Published by Coherent Market Insights
Posted on September 27, 2021
3 min readLast updated: February 2, 2026
The global skin care products market is projected to reach $179.51 billion by 2027, growing at a CAGR of 4.37%, driven by increasing demand for skin protection and anti-aging products.
The global skin care products market is expected to be valued at US$ 179.51 billion by 2027, and is expected to register a CAGR of 4.37% in terms of revenue over the forecast period (2019 – 2027).
Skin care products are those that support in maintaining the skin’s texture, enhance its appearance, in addition to curing skin conditions. For instance, Revlon Inc. launched a series of Almay Kinetin Skincare Advanced Anti-Aging products in 2017. Moreover, skin care products provide nutrition required for the skin, whereas products such as sunscreen lotions protect the skin from harmful UV-radiations and help prevent skin cancer.
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Growing personal care industry worldwide is driving growth of the skin care products market. According to the International Trade Administration (ITA), in 2014, per capita spending on cosmetic products was reported as US$ 139 in the U.S., US$ 171 in South Korea, and US$ 174 in Japan.
The skin care products market is projected to reach US$ 179.51 billion by the end of 2027, at a CAGR of 4.37% over the forecast period, owing to benefits such as aiding in skin protection, and prevention of skin diseases and skin cancer. For instance, according to the World Health Organization (WHO), 1.04 million cases of skin cancer (non-melanoma) were reported globally in 2018.
According to the World Health Organization (WHO), in 2018, skin diseases were among the most common of all human health afflictions and affected around 900 million people in the world. Excessive exposure to solar ultraviolet radiation increases the risk of all types of skin cancers. Avoiding excessive exposure and using skin care products such as sunscreen lotions and protective clothing are effective preventive measures. Moreover, in 2018, the World Health Organization (WHO) published a training guideline that aims to make it easier for health workers to identify the signs and symptoms of skin-related neglected tropical diseases.
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In January 2018, Colgate-Palmolive Company acquired Physicians Care Alliance, LLC and Elta MD Holdings, Inc., professional skin care businesses, which are two of the fastest-growing brands in the professional skin care market. These acquisitions enabled Colgate-Palmolive to enter the highly attractive professional skin care category, while complementing its existing global personal care businesses.
Major players operating in the global skin care products market include Unilever Plc., Shiseido Company Ltd., Johnson & Johnson Inc., Procter & Gamble Co., L’Oréal S.A., Revlon Inc., Kao Corporation, and Avon Products Inc., Beiersdorf AG, Colgate Palmolive Company, and others.
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The post Skin Care Products Market To Continue Impressive Measured Growth Through 2027 appeared first on Gatorledger.
The article discusses the projected growth of the global skin care products market through 2027.
The skin care products market is expected to reach $179.51 billion by 2027.
The market is expected to grow at a CAGR of 4.37% from 2019 to 2027.
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