The skincare products market size was valued at US$ 115,386.46 million in 2021 and is projected to reach US$ 213,363.09 million by 2028. It is expected to grow at a CAGR of 9.2% from 2021 to 2028.

According to our latest market study, titled " Skincare Products Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type (Creams and Lotions, Cleansers, Serums, and Others), Category (Organic and Conventional), End-User (Men, Women, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others),"

These products are used regularly by both men and women for various purposes, such as moisturizing, hydrating, and cleansing. Organic and herbal skincare products have been popular in recent years. This is because people are aware of the harmful effects of synthetic chemicals on the skin. Ingredients originating from natural sources, such as leaf extracts and root extracts, are safe for the skin because they have no harmful effects.

Key players operating in the global skincare products market include L'Oréal Groupe; Beiersdorf; Shiseido CO., LTD.; Procter and Gamble; Unilever; Himalaya Wellness Company; Lotus Herbals; VLCC Wellness; Avon Products; and Johnson and Johnson Services, Inc.

Skincare is an essential part of personal care. It includes everything, from correction to prevention, in the process of skincare. Makeup with skincare benefits has been prevailing in the market. Skin sensitivity and awareness about the deleterious effects of chemicals and synthetic products are fueling the growth of the organic skincare product market. A majority of the consumer base tends to buy products with the terms natural or organic associated with them. The organic skin care products market is quite dynamic in nature and has been increasing at a fast pace. Market players are consistently exploring ways to deliver innovation with new functionalities and features. For instance, in December 2020, Forrest Essential launched its natural makeup and skincare product line, which is enriched with potent natural and organic ingredients and special serum formula enhancing both lips & eyes. In January 2022,

Based on product type, the skincare products market is segmented into creams and lotions, cleansers, serums, and others. Based on category, the market is segmented into organic and conventional. In terms of end-user, the market is segmented into men, women, and others. Based on distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. Based on geography, the skincare products market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM).

Many sectors faced unprecedented challenges due to the COVID-19 outbreak. The consumer goods industries also suffered from severe disruption due to lockdowns, travel bans, border restrictions, the shutdown of manufacturing units, among other factors. However, the COVID-19 pandemic had a mixed impact on the skincare products market. Moreover, the sales of the products through online outlets escalated during the pandemic. However, due to the shortage of raw materials and laborers, a production shortfall created a demand and supply gap. The manufacturers are overcoming the demand and supply gap as they can now operate fully. Moreover, the majority of the countries are vaccinated, which is a positive sign for the global marketplace. These factors are expected to drive the skincare products market over the forecast period. Thus, the skincare products market witnessed a mixed impact of the COVID-19 pandemic.

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