Global Skin Lightening Products Market is Segmented By Product Type (Creams and Lotions, Serum and Toner, Scrubs, Gels, Foam, Others), By Nature (Natural, Synthetic, Organic), By End-User (Men, Women), By Distribution Channel (Hypermarket/Supermarket, E-commerce, Convenience Stores, Specialty Stores, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Skin Lightening Products Market Size
The Global Skin-Lightening Products Market reached USD 9,980 million in 2022 and is projected to witness lucrative growth by reaching up to USD 16,861.07 million by 2030. The skin-lightening products market is expected to exhibit a CAGR of 6.8% during the forecast period (2023-2030). Skin lightening developments deliver diverse advantages like diminishing pigmentation, lightening contusion, encouraging actual skin tone, and eradicating scars.
The rising of clients toward a detailed solution to diverse skin concerns, like age spots or acne spot decrease, has raised the adoption of diverse skin lighteners in the market.
Skin Lightening Products Market Scope
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Metrics |
Details |
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CAGR |
6.8% |
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Size Available for Years |
2021−2030 |
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Forecast Period |
2023−2030 |
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Data Availability |
Value (USD) |
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Segments Covered |
Product Type, Nature, End-User, Distribution Channel, and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
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Fastest Growing Region |
Asia-Pacific |
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Largest Region |
Asia-Pacific |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Type Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis key Insights. |
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Skin Lightening Products Market Dynamics
The Increasing Market Developments Are Driving The Global Skin-Lightening Products Market Growth In The Forecast Period.
The increasing market developments drive the global skin-lightening product market growth during the forecast period. For instance, in January 2022, Galderma, the globe's biggest dermatology corporation, acquired Alastin Skincare Inc., a forte aesthetics corporation committed to designing creative and clinically-tested physician-dispensed skincare developments.
The Presence Of Stringent Regulatory Policies Hampers The Global Skin-Lightening Products Market Growth.
The presence of stringent regulatory policies is hampering the global skin-lightening product market growth during the forecast period. For instance, in the united states and a majority of global regions, the two highly crucial regulations regarding cosmetics commercialized in the United States are the Fair Packaging and Labeling Act (FPLA) and Federal Food, Drug, and Cosmetic Act (FD&C Act). FDA controls cosmetics under the rule of these regulations.
Skin Lightening Products Market Segment Analysis
The global skin-lightening products market is segmented based on product type, nature, end-user, distribution channel, and region.
The Organic Nature Skin-Lightening Products Segment Is Expected To Hold A Dominant Position In The Market Over The Forecast Period.
The organic nature skin-lightening products segment is estimated to hold around 38.2% of the total global market owing to the increasing product launches of this segment into the market. For instance, in February 2022, SkinCeuticals, a medical proficient skincare label, introduced its Phyto A+ Brightening Treatment. The Phyto product line encloses Phyto Corrective Masque and Phyto Corrective Gel, which aid in providing a more glowing look to the clients.
Source: DataM Intelligence Analysis (2023)
Skin Lightening Products Market Geographical Share
Asia-Pacific Holds The Largest Share Of The Global Skin-Lightening Products Market.
Asia-Pacific is estimated to hold around 24.5% of the global skin-lightening products market owing to the increasing market developments such as product launches, product approvals, mergers, acquisitions, collaborations, and expansions among others. For instance, in April 2022, Neutrogena India, owned by parent corporation Johnson & Johnson, introduced its New Bright Boost spectrum of developments to manage the growing issue of skin dullness. The development spectrum encloses Illuminating Serum, Gel Cream, and Resurfacing Micro Polish. The element formulation asserts to boost the surface skin revitalization cycle to 10 folds which aids in achieving an even tone, smoother, and brighter skin.
Source: DataM Intelligence Analysis (2023)
Skin Lightening Products Market Companies
The major global players in the market include Procter & Gamble Co, L'Oréal S.A., Avon Products, Inc., The Estée Lauder Companies Inc., Beiersdorf AG, Unilever plc, Shiseido Company Limited, E.T. Browne Drug Co., Inc., Emami Ltd., and Kao Corporation among others.
COVID-19 Impact on Skin Lightening Products Market
Russia-Ukraine War Impact Analysis
The Ukrainian cosmetics business has encountered a significant impact from Russia’s invasion, pushing multiple manufacturers to suspend production and shut their corporations. According to Ukraine's educational research service Na Urok, the cosmetics market is one of the biggest in Ukraine, only after tobacco, alcohol, and food. Ukraine’s business metropolises, like Dnipro and Kharkiv, are home to many domestic personal care and cosmetics product producers, and multinational producers including Oriflame, L’Oréal, and Henkel. Nevertheless, Russia’s incursion and its bombardment of significant Ukrainian metropolises have halted movement at this fast-growing domestic enterprise. According to UN estimations, invariant if the warfare in Ukraine concludes shortly, Ukraine’s GDP will decrease by 10%, shutting down multiple domestic manufacturers in the process, thereby negatively impacting the global skin-lightening products market growth.
Global Recession Impact Analysis
The global recession has had a significant impact on the global skin-lightening products market owing to the increased prices of transport and manufacturing among others. For instance, according to the U.S. Labor Department, the consumer-price index, a vastly observed inflation meter, grew 7.9% from February 2021 and 2022, the most rapid yearly inflation in four decades. The bump is a consequence of a few aspects hooked to the continued supply chain trouble, which has affected the price of components, and the cost of shipment and transport. In the United States, gasoline costs have skyrocketed beyond highs last witnessed in 2008, a rise that is expected to eat into customers' capacity to disburse additional interest. Furthermore, the national labor deficiency is at a history tall, up almost 30% since pre-pandemic.
Artificial Intelligence Impact Analysis
Artificial intelligence has positively impacted the global skin-lightening market as the employment of AI has increased consumer engagement. For instance, the mixture of AI and AR has directed additional creative solutions and bigger possibilities for retail. Smart assistants and development proposals have completed basic suitable functions. The solution examines customers' characteristics like skin type, hair and eye color, and choices, presenting the ideal beauty product matches.
By Product Type
- Creams and Lotions
- Serum and Toner
- Scrubs
- Gels
- Foam
- Others
By Nature
- Natural
- Synthetic
- Organic
By End-User
- Men
- Women
By Distribution Channel
- Hypermarket/Supermarket
- E-commerce
- Convenience Stores
- Specialty Stores
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Middle East and Africa
Key Developments
- In January 2022, L'Oreal, a French personal care corporation, and Verily, Alphabet Inc.'s research institution dedicated to the analysis of life sciences, partnered to advance skin health.
- In January 2022, Procter & Gamble, an American multinational customer interests company, completed the acquisition of the Tula a luxury skincare brand.
- In September 2022, L'Oréal, a French personal care corporation, acquired SkinBetter Science, a physician-dispensed American skincare brand.
Why Purchase the Report?
- To visualize the global skin-lightening products market segmentation based on product type, nature, end-user, distribution channel, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of skin-lightening products market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global skin-lightening products market report would provide approximately 53 tables, 54 figures, and 195 Pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
