Skin Lightening Products Market Forecasting Essentials: Interpreting CAGR and USD Projections Accurately 2021-2031

China was the most prominent country in the skin lightening products market in Asia-Pacific is projected to reach $2,400.4 million by 2031.

WILMINGTON, DE, UNITED STATES, December 13, 2024 /EINPresswire.com/ -- Allied Market Research published a report, titled, "Skin Lightening Products Market by Product (Creams and Lotions, Cleansers and Toners, Masks, Others), by Gender (Men, Women), by Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, Pharma and Drug Stores, Online Sales Channel, Others): Global Opportunity Analysis and Industry Forecast, 2022-2031". According to the report, the global skin lightening products industry generated $7.05 billion in 2021, and is anticipated to generate $14.60 billion by 2031, witnessing a CAGR of 7.7% from 2022 to 2031.

Prime determinants of growth

Change in lifestyle, surge in disposable income, rise in need for skin care products, increase in demand for natural ingredients in skin care products, and change in packaging styles & attractive marketing strategies drive the growth of the global skin lightening products market. However, rise in awareness regarding the side effects of chemical-based cosmetics and reduction in free trade between countries restrict the market growth. Moreover, increase in social media marketing present new opportunities in the coming years.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭:- https://www.alliedmarketresearch.com/request-sample/17250

The hypermarkets/supermarkets segment to maintain its lead position during the forecast period

Based on distribution channel, the hypermarkets/supermarkets segment accounted for the largest share in 2021, contributing to more than one-third of the global skin lightening products market, and is projected to maintain its lead position during the forecast period. This is owing to the availability of a broad range of consumer goods under a single roof, with ample parking space and convenient operation timings. However, the online sales segment is expected to portray the largest CAGR of 10.2% from 2022 to 2031. Rise in penetration of various online portals in developing regions and an increase in number of offers and discounts attracts consumers to purchase cosmetic products through online channels, which drives the segment.

The creams and lotions segment to maintain its leadership status throughout the forecast period

Based on product, the creams and lotions segment held the highest market share in 2021, accounting for nearly half of the global skin lightening products market, and is estimated to maintain its leadership status throughout the forecast period. People face skin problems in day to day life so there are a huge number of creams and lotions available in the market. It is seen that people often choose creams and lotion over other products as they contain skin lightening feature. However, the cleansers and toners segment is projected to manifest the highest CAGR of 9.0% from 2022 to 2031, owing to its wide usage in removing makeup without any harm to the skin.

The women segment to maintain its leadership status throughout the forecast period

Based on gender, the women segment held the highest market share in 2021, accounting for nearly three-fourths of the global skin lightening products market, and is estimated to maintain its leadership status throughout the forecast period, owing to the rise in beauty-conscious female population. However, the men segment is projected to manifest the highest CAGR of 8.5% from 2022 to 2031. With increase in per capita income and rise in purchasing power, male consumers globally have become more conscious regarding skin care products, which leads to rapid growth of the global product market.

Asia-Pacific to maintain its dominance by 2031

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2021, accounting for more than half of the global skin lightening products market, and is expected to lead the trail throughout the forecast period. Moreover, the same region is expected to witness the fastest CAGR of 8.7% from 2022 to 2031. Rise in awareness regarding natural skin care products has led to the rise in demand for natural skin lightening products in Asia-Pacific. Increase in use of skin care products in countries such as India and China are major growth factors for the skin lightening products market in the region.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐚𝐭:- https://www.alliedmarketresearch.com/purchase-enquiry/17250

Leading Market Players: -
Avon Products, Inc.
Kao Corporation
L'Oréal S.A.
Oriflame Cosmetics S.A.
Revlon, Inc.
Shiseido Company, Limited
Skin Food Co., Ltd.
The Estée Lauder Companies Inc.
The Procter& Gamble Company
Unilever Plc

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐀𝐌𝐑'𝐬 𝐄𝐱𝐭𝐞𝐧𝐬𝐢𝐯𝐞 𝐨𝐧𝐠𝐨𝐢𝐧𝐠 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐨𝐧 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐚𝐧𝐝 𝐆𝐨𝐨𝐝𝐬 𝐃𝐨𝐦𝐚𝐢𝐧
𝐁𝐚𝐦𝐛𝐨𝐨 𝐓𝐨𝐨𝐭𝐡𝐛𝐫𝐮𝐬𝐡 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/bamboo-toothbrush-market-A11176
𝐕𝐢𝐫𝐭𝐮𝐚𝐥 𝐄𝐯𝐞𝐧𝐭𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/virtual-events-industry-market-A06596

David Correa
Allied Market Research
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