Retail
The global skin care products market size reached US$ 159.7 Billion in 2023. As per the analysis by IMARC Group, the top skin care products companies focus on providing better customer service. The growth of the skincare products market is mainly driven by rising consumer awareness about the importance of skincare, inflating disposable incomes, and increasing the spending power of consumers. This has increased demand for skincare products, creating more opportunities for market players to expand their product portfolios and reach new customers. The skincare products market is also experiencing growth from the rise in demand for natural and organic skincare products and the escalating popularity of skincare products by celebrities. This has led to developing new product formulations and delivery systems, providing market players with opportunities to innovate and differentiate themselves from competitors. Furthermore, the growing demand for anti-aging products, sun protection products, and personalized skincare products is offering numerous opportunities for the market. Market players are leveraging this trend by developing new products that cater to specific customer needs, such as anti-aging creams, serums, lotions, and personalized skincare solutions tailored to individual skin types. The expansion of e-commerce and online retail platforms is also offering lucrative opportunities for the market players as it provides them with new channels to reach customers and expand their customer base. This has resulted in new business models, such as direct-to-consumer (DTC) brands, disrupting traditional retail channels and offering consumers more choice and convenience. The growth of the skincare products market is providing market players with significant opportunities to expand their businesses, innovate and differentiate themselves from competitors, and reach new customers through various channels. As the demand for skincare products continues to grow, market players are well-positioned to benefit from this trend and capitalize on the growing market opportunity. On account of these factors, the market is expected to reach US$ 230.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4% during 2024-2032.
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The global skin care products market has several major players, including Johnson & Johnson Services, Inc., The Estée Lauder Companies., Unilever PLC/NV, New Avon Company, L’OREAL S.A., Kao Group, Colgate-Palmolive Company, Shiseido Co., Ltd., Beiersdorf AG, The Procter & Gamble Company, and Revlon Consumer Products Corporation. More information about these companies has been provided below.
Establishment: |
1886 |
Headquarters: |
New Jersey, USA |
Website: |
https://www.jnj.in/ |
Johnson & Johnson (J&J) is a multinational company that develops medical devices, pharmaceuticals, and consumer packaged goods. The company deals with self-care, skin health and beauty, and essential health products. It offers a range of skincare products under various brands, including Neutrogena, Aveeno, and Clean & Clear. Its main focus is science-based skincare, natural ingredients, and targeted products for different age groups and skin types. Additionally, the company develops and sells prescription drugs for a variety of therapeutic areas, such as oncology, immunology, and neuroscience. It has a long history of corporate social responsibility and has been recognized for its efforts in sustainability, ethical business practices, and community engagement. The company has also been involved in numerous philanthropic initiatives, including supporting healthcare programs in underserved communities, disaster relief efforts, and promoting STEM education.
Establishment: |
1946 |
Headquarters: |
New York, USA |
Website: |
https://www.elcompanies.com/en |
The Estée Lauder Companies Inc. is a multinational cosmetics company that produces and markets makeup, skincare, fragrance, and hair care products. The company is an international leader in prestige beauty, satisfying consumers with transformative products and experiences. It owns a diverse portfolio of brands, including MAC, Bobbi Brown, La Mer, Aveda, Jo Malone London, Clinique, and Tom Ford Beauty. These brands are distributed internationally through both digital commerce and retail channels. The Estée Lauder Companies operates in several markets, including the Americas, Europe, the Middle East, Africa, and Asia Pacific.
Establishment: |
1930 |
Headquarters: |
London, United Kingdom |
Website: |
https://www.unilever.com/ |
Unilever is a British-Dutch global company that deals with consumer goods. Its products include food, condiments, baby food, soft drink, ice cream, instant coffee, cleaning agents, bottled water, energy drink, toothpaste, pet food, pharmaceutical and consumer healthcare products, tea, breakfast cereals, beauty items, and personal care. It also operates several largest brands include Lifebuoy, Sunsilk, Knorr, Lux, Sunlight, Rexona/Degree, Axe/Lynx, Dove, Ben & Jerry's, Omo/Persil, Heartbrand ice creams, Hellmann's, and Magnum. The company is organized into three divisions, namely home care, foods and refreshments, and beauty and personal care. The company has established its research and development (R&D) facilities in China, India, the Netherlands, the UK, and the United States.
Establishment: |
1886 |
Headquarters: |
London, United Kingdom |
Website: |
https://www.avon.com/ |
New Avon Company is a global cosmetics, skincare, fragrance, and personal care company in London. It is the second-largest direct-selling company in the world and the fourteenth-largest beauty company. It deals with cosmetics, perfume, skincare, fragrance, and personal care products. It has unveiled multiple new brands, cross-brand partnerships, and product offerings into the portfolio that harness top innovation, science, and technology. Its mission is to empower women through economic opportunity and entrepreneurship. The company also engaged in numerous CSR activities, such as financial literacy training, mentorship, and access to entrepreneurship opportunities, which aim to support women's economic empowerment around the world.
