Albany, NY, March 9, 2015 (GLOBE NEWSWIRE) -- According to the report, the global skin care products market was valued at USD 105.24 billion in 2013 and is anticipated to reach USD 148.32 billion by 2020, expanding at a CAGR of 5.0% from 2014 to 2020. Asia Pacific is dominating the skin care products market in 2013 and is expected to maintain its leading position over the forecast period. With the increasing awareness for proper skin care and concern towards healthy living consumers are showing preferences for skin care products in Asia Pacific.
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Changing lifestyle and consumer preference for flawless skin in the major markets such as China, Japan, France and U.S. are contributing in the growth of skin care products market. Furthermore, increasing pollution, global warming and increasing concern regarding its adverse effects on skin is boosting the demand for skin care products globally. Moreover, product innovation is expected to significantly create a positive impact on the usage of skin care products globally over the forecast period.
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Widening distribution channels is creating a positive impact on this market. Moreover, huge investment from the manufacturers end for advertisement and product endorsement are also some of the major factors driving the demand for skin care products globally.
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Avon Products, Inc., L'Oreal S.A., Beiersdorf AG, Procter & Gamble and Unilever PLC have strong presence with their innovative product line and strong distribution channels globally.
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The global skin care products market has been segmented as follows:
Global Skin Care Products Market by Product Type
- Skin brightening cream
- Anti-aging cream
- Sun protection cream
- Mass market body lotion
- Premium body care lotion
Global Skin Care Products Market by Region
Regions covered under this research study include:
- North America
- Asia Pacific
- Rest of the World
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