceutica di Santa Maria Novella
• Oriflame Cosmetics Global SA
• Pai Skincare
• PAPATUI
• PROVEN
• Puig
• Sisley Paris
• Sofina
• SUGAR Cosmetics
• The Good Glamm Group
• THG PLC
• True Botanicals
• TYMK HEALTH & WELLNESS PRIVATE LIMITED
• Wardah

KEY QUESTIONS ANSWERED:

1. How big is the global skincare market?

2. What is the growth rate of the global skincare market?

3. Who are the key players in the global skincare market?

4. Which region dominates the global skincare market share?

5. What are the significant trends in the skincare market?

TABLE OF CONTENTS

1. Scope & Coverage

• 1.1. Market Definition
• 1.2. Inclusions
• 1.3. Exclusions
• 1.4. Market Estimation Caveats
• 1.5. Market Size & Forecast Periods
  • 1.5.1. Historic Period: 2020-2022
  • 1.5.2. Base Year: 2023
  • 1.5.3. Forecast Period: 2024-2029
• 1.6. Market Size (2020-2029)
  • 1.6.1. Revenue
• 1.7. Market Segments
• 1.8. Market Segmentation by Product
• 1.9. Market Segmentation by Category
• 1.10. Market Segmentation by Care
• 1.11. Market Segmentation by Packaging
• 1.12. Market Segmentation by Distribution Channel

2. Opportunity Pockets

3. Introduction

4. Market Opportunities & Trends

• 4.1. Shifting Preference to Clean Beauty and Natural Ingredients
• 4.2. Influence of Dermatology
• 4.3. Rise of Minimalist Skincare

5. Market Growth Enablers

• 5.1. Growth in Awareness of Skin Health
• 5.2. Growth in Adoption of E-commerce and Digital Channels
• 5.3. Growth in Outlook of Anti-aging and Preventive Care Products

6. Market Restraints

• 6.1. Regulatory Hurdles in the Market
• 6.2. Allergic Reaction from Skincare Products
• 6.3. Growth in Adoption of DIYs

7. Market Landscape

• 7.1. Five Forces Analysis

8. Product (Market Size & Forecast: 2020-2029)

• 8.1. Cream
• 8.2. Lotion
• 8.3. Powder
• 8.4. Spray
• 8.5. Others

9. Category (Market Size & Forecast: 2020-2029)

• 9.1. Mass
• 9.2. Luxury

10. Care (Market Size & Forecast: 2020-2029)

• 10.1. Facial
• 10.2. Body
• 10.3. Lip and Eye

11. Packaging (Market Size & Forecast: 2020-2029)

• 11.1. Tube
• 11.2. Bottle
• 11.3. Jar
• 11.4. Others

12. Distribution Channel (Market Size & Forecast: 2020-2029)

• 12.1. Offline
• 12.2. Online

13. Geography (Market Size & Forecast: 2020-2029)

• 13.1. APAC
  • 13.1.1. China
  • 13.1.2. Japan
  • 13.1.3. South Korea
  • 13.1.4. India
  • 13.1.5. Indonesia
  • 13.1.6. Australia
  • 13.1.7. Philippines
• 13.2. Europe
  • 13.2.1. Germany
  • 13.2.2. France
  • 13.2.3. Italy
  • 13.2.4. UK
  • 13.2.5. Spain
  • 13.2.6. Poland
  • 13.2.7. Switzerland
• 13.3. North America
  • 13.3.1. US
  • 13.3.2. Canada
• 13.4. Latin America
  • 13.4.1. Brazil
  • 13.4.2. Mexico
  • 13.4.3. Argentina
• 13.5. Middle East & Africa
  • 13.5.1. UAE
  • 13.5.2. Saudi Arabia
  • 13.5.3. South Africa

14. Competitive Landscape

15. Competitive Overview

• 15.1. Key Developments
• 15.2. Market Share Analysis

16. Key Company Profiles

17. Other Prominent Company Profiles

18. Report Summary

• 18.1. Key Takeaways
• 18.2. Strategic Recommendations