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Global Skincare Market Projected to Reach $220.75 Billion by 2029

The skincare market has shifted towards “clean” and natural ingredients.

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By: Lianna Albrizio

Associate Editor

The global skincare market – valued at $154.88 billion in 2023 – is projected to reach $220.75 billion by 2029, rising at a CAGR of 6.08%, per a new report from ResearchAndMarkets.com. The global skincare market is fragmented, analysts say, with diverse players ranging from multinational corporations to niche brands. Major multinational corporations such as L’Oréal, Estée Lauder, Procter & Gamble, Unilever, LVMH, Beiersdorf’s and others dominate the global skincare market with...

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