Professional Skincare Market analysis is provided for global market including development trends by regions, competitive analysis of Professional Skincare market.
We provide latest and updated Market report which are helpful to Investors and someone who wants to invest in Industry. Professional Skincare Market report provides detailed analysis and competitive analysis by region and other main information like a manufacturing process, raw material, and equipment suppliers, various manufacturing associated costs, historical & futuristic cost, revenue, demand and supply data, the actual process. Professional Skincare Market report offers a detailed analysis of the industry, with market size forecasts covering the next four years.
Market Segment by Manufacturers, this report covers
Avon Products Inc, Nimue Skin Technology Pty Ltd, Unilever, Beiersdorf Ag, Clarins, Lâoreal S.A.
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Professional Skincare Market Segment by Regions, regional analysis covers
In 2017, the professional skin care market in South Africa was valued at USD 581.7 million and is expected to reach a value of USD 839.2 million by 2023, registering a CAGR of about 6.3% during 2018 – 2023 (the forecast period). The scope of this report incorporates market segmentation on the basis of product type, which include anti-aging, acne control, hyper pigmentation, facial moisturizers, and anti- cellulite segments.
Growing Demand for Skin Care Products in South Africa
The usage of professional skin care products over regular cosmetics is increasing. From 2006 to 2015, there has been a rapid expansion of population and an increase in the number of people aged above 40 years. In addition, the percentage of natural ingredients in products are also increasing. Increasing skincare and cosmetic products, in particular, among the aging population, is expected to create revenue-generating opportunities for the enterprises operating in this industry by 2023.
When it comes to beauty and personal care, South Africans spend quite little on grooming and skincare products, such as anti-aging, anti-acne, and anti-cellulite. Cosmetic products manufacturing is a thriving market in the country. There is an ever-growing section of consumers demanding the worldâs best skincare products. Generally, the population prefers low-priced goods imported from Europe and America. South African women spend an average 2% of their income on cosmetics. Although the market is highly competitive, there is a steady growth in several sectors of the beauty and personal care industry, like body and facial lotions, skin anti-aging creams, and skin cosmeceuticals. South Africans are found to prefer ânaturally-extractedâ wellness products.
Working Population is the Key Consumer Base for Anti-aging
In South Africa, nearly 33% of the population is between the ages 30-59 years and working, which is the key consumer base for anti-aging treatments and products. The market potential for anti-aging products among this segment is negatively affected by the growing unemployment in the country. The increasing number of women in the work force of South Africa is providing a major boost to the market, as this section has shown a considerable interest in such treatments and products.
Key Developments in the Market
â¢ March 2017: Nimue adopted an approach to create anti-ageing skin care products. This includes a scientific understanding of the ageing process and what triggers it, as well as utilising a scientific selection of active ingredients that are used in ideal combinations and at optimal concentrations.
Reasons to Purchase this Report
â¢ Current and future of South African professional skin market outlook
â¢ Analyzing various perspectives of the market with the help of Porterâs five forces analysis
â¢ The segment that is expected to dominate the market
â¢ Regions that are expected to witness fastest growth during the forecast period
â¢ Identify the latest developments, market shares and strategies employed by the major market players.
â¢ 3 months analyst support along with the Market Estimate sheet (in excel).
Customization of the Report
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By knowing the potential of Professional Skincare Market In Future, we come up with Professional Skincare Maret Research Report to provide Investors to achieve their goals in their respective field all over the world. The Professional Skincare Market Report focuses on providing the best returns of investment to investors. This report gives an overview of the Professional Skincare market in the global region. This report elaborate Company Competition, Market demand, Regional Forecast, Marketing & Price and also New investment feasibility analysis is included in the report.