Global premium skin care products market expected to reach $78.7 billion by 2030 as consumer interest in premium beauty grows

Global market for PremiU.S.incare products

DUBLIN, March 15, 2024 (Globe Newswire) — The “Premium Skin Care Products: Global Strategic Business Report” report has been added. ResearchAndMarkets.com Recruitment.

New York, New York – The premium skin care sector is experiencing significant growth and its market value is expected to reach USD 78.7 billion by 2030. Global demand for high-quality skin care is expected to grow at a compound annual growth rate (CAGR) of 5% from 2022. End skin care solutions are indicative of consumer trends towards luxury and quality in personal care. Masu.

Unprecedented market dynamics in the US and China lead to an expansive growth journey – The US market, currently valued at USD 14.5 billion, is showing strong growth, while the dominant Chinese market is predicted to reach new heights at an astounding 8.4% CAGR, making it a key player on the global stage. It is attracting attention as a major player. The Chinese market is expected to reach US$17 billion by 2030, reflecting the growth of China’s luxury consumer base and rising product innovation.

With focus on other prominent regions, the Japanese and Canadian markets are also expected to show steady growth rates of 2.6% and 4.1%, respectively. In Europe, with a focus on Germany, a CAGR of 3.3% is predicted, demonstrating that European consumers have a firm grip on their preferences for high-quality skin care.

Strategic business insights on emerging global trends – Newly released strategic analysis includes a multifaceted study of how key contemporary issues are impacting the market, such as the impact of the Russia-Ukraine war, currency inflation, and China policy dynamics. ing. This reflects supply chain bottlenecks, trade tensions, and looming recessionary signs that collectively shape strategic business decisions in the premium skin care products sector.

Powered by competitive intelligence and geographic market analysis – The report further provides detailed insights on global competitiveness, including market share statistics of key competitors. It details the market presence across different regions and the degree of market influence categorized as strong, active, niche, or minor, cutting across the geographic spread of the industry.

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Collaborative and interactive updates – In an industry that demands agility, this report promises dynamic peer-to-peer collaboration and bespoke updates to help stakeholders stay on top of the latest market changes in real-time.

This insightful publication provides a comprehensive view of the industry’s future path, backed by a year of free updates, providing longevity and continued relevance in a rapidly evolving market environment. Masu.

For those looking to delve into the Premium Skin Care Products market analysis and forecasts, this report serves as an essential resource to understand the complexities and opportunities that the future holds.

Premium skin care products from all over the world

America:

Canada, Japan, China, Europe, France, Germany, Italy, United Kingdom, Spain, Russia, Rest of Europe:

• A similar analysis is performed by region, providing recent historical, current, and future sales data and historical reviews for premium skin care products.

• Learn about the key competitors in each region in 2023.

Asia Pacific, Australia, India, South Korea and Rest of Asia Pacific:

• The market presence, sales data, and key competitors are analyzed for the Asia-Pacific region and its sub-regions.

Latin America, Argentina, Brazil, Mexico and Rest of Latin America:

• As with other regions, market presence, sales data, and key competitors are provided for Latin America and its subregions.

Middle East, Iran, Israel, Saudi Arabia, United Arab Emirates and other Middle East regions:

Africa:

• Market presence, sales data, and key competitors for premium skin care products in Africa are provided.

key attributes

Some of the companies mentioned in this report include:

• Avon Products Company

• Beiersdorf AG

• Colgate-Palmolive Company

• johnson and johnson

• loreal sa

• Procter & Gamble Co.

• Revlon company

• Shiseido Co., Ltd.

• The Estée Lauder Companies, Inc.

• unilever

For more information about this report, please visit https://www.researchandmarkets.com/r/izv7ju.

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