Facial Skincare Market (By Products: Facial Creams, Skin-Whitening & Anti-ageing, Serums & Masks, Others; By Gender: Male, Female; By Distribution Channel: Pharmacies, Hypermarkets/Supermarkets, Online) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033
The global facial skincare market size was estimated at USD 96.13 billion in 2023 and is predicted to hit around USD 169.57 billion by 2033, growing at a CAGR of 5.84% from 2024 to 2033.
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The U.S. facial skincare market size reached USD 27.03 billion in 2023 and is anticipated to reach around USD 47.68 billion by 2033, poised to grow at a CAGR of 5.90% from 2024 to 2033.
North America held the largest market share of 37% in 2023. The U.S. dominated the North American market, followed by Canada in 2023. Acne is among the most common skin conditions across the U.S. and affects nearly 50 million Americans every year. Approximately 85% of people between 12 and 24 years of age experience at least minor acne in the U.S.
Asia Pacific is expected to grow at the highest rate during the forecast period. The introduction of integrated skin care products caters to the growth of the facial skincare market in the Asia Pacific (APAC) region. India is expected to account for a larger share of the market in the APAC region during the study period.
Germany is expected to hold a higher share of the European market during the study period. Females in Britain spend around £1.15 billion ($1.45 billion) on facial skincare annually. Considering the presence of nations with high spending capacity, early adoption of the latest facial skincare products, and development of new face care skin solutions, the facial skincare market is estimated to grow notably in the European region in the coming years.
Facial skincare treatment includes using various facial products such as lotions, creams, facial masks, and peels. Facial masks are used for different purposes, such as deep cleansing, healing acne scars or hyper-pigmentation, and brightening. Facial skincare treatments are normally performed across various beauty salons.
Report Coverage | Details |
Growth Rate from 2024 to 2033 | CAGR of 5.84% |
Global Market Size in 2023 | USD 96.13 Billion |
Global Market Size by 2033 | USD 169.57 Billion |
U.S. Market Size in 2023 | USD 27.03 Billion |
U.S. Market Size by 2033 | USD 47.68 Billion |
Base Year | 2023 |
Forecast Period | 2024 to 2033 |
Segments Covered | By Products, By Gender, and By Distribution Channel |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Driver: Launch of new facial skincare products
Day by day, new products and companies are launched in the market, which drives the market’s growth. People are invested and interested in the new products because they solve their skin, and in many cases, the products are better than the existing ones.
Restraint: Side effects of skin whitening
Lybrate, Inc. has stated that if a person is undergoing laser whitening treatment, they may experience side effects such as skin dryness, bruising, tightness, sensitivity to sunlight, scarring, swelling, skin texture difference, skin infections, pigmentation, skin redness, and irritation. It is also observed that deep chemical peel treatments can also cause permanent damage, such as hypopigmentation (skin lightening) or hyperpigmentation (skin darkening). If a person undergoes aggressive skin whitening treatments, it may become ooze and raw, forming crusts all over. Various drawbacks and risks associated with skin whitening solutions are restraining the growth of the facial skincare market to a considerable extent.
Opportunity: Increasing R&D activities for facial skincare
A lot of effort is put into skincare product development. To develop better products that will provide better results than the existing products creates opportunities for the growth of the market.
An article shared by ScienceDaily in January 2024 stated that an experimental study has exhibited that a kind of skin bacterium can be engineered efficiently to produce a protein to regulate sebum production. This application is expected to treat acne without compromising the homeostasis of the entire skin microbiome.
The facial creams segment held a significant market share in 2023. As per a November 2022 survey of more than 1,000 people from Advanced Dermatology, on average, Americans spend around $722 on their appearance each year. Owing to increasing affordability and rising inclination towards good looks, the demand for various facial creams is growing notably across multiple countries of the world.
The skin-whitening & anti-aging segment is predicted to grow at a notable compounded annual growth rate (CAGR) during the study period. Considering the capability to lessen facial spots, penetrate skin pigments, minimize wrinkles, and lighten skin, other face products such as anti-aging creams and skin-whitening solutions are becoming popular.
The female segment held the largest share of the facial skincare market in 2023. The high share of the female segment is attributable to increasing financial independence and growing spending on personal care items. The rising count of working women is also contributing to the growing demand for facial skincare products. As per a SkinStore survey, women are using about $8 worth of products on their faces per day. Females are more inclined toward the use of skincare products due to beauty standards, stereotypes, and high beauty expectations.
The men segment is observed to grow at a significant rate during the forecast period. In the case of males, only in recent years have people started focusing on skincare. Many companies have launched skincare products like facewash, fairness creams, and other products that are suitable for males.
