Creams & Lotions to Remain Highly Sought-after among Products in Global Skin Lightening Products Market

Posted on 2019-05-28 by Mark Hub in Retail // 0 Comments

Rockville, USA, 2019-May-28 — /EPR Network/ — A recent research report by Fact.MR has projected the global skin lightening products market to represent an impressive expansion over the forecast period (2017-2022). The global market for skin lightening products is estimated to exceed US$ 20,000 Mn in revenues by 2022-end.

Skin lightening products, also called bleaching creams or fading creams, reduce a pigment in the skin called melanin. This helps people to treat their skin problems such as acne scars, age spots, freckles, or discoloration associated with hormones. Skin lightening products are available in the market in various forms such as scrubs, face masks, cleansers, toners, creams, and lotions.

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Demand for Skin Lightening Products with UV Absorbers Gaining Higher Popularity

Growing desire for flawless and radiant skin has always been pushing individuals towards adoption of skin lightening products. Although skin lightening products hinted at facial care initially, the trend has witnessed transformation with companies providing products for complete skin care. Demand for skin lightening products, which were limited to women in the past, is now witnessing a significant rise from men as well, particularly in countries of Asia-Pacific excluding Japan (APEJ) where fair skin is related to beauty, prosperity and youth.

An upcoming trend gaining immense popularity in the global skin lightening products market is inclusion of UV absorbers in the formulations of skin lightening. Demand for these products is especially high in tropical regions where intensity of UV rays is high and effects are more harmful. Vendors are opting for organic as well as inorganic ingredients such as avobenzone, titanium oxide, and zinc oxide as UV absorbers that prevent the skin from darkening.

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Key Research Findings from Fact.MR’s Report on Skin Lightening Products Market

In terms of revenues, the skin lightening products market will remain the most-lucrative in Asia-Pacific excluding Japan (APEJ), followed by North America and Europe. The market in North America and Latin America will ride on similar CAGRs through 2022. In addition, the skin lightening products market will witness the fastest expansion in APEJ, followed by Middle East & Africa (MEA) and Japan.
Based on sales channel, modern trade will continue to be the most-lucrative, with sales poised to surpass US$ 7,000 Mn in revenues by 2022-end. Between drugstores and online retailers, the former will account for a relatively larger market revenue share, whereas the latter will witness a comparatively faster expansion in sales through 2022

Creams & Lotions to Remain Highly Sought-after among Products in Global Skin Lightening Products Market

Creams & lotions are expected to remain highly sought-after among products, with sales projected to account for nearly half revenue share of the market during the forecast period. Sales of face masks will exhibit the highest CAGR in the market, to surpass revenues worth US$ 2,500 Mn by 2022-end. Scrubs are anticipated to be the least lucrative product in the global skin lightening products market during 2017 to 2022.

Key companies included in Fact.MR’s report, who are actively contributing to expansion of the global market for skin lightening products, include Johnson & Johnson, Dabur India Ltd., Emami Ltd., Kao Corporation, E.T. Browne Drug Co., Inc., Shiseido Company Limited, Avon Products, Inc., Estee Lauder Cos., Inc., Beiersdorf AG, Unilever plc, Procter & Gamble Co., and L’Oréal S.A.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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