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Benefits of Cosmetic Skin Care Products Result in Healthy Market Growth

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According to Transparency Market Research, the global cosmetic skin care market is expected to be worth US$200 bn by 2024 as compared to US$127.1 bn in 2015. The market is expected to be driven by growing demand for cosmetics are consumers are titling towards enhancing their looks with skin care products. This very premise is expected to expand the global market at a CAGR of 5.1% during the forecast period of 2016 and 2024. The global cosmetic skin care market offers products for anti-aging, skin whitening, sensitive skin, anti-acne, dry skin, infant skin, warts removal, mole removal, anti-scars, and multi-utility products. While anti-aging creams are in great demand in regions of Europe and North America, the demand for skin whitening products has been escalating in countries of Asia Pacific. 

Browse the full Global Cosmetic Skin Care Market Report:

Asia Pacific Emerges as a Leading Segment with Above Average Share

In terms of regions, the global market is segmented into North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. The research indicates that Asia Pacific will lead the global market in the coming years due to a huge population base with a rising disposable income. It is anticipated that Asia Pacific will account for a share of 40.0% by the end of 2024 in the global cosmetic skin care market. The rising uptake of skin care products and demand for various other products in the developing countries of India and China are anticipated to keep the sentiment of the cosmetic skin care market in Asia Pacific upbeat. 

Anti-aging Products Help Drive Global Growth

The cosmetic skin care products are applied for stem cells protection against UV, rehydration of the skin’s surface, minimizing wrinkles, and increasing the viscosity of aqueous. Of these, cosmetic skin care products to minimize wrinkles will be predominantly used as these products promise reversing signs of aging on the skin. The possibility of looking younger and restoring the skin with radiance and glow are expected to boost the demand for anti-aging creams and other related products in the coming few years. Furthermore, the products for stem cells protection against UV are also expected to pick up pace in terms of consumption due to growing awareness amongst consumers about harmful effects of ultraviolet rays on the skin. 

Browse the full Press Release of Global Cosmetic Skin Care Market at :

Focus on Environment-friendly Products to be Attractive Product Category

Some of the leading players operating in the global cosmetic skin care market are The Body Shop International PLC., Kao Corporation, L’Oreal S.A., Unilever PLC, Beiersdorf AG, Procter & Gamble, Avon Products Inc., Johnson & Johnson, and The Estee Lauder Companies Inc. The majority of these companies are focusing on developing products that are safe for the skin and for the environment. The increasing awareness about testing of cosmetic skin care products on animals and the harmful effects of the same suffered by them in order to make the products safer for human use, has rendered the companies to approach development of products in novel ways. Thus, several companies are exploring options of using organic ingredients to make cosmetic skin care products, which is also appealing to the environmentally-conscious consumers.