The hypermarkets/supermarket segment held the largest share of the facial skincare market in 2023. Hypermarkets and supermarkets offer a vast array of facial skincare products, including cleansers, moisturizers, serums, and masks, from various brands and price points. This extensive product selection allows consumers to compare options, explore new products, and find skincare solutions that meet their specific needs and preferences.
Hypermarkets and supermarkets often offer competitive pricing on facial skincare products, leveraging their bulk purchasing power and economies of scale to negotiate favorable deals with suppliers. Additionally, these retailers frequently run promotions, discounts, and sales events to attract customers and drive sales volume, making skincare products more affordable and accessible to a wider audience.
Segments Covered in the Report
By Products
By Gender
By Distribution Channel
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Facial Skincare Market
5.1. COVID-19 Landscape: Facial Skincare Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Facial Skincare Market, By Products
8.1. Facial Skincare Market, by Products, 2024-2033
8.1.1 Facial Creams
8.1.1.1. Market Revenue and Forecast (2021-2033)
8.1.2. Skin-Whitening & Anti-ageing
8.1.2.1. Market Revenue and Forecast (2021-2033)
8.1.3. Serums & Masks
8.1.3.1. Market Revenue and Forecast (2021-2033)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2021-2033)
Chapter 9. Global Facial Skincare Market, By Gender
9.1. Facial Skincare Market, by Gender, 2024-2033
9.1.1. Male
9.1.1.1. Market Revenue and Forecast (2021-2033)
9.1.2. Female
9.1.2.1. Market Revenue and Forecast (2021-2033)
Chapter 10. Global Facial Skincare Market, By Distribution Channel
10.1. Facial Skincare Market, by Distribution Channel, 2024-2033
10.1.1. Pharmacies
10.1.1.1. Market Revenue and Forecast (2021-2033)
10.1.2. Hypermarkets/ Supermarkets
10.1.2.1. Market Revenue and Forecast (2021-2033)
10.1.3. Online
10.1.3.1. Market Revenue and Forecast (2021-2033)
Chapter 11. Global Facial Skincare Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Products (2021-2033)
11.1.2. Market Revenue and Forecast, by Gender (2021-2033)
11.1.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Products (2021-2033)
11.1.4.2. Market Revenue and Forecast, by Gender (2021-2033)
11.1.4.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Products (2021-2033)
11.1.5.2. Market Revenue and Forecast, by Gender (2021-2033)
11.1.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Products (2021-2033)
11.2.2. Market Revenue and Forecast, by Gender (2021-2033)
11.2.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Products (2021-2033)
11.2.4.2. Market Revenue and Forecast, by Gender (2021-2033)
11.2.4.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Products (2021-2033)
11.2.5.2. Market Revenue and Forecast, by Gender (2021-2033)
11.2.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Products (2021-2033)
11.2.6.2. Market Revenue and Forecast, by Gender (2021-2033)
11.2.6.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Products (2021-2033)
11.2.7.2. Market Revenue and Forecast, by Gender (2021-2033)
11.2.7.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Products (2021-2033)
11.3.2. Market Revenue and Forecast, by Gender (2021-2033)
11.3.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Products (2021-2033)
11.3.4.2. Market Revenue and Forecast, by Gender (2021-2033)
11.3.4.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Products (2021-2033)
11.3.5.2. Market Revenue and Forecast, by Gender (2021-2033)
11.3.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Products (2021-2033)
11.3.6.2. Market Revenue and Forecast, by Gender (2021-2033)
11.3.6.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Products (2021-2033)
11.3.7.2. Market Revenue and Forecast, by Gender (2021-2033)
11.3.7.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Products (2021-2033)
11.4.2. Market Revenue and Forecast, by Gender (2021-2033)
11.4.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Products (2021-2033)
11.4.4.2. Market Revenue and Forecast, by Gender (2021-2033)
11.4.4.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Products (2021-2033)
11.4.5.2. Market Revenue and Forecast, by Gender (2021-2033)
11.4.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Products (2021-2033)
11.4.6.2. Market Revenue and Forecast, by Gender (2021-2033)
11.4.6.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Products (2021-2033)
11.4.7.2. Market Revenue and Forecast, by Gender (2021-2033)
11.4.7.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Products (2021-2033)
11.5.2. Market Revenue and Forecast, by Gender (2021-2033)
11.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Products (2021-2033)
11.5.4.2. Market Revenue and Forecast, by Gender (2021-2033)
11.5.4.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Products (2021-2033)
11.5.5.2. Market Revenue and Forecast, by Gender (2021-2033)
11.5.5.3. Market Revenue and Forecast, by Distribution Channel (2021-2033)
Chapter 12. Company Profiles
12.1. Coty Inc.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Estee Lauder Company
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Johnson & Johnson
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. L’Oreal
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Natura & Co.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Oriflamme
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Procter and Gamble
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Revlon Inc.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Shiseido Company Limited
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. The Avon Company
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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