SKIN MOISTURIZERS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
The global skin moisturizers market is estimated to be valued at USD 15.66 Bn in 2024 and is expected to reach USD 22.23 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031. Rising environmental factors, such as increasing pollution levels and fluctuating weather conditions, have resulted in dry, dull, and aged skin among people. This has significantly boosted the demand for skin moisturizers globally. Moreover, growing awareness about the importance of daily skin care routines along with increasing disposable incomes have further propelled the sales of various skin moisturizing creams, lotions, and gels. Various players in the industry are launching innovative products infused with natural and herbal ingredients to cater to the evolving consumer preferences. However, factors such as availability of counterfeit products may hamper the market growth to some extent during the forecast period.
Market Dynamics:
Rising environmental pollution levels across both developed and developing countries have emerged as a key driver for the global skin moisturizers market. Increasing air pollution, longer sun exposure, and fluctuating temperatures are leading to dryness, scaling, and early skin aging. This has raised the need for intensive moisturizing on a daily basis. Moreover, growing working women population, improving living standards, and rising health and beauty consciousness among consumers have augmented the demand for various skin moisturizing creams significantly. However, availability of low quality counterfeit products in the market may hamper the sales of established brands to some extent during the coming years. Introduction of natural and organic product variants by industry players are expected to create new opportunities for market expansion.
Key Features of the Study:
- This report provides in-depth analysis of the global skin moisturizers market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global skin moisturizers market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include L'Oréal S.A., Estée Lauder Companies Inc., Procter & Gamble Co., Unilever PLC, Johnson & Johnson, Coty Inc., Beiersdorf AG, Shiseido Company, Limited, Colgate-Palmolive Company, Neutrogena (Johnson & Johnson), Amway Corporation, Mary Kay Inc., Revlon Inc., Avon Products, Inc., and Oriflame Holding AG
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global skin moisturizers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global skin moisturizers market
Market Segmentation
Table of Contents
*Browse 32 market data tables and 28 figures on 'Skin Moisturizers Market' - Global forecast to 2031
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