INDUSTRIES & MARKETS
Skin Care: market data
& analysis
Market Insights report
October 2024
STATISTA MARKET INSIGHTS
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STATISTA MARKET INSIGHTS
Market Insights – market data,
forecasts, and qualitative insights
The Skin Care market is part of the Beauty & Personal
Care market.
Go to Beauty Personal Care market
10 190+ 1,000+ 400+
Go to Beauty & Personal Find out more on: sectors geographical markets reports
Care market Beauty & Personal Care
entities
3
Table of Contents
Overview Appendix
Market Definition 6 Product Overview 21
Key Takeaways 7 Author 22
Market Scopes 8
Market Numbers
Revenue of the whole market 10
Revenue 11
Average Revenue per Capita 14
Brand Share 17
Online Revenue Share 18
Mobile/Desktop Split 19
4
CHAPTER 1
Overview
Explore the key trend driving the global Skin care market growth
Overview: Market Definition
Market definition
Definition: sun lotions.
Skin Care includes cosmetic products designed for care and protection of the The Baby & Child cover products designed for the young and for the protection of
skin. These cover all types of creams and lotions for face, hand and foot care as their skin. These incorporate baby lotion, baby oil, baby powder and sunscreen
well as sunscreen. The products are not used for decorative purposes. Excluded for babies and children.
are skin treatment products with a health focus, e.g. acne treatments, which are
The Natural Skin Care covers cosmetic products designed for care and protection
shown in the Consumer Market Outlook as part of OTC Pharmaceuticals.
of the skin. These cover all types of creams and lotions for face, hand and foot
Structure: care as well as sunscreen. The products are made from natural ingredients and
designed to contain low or minimal amounts of synthetic chemicals content.
The market consists of 5 different segments:
Additional Information:
The Face Skin Care covers cosmetic products designed for care and protection of
the face covering face and eye creams, face scrubs, masks and lip balms. The market comprises revenue, average revenue per capita, sales channel, and
luxury share. The market encompasses retail sales through both online and
The Body segment includes cosmetic products designed for care and protection
offline sales channels to private end customers (B2C). For more information on
of the skin. These incorporate all types of creams and lotions for the body,
the displayed data, click the info button on the right side of each box.
massage oil, hand and foot care.
The Sun Protection market includes cosmetic products used for sun protection of
the skin. These incorporates all types of adult sunscreens, sun sprays and after
Sources: Statista Market Insights 2024
Skin care market revenue reached US$ 182.9bn globally in 2023 with a growth
rate of 2.9% expected through 2029
Overview: Key Takeaways
Key Takeaways
• In 2024, the Skin Care market is projected to generate a revenue of US$188.60bn worldwide.
• It is anticipated to experience an annual growth rate of 2.94% (CAGR 2024-2029).
• When compared globally, the United States leads the market, generating a revenue of US$23,590m in 2023.
• Looking at the per capita figures, in 2023, each person contributed US$23.81 to the total revenue in the Skin Care market.
• In the worldwide skin care market, South Korea leads the way with their innovative and effective beauty products.
Sources: Statista Market Insights 2024
Market scope parameters and considerations
Overview: in scope / out of scope
In scope Out of scope
This market includes: This market excludes:
• Creams & lotions • Decorative cosmetics
• Sunscreen • Professional products & services
• Eye & hand cream • Skin treatment products (e.g. acne treatment)
• Baby & child skin care
Sources: Statista Market Insights 2024
CHAPTER 2
Market Numbers
The Skin Care represented 29.15% of the Beauty & Personal Care market in
2023
Market Size: Global
Revenue forecast in billion US$
+2.9%(1) 740.50
10.53 756.05
723.86
694.69
530.79 670.21 9.46
9.96
67.73 69.01 10.87
627.42 648.56 66.42
8.56 8.99 63.96
9.51 581.90 8.23 61.99
559.35 559.71 58.21 60.13 128.89 132.35
550.47 46.54 7.89 125.42
6.92 7.23 8.46 53.44 113.21 118.55
53.08 53.28 50.58 103.82 108.42
89.89 80.74 93.06
87.59 72.37 213.72 218.01
201.00 209.04
188.58 194.32
182.91
160.04 163.79 158.45 164.36 168.62
291.70 301.72 313.02 319.63 325.81
242.84 245.16 243.92 255.57 258.89 274.25 282.87
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Personal Care Skin Care Cosmetics Fragrances Beauty Tech
10 Notes: (1) CAGR: Compound Annual Growth Rate
Sources: Statista Market Insights 2024
Skin care market revenue forecast to climb steadily by 2029, reflecting robust
consumer demand
Market Size: Global
Revenue forecast in billion US$
+2.9%(1) 213.72 218.00
209.04
201.00 5.69
194.32 5.53 13.55 13.90 5.83
182.91 188.58 5.28 13.20
4.84 5.05 12.47
168.63 4.65 11.95 27.55 27.61
163.78 164.36 10.83 11.52 27.50
160.03 158.44 4.29 27.44
3.93 4.03 4.14 9.79 27.28 27.38
9.66 9.76 7.78 3.90 8.28 27.23 37.39
35.86 36.65
26.66 27.97 25.09 34.44
25.38 29.75 32.17 33.23
31.26
28.16 27.49 28.92
27.80 26.25
126.95 130.28 133.27
112.77 116.71 121.37
100.54 108.94
93.26 95.17 90.76 96.48
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Face Skin Care Body Natural Skin Care Sun Protection Baby & Child
