Skin Care Products Market is expected to reach USD 155.44 billion by 2021: Transparency Market Research

Increasing beauty consciousness among the consumers across all age groups is one of the major factors driving the demand for skin care products globally.

Albany, United States – July 24, 2015 /MarketersMedia/ —

Transparency Market Research has published a new market report titled – Skin Care Products Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2021. The skin care products market was valued at USD 110.69 billion in 2014 and is projected to reach USD 155.44 billion by 2021, growing at a CAGR of 4.9% from 2015 to 2021.

Increasing usage of organic personal care products and rising demand for anti-aging cosmetic products are driving the growth of overall skin care products market in North America and Europe. In addition, the increasing demand for skin glowing products across mid and low income households is also expected to boost the growth of mass skin care products segment in Asia Pacific. Moreover, growing interest for grooming and increasing demand for skin brightening products is driving the growth of skin care products market across Middle East and Africa. The Latin America skin care products market is driven by increasing demand for sun protection cream and growing interest for skin hydration.

Middle East and Africa (MEA) is the fastest growing market for skin care products globally, growing at a CAGR of 8.6% from 2015 to 2021. South Africa is the fastest growing market for skin care products in MEA and is expected to remain the fastest growing market throughout the forecast period. Increasing consumer awareness coupled with increasing working population are the major factors fueling the demand for skin care products in South Africa.

Browse full Skin Care Products Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2021 report at http://www.transparencymarketresearch.com/medicated-skin-care-products.html

Among different face creams, anti aging cream held the largest market share globally in 2014 followed by skin brightening cream segment. Mass market body care lotion segment held the largest market share during 2014 in body lotions segment.

Asia Pacific held the largest market share in the global skin care products market and is expected to remain the market leader throughout the forecast period. China held the largest market share in Asia Pacific skin care products market followed by Japan.

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The global skin care products market has been segmented as follows:

Global Skin Care Products Market by Product Type
Face cream
Skin brightening cream
Anti-aging cream
Sun protection cream
Body lotion
Mass market body care lotion
Premium body care lotion
Global Skin Care Products Market by Region/ Country

Regions covered under this research study include:

North America
– U.S.
– Rest of North America

Europe
– U.K.
– France
– Germany
– Italy
– Rest of Europe

Asia Pacific
– India
– China
– Japan
– Rest of Asia Pacific

Middle East and Africa (MEA)
– Saudi Arabia
– South Africa
– Rest of Middle East and Africa (MEA)

Latin America
– Brazil
– Argentina
– Rest of Latin America

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Source: http://marketersmedia.com/skin-care-products-market-is-expected-to-reach-usd-155-44-billion-by-2021-transparency-market-research/87580

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