NEW YORK, Jan. 27, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global cosmetic skin care market size is estimated to grow by USD 101.9 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 9.5% during the forecast period. Growing population in age group of 30-50 years is driving market growth, with a trend towards growing preference for organic cosmetics and cosmeceuticals. However, high cost of cosmetic skin care products poses a challenge. Key market players include Amorepacific Corp., Beiersdorf AG, Chanel Ltd., Clamar Cosmetics, Colgate Palmolive Co., Gayatri Herbals Pvt. Ltd., Groupe Clarins, Hindustan Unilever ltd, Kanebo Cosmetics Inc., Kenvue Brands LLC, LOreal SA, LVMH Moet Hennessy Louis Vuitton SE, Natura and Co Holding SA, Nutriglow Cosmetics Pvt. Ltd., Oriflame Cosmetics S.A., Revlon Inc., Shiseido Co. Ltd., The Body Shop International Ltd., The Estee Lauder Co. Inc., and The Procter and Gamble Co..
Technavio has announced its latest market research report titled Global Cosmetic Skin Care Market 2025-2029
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Cosmetic Skin Care Market Scope
Report Coverage
Details
Base year
2024
Historic period
2019 – 2023
Forecast period
2025-2029
Growth momentum & CAGR
Accelerate at a CAGR of 9.5%
Market growth 2025-2029
USD 101.9 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
8.5
Regional analysis
APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution
APAC at 52%
Key countries
US, China, Japan, India, Germany, UK, France, Canada, Brazil, and UAE
Key companies profiled
Amorepacific Corp., Beiersdorf AG, Chanel Ltd., Clamar Cosmetics, Colgate Palmolive Co., Gayatri Herbals Pvt. Ltd., Groupe Clarins, Hindustan Unilever ltd, Kanebo Cosmetics Inc., Kenvue Brands LLC, LOreal SA, LVMH Moet Hennessy Louis Vuitton SE, Natura and Co Holding SA, Nutriglow Cosmetics Pvt. Ltd., Oriflame Cosmetics S.A., Revlon Inc., Shiseido Co. Ltd., The Body Shop International Ltd., The Estee Lauder Co. Inc.,and The Procter and Gamble Co.
Market Driver
The cosmetic skin care market is experiencing significant trends, with acne and black spots being top concerns for consumers. Companies like Avon and Unilever are responding with affordable skincare solutions. Beauty retail stores and cosmetic stores are stocking innovative products, such as anti-aging serums, sunscreens, and skin brightening creams. Self-caring products, including face masks and toners, are also popular. Environmental conditions, including pollution and UV rays, are harming skin, leading to a demand for anti-pollution serums and sunscreen lotions. Consumers are seeking natural and organic ingredients, with labels like Vegan and Organic becoming increasingly important. Rising population and urbanization are driving the market, with propensity for self-care and radiance. Innovative products, such as hydrating hyaluronic acid creams and exfoliating scrubs, are shielding skin from the effects of harsh environmental conditions. Brands like Biologi and Natura are using raw material supplies from deserts and wild-harvested extracts to create natural, bounce-back skincare. Advertising activities are focusing on the importance of protecting skin from blue light and tanning. Sensitivity, skin issues, and skin rashes are also addressed through gentle cleansing and moisturizing creams. Eye creams, powders, and sheet masks are part of the extensive range of treatments available at beauty salons and shopping malls. Overall, the cosmetic skin care market is adapting to consumer needs, offering a wide variety of affordable, natural, and effective self-caring products.
Consumers are moving towards organic and chemical-free cosmetics and cosmeceuticals due to growing concerns about toxic compounds in traditional cosmetics. These products, which do not contain harsh chemicals or biologically active compounds with potential health risks, are gaining favor. Parabens and phthalates, commonly used in chemical cosmetics, have been linked to cancer and Type II diabetes. In response, manufacturers are turning to natural raw materials like neem extracts, soybean, fish oil, aloe vera, and guar gum for creating organic skin care products. This shift reflects the increasing demand for safer, healthier skin care solutions.
