Skin Lightening Products
Skin Lightening Products Market Forecasts to 2030 - Global Analysis By Product Type (Soaps, Cleansers, Peels & Scrubs, Face Masks, Serums & Toner, Creams & Lotions, Pills & Supplements, Cosmetic Procedures and Other Product Types), Active Ingredient, Distribution Channel, Application, End User and By Geography
According to Stratistics MRC, the Global Skin Lightening Products Market is accounted for $11.4 billion in 2023 and is expected to reach $18.9 billion by 2030 growing at a CAGR of 7.5% during the forecast period. Skin lightening products are cosmetic solutions designed to reduce melanin production, aiming to lighten skin tone. These products often contain ingredients like hydroquinone, kojic acid, and arbutin, which inhibit melanin synthesis. While some people use them to address hyperpigmentation or dark spots, their widespread use raises concerns.
According to a SkinStore report, on average, Americans spend USD 322.88 on skincare per year. Hence, the market in the region will witness substantial growth in the foreseeable future.
Market Dynamics:
Driver:
Growing beauty standards
Social pressures and media influence contribute to the market's expansion as consumers seek products to achieve a perceived ideal complexion. This trend drives innovation, with manufacturers developing advanced formulations. However, there's a simultaneous rise in concerns about fairness standards promoting unrealistic ideals, leading to a shift in societal attitudes. Additionally, some consumers now prioritize inclusivity and celebrate diverse skin tones, challenging the traditional dominance of skin lightening products.
Restraint:
Harmful side effects
Adverse reactions, including skin irritation and damage, have eroded consumer trust, resulting in a negative impact on market demand. Increasing awareness of health risks and regulatory scrutiny on ingredients like hydroquinone further contribute to a decline in product credibility. Consumers are now prioritizing safety, shifting towards natural alternatives, and steering the beauty industry towards more ethical and sustainable practices which is hampering the market growth.
Opportunity:
Growing demand for natural and organic cosmetics
Consumers, increasingly conscious of health and environmental concerns, seek products with fewer chemicals. This shift has prompted a rise in the demand for natural and organic alternatives in the skincare industry. Consequently, traditional skin lightening products containing harsh chemicals face challenges as consumers prioritize safer and sustainable options. The market adapts by incorporating natural ingredients, promoting transparency, and emphasizing ethical practices.
Threat:
Lack of long-term efficacy
Products offering temporary results contribute to disillusionment among users, leading to diminished market demand. As consumers seek enduring solutions, the market struggles to retain its appeal. The challenge lies in addressing the gap between short-term outcomes and sustained effectiveness. To thrive, the industry must innovate and develop formulations that deliver lasting results, meeting the evolving expectations of consumers who prioritize products capable of providing consistent and enduring benefits over time.
Covid-19 Impact
Lockdowns, economic uncertainties, and increased awareness of health and wellness led to a decline in demand for cosmetic products, including skin lightening products. Disruption in the supply chain, production delays, and reduced consumer spending further hampered market growth. Additionally, the pandemic prompted a societal reevaluation of beauty standards, promoting a more inclusive and natural approach to skincare.
The tyrosinase inhibitors segment is expected to be the largest during the forecast period
The tyrosinase inhibitors segment is estimated to have a lucrative growth, due to its pivotal role in inhibiting melanin production. This results in a lighter skin tone, addressing issues like hyperpigmentation and uneven skin tone. The use of tyrosinase inhibitors has significantly impacted the skin lightening products Market by offering effective solutions for individuals seeking brighter and more uniform skin. As consumers increasingly prioritize skincare, the demand for these products has surged, driving market growth.
The hyperpigmentation segment is expected to have the highest CAGR during the forecast period
The hyperpigmentation segment is anticipated to witness the highest CAGR growth during the forecast period, as consumers seek effective solutions to address uneven skin tone, dark spots, and discoloration, contributing to the market's expansion. Manufacturers respond by developing innovative formulations targeting hyperpigmentation, incorporating ingredients like hydroquinone, kojic acid, and vitamin C. As awareness and societal emphasis on skin aesthetics increase, the skin lightening products Market
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the rising preference for safer and less invasive choices to cosmetic surgeries, and increasing beauty awareness in the region. India and China are expected to boost the market as spending on skin care products is increased in these countries. The Chinese women are more conscious about their beauty and this is due to that their skin is attentive to many skin-related issues. Many female consumers are dropping until 40% of their annual salary on high-end skincare products.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the presence of established skin-lightening product manufacturers in North America, such as Procter & Gamble and Unilever, along with the growing infrastructure facilities for retailers, is expected to support the growth of the market in the region. Further, consumers from the U.S. and Canada are willing to pay a high price for a youthful appearance along with brighter and glowing skin.
