Growing Landscape For Professional Skincare Products Steers In A High CAGR

The global professional skincare products market size is expected to expand at a high CAGR during the forecast period. The demand for cosmeceutical products is anticipated to rise by a significant percent in the following years. This is mainly due to the aging population desiring for young age and maintaining a youthful appearance. Therefore, the rise in demand for herbal skincare products for geriatric population is supplementing the market growth throughout the forecast period. Technologically advanced products for controlling skin care, hair fall, and freckles is succeeding the market growth with enormous demand.

The professional skincare products market is driven by surge in demands for body care lotions, sunscreen, and face creams from the cosmetics industry. Rise in e-commerce is anticipated to have a significant impact on the retail business. Technological improvements have led to the rise in demand for skincare products. Moreover, the wide availability of skincare products followed by huge awareness in mass population is expected to trigger a huge demand. Growing demand for organic products derived from natural ingredients have been supplementing the market growth throughout the forecast period.

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The global market is anticipated to witness a huge surge in skin care products driven by rise in demand for organic skin care products by millennials and change in market trends. Moreover, existence of spa, salons, rehabs and relaxation centers is likely to spur the demand for professional skincare products. The demand for medicated lotions have gained a high momentum owing to high prevalence of skin conditions such as psoriasis, dermatitis, and rosacea. Increase in OTC and prescribed formulations for various skin conditions are likely being treated. A new type of repair moisturizer based on natural lipids has emerged that is available on OTC prescription.

By region, the professional skincare products market has been segmented as North America, South America, Europe, Asia Pacific, Middle-East, and Africa. Asia Pacific accounted for a huge dominance in the recent years attributing to high population and growing commercial landscape of cosmetic products. Rise in demand for anti-ageing creams is likely to boost the revenue growth in regional markets. Moreover, competition in fashion industry in these regions is likely to steer a high market growth across Asia Pacific.

Some of the key players in professional skincare products market are Martha Tilaar Group, Ivy Beauty, PT Paragon Technology and Innovation, Tanamera Tropical, Wipro Unza Holdings, Muslimah Manufacturing, Colgate Palmolive, and INIKA Cosmetics.