Europe Skin Lightening Products Market Size & Outlook
Europe skin lightening products market, 2018-2030 (US$M)
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Europe skin lightening products market highlights
- The Europe skin lightening products market generated a revenue of USD 542.3 million in 2023.
- The market is expected to grow at a CAGR of 4.5% 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.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 542.3 million |
| Market revenue in 2030 | USD 735.9 million |
| Growth rate | 4.5% (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 |
| 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, Europe region accounted for 4.8% of the global skin lightening products market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 9,111.0 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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Europe 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 52.79% in 2023. Horizon Databook has segmented the Europe skin lightening products market based on creams, cleanser, face mask covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing investments from outside of the European Union is expected to enhance the competitiveness