Key players in the market
Some of the key players in the Skin Lightening Products Market include Beiersdorf AG, L’Oréal S.A., Unilever, Himalaya Global Holdings Ltd., Lotus Herbals Pvt. Ltd., VLCC Health Care Limited, Avon Products, Inc., Kanebo Cosmetics Inc., Procter & Gamble, Shiseido Co., Ltd., KAO Corporation, Estee Lauder, Revlon In, Oriflame Cosmetics S.A, Kaya Skin Clinic., Kiehls, Rozge Cosmeceutical, Civant LLC, Emami ltd and Bio Veda Action Research Co.
Key Developments:
In January 2024, L’Oréal to acquire Gjosa, environmental water tech startup behind breakthrough Water Saver innovations, the patented water fragmentation technology in the L’Oréal Professionnel Water Saver by Gjosa allows hair salons to reduce water consumption at the backbar
In January 2024, L'Oréal Groupe unveils Airlight Pro, a breakthrough professional-grade hair drying tool that cares for the hair and for the planet at CES® 2024. AirLight Pro uses a combination of infrared-light technology and wind to care for the hair with visually smoother and hydrated hair.
Product Types Covered:
• Soaps
• Cleansers
• Peels & Scrubs
• Face Masks
• Serums & Toner
• Creams & Lotions
• Pills & Supplements
• Cosmetic Procedures
• Other Product Types
Active Ingredients Covered:
• Tyrosinase Inhibitors
• Antioxidants
• Exfoliating Agents
• Other Active Ingredients
Distribution Channels Covered:
• Supermarkets & Hypermarkets
• Pharmacies & Drugstores
• Online Channels
• Other Distribution Channels
Applications Covered:
• Hyperpigmentation
• Acne Scarring & Blemish Treatment
• Sun Damage Repair
• Anti-Aging and Wrinkle Reduction
• Radiance Enhancement
• Other Applications
End Users Covered:
• Dermatologists & Aestheticians
• Salons & Spas
• General Consumers
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Skin Lightening Products Market, By Product Type
5.1 Introduction
5.2 Soaps
5.3 Cleansers
5.4 Peels & Scrubs
5.5 Face Masks
5.6 Serums & Toner
5.7 Creams & Lotions
5.8 Pills & Supplements
5.9 Cosmetic Procedures
5.10 Other Product Types
6 Global Skin Lightening Products Market, By Active Ingredient
6.1 Introduction
6.2 Tyrosinase Inhibitors
6.2.1 Kojic Acid
6.2.2 Alpha-Arbutin
6.2.3 Hydroquinone
6.3 Antioxidants
6.3.1 Vitamin C
6.3.2 Vitamin E
6.3.3 Niacinamide
6.4 Exfoliating Agents
6.4.1 Alpha Hydroxy Acids (AHAs)
6.4.2 Beta Hydroxy Acids (BHAs)
6.5 Other Active Ingredients
7 Global Skin Lightening Products Market, By Distribution Channel
7.1 Introduction
7.2 Supermarkets & Hypermarkets
7.3 Pharmacies & Drugstores
7.4 Online Channels
7.5 Other Distribution Channels
8 Global Skin Lightening Products Market, By Application
8.1 Introduction
8.2 Hyperpigmentation
8.3 Acne Scarring & Blemish Treatment
8.4 Sun Damage Repair
8.5 Anti-Aging and Wrinkle Reduction
8.6 Radiance Enhancement
8.7 Other Applications
9 Global Skin Lightening Products Market, By End User
9.1 Introduction
9.2 Dermatologists & Aestheticians
9.3 Salons & Spas
9.4 General Consumers
9.5 Other End Users
10 Global Skin Lightening Products Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Beiersdorf AG
12.2 L’Oréal S.A.
12.3 Unilever
12.4 Himalaya Global Holdings Ltd.
12.5 Lotus Herbals Pvt. Ltd.
12.6 VLCC Health Care Limited
12.7 Avon Products, Inc.
12.8 Kanebo Cosmetics Inc.
12.9 Procter & Gamble
12.10 Shiseido Co., Ltd.
12.11 KAO Corporation
12.12 Estee Lauder
12.13 Revlon In
12.14 Oriflame Cosmetics S.A
12.15 Kaya Skin Clinic
12.16 Kiehls
12.17 Rozge Cosmeceutical
12.18 Civant LLC
12.19 Emami ltd
12.20 Bio Veda Action Research Co
List of Tables
1 Global Skin Lightening Products Market Outlook, By Region (2021-2030) ($MN)
2 Global Skin Lightening Products Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Skin Lightening Products Market Outlook, By Soaps (2021-2030) ($MN)
4 Global Skin Lightening Products Market Outlook, By Cleansers (2021-2030) ($MN)
5 Global Skin Lightening Products Market Outlook, By Peels & Scrubs (2021-2030) ($MN)
6 Global Skin Lightening Products Market Outlook, By Face Masks (2021-2030) ($MN)
7 Global Skin Lightening Products Market Outlook, By Serums & Toner (2021-2030) ($MN)
8 Global Skin Lightening Products Market Outlook, By Creams & Lotions (2021-2030) ($MN)
9 Global Skin Lightening Products Market Outlook, By Pills & Supplements (2021-2030) ($MN)
10 Global Skin Lightening Products Market Outlook, By Cosmetic Procedures (2021-2030) ($MN)
11 Global Skin Lightening Products Market Outlook, By Other Product Types (2021-2030) ($MN)
12 Global Skin Lightening Products Market Outlook, By Active Ingredient (2021-2030) ($MN)
13 Global Skin Lightening Products Market Outlook, By Tyrosinase Inhibitors (2021-2030) ($MN)
14 Global Skin Lightening Products Market Outlook, By Kojic Acid (2021-2030) ($MN)
15 Global Skin Lightening Products Market Outlook, By Alpha-Arbutin (2021-2030) ($MN)
16 Global Skin Lightening Products Market Outlook, By Hydroquinone (2021-2030) ($MN)
17 Global Skin Lightening Products Market Outlook, By Antioxidants (2021-2030) ($MN)
18 Global Skin Lightening Products Market Outlook, By Vitamin C (2021-2030) ($MN)
19 Global Skin Lightening Products Market Outlook, By Vitamin E (2021-2030) ($MN)
20 Global Skin Lightening Products Market Outlook, By Niacinamide (2021-2030) ($MN)
21 Global Skin Lightening Products Market Outlook, By Exfoliating Agents (2021-2030) ($MN)
22 Global Skin Lightening Products Market Outlook, By Alpha Hydroxy Acids (AHAs) (2021-2030) ($MN)
23 Global Skin Lightening Products Market Outlook, By Beta Hydroxy Acids (BHAs) (2021-2030) ($MN)
24 Global Skin Lightening Products Market Outlook, By Other Active Ingredients (2021-2030) ($MN)
25 Global Skin Lightening Products Market Outlook, By Distribution Channel (2021-2030) ($MN)
26 Global Skin Lightening Products Market Outlook, By Supermarkets & Hypermarkets (2021-2030) ($MN)
27 Global Skin Lightening Products Market Outlook, By Pharmacies & Drugstores (2021-2030) ($MN)
28 Global Skin Lightening Products Market Outlook, By Online Channels (2021-2030) ($MN)
29 Global Skin Lightening Products Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
30 Global Skin Lightening Products Market Outlook, By Application (2021-2030) ($MN)
31 Global Skin Lightening Products Market Outlook, By Hyperpigmentation (2021-2030) ($MN)
32 Global Skin Lightening Products Market Outlook, By Acne Scarring & Blemish Treatment (2021-2030) ($MN)
33 Global Skin Lightening Products Market Outlook, By Sun Damage Repair (2021-2030) ($MN)
34 Global Skin Lightening Products Market Outlook, By Anti-Aging and Wrinkle Reduction (2021-2030) ($MN)
35 Global Skin Lightening Products Market Outlook, By Radiance Enhancement (2021-2030) ($MN)
36 Global Skin Lightening Products Market Outlook, By Other Applications (2021-2030) ($MN)
37 Global Skin Lightening Products Market Outlook, By End User (2021-2030) ($MN)
38 Global Skin Lightening Products Market Outlook, By Dermatologists & Aestheticians (2021-2030) ($MN)
39 Global Skin Lightening Products Market Outlook, By Salons & Spas (2021-2030) ($MN)
40 Global Skin Lightening Products Market Outlook, By General Consumers (2021-2030) ($MN)
41 Global Skin Lightening Products Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
