Global Skin Grooming Market to Reach Nearly US$ 204,000 Mn Revenue by 2022-End

ROCKVILLE, US, 2018-Jun-06 — /EPR Network/ —    Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of Skin Grooming Market. The study is titled as “Skin Grooming Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the Global Skin Grooming Market.

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Skin grooming basically implies utilization of cosmetic as well as medical products for overcoming skin-related problems, such as rashes, and wrinkles. There are a variety of products available in the market promising better health of skin, which include face creams such as skin-brightening, anti-aging, and sun protection creams; and body lotions such as moisturizers.

Substantial demand is being witnessed for body lotions, sunscreens, and face creams, among consumers, with prominent e-commerce websites enabling niche product vendors to tap into the market share. Over the past few years, myriad skin grooming brands have entered into the market, with an aim to lure skin-conscious consumers, with introduction of natural products. In addition, stringent regulations have been imposed by the Environmental Protection Agency (EPA), and the Food and Drug Administration (FDA) of the U.S. pertaining to the shelf-life of skin grooming products. Skin grooming products are also required to adhere to the Soil Association standards concerning clearance for “made with organic”, and “organic” ingredients.

Increasing trend of inclination towards natural products are estimated to pave potential opportunities for growth in demand for active and natural cosmetic ingredients including amino acids, botanical extracts, and enzymes. Leading manufacturers in the global skin grooming market are focusing on robust adoption of online platforms to cater increasing demand from consumers across the globe. These manufacturers are making huge investments in research & development activities, and adopting green technological raw materials for skin care products, promising longer lasting performances, high quality, and sustainability. This further implies prevention of the environment from hazardous material, and provides consumers with highly advanced skin grooming products.

The global skin grooming market is projected to expand at an above-average CAGR during the forecast period (2017-2022), according to a recently published research by Fact.MR. The global skin grooming market is estimated to reach nearly US$ 204,000 Mn in revenues by 2022-end.

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Moisturizers to Remain Sought-after among Products in the Market

Moisturizers will remain sought-after among products in the global skin grooming market. In addition, sales of anti-aging creams and sun protection creams are expected to register similar CAGRs through 2022, anti-aging creams being more lucrative than sun protection creams.

Hypermarket/supermarket is estimated to remain the largest distribution channel for skin grooming products. Sales of skin grooming products in online distribution channel will exhibit a sluggish CAGR through 2022.

Asia Pacific excluding Japan (APEJ) will continue to be dominant in the global skin grooming market, with sales exhibiting a steady expansion through 2022. Europe will remain the second most lucrative region for growth of the market.

Competition Tracking

Key players profiled in the global market for skin grooming include Beiersdorf AG, L’Oréal S.A., Johnson & Johnson Services, Inc., Avon Products, Inc., Kao Corporation, Shiseido Co., Ltd, The Estee Lauder Companies, Inc., Unilever PLC, Colgate-Palmolive Company, and Mary Kay Inc.

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