11 Notes: (1) CAGR: Compound Annual Growth Rate
Sources: Statista Market Insights 2024
Asia is projected to lead in Skin care market revenue by 2029 compared to other
regions
Market Size: Regional Comparison (1/2)
Revenue forecast in billion US$
+3.0%(1)
101.88
85.52
+1.7%(1) +3.1%(1)
44.97 45.26
40.54 +5.3%(1)
37.59
23.03 +3.3%(1)
16.90
2.36 2.86
2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
Europe Africa Americas Asia Australia & Oceania
12 Notes: (1) CAGR: Compound Annual Growth Rate
Sources: Statista Market Insights 2024
The United States is projected to lead in the Skin care market revenue by 2029,
outperforming other selected countries
Market Size: Regional Comparison (2/2)
Revenue forecast in billion US$
+2.8%(1)
+4.3%(1)
27.79
26.67
23.59
20.70
+1.0%(1) +0.6%(1)
+1.7%(1)
5.83 6.19 5.41
4.57 5.07 5.23
2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
China United States United Kingdom Germany France
13 Notes: (1) CAGR: Compound Annual Growth Rate
Sources: Statista Market Insights 2024
Skin care market sees a promising rise with an increase in average revenue per
capita, projecting robust growth by 2029
Market Size: Global
Average revenue per capita forecast in US$
+2.0%(1)
26.71 27.06
26.33
24.87 25.51
24.34 0.70 0.71 1.73 0.72
23.81 0.65 0.67 1.66 1.69
22.11 0.61 0.63 1.53 1.58
21.74 22.03 21.72 1.49 3.43
21.11 1.41 3.46 3.44
0.53 0.54 0.55 0.56 3.48
1.31 1.31 0.52 1.09 1.28 3.52 3.50
1.04 3.54
3.45 3.59 3.70 3.29 4.52 4.58 4.64
3.96 4.25 4.37
4.07 4.15
3.78 3.79 3.63 3.79
3.50
15.41 15.99 16.29 16.54
14.18 14.55 14.94
12.67 12.80 12.09 12.75 13.19
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Face Skin Care Body Natural Skin Care Sun Protection Baby & Child
14 Notes: (1) CAGR: Compound Annual Growth Rate
Sources: Statista Market Insights 2024
Australia & Oceania set to lead in average revenue per capita in the Skin care
market by 2029, surpassing other selected regions
Market Size: Regional Comparison (1/2)
Average revenue per capita forecast in US$
+2.2%(1)
+1.8%(1) 62.50
53.39 +2.5%(1) 54.88
48.03
43.18
37.21
+2.4%(1)
+3.0%(1)
21.80
18.93
15.89
13.30
2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
Europe Africa Americas Asia Australia & Oceania
15 Notes: (1) CAGR: Compound Annual Growth Rate
Sources: Statista Market Insights 2024
France set to lead in Skin care market by 2029 with the highest average revenue
per capita compared to other countries
Market Size: Regional Comparison (2/2)
Average revenue per capita forecast in US$
+0.4%(1)
+2.2%(1)
+1.4%(1) +1.1%(1)
80.82 82.68
79.27
73.48 74.68
69.40 67.54 69.96
+4.4%(1)
18.71
14.45
2023 2029 2023 2029 2023 2029 2023 2029 2023 2029
China United States United Kingdom Germany France
16 Notes: (1) CAGR: Compound Annual Growth Rate
Sources: Statista Market Insights 2024
In 2023, CeraVe had the highest share in Skin Care
Further Market Analysis
Brand share in 2023
17
Sources: Statista Market Insights 2024
In the Skin Care market, online revenue share reached 20.0% in 2023
Further Market Analysis
Online revenue share
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
13.00% 14.00%
19.00% 23.00% 21.00% 20.00% 22.00% 24.00% 26.00% 27.00% 28.00% 29.00%
87.00% 86.00%
81.00% 77.00% 79.00% 80.00% 78.00% 76.00% 74.00% 73.00% 72.00% 71.00%
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
Offline Revenue Share Online Revenue Share
18
Sources: Statista Market Insights 2024
In the Skin Care market, mobile revenue share reached 60.0% in 2023
Further Market Analysis
Mobile/Desktop split
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
43.00% 47.00% 51.00% 52.00% 55.00% 57.00% 60.00% 62.00% 64.00% 66.00% 68.00%
57.00% 53.00% 49.00% 48.00% 45.00% 43.00% 40.00% 38.00% 36.00% 34.00% 32.00%
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Desktop Revenue Share Mobile Revenue Share
19
Sources: Statista Market Insights 2024
CHAPTER 3
Appendix
STATISTA MARKET INSIGHTS
Market Insights – market data,
forecasts, and qualitative insights
Gain a better understanding of markets across 190+ geographical entities – on a global,
regional, country, and/or state level. Access our data via web interface, download (XLS, PDF,
PPT), or reports. Benefit from our 48-hour customer service guarantee.
• 10 sectors: advertising & media, consumers, countries, digital sector,
finance, health, industrial sector, mobility, and technology
• 1,000+ markets, e.g., FinTech, Food, or Robotics
• KPIs, e.g., revenue, market shares, prices, and volume
• Features: Compare countries & regions, change currencies, select
visualizations, and/or customize downloads
• Use cases: sales planning, investment decision support, resource
allocation, and portfolio management
Go to Market Insights
10 190+ 1,000+ 400+
Find out more on: sectors geographical markets reports
Go to Market Insights https://www.statista.com/outlook/
entities
21
Author
Mariana Oliveira
Junior Analyst
mariana.olivera@statista.com
Mariana Oliveira studied Statistics and Epidemiology at the University of Sao Paulo
in Brazil (M.Sc.) and Data Analytics at CareerFoundry data tech school. In the
Consumer Market Insights, she is mainly responsible for Beauty & Personal Care
and Luxury Goods markets.
22
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