06.16.16
According to recent research, Technavio analysts have forecast the global skin care products market to exceed $147 billion by 2020.The research study covers the present scenario and growth prospects of the global skin care products market for 2016-2020.
According to the firm, the market will grow at a steady pace during the forecast period, driven by a growing product awareness and an increase in disposable income worldwide. The rise in consumer spending on premium products has also been an important contributor to revenue growth.
Technavio consumer and retail analysts highlight the following four factors that are contributing to the growth of the global skin care products market: Demand for skin lightening products; demand for natural and organic products; rising demand for anti-aging products; and high demand for men's skin care products.
According to the firm, the market will grow at a steady pace during the forecast period, driven by a growing product awareness and an increase in disposable income worldwide. The rise in consumer spending on premium products has also been an important contributor to revenue growth.
Technavio consumer and retail analysts highlight the following four factors that are contributing to the growth of the global skin care products market: Demand for skin lightening products; demand for natural and organic products; rising demand for anti-aging products; and high demand for men's skin care products.
