In 2022, the market for skincare serums is expected to be worth USD 3.1 billion. By the end of the forecast period, or in 2032, the market is anticipated to achieve a valuation of USD 6.28 billion. The market for skincare serums is anticipated to expand at a CAGR of 7.4% during the assessment period.
The market demand for skincare serums is being driven by an increase in skin conditions like acne, open pores, and blemishes. There is expected to be an increase in moisturizing serums, acne-fighting serums, and anti-aging serums to address skin concerns. The demand for skin care regimens has grown recently as a result of rising health consciousness and rising individual incomes. The retail industry’s observed positive growth trajectories are propelling sales of beauty and personal care products.
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Market Players: –
- EMK Products LLC
- IT Cosmetics LLC
- Crop Infrastructure Corp
- Philosophy Inc
- First Aid Beauty Ltd
- Philosophy Inc
- Loral Group
- Ester Lauder Companies
- Amway
Key partners in Market including industry players, policymakers, and financial backers in different nations have been persistently realigning their systems and ways to deal with carry out them to take advantage of new open doors. Numerous lately have updated their procedures to stay coordinated in the setting of overall disturbances brought about by the COVID-19 pandemic.
Competitive landscape
The global skin care products industry is consolidated and has centered around a few global market players. Brand expansion and product portfolio increment are common business tactics applied by major companies. Mergers and acquisitions are increasing in the industry which is upheld by major players.
- In June 2021, Unilever and Paul Choice a digital-led skin care company joined hands to get the benefit of direct-to-consumer channels. These companies are targeting to reach a maximum number of people.
- In May 2021, Estee Lauder Companies are partnering with Uber Eats for delivery of cosmetic products in the simultaneous order along with food.
Skincare Serums Market: Segmentation
The global skincare serums market can be segmented on the basis of product type, skin type, gender, ingredient, distribution channel, and geography. For more insights, request a sample of this report.
- By Product Type :
- Anti-Aging Serum
- Skin Whitening Serum
- Anti-Acne Serum
- Glowing Skin Serum
- Anti-Blemish Serum
- Others
- By Skin Type :
- Dry Skin
- Sensitive Skin
- Oily Skin
- By Gender :
- Female
- Male
- By Ingredients :
- Hyaluronic Acid
- Vitamin C
- Retinol (Vitamin A)
- Alpha Hydroxy Acids (AHAs)
- Vitamin E
- DMAE (Dimethylaminoethanol)
- Peptides
- Glycerin
- Others
- By Distribution Channel :
- Institutional Sales
- Hospitals
- Dermatology Clinics
- Retail Sales
- Drug Stores
- Retail Stores
- Super Market
- Online Pharmacies
- Institutional Sales
- By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
How Fact.MR Assists in Making Strategic Moves?
The data provided in the Skincare Serums Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.