The report talks about the shift in demands and emerging trends that are expected to drive the growth of the Skin Lightening market. The rising demand for the Skin Lightening market is expected to drive the demand for Skin Lightening market, thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.
The global skin lightening market size was USD 9.98 Billion in 2021 and is expected to register a revenue CAGR of 5.6% over the forecast period, according to the latest analysis by Emergen Research. Growing popularity of self-care skin products among consumers and increasing demand for organic skin lighteners are factors driving revenue growth of the market.
Companies are manufacturing skin-lightening products that can give consumers more attractive, immaculate skin. Additionally, increasing awareness about harmful chemicals in this product has led companies to manufacture alcohol and chemical-free creams and face wash with 100% herbal concentrates, which brightens and brings radiance to skin. Organic products, such as lemon, pineapple, papaya, and tomato, are used in these products to make skin smooth. Similarly, some products use saffron (Kesar) as a raw material, which makes skin appear fairer. These initiatives are expected to increase sales of organic skin lightening products and hence drive revenue growth of the market.
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As well as new entrants in the Skin Lightening market. It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others.
Some major companies in the market report include L’Oréal S.A., Beiersdorf AG, Shiseido Co., Ltd., Procter & Gamble, Unilever, Himalaya Global Holdings Ltd., Kanebo Cosmetics Inc., Lotus Herbals Pvt. Ltd., VLCC Health Care Limited, and The Avon Company.
One of the report’s central components is the broad Skin Lightening market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report.
- The creams segment revenue is expected to account for largest share over the forecast period. Skin lightening creams can be easily applied and are available in retail stores. Skin lightening creams can be used every day, which reduces pigmentation of skin and maintains a clear skin tone. This has led to growing demand and increase in sales of creams.
- The organic segment is expected to grow at a rapid rate over the forecast period, which can be attributed to increasing knowledge of skin-harming effects of synthetic products as well as growing knowledge of benefits of organic products
- The female segment is expected to account for largest revenue share over the forecast period. Skin-color-based discrimination on a professional and personal level is contributing rapidly to growth of the market for branded skin-lightening products significantly. Social prejudice towards people with darker skin colors exists in places, such as India, which has increased female demand for skincare products.
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Emergen Research has segmented the global skin lightening based on product, nature, end user, and region:
· Product Outlook (Revenue, USD Billion, 2019–2030)
- Face masks
· Nature Outlook (Revenue, USD Billion, 2019–2030)
· End User Outlook (Revenue, USD Billion, 2019–2030)
Regional Outlook of the Skin Lightening Market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Radical Features of the Skin Lightening Market Report:
- The report encompasses Skin Lightening market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Skin Lightening industry
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