New York, Jan. 27, 2025 / PRNewswire – The global beauty and skincare market is expected to grow by $101.9 billion between 2025 and 2029, according to Technavio, an AI-powered market development report. During the forecast period, the market is expected to grow at a CAGR of 9.5%. The growth of the population in the 30-50 age group is driving the market, along with an increasing preference for organic cosmetics and cosmeceuticals. However, the high cost of beauty products poses a challenge.
Major market players include AmorePacific Group, Beiersdorf AG, Chanel AG, Kramer Cosmetics Co., Colgate-Palmolive Co., Gailatri Herbs Pte LTD., Clarins Group, Hindustan Unilever LTD., Kanebol Cosmetics Co., Kenway Brands Co., LTD., L ‘Oreal Group, Moet Hennessy – Louis Vuitton Group, Natura and Co Holding SA, Nutriglow Cosmetics Pte LTD, Orienne Cosmetics, Revlon, Shiseido Limited, The Body Shop International Limited, Estee Lauder Companies and Procter & Gamble.
The beauty and skin care market is showing a significant trend. Acne and dark spots are top consumer concerns. Companies such as Avon and Unilever have introduced affordable skincare solutions. Beauty retailers and cosmetics stores are stocking innovative products such as anti-aging serums, sunscreens and brightening creams. Self-care products, including face masks and toners, are also popular.
Environmental factors such as pollution and UV rays are damaging the skin, which has led to the demand for anti-pollution serums and sunscreen lotions. Consumers are looking for natural and organic ingredients, and labels such as “vegan” and “organic” are becoming increasingly important. Population growth and urbanization are driving the market, and people are increasingly seeking self-care and skin radiance.
Innovative products like moisturizing hyaluronic acid creams and exfoliating scrubs are protecting the skin from the harsh environment. Brands such as Biologi and Natura are using raw materials from deserts and wild-gathered extracts to create natural, restorative skincare products. The advertising campaign focuses on the importance of protecting skin from the effects of blue light and tanning. Sensitivities, skin problems, and rashes are also addressed with gentle cleansing and moisturizing creams. Eye creams, loose powders and masks are some of the many treatments available in beauty salons and shopping malls. Overall, the beauty and skincare market is adapting to consumer demand by offering a wide range of affordable, natural and effective self-care products.
Due to growing concerns about toxic compounds in traditional cosmetics, consumers are turning to organic and chemical-free cosmetics and cosmeceuticals. These products, which do not contain harsh chemicals or bioactive compounds with potential health risks, are gaining popularity. Parabens and phthalates, commonly used in chemical cosmetics, have been linked to cancer and type 2 diabetes.
In response, manufacturers are turning to natural raw materials such as neem extract, soy, fish oil, aloe vera and guar gum to produce organic skin care products. This shift reflects the growing demand for safer and healthier skin care solutions.
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