Skin Lightening Agents Market Projected to Reach $504.7 Million by 2030 amid Evolving Consumer Preferences
Global Market for Skin Lightening Agents
Dublin, Jan. 10, 2024 (GLOBE NEWSWIRE) -- The "Skin Lightening Agents: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
This Global Strategic Business Report on Skin Lightening Agents reveals a steady growth trajectory for the industry, expected to surge at a CAGR of 6.3% through 2030. This comprehensive analysis forecasts a considerable uptick in market value from the $308.8 Million mark of 2022 to an impressive $504.7 Million by the end of the decade.
Robust Expansion in the United States and China
With a current valuation of $84.1 Million, the United States remains a significant player in the skin lightening sector. Concurrently, China is anticipated to demonstrate robust growth, on track to reach $111.2 Million by 2030, propelled by an impressive 10% CAGR from 2022.
Market Dynamics Across Multiple Regions
Other geographical markets, such as Japan and Canada, are set to witness growth rates of 3.6% and 4.9%, respectively, over the forecast period. Europe, led by Germany, shows potential, with a projected 4.6% CAGR.
Diverse Market Landscape and Competitive Scenario
-
Substantial Coverage: The report highlights critical aspects such as the impact of the Russia-Ukraine conflict, global inflation indicators, China's shift in Covid-19 policy, supply chain challenges, international trade tensions, and recession risks.
-
Competitive Insights: A detailed examination of global competitiveness with a sharp focus on key players' market shares is included, offering a lens into the market's competitive landscape.
-
Geographical Footprint: The research delves into firms' presence across varied geographies, identifying entities with a Strong, Active, Niche, or Trivial footprint in the market.
-
Interactive Updates: The publication provides access to bespoke peer-to-peer collaborative updates and a comprehensive research platform to enable informed decision-making.
Key Attributes:
Report Attribute | Details |
No. of Pages | 96 |
Forecast Period | 2020 - 2027 |
Estimated Market Value (USD) in 2020 | $287.5 Million |
Forecasted Market Value (USD) by 2027 | $418.9 Million |
Compound Annual Growth Rate | 5.5% |
Regions Covered | Global |
A selection of companies mentioned in this report includes
-
Avon Products Inc.
-
Beiersdorf AG
-
Himalaya Global Holdings Limited
-
L`Oréal S.A
-
Lotus Herbals Private Limited
-
Procter and Gamble Company
-
Shiseido Company
-
Unilever PLC.
-
VLCC Health Care Limited
For more information about this report visit https://www.researchandmarkets.com/r/xqpvw1
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.