Establishment: |
1909 |
Headquarters: |
Clichy, France |
Website: |
https://www.loreal.com/en/ |
L'Oréal S.A. is a personal care company has developed products in the field, concentrating on hair color, skincare, sun protection, makeup, perfume, and hair care. It markets numerous individual products in all Beauty sector, including hair color, permanents, hair styling, body and skin care, cleansers, makeup, and fragrance. Its products are in various distribution channels, from hair salons and perfumeries to supermarkets, beauty outlets, pharmacies, and direct mail. It is committed to ensuring the safety of its products and conducts extensive safety testing on all of its products and has implemented rigorous quality control processes to ensure that its products meet the highest safety standards.
Establishment: |
1887 |
Headquarters: |
Tokyo, Japan |
Website: |
https://www.kao.com/global/en/ |
Kao Group is a chemical and cosmetics company that offers a wide range of personal care, beauty care, home care, and healthcare products. Some well-known brands under Kao are Bioré, Curel, Jergens, John Frieda, Kanebo, Molton Brown, Asience, Liese, Merries, Sofina, Est, Attack, Magiclean, Wakodo, etc. The company's mission is to enrich lives worldwide, based on its corporate philosophy of the kao way. This philosophy emphasizes the importance of customer satisfaction, teamwork, innovation, and social responsibility. The company has established partnerships with suppliers that adhere to its sustainability standards and has implemented programs to ensure that the raw materials used in its products are sourced responsibly.
Establishment: |
1806 |
Headquarters: |
New York, United States |
Website: |
https://www.colgatepalmolive.com/en-us |
Colgate-Palmolive Company is a multinational consumer products company specializing in producing, distributing, and providing household, health care, personal care, and veterinary products. It markets a diversified mix of products in the USA and other countries. It's major product areas include household and personal care products, food products, health care and industrial supplies, and sports and leisure equipment. It was founded as a soap and candle company and has since grown into a global brand with operations across numerous countries. Some well-known brands under Colgate-Palmolive are Colgate, Elmex, Tom's of Maine, Sorriso, Meridol, Palmolive, Sanex, Softsoap, Lady Speed Stick and Irish Spring.
Establishment: |
1872 |
Headquarters: |
Tokyo, Japan |
Website: |
https://corp.shiseido.com/en/ |
Shiseido Company, Limited is a multinational cosmetic company, whose product categories are skincare, makeup, body care, hair care, and fragrances. It is the fifth-largest cosmetic company in the world and the largest cosmetic firm in Japan. It owns numerous brands and subsidiaries worldwide and its founding label. In Japan, the company is available at cosmetic counters, department stores, and most pharmacies. It has a strong commitment to promoting diversity and inclusion in its workforce. The company has implemented several initiatives to create a more inclusive workplace, including a program to promote gender equality and a diversity and inclusion committee.
Establishment: |
1882 |
Headquarters: |
Hamburg, Germany |
Website: |
http://www.beiersdorf.com/ |
Beiersdorf AG is a multinational company that manufactures, retails personal-care products and pressure-sensitive adhesives. Its brands are Elastoplast, Eucerin (makers of Aquaphor), Labello, La Prairie, Nivea, Tesa S.E. (Tesa tape), and Coppertone. It is organized into two separate business segments: consumer business and Tesa. The consumer business segment focuses on skincare, while the Tesa business on self-adhesive products. It has a strong focus on sustainability, with a commitment to reducing its carbon footprint, increasing the use of renewable energy, and minimizing waste. The company has also set a goal to use only sustainably sourced palm oil in its products.
Establishment: |
1837 |
Headquarters: |
Ohio, USA |
Website: |
https://in.pg.com/ |
The Procter & Gamble Company (P&G) is a multinational consumer goods corporation that produces a wide range of personal health and consumer health, personal care, and hygiene products. These products are organized into several segments, including beauty; grooming; health care; fabric and home care; and baby, feminine, and family care. P&G's well-known brands include Tide, Crest, Pampers, Gillette, Olay, Head & Shoulders, and Pantene. The company's products are sold in various retail channels, including grocery stores, pharmacies, and online. The company is also known for its commitment to sustainability. It has set ambitious goals to decrease its environmental footprint and improve the social and economic well-being of the communities it serves.
Establishment: |
1932 |
Headquarters: |
New York, USA |
Website: |
http://www.revlon.com/ |
Revlon, Inc. is a multinational corporation in cosmetics, skincare, fragrance, and personal care. Its products are sold across several countries, and the company has many locations worldwide, including Mexico City, London, Paris, Hong Kong, Indonesia, Sydney, Singapore, and Tokyo. Revlon is known for its high-quality products, and its makeup line is especially popular among consumers. The brand's most popular makeup products include Revlon ColorStay Foundation, Super Lustrous Lipstick, and ColorStay Liquid Eye Liner. In addition, Revlon offers a wide range of skincare products, such as anti-aging creams, moisturizers, and facial cleansers. The company has also been involved in various philanthropic efforts, including supporting breast cancer research and assisting women and children in need.
About Author:
Shree Basu Shree Basu is an experienced content writer with a passion for researching about diverse markets, ranging from technology to chemistry to agriculture. She has around two years of experience in different aspects of market research and has worked with multiple startups and enterprises in the B2B, B2C, and retail industries. In her free time, Shree enjoys reading, feeding stray animals, and watching crime documentaries. |
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