Skin Care Stores Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
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LONDON, GREATER LONDON, UK, August 13, 2024 /EINPresswire.com/ -- The skin care stores market has experienced robust growth in recent years, expanding from $58.97 billion in 2023 to $65.42 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to beauty and wellness trends, increased awareness of skin health, celebrity-endorsed brands, rising disposable income, innovations in ingredient formulations..
Strong Future Growth Anticipated The skin care stores market is projected to continue its strong growth, reaching $95.65 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to shift towards clean and sustainable beauty, e-commerce and online retailing integration, personalized and customized skincare solutions, inclusive beauty and diversity representation, health and wellness integration.
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Growth Driver Of The Skin Care Stores MarketThe growing awareness of personal hygiene and regular grooming is expected to propel the growth of the skin care store market going forward. Personal hygiene refers to regularly washing parts of the body and hair with soap and water to prevent any diseases, whereas regular grooming refers to scrubbing, blow drying, and brushing which helps to maintain a healthy lifestyle. People are preferring to use skin care products as it helps to improve the skin texture and enhances the overall appearance and maintain personal hygiene. Hence, the growing awareness of personal hygiene and regular grooming will increase the demand for skin care stores.
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Major Players And Market TrendsKey players in the skin care stores market include L'Oréal SA, Unilever PLC, The Estée Lauder Companies Inc., Shiseido Co. Ltd., Revlon Inc., Procter & Gamble Co., Coty Inc.Major companies in the skin care stores market are focused on developing innovative stores that provide services, such as hyper-personalized services, to elevate the beauty retail experience and gain a competitive edge in the market. Hyper-personalized services refer to customized and individualized experiences, often leveraging advanced technologies and data analytics, to meet the specific and unique needs of each customer.
Segments:1) By Product Type: Facial Care, Lip Care, Body Care2) By Packaging Type: Tubes, Jars, Bottles3) By Category: Premium Skin Care Products, Mass Skin Care Products4) By Gender: Female, Male5) By Distribution Channels: Supermarkets and hypermarkets, Convenience stores, Pharmacy, Online Stores
Geographical Insights: Asia-Pacific Leading The MarketAsia-Pacific was the largest region in the skin care stores market in 2023. The regions covered in the skin care stores Market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Skin Care Stores Market DefinitionSkincare stores refer to stores where people can buy products that are used to keep the skin healthy and attractive. They are intended to cleanse or beautify human appearances. These products are generally used to support skin integrity, enhance its appearance, and relieve skin conditions.
Skin Care Stores Global Market Report 2024 from The Business Research Company covers the following information:• Market size data for the forecast period: Historical and Future• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.The Skin Care Stores Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on skin care stores market size, skin care stores market drivers and trends, skin care stores market major players, skin care stores competitors' revenues, skin care stores market positioning, and skin care stores market growth across geographies. The skin care stores market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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August 13, 2024, 14:00 GMT
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