Skin Lightening Products Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2022

Published on : Oct-2017 | List of Tables : 236 | List of Figures : 78 | No. of Pages : 170 | Report Code : FACT309MR |

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.

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.

As projected by the latest research report published by Fact.MR, the global market for skin lightening products will register an impressive CAGR during the forecast period, 2017 to 2022. Global sales of skin lightening products are estimated to account for over US$ 23,000 Mn by 2022-end.

global skin lightening products market

Market Taxonomy

Region

Nature

Product Type

Sales Channel

North America

Conventional

Creams and Lotions

Modern Trade

Latin America

Organic

Cleansers and Toners

Specialty Store

Europe

 

Face masks

Convenience Store

Japan

 

Scrubs

Online Retailers

APEJ

 

Other Product Type

Drugstores

MEA

   

Other Sales Channel

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

APEJ will be Largest Market for Skin Lightening Products during 2017 to 2022

Traditional association of beauty with light skin tones is a major influencing factor for growth of the skin lightening products in APEJ, particularly in India and China. Changing lifestyles, and rapid urbanization, along with increasing buying power of people have further led APEJ to be the largest market for skin lightening products over the forecast period. In addition, the skin lightening products market is projected to reflect the highest CAGR in APEJ through 2022, followed by Middle East & Africa and North America.

By nature, although conventional skin lightening products will continue to be more preferred among consumers, organic skin lightening products are expected to witness a tremendous expansion in sales through 2022. Harmful side-effects of synthetic ingredients in conventional skin lightening products have led consumers towards adoption of products with sustainably-sourced ingredients, which are ethically harvested without using pesticides. This growing demand for organic skin lightening products has compelled companies to make investments in green chemistry for manufacturing their products, which in turn would result into advancements in product formulations.

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.

On the basis of sales channel, modern trade will account for the largest market revenue share in 2017, and is further estimated to gain an uptick in its market share by 2022-end. Drugstores will also remain lucrative among sales channels for skin lightening products, although projected to expand at a relatively lower CAGR through 2022.

Competition Tracking

Companies profiled in Fact.MR’s report on the global skin lightening products market include L'Oréal S.A., Procter & Gamble Co., Unilever plc, Beiersdorf AG, Estee Lauder Cos., Inc., Avon Products, Inc., Shiseido Company Limited, E.T. Browne Drug Co., Inc., Kao Corporation, Emami Ltd., Dabur India Ltd., and Johnson & Johnson.

NoteThe insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR

The global market for skin lightening products will continue to be influenced by high demand from beauty-conscious consumers, and shifting preferences of consumers towards organic skin lightening products over conventional ones. This report, compiled by Fact.MR, provides in-depth analysis of the global skin lightening products market for the forecast period 2017-2022, and offers key insights about future market direction.

Scope

The scope of Fact.MR’s report is to analyze the global skin lightening products market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Skin lightening products manufacturers, stakeholders, and suppliers in the global consumer goods sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to skin lightening products.

Summary

The report commences with a brief information of the global skin lightening products market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global skin lightening products market.

Overview

The next section offers an overview of the global skin lightening products market. This comprises an introduction to the market, along with a standard definition of the product – skin lightening products. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global skin lightening products market, the report provides updates about market opportunities, which can benefit leading manufacturers of skin lightening products. With continuous evolution of the consumer goods sector, keeping a record of latest developments and trends is fundamental for skin lightening products manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.

Considering the broad scope of the global market for skin lightening products and to provide in-depth insights, Fact.MR’s report offers segment-wise analysis & forecast. The skin lightening products market has been divided on the basis of sales channel, product type, nature, and region. This segmentation analysis offered is comprehensive, along with detailed country-wise forecast provided on all parameters.

The report’s last section comprises of the global Skin lightening products market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global Skin lightening products market.

Research Methodology

Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,

  • Primary research
  • Secondary research
  • Trade research
  • Focused interviews
  • Social media analysis

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Skin Lightening Products Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2022