- Press Release -

Recent trends portray a significant increase in number of customers opting for natural and organic skincare products, attributed to the shift towards healthy lifestyle along with rising awareness about the ill-effects of synthetic and chemical products.

Additionally, people with sensitive skin are paying more attention towards the use of certain chemicals in these products, which has eventually augmented growth of organic skincare products, in turn driving demand for organic skin lightening products.

Moreover, paraben-free product sales have surged in recent years. For instance, over the years, paraben-containing cosmetic product sales are down by nearly 7 points owing to the visible side-effects of chemicals.

As per the revised report published by Fact.MR, the skin lightening products market is anticipated to expand at a CAGR of around 7.5% over the next ten years.

Key Takeaways from Market Study

• Based on product, creams and lotions capture major market share.
• Online sales channel has shown significant growth in terms of revenue, with major market players now prioritizing e-Commerce platforms for the sale of their products.
• Europe is set to dominate the market in terms of production in 2021 and also through 2031.
• The market in China is expected to rise at a high single-digit CAGR through 2031.
• Due to the COVID-19 crisis, demand for skin lightening products was hit in 2020, which saw a decline. But with the growth of online sales channels, demand is expected to bounce back.

“High R&D spending coupled with product innovation will aid market growth over the coming years,”

Winning Strategy

Manufacturing companies are opting for more sustainable processes keeping in mind the needs of present consumers. Additionally, market players are investing heavily in R&D and innovative solutions to come up with more efficient cosmetic products.

More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the global skin lightening products market, presenting historical demand data (2016-2020) and forecast statistics between 2021 and 2031. The study divulges essential insights on the market based on the nature (conventional and organic), product (creams and lotions, cleansers and toners, face masks, scrubs, and other product type) and sales channel (specialty stores, convenience stores, online retailers, and other sales channels), across major regions of the world (North America, Latin America, Europe, Japan, APEJ, and MEA).

About the Retail & Consumer Goods Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Retail & Consumer Goods team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the Retail industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

For more information, refer to our market research report or contact the PR author.

Yash Pathak

Fact.MR

Sr. Consultant - Retail & Consumer Goods

E-mail: yash@factmr.com