#skincareanalysisbymarket

[globallsdata]

The skincare market size was $131.5 billion in 2022. The market is expected to grow at a CAGR of more than 3% during 2022-2027. The rising purchasing power among consumers and changing lifestyles are driving sales in the skincare sector.

Expanding urban populations, especially in developing countries, are also stimulating sales. Furthermore, the consumer inclination towards these products has increased owing to rising awareness of skin issues and conditions, mainly in regions impacted by environmental problems such as pollution and exposure to UV rays.

Also, there is an increasing demand for personalized and specific skincare products owing to different skin types and conditions. This has led to the introduction of innovative products by manufacturers that align closely with these consumer needs.