Global Skin Lightening Products Market is valued at approximately USD 14.49 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2022-2028. Skin Lightening Products have been gaining popularity among the millennials to reduce pigmentation, promote even skin tone, lighten discoloration and eliminate blemishes. The rise in demand for skincare is driving the market growth. For instance, according to Statista, the global skincare market value grew from 2018 i.e., USD 134.5 Billion to USD 148.3 Billion in 2020, and is further expected to reach USD 189.3 billion by 2025. Furthermore, the total market is also expected to be driven by the launch of new products. For instance, in June 2021, Shiseido Co., Ltd., a cosmetics company in Japan launched a multifunctional sunscreen that includes a brightening active under the Anessa brand. Also, in February 2022, SkinCeuticals, a medical skincare company, launched Phyto A+ brightening treatment. Also, increasing disposable income, growing importance of self-care, and increasing demand for vegan products are likely to increase the market growth during the forecast period. However, prevalence of side effects impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the Global Skin Lightening Products Market study include: Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific is the leading region across the world in terms of market share and is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028 owing to the presence of well-established market players in the region, rising disposable income, rising coverage of e-commerce retail and launch of new innovative products.
Major market players included in this report are:
- L'Oreal S.A.
- Beiersdorf AG
- Shiseido Co., Ltd.
- Procter & Gamble
- Unilever
- Himalaya Global Holdings Ltd.
- Kanebo Cosmetics Inc.
- Lotus Herbals Pvt. Ltd.
- VLCC Health Care Limited
- Avon Products, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
- Creams
- Cleanser
- Mask
- Others
By Nature:
- Synthetic
- Natural
- Organic
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
Furthermore, years considered for the study are as follows:
- Historical year - 2018, 2019, 2020
- Base year - 2021
- Forecast period - 2022 to 2028
Target Audience of the Global Skin Lightening Products Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
- Investors
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
- 1.2.1. Skin Lightening Products Market, by Region, 2020-2028 (USD Billion)
- 1.2.2. Skin Lightening Products Market, by Product, 2020-2028 (USD Billion)
- 1.2.3. Skin Lightening Products Market, by Nature, 2020-2028 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Skin Lightening Products Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Skin Lightening Products Market Dynamics
- 3.1. Skin Lightening Products Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
- 3.1.1.1. Rise in demand for skincare
- 3.1.1.2. Launch of new products
- 3.1.2. Market Challenges
- 3.1.2.1. Prevalence of side effects
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing importance of self-care
- 3.1.3.2. Increasing demand for vegan products
Chapter 4. Global Skin Lightening Products Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2028)
- 4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Investment Adoption Model
- 4.4. Analyst Recommendation & Conclusion
- 4.5. Top investment opportunity
- 4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1.1. Assessment of the overall impact of COVID-19 on the industry
- 5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Skin Lightening Products Market, by Product
- 6.1. Market Snapshot
- 6.2. Global Skin Lightening Products Market by Product, Performance - Potential Analysis
- 6.3. Global Skin Lightening Products Market Estimates & Forecasts by Product, 2018-2028 (USD Billion)
- 6.4. Skin Lightening Products Market, Sub Segment Analysis
- 6.4.1. Creams
- 6.4.2. Cleanser
- 6.4.3. Mask
- 6.4.4. Others
Chapter 7. Global Skin Lightening Products Market, by Nature
- 7.1. Market Snapshot
- 7.2. Global Skin Lightening Products Market by Nature, Performance - Potential Analysis
- 7.3. Global Skin Lightening Products Market Estimates & Forecasts by Nature, 2018-2028 (USD Billion)
- 7.4. Skin Lightening Products Market, Sub Segment Analysis
- 7.4.1. Synthetic
- 7.4.2. Natural
- 7.4.3. Organic
Chapter 8. Global Skin Lightening Products Market, Regional Analysis
- 8.1. Skin Lightening Products Market, Regional Market Snapshot
- 8.2. North America Skin Lightening Products Market
- 8.2.1. U.S. Skin Lightening Products Market
- 8.2.1.1. Product breakdown estimates & forecasts, 2018-2028
- 8.2.1.2. Nature breakdown estimates & forecasts, 2018-2028
- 8.2.2. Canada Skin Lightening Products Market
- 8.3. Europe Skin Lightening Products Market Snapshot
- 8.3.1. U.K. Skin Lightening Products Market
- 8.3.2. Germany Skin Lightening Products Market
- 8.3.3. France Skin Lightening Products Market
- 8.3.4. Spain Skin Lightening Products Market
- 8.3.5. Italy Skin Lightening Products Market
- 8.3.6. Rest of Europe Skin Lightening Products Market
- 8.4. Asia-Pacific Skin Lightening Products Market Snapshot
- 8.4.1. China Skin Lightening Products Market
- 8.4.2. India Skin Lightening Products Market
- 8.4.3. Japan Skin Lightening Products Market
- 8.4.4. Australia Skin Lightening Products Market
- 8.4.5. South Korea Skin Lightening Products Market
- 8.4.6. Rest of Asia Pacific Skin Lightening Products Market
- 8.5. Latin America Skin Lightening Products Market Snapshot
- 8.5.1. Brazil Skin Lightening Products Market
- 8.5.2. Mexico Skin Lightening Products Market
- 8.6. Rest of The World Skin Lightening Products Market
Chapter 9. Competitive Intelligence
- 9.1. Top Market Strategies
- 9.2. Company Profiles
- 9.2.1. The Coca-Cola Company
- 9.2.1.1. Key Information
- 9.2.1.2. Overview
- 9.2.1.3. Financial (Subject to Data Availability)
- 9.2.1.4. Product Summary
- 9.2.1.5. Recent Developments
- 9.2.2. L'Oreal S.A.
- 9.2.3. Beiersdorf AG
- 9.2.4. Shiseido Co., Ltd.
- 9.2.5. Procter & Gamble
- 9.2.6. Unilever
- 9.2.7. Himalaya Global Holdings Ltd.
- 9.2.8. Kanebo Cosmetics Inc.
- 9.2.9. Lotus Herbals Pvt. Ltd.
- 9.2.10. VLCC Health Care Limited
- 9.2.11. Avon Products, Inc.
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption