Report : Europe Skin Care Products Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type (Creams & Lotions, Cleansers, Serums, and Others), Category (Organic and Conventional), End User (Men, Women, and Others), and Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, Online Retail, and Others)
Conventional Segment to Dominate Europe Skin Care Products Market During 2021–2028
According to a new market research study on “Europe Skin Care Products Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type, Category, End User, and Distribution Channel” is expected to reach US$ 53,030.01 million by 2028 from US$ 31,890.51 million in 2021. The market is estimated to grow at a CAGR of 7.5% from 2021 to 2028. The report provides trends prevailing in the Europe skin care products market along with the drivers and restraints pertaining to the market growth. Rising demand for organic skin care products and growing consumption of anti-aging products are the major factor driving the growth of the Europe skin care products market. However, concerns around PFAS chemicals found in skin care products hinder the growth of Europe skin care products market.
The Europe skin care products market is segmented based on product type, category, end user, distribution channel, and country. Based on product type, the Europe skin care products market is segmented into creams & lotions, cleansers, serums, and others. The creams & lotions segment dominated the market in 2020 and serums segment is expected to be fastest growing during forecast period. Based on category, the Europe skin care products market is segmented into organic and conventional. The conventional segment dominated the market in 2020 and organic segment is expected to be fastest growing during forecast period. Based on end user, the Europe skin care products market is segmented into men, women, and others. The women segment dominated the market in 2020 and men segment is expected to be fastest growing during forecast period. Based on distribution channel, the Europe skin care products market is segmented into supermarkets & hypermarkets, specialty stores, online retail, and others. The specialty stores segment dominated the market in 2020 and online retail segment is expected to be fastest growing during forecast period. Based on country, the Europe skin care products market is segmented into the UK, Germany, France, Italy, Russia, and rest of Europe.
Avon Products; Beiersdorf; Himalaya Wellness Company; Johnson & Johnson Services, Inc; L’Oréal Groupe; Procter & Gamble; Shiseido Co.,Ltd.; Unilever; and VLCC Wellness are among the leading companies in the Europe skin care products market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, L’Oréal signed an agreement to acquire Youth to the People.
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