GITNUX MARKETDATA REPORT 2024

Skincare Industry Statistics

The skincare industry is expected to experience continued growth driven by increasing consumer awareness and demand for products that promise anti-aging and skin health benefits.

Statistic 1

"The skincare market is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2021 to 2028."

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Statistic 2

"Consumers aged 18-24 are the most frequent purchasers of skincare products."

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Statistic 3

"Nearly 40% of new skincare products launched in China in 2020 claimed to be natural or organic."

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Statistic 4

"In the United States, skincare sales accounted for $18.7 billion in 2020."

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Statistic 5

"The vegan skincare products market is projected to grow at a CAGR of 6.3% by 2026."

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Statistic 6

"South Korea is known for innovative skincare, holding over 25% of global skincare patents."

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Statistic 7

"Natural beauty products industry to reach $22 billion by 2024."

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Statistic 8

"In 2019, the facial care segment accounted for 60% of the overall skincare market."

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Statistic 9

"The demand for men's skincare products has increased by 22% over the last five years."

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Statistic 10

"The male skincare market is estimated to reach $16.3 billion by 2026."

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Statistic 11

"Organic skincare products command a premium price, often 20-30% more than non-organic counterparts."

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Statistic 12

"The global skincare market size was valued at USD 140.92 billion in 2020."

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Statistic 13

"The Asia Pacific region held the largest revenue share in the global skincare market in 2020."

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Statistic 14

"The online channel for skincare product sales has been growing at a CAGR of over 10%."

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Statistic 15

"The skincare industry's largest segments are facial moisturizers, cleansers, and anti-aging products."

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Statistic 16

"Anti-aging products make up approximately 25% of the global skincare market."

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Statistic 17

"83% of U.S. consumers prefer purchasing from brands with strong sustainability practices."

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Statistic 18

"In 2021, 45% of U.S. consumers reported using beauty and skincare apps."

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Statistic 19

"In 2020, the Asia Pacific market accounted for 37.7% of the global skincare revenue."

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Statistic 20

"UV protection products have seen increased demand, growing at a CAGR of 5.8%."

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