China Skin Lightening Products Market Size & Outlook
China skin lightening products market, 2018-2030 (US$M)
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China skin lightening products market highlights
- The China skin lightening products market generated a revenue of USD 2,449.2 million in 2023 and is expected to reach USD 3,563.3 million by 2030.
- The China market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, creams was the largest revenue generating product in 2023.
- Cleanser is the most lucrative product segment registering the fastest growth during the forecast period.
Skin lightening products market data book summary
| Market revenue in 2023 | USD 2,449.2 million |
| Market revenue in 2030 | USD 3,563.3 million |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Creams |
| Fastest growing segment | Cleanser |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Creams, Cleanser, Face Mask |
| Key market players worldwide | L'Oreal SA, Beiersdorf AG, Shiseido Co Ltd, Procter & Gamble Co, Unilever PLC, Kao Corp, Avon Products, Himalaya Global, Lotus Herbals, VLCC Healthcare |
Other key industry trends
- In terms of revenue, China accounted for 21.9% of the global skin lightening products market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China skin lightening products market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,947.9 million by 2030.
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Skin Lightening Products Market Scope
Skin Lightening Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 52.66% in 2023. Horizon Databook has segmented the China skin lightening products market based on creams, cleanser, face mask covering the revenue growth of each sub-segment from 2018 to 2030.
China is one of the major countries contributing to the growth of the global cosmetics and skincare products market, in terms of consumption as well as production. As a result, international cosmetic companies are focusing on expanding operations in the country due to its high growth potential.
Favorable government policies are promoting the demand for skin lightening products in the country. According to statistics provided by global skincare and cosmetic manufacturer L’Oréal SA in April 2021, the sales of skincare products in the country rose by 38%, owing to the high demand for duty-free products in the Hainan province.
These market trends bode well for the skin lightening products market in China. The integration of biotechnology and nanotechnology has made skincare more complex, customized, and effective. The introduction of advanced skin lightening products has benefited product availability and product development in the country.
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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 country-level data and insights on the China skin lightening products market , including forecasts for subscribers. This country databook contains high-level insights into China skin lightening products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China skin lightening products market size, by product, 2018-2030 (US$M)
China Skin Lightening Products Market Outlook Share, 2023 & 2030 (US$M)
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