Skin Care Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2021

The skin care products market is vast and continuously growing. Baby boomers are the primary drivers for the sale of organic personal care products and anti-aging products and services. Worldwide, consumers spend more than US$120 billion every year on skin care and personal care products. This figure is rapidly growing due to the increasing usage of organic personal care products and demand for anti-aging cosmetic products across mid- and low-income households across the world.

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According to detailed analysis from Transparency Market Research, the global skin care products market was valued at US$110.69 billion in 2014 and is anticipated to reach US$155.44 billion by the end of 2021. While anti-aging skin care products demonstrate the strongest growth potential in the global market, personalized skin care products are also expected to report further gains in the coming years.

Market for Personalized Skin Care Products Continues to Show Strong Growth Potential

Personal skin care products prepared in the laboratory to ideally match customer preferences are predicted to become a major trend in the skin care products market. The market potential for personalized skin care products is high in Europe and North America, especially in the U.K. and the U.S. Regions such as Europe offer their consumers the choice of in-store consultancies to help them detect their skin type and match skin problems with appropriate skin care products.

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Preparing skin care products in compliance with consumers’ taste and preference certainly takes time. The demand for personalized skin care products is tremendously high among consumers worldwide, and they are even willing to wait for a long time to receive their personalized skin...