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Skin Whitening Products Market Size - by Product (Cream, Cleanser), by Nature (synthetic, natural) & Region – Forecasts By - 2030

  • PUBLISHED ON
  • 2023-07-06
  • NO OF PAGES
  • 258
  • CATEGORY
  • Retails & Consumer
Market- Overview

Skin whitening product Market is projected to rise at a significant rate by 2030 expanding at a considerable CAGR over the forecast period of 2022-2030.

The fascination with becoming fairer has been a driving factor within the skincare industry and a larger section of Asian women has displayed an inclination towards skin lightening products, particularly in a bid to avoid the discrimination based on colour.

Also, the recent demand hike and rising penetration of skin lightening products is because of the rising demand from the natural and organic products, a sustainable approach on the manufacturer’s end, and introduction of innovative formulations into the market.

Skin Whitening Products Market- Description

Plant extracted ingredients have been trending within the skincare industry. The use of plant extracts in skincare products has been a rising trend among consumers, especially millennials who are increasingly shifting to buy ecologically friendly products.

Also, the consumers have been inclined towards products constituting bioactive extracts because of their elevated skincare properties that includes, nutrient sufficiency.

These have made it possible to have healthy skin without any causative side effects. Also, the younger generation of women have their interest piqued in make-up and beauty products that has been creating subsequent opportunities for growth in demand for skin lightening products.


Skin Whitening Products Market- Key Market Trends

• Rising consumer awareness in regards to the harmful effects of conventional, synthetic chemical-laden products

Every market has its growth determinant and challenges. One of the major factor that has fuelled the market growth over the forecast period is the rising consumer awareness regarding the harmful effects of conventional, synthetic chemical-laden products. Also, these organically- and naturally-cultivated products such as aloe vera, sea kelp, argan oil, and jojoba oil are some of the key raw ingredients used for manufacturing skin lightening products.

• Growing importance of self-care in recent years
Another major factor that has fuelled the market growth over the forecast period is the growing importance of self-care in recent years. The relaxing self-care experiences through complex skincare routines at home and this trend is driving the demand for products with active ingredients that have lightening as well as brightening properties that includes creams & lotions, repair creams, peels, masks, serums, powders, and scrubs.

Skin Whitening Products Market- Segmental analysis of the Market
Based on Product
• Cream
• Cleanser
• Masks
• Others

The cream segment has dominated the market growth over the forecast period. This is because of easy and effective penetration of cream in the skin that attributes to its increased usage among consumers. Market players are launching lightning creams with advanced technologies to increase their effectiveness.

Based on Nature
• Synthetic
• Natural
• Organic

The synthetic segment has dominated the market growth over the forecast period. This is because of the chemical ingredients to de-pigment the skin is widely used in dermatology and cosmetics, which is also driving their usage in conventional product.

Skin Whitening Products Market- Geographical analysis of the market

Global Skin Whitening Products Market is segmented into 4 main regions namely, North America, Europe, Asia Pacific, and Middle east and Africa. Among these, Asia Pacific has dominated the market growth over the forecast period. This is because the major players in the region are adopting various strategies to gain maximum customer penetration in the country.

Skin Whitening Products Market- Competitive Landscape

Some of the prominent companies operating in the market are L’Oréal S.A.; Beiersdorf AG; Shiseido Co., Ltd.; Procter & Gamble; Unilever; Himalaya Global Holdings Ltd.; Kanebo Cosmetics Inc.; Lotus Herbals Pvt. Ltd.; VLCC Health Care Limited; Avon Products, Inc.

Report Scope
Global Skin Whitening Products Market: Historical Period- 2018-2021
Global Skin Whitening Products Market: Industry and Forecast Period- 2022-2030

Major segments covered
• Product- cream, cleanser, masks, others
• Nature- synthetic, organic, natural

Key Countries and Regions Covered
• North America (United States, Canada)
• Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Top companies profiled- L’Oréal S.A.; Beiersdorf AG; Shiseido Co., Ltd.; Procter & Gamble; Unilever; Himalaya Global Holdings Ltd.; Kanebo Cosmetics Inc.; Lotus Herbals Pvt. Ltd.; VLCC Health Care Limited; Avon Products, Inc.

