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Skin Lightening Product Market Trends

  • Report ID: GMI8200
  • Published Date: Feb 2024
  • Report Format: PDF

Skin Lightening Product Market Trends

There has been a noticeable shift in consumer preferences toward products containing natural and safer ingredients. This trend is partly influenced by the growing awareness of the potential health risks associated with certain chemical compounds, such as hydroquinone and mercury, which are common in traditional skin-lightening products. In many cultures, fair skin is associated with beauty, success, and social status. This cultural preference drives the demand for skin-lightening products, particularly in regions where fair skin is highly valued. Skin issues, such as hyperpigmentation, dark spots, and uneven skin tone, are common concerns among consumers. Skin-lightening products offer a solution to these problems, fostering their market demand.
 

Additionally, advertising campaigns by beauty companies often promote fair skin as the epitome of beauty, leading to the popularity of skin-lightening products. Celebrity endorsements and influencer marketing also play a significant role in driving consumer interest in these products. Advancements in skincare technology have led to the development of more effective and safer skin-lightening ingredients & formulations. Consumers are increasingly drawn to products that promise visible results without harmful side effects.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Skin lightening product industry size was USD 15 billion in 2023 and is anticipated to witness over 8.7% CAGR from 2024 to 2032, due to the growing need for non-invasive cosmetic procedures, such as laser treatments & chemical peels

Skin lightening product market from the cream & lotion product type segment reached USD 7 billion in 2023 owing to their convenience of use at home without professional assistance

The nature synthetic segment held 54% of the skin lightening product market share in 2023, due to the rising need to provide consistent results and offer greater stability compared to their natural counterparts

Asia Pacific skin lightening product market size was USD 8.3 billion in 2023, on account of the rising middle-class population and surging disposable incomes in China, India & other Southeast Asian countries

Skin Lightening Product Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 232
  • Countries covered: 22
  • Pages: 203
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