The global skin lightening
products market is estimated to reach US$ 1586 Bn by 2031, as per a
study by Future Market Insights. Manufacturers and brand holders identify
product’s efficiency and effectiveness as exceedingly important factors to
convert the product’s unique selling proposition (USP) into a bigger market
share.

According to the report, the rising cases of melasma are among
leading factors enabling skin lightening products sales. Melasma can be defined
as acquired hyperpigmentation on the skin, and occurs due to a number of
reasons, such as genetic predisposition, ultraviolet radiation, hormonal
factors, and drugs. Topical therapies along with minimally invasive surgeries
are becoming extremely popular in the treatment of melasma across the globe.

To Get Sample Copy of Report Visit
@ https://www.futuremarketinsights.com/reports/sample/rep-gb-642

However, the latter being expensive, a larger consumer base is
adopting topical therapies for the treatment of hyperpigmentation. Topical
therapies include medically prescribed or over-the-counter drugs, including
several creams, lotions, gels, serums, and other topical therapies. The rising
prevalence of melasma across the globe is shifting women to opt for topical
therapies for treating their skin conditions.

Apart from the U.S., the
adoption of skin lightening products has also demonstrated an increasing
penetration rate among African population.. As per the World Health
Organization (WHO), 77% of Nigerians use skin lightening products on a daily
basis. Improved lifestyle and a rise in the middle class consumer group in
Africa are pushing the penetration of skin care products across the countries.

Women happen to cover the
leading share in the market, accounting for nearly 80% of sales. FMI in its
latest study has forecast the market to rise at a CAGR of 12.8% between 2021
and 2031.

Key Takeaways of Skin
Lightening Products Market Report

• Skin lightening product sales will continue rising, especially
  in the lotion and creams category
• The U.S. has emerged as a highly lucrative market, accounting
  for over 90% sales in North America
• The presence of some of the leading market players is pushing
  y-o-y growth in the U.K. at 3.3%
• The expansion of beauty industry will continue fuelling sales in
  Germany and France
• Japan will remain an exceedingly lucrative market, accounting
  for over 50% sales in East Asia

For
More Details, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-642

“Manufacturers are focusing on the development of
high value skin lightening products due to the rising demand for better and
effective value added products. Furthermore, the rising diversity of premium
skin lightening products on retail shelves is further expected to contribute
towards the increasing value share of skin lightening products in the near
future,” says the FMI analyst

Impact of COVID-19 & 2020
Market Analysis

The current pandemic outbreak
has imposed numerous challenges on the part of supply side and demand side. The
temporary regulation imposed by regional governments to restrict the movement
has impacted supply chains drastically. Besides this, the shift from
discretionary spending to essential goods has further negatively impacted the
market growth.

Besides this, the change in
consumer buying habits has encouraged a shift from store based retailing to
online retailing facilitating a wider market reach. However, the market is
currently entering into reviving phase across different regions, which is
further an indicator that points out towards new opportunities amid economic
slowdown.

Who is winning?

Future Market Insight (FMI)’s
report underlines insights into the competitive situation of the Skin
Lightening Products market along with highlights of differential ways utilized
by players. Some key players within the Skin Lightening Products market
includes and others.

The players are aggressively
investing to encourage and promote product development with an aim to gain a
competitive advantage over other players operating in the market. The players
are entering into strategic alliances with others to build up and strengthen in
house resources and expertise.

L’Oréal S.A, Beiersdorf AG,
Unilever PLC, Procter & Gamble Company, Shiseido Company, Estée Lauder
Companies Inc, Avon Products Inc., VLCC Health Care Limited, Lotus Herbals
Private Limited, Clarins Group, Himalaya Global Holdings Limited, Kaya Limited,
Kanebo Cosmetics Inc., RichFeel Hair & Beauty Pvt. Ltd., Eveline Cosmetics,
Rozgé Cosmeceutical, Bio Veda Action Research Private Limited, Civant LLC,
Sabinsa Corporation, and Sanora Beauty Products, among others etc. are few
prominent brands operating in the market.

Get Valuable Insights into
Skin Lightening Products Market

Future Market Insights, in
its new offering, provides an unbiased analysis of the global skin lightening
products market, presenting historical demand data (2016-2031) and forecast
statistics for the period from 2021-2031. The skin lightening products market
study uncovers convincing bits of knowledge based on product type (foam, gels,
serum and toner, scrubs, others), end user ( men and women), nature
(natural/herbal, synthetic, and organic), price range (economic (US$10 – 50),
mid-range (US$50 – 200), and premium  (US$200 and above), distribution
channel (pharmacies, specialty outlets, supermarkets/hypermarkets, convenience
stores, beauty stores, e-retailers, others) and inclusion region (across each
of the seven areas.

More about Technology
Market Insights:

Unified Communication
as a Service (UCaaS) Market

Business Analytics BPO Services
Market

Real Time Store Monitoring
Platform Market