Skin care products are an aggregation of facial care, body care, sun care, hand care, and some other products such as depilatories which help in aiding the varied skin concerns and problems. Some of the highly used skin care products are anti-aging creams, facial and hand moisturizers, body lotions, facial masks, acne treatment products, facial cleansers, wipes, toners, sunscreens, and lip balms/sticks. Both mass and premium skin care products are available to meet the different needs of consumers.
Analysts forecast the Skin Care market in Europe to grow at a CAGR of 2.45 percent over the period 2013-2018.
The Report recognizes the following companies as the key players in the Skin Care Market in Europe are: Beiersdorf AG, Johnson & Johnson Inc., L'Oréal SA, Procter & Gamble Co. (P&G) and Unilever.
Other Prominent Vendors in the market are: Avon Products, Bioderma Laboratory, Blistex, Boots, Bristol-Myers Squibb, Clarins, Estee Launder, Kimberly-Clark , Lancaster , Oriflame , Pai Skincare and Shiseido.
The growing demand for value-for-money products is one of the major emerging trends in the market, where consumers in an economic environment desire better value for money on their purchases of products and brands, by trading down to low-priced items.
Covered in this Report
In terms of product, the Skin Care market in Europe is segmented into five: Facial Care, Body Care, Sun Care, Hand Care and Others (including depilatories and makeup removers). To calculate the market size, the report considers the revenue generated from the retail sales of skin care products.
Skin Care Market in Europe 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report considers the landscape of the Skin Care market in Europe and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
According to the report, multi-functionality of cosmetic formulations is a key driver in the market, as the usage of sophisticated formulations in the manufacturing of skin care products has increased their multi-functionality.
Further, the report states that the impact of the Eurozone crisis on the Skin Care market is one of the challenges in the market. The crisis led to rising debts, bailouts, and loss of jobs, sluggish growth, and a decrease in the consumption of basic skin care products.