World Skincare Market To Reach $179 Billion In Value By 2022, Study Predicts

From 2016 to 2022, the world market for skincare products is forecast to expand with a CAGR of 4.7 percent to reach $179 billion in value by the end of that period, according to Allied Market Research. Data from the report “Skin Care Products Market by Type and Geography: Global Opportunity Analysis and Industry Forecast, 2014‒2022” revealed the Asia-Pacific region was the top market, accounting for more than 40 percent of the overall market revenue. Also, the face cream segment, including anti-aging creams and skin-brightening creams, contributed almost 75 percent of the market revenue, while the body care lotion segment accounted for 41 percent of the market.