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

January 12, 2017: 12:00 AM EST
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.
"A Growth Trend for Skin Care Products", Beauty Packaging, January 12, 2017, © Rodman Media
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