1.     Global Skin Whitening Products Market Introduction and Market Overview

1.1.  Objectives of the Study

1.2.  Skin Whitening Products Market Definition & Description

1.3.  Global Skin Whitening Products Market Scope and Market Estimation

1.3.1.     Global Skin Whitening Products Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023-2033)

1.3.2.     Global Skin Whitening Products Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019-2033

1.4.  Market Segmentation

1.4.1.     Product of Global Skin Whitening Products Market

1.4.2.     Nature of Global Skin Whitening Products Market

1.4.3.     Region of Global Skin Whitening Products Market

 

2.     Executive Summary

2.1.  Global Skin Whitening Products Market Industry Trends under COVID-19 Outbreak

2.1.1.     Global COVID-19 Status Overview

2.1.2.     Influence of COVID-19 Outbreak on Global Skin Whitening Products Market Industry Development

2.2.  Market Dynamics

2.2.1.     Drivers

2.2.2.     Limitations

2.2.3.     Opportunities

2.2.4.     Impact Analysis of Drivers and Restraints

2.3.  Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.  Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.  Porter’s Five Forces Analysis

2.5.1.     Bargaining Power of Suppliers

2.5.2.     Bargaining Power of Buyers

2.5.3.     Threat of Substitutes

2.5.4.     Threat of New Entrants

2.5.5.     Competitive Rivalry

2.6.  Value Chain / Ecosystem Analysis

2.7.  PEST Analysis

2.8.  Russia-Ukraine War Impacts Analysis

2.9.  Economic Downturn Analysis

2.10. Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

 

3.     Global Skin Whitening Products Market Estimates & Historical Trend Analysis (2020 - 2022)

 

4.     Global Skin Whitening Products Market Estimates & Forecast Trend Analysis, by Product

4.1.  Global Skin Whitening Products Market Revenue (US$ Mn) Estimates and Forecasts, by Product Type, 2023 to 2033

4.1.1.     Cream

4.1.2.     Cleanser

4.1.3.     Masks

 

5.     Global Skin Whitening Products Market Estimates & Forecast Trend Analysis, by Nature

5.1.  Global Skin Whitening Products Market Revenue (US$ Mn) Estimates and Forecasts, by Installation, 2023 to 2033

5.1.1.     Synthetic

5.1.2.     Natural

5.1.3.     Organic

            

6.     Global Skin Whitening Products Market Estimates & Forecast Trend Analysis, by Region

6.1.  Global Skin Whitening Products Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2023 to 2033

6.1.1.     North America

6.1.2.     Europe

6.1.3.     Asia Pacific

6.1.4.     Middle East & Africa

6.1.5.     South America

 

7.     North America Skin Whitening Products Market: Estimates & Forecast Trend Analysis

7.1.  North America Skin Whitening Products Market Assessments & Key Findings

7.1.1.     North America Skin Whitening Products Market Introduction

7.1.2.     North America Skin Whitening Products Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

7.1.2.1.  By Product

7.1.2.2.  By Nature

7.1.2.3.  By Country

7.1.2.3.1.   The U.S.

7.1.2.3.2.   Canada

7.1.2.3.3.   Mexico

 

8.     Europe Skin Whitening Products Market: Estimates & Forecast Trend Analysis

8.1.  Europe Skin Whitening Products Market Assessments & Key Findings

8.1.1.     Europe Skin Whitening Products Market Introduction

8.1.2.     Europe Skin Whitening Products Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

8.1.2.1.  By Product

8.1.2.2.  By Nature

8.1.2.3.      By Country

8.1.2.3.1.   Germany

8.1.2.3.2.   U.K.

8.1.2.3.3.   France

8.1.2.3.4.   Italy

8.1.2.3.5.   Spain

8.1.2.3.6.   Russia

8.1.2.3.7.   Rest of Europe

 