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Market Challenges
The cosmetic skin care market faces various challenges, including the prevalence of skin issues such as acne, black spots, and scars. Brands like Avon and Unilever compete with cosmetic stores and beauty retailers to offer consumers affordable skincare products. Environmental conditions, including pollution and harmful UV rays, require innovative solutions like anti-pollution serums and sunscreens. Raw material supplies, especially for vegan ingredients and natural or organic labeling, can be a concern. Advertising activities and rising consumer propensity for self-caring products drive demand for innovative, hydrating face creams, toners, and serums. Sensitivity to chemicals and synthetic products necessitates the development of natural and organic alternatives. Skin nourishment and radiance are key concerns, with treatments ranging from cleansing and exfoliating to hydrating body lotions, face masks, and eye creams. Brands like Biologi and Natura offer bounce and shield against the harmful effects of urban living, blue light, and desert or water conditions. Consumers seek skin protection and improvement, with a smiling impression being a top priority.
Cosmetic skin care products, including anti-aging creams and serums, carry a premium price due to the use of expensive ingredients and high production costs. Ingredients like diamonds, gold, caviar extract, saffron, rose, jasmine essential oils, and arginine are priced high in the market. Additionally, packaging and advertising expenses add to the final cost. Companies invest in research and development to create advanced, efficient, and safe skin care solutions using antioxidants, peptides, and retinol. These expensive ingredients help combat fine lines and wrinkles, making the products worth the investment for consumers.
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Segment Overview
This cosmetic skin care market report extensively covers market segmentation by
Product
Distribution Channel
Geography
1.1 Face skincare products- The face skincare segment dominated the cosmetic skin care market in 2024, accounting for a significant market share. This segment includes topical creams, lotions, toners, exfoliators, and serums for the face, primarily used for anti-aging, skin-whitening, and sun protection. Additionally, these products moisturize, hydrate, and provide a smooth, blemish-free appearance. The older population’s increase and technological advancements in manufacturing contribute to the segment’s growth. Vendors, such as ASC Regenity Ltd. Under the Augustinus Bader brand, offer premium face skincare products like The Rich Cream, enriched with argan oil, avocado, and primrose oil, free from parabens and chemicals. Product premiumization drives demand among fashion-conscious consumers and high-profile makeup artists. The growing importance of cosmetic skin care as a crucial part of personal skin care regimens will fuel the global cosmetic skin care market’s expansion during the forecast period.
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Research Analysis
The cosmetic skin care market is thriving, with an increasing focus on self-care and personal well-being. Consumers are seeking out a variety of products to maintain skin health and enhance radiance, including creams, lotions, and powders. Urban areas are seeing in demand for these self-caring products, with beauty retail stores and cosmetic businesses responding by stocking innovative offerings. Raw material suppliers are also playing a crucial role in the industry, providing high-quality ingredients for the production of face creams, sunscreens, body lotions, and more. Acne-prone customers are turning to targeted treatments, while others seek out sheet masks, Smile Performer, and other nourishing formulas for bounce and radiance. Advertising activities and the introduction of new, innovative products continue to drive growth in the market.
Market Research Overview
The cosmetic skin care market is a thriving industry that caters to consumers seeking to enhance their skin’s health and radiance. From face creams and toners to body lotions and sunscreens, the market offers a wide range of self-caring products designed to address various skin issues such as acne, black spots, scars, sensitivity, and aging. The use of vegan ingredients and organic labeling is becoming increasingly popular, as consumers become more conscious of the environmental impact of plastic pollution and the harmful effects of chemicals. Innovative products like anti-pollution serums, hyaluronic acid creams, and Vitamin C serums are gaining popularity due to their hydrating properties and skin brightening abilities. Rapid urbanization and rising population in urban areas contribute to the market’s growth, with consumers seeking affordable skincare solutions at beauty retail stores, cosmetic stores, shopping malls, and even online. Advertising activities and innovative treatments, such as face masks and sheet masks, continue to drive consumer propensity towards skin nourishment and protection from environmental conditions, UV rays, and blue light. Companies are also focusing on developing innovative, natural, and organic products to cater to the growing demand for self-care and wellness.
7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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