Skin Care Stores Global Market Is Expected To Grow At A Rate Of More Than 10% Through 2023 – 2027
6 Jul, 2023
The global skin care stores size is expected to grow from $53.61 billion in 2022 to $60.15 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global skin care stores size is expected to reach $89.55 billion in 2027 at a CAGR of 10.5%.
Global Skin Care Stores Market Key Driver
The increased awareness of personal hygiene and regular grooming is projected to move the skin care shop industry forward in the coming years. Personal hygiene refers to washing areas of the body and hair with soap and water on a regular basis to prevent disease, whereas grooming refers to scrubbing, blow drying, and brushing to assist maintain a healthy lifestyle. People prefer to use skin care products because they help to improve skin texture, increase overall look, and preserve personal hygiene. As a result, increased awareness of personal cleanliness and regular grooming will drive up demand for skin care stores.
Get a sample of the global skin care stores market reportGlobal Skin Care Stores Market Segments
The global skin care stores market is segmented:
1) By Product Type: Facial Care, Lip Care, Body Care
2) By Packaging Type: Tubes, Jars, Bottles
3) By Category: Premium Skin Care Products, Mass Skin Care Products
4) By Gender: Female, Male
5) By Distribution Channels: Supermarkets and hypermarkets, Convenience stores, Phramacy, Online Stores
6) By Geography: The regions covered in the skin care stores market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global skin care stores market.
Major Skin Care Stores Industry Players
Loreal SA, Unilever Plc., The Estée Lauder Companies Inc., Shiseido Co. Ltd., Revlon Inc., Procter & Gamble Co., Coty Inc., Kao Corporation, Sephora, Ulta Beauty Inc.
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Skin Care Stores Market Overview
Skincare stores referred 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 2023 provides data on the global skin care stores market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The skin care stores market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.