9.     Asia Pacific Skin Whitening Products Market: Estimates & Forecast Trend Analysis

9.1.  Asia Pacific Market Assessments & Key Findings

9.1.1.     Asia Pacific Skin Whitening Products Market Introduction

9.1.2.     Asia Pacific Skin Whitening Products Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

9.1.2.1.      By Product

9.1.2.2.      By Nature

9.1.2.3.      By Country

9.1.2.3.1.   China

9.1.2.3.2.   Japan

9.1.2.3.3.   India

9.1.2.3.4.   Australia

9.1.2.3.5.   South Korea

9.1.2.3.6.   ASEAN

9.1.2.3.7.   Rest of Asia Pacific

 

10.  Middle East & Africa Skin Whitening Products Market: Estimates & Forecast Trend Analysis

10.1. Middle East & Africa Market Assessments & Key Findings

10.1.1.  Middle East & Africa Skin Whitening Products Market Introduction

10.1.2.  Middle East & Africa Skin Whitening Products Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

10.1.2.1.   By Product

10.1.2.2.   By Nature

10.1.2.3.   By Country

10.1.2.3.1.              U.A.E.

10.1.2.3.2.              Saudi Arabia

10.1.2.3.3.              Egypt

10.1.2.3.4.              South Africa

10.1.2.3.5.              Rest of Middle East & Africa

 

11.  South America Skin Whitening Products Market: Estimates & Forecast Trend Analysis

11.1. South America Market Assessments & Key Findings

11.1.1.  South America Skin Whitening Products Market Introduction

11.1.2.  South America Skin Whitening Products Market Size Estimates and Forecast (US$ Million) (2023 to 2033)

11.1.2.1.   By Product

11.1.2.2.   By Nature

11.1.2.3.   By Country

11.1.2.3.1.            Brazil

11.1.2.3.2.            Argentina

11.1.2.3.3.            Colombia

11.1.2.3.4.            Rest of South America

 

12.  Competition Landscape

12.1. Global Skin Whitening Products Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

12.2. Global Skin Whitening Products Market Concentration & Company Market Shares (%) Analysis, 2022

 

13.  Company Profiles

13.1.    L’Oréal

13.1.1.     Company Overview & Key Stats

13.1.2.     Financial Performance & KPIs

13.1.3.     Product Portfolio

13.1.4.     Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

13.2.    Beiersdorf AG

13.3.    Shiseido Co. Ltd.

13.4.    Procter & Gamble

13.5.    Unilever

13.6.    Himalaya Global Holdings Ltd

13.7.    Kanebo Cosmetics Inc.

13.8.    Lotus Herbals Pvt. Ltd.

13.9.    VLCC Health Care Limited

13.10.  Avon Products

13.11.  Others**

 

14.  Research Methodology

14.1. External Transportations / Databases

14.2. Internal Proprietary Database

14.3. Primary Research

14.4. Secondary Research

14.5. Assumptions

14.6. Limitations

14.7. Report FAQs

 

15.  Research Findings & Conclusion

Quality Assurance Process

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We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


Frequently Asked Questions

What is the market size and growth projections?

The Global skin whitening product market is projected to rise at a significant rate by 2030 expanding at a considerable CAGR over the forecast period of 2022-2030.

What are the drivers shaping various markets?

Every market has its growth determinant and challenges. One of the major factor that has fuelled the market growth over the forecast period is the rising consumer awareness regarding the harmful effects of conventional, synthetic chemical-laden products.

Who are the key competitors of market Players?

Some of the major players operating within the market are L’Oréal S.A.; Beiersdorf AG; Shiseido Co., Ltd.; Procter & Gamble; Unilever; Himalaya Global Holdings Ltd.; Kanebo Cosmetics Inc.; Lotus Herbals Pvt. Ltd.; VLCC Health Care Limited; Avon Products, Inc.

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