August 18th, 2022
Skin Lightening Products Market
The Skin Lightening Products Market is anticipated to grow at a significant CAGR during the forecast period (2020-2027).
The factors driving the growth of Skin Lightening Products Market includes growing demand for organic and natural skin care products, rapid expansion of the cosmetic industry, increasing application of plant extracts in the skin products and growing consumers emphasis on improving the physical appearance. According to the report published by Bloomberg, the Cosmetic Products Market is expected to reach over USD 112.68 billion by the end of 2028, while exhibiting a CAGR of 5.5%, over the forecast period, which is expected to boost the Skin Lightening Products Market share in the approaching years. Moreover, the rise in woman’s participation in the labor market, increasing sales of skin care products through e-commerce platforms, technological advancements in the skin lightening products and improvement in the living standards, around the world, are some of the additional factors supplementing the Skin Lightening Products Market size. As per Statista, the personal care retail sales in 2020, in the United States accounted for USD 32 billion through e-commerce platforms, which comprised of 7.4% of the total retail e-commerce sales.
However, the growth of Skin Lightening Products Market is hindered due to availability of less expensive products and Government regulations regarding the manufacturing of skin lightening products.
The major players operating in the market are Kao Corporation, Kanebo Cosmetics Inc., L’Oréal S.A., Shiseido Company Limited, Avon Products Inc., Himalaya Global Holdings Limited, VLCC Health Care Limited, Unilever, Beiersdorf AG, Lotus Herbals Private Limited, The Estée Lauder Companies Inc. and Clarins Group among others.
Product Type: Segment Analysis
Based on product type, the Cream & Lotion skin lightening segment is predicted to grow at a significant CAGR over the forecast period attributed to rising awareness amongst consumers about the benefits of cream and lotion products on the skin.
Nature: Segment Analysis
Based on nature, the natural ingredient segment is expected to hold the largest market share during the forecast period due to its environment friendly properties, minimizes the chances of allergic reactions and avoids harmful chemicals.
Regional: Segment Analysis
Based on region, the Asia-pacific region is anticipated to capture sizeable market share over the forecast period. The growing consciousness on personal grooming, rising disposable income, booming cosmetic industry, increasing demand for chemical-free skincare products and high population growth, are some of the important factors augmenting the market growth in the Asia-Pacific.
Global Skin Lightening Products Market by Product Type
Cream & Lotion
Serum & Toner
Global Skin Lightening Products Market by Nature
Global Skin Lightening Products Market by Gender
Global Skin Lightening Products Market by Distribution Channel
Global Skin Lightening Products Market by Region
Rest of APAC
North AmericaUnited States of America
Rest of Europe
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