AUSTRALIA SKINCARE PRODUCTS MARKET ANALYSIS

Australia Skincare Products Market, By Product Type (Face Care ( Cleansers, Masks, Exfoliators/Scrubs, Oils/Serums, Moisturizers, Other Products), Lip Care, Body Care (Body Lotions, Body Wash, Hand and Foot Care)), By Category (Premium/Prestige Skincare Products, Mass Skincare Products), By Distribution Channel (Specialist Retail Stores, Hypermarkets/Supermarkets, Convenience Stores/ Departmental Stores, Online Retail Stores, Other Distribution Channels)

Published In : Oct 2023
Code : CMI5079
Pages :116
Formats :
Excel and PDF
Industry : Consumer Goods

Australia Skincare Products MarketSize and Trends

Australia skincare products market is projected to reach around US$ 3,215.0 Million by 2030, exhibiting a CAGR of 4.7% during the forecast period (2023-2030).

Australia Skincare Products Market: Trends

Consumer awareness regarding the skin health: Growing popularity of cannabinoids and skin health will favor the market growth. An endocannabinoid system could be an important contributor to healthy skin by affecting skin metabolism and inflammation. For instance, The Skin Cancer Prevention and Early Detection initiative, led by the Centers for Disease Control and Prevention (CDC) and the National Cancer Institute (NCI), aims to increase awareness of skin cancer and promote sun-safe behaviors.

Rise in demand for blue-light protection skincare products: Blue-light protection skin care is emerging as a major trend in the market. Research studies show how blue light from electronic devices can lead to changes in skin cells, including cell shrinkage and death. These speed up the aging process. Even exposures as short as 60 minutes can trigger these changes. Thus, with increasing consumer awareness, the demand for skincare products that provide protection from blue light is propelling the market growth, primarily in developed and developing countries.