Global Skin Lightening Products Market Size & Outlook
Global skin lightening products market, 2018-2030 (US$M)
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Global skin lightening products market highlights
- The global skin lightening products market generated a revenue of USD 11,204.6 million in 2023 and is expected to reach USD 16,137.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.3% by 2030.
- In terms of segment, creams accounted for a revenue of USD 5,889.7 million in 2023.
- Cleanser is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 11,204.6 million |
| Market revenue in 2030 | USD 16,137.1 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Creams |
| Fastest growing segment | Cleanser |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Creams, Cleanser, Face Mask |
Other key industry trends
- In terms of revenue, the North America accounted for 15.0% of the global skin lightening products market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 57.3 million by 2030.
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Skin Lightening Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global skin lightening products market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to skin lightening products market will help companies and investors design strategic landscapes.
creams was the largest segment with a revenue share of 52.57% in 2023. Horizon Databook has segmented the Global skin lightening products market based on creams, cleanser, face mask covering the revenue growth of each sub-segment from 2018 to 2030.
As fairness is still considered as a benchmark for beauty in many parts of the world, the demand for skin lightening products is expected to be constant and growing in the near future. Every individual has a different skin type, texture, pattern, and problem. Skincare professionals no longer recommend a single product or a similar skincare routine to every individual.
This trend is driving the demand for skin lightening products with active ingredients that have lightening & brightening properties, including creams & lotions, repair creams, peels, masks, serums, powders, and scrubs. As fairness is still considered as a benchmark for beauty in many parts of the world, the demand for skin lightening products is expected to be constant and growing in the near future. Every individual has a different skin type, texture, pattern, and problem. Skincare professionals no longer recommend a single product or a similar skincare routine to every individual.
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Our clientele includes a mix of skin lightening products market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global skin lightening products market , including forecasts for subscribers. This global databook contains high-level insights into Global skin lightening products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global skin lightening products market statistics, by region, 2018-2030 (US$M)
Top 10 countries: Skin lightening products market size, 2023 (USD Million)
Top 10 countries: Skin lightening products market size, 2023 (USD Million)
Global skin lightening products market, by region, 2023 (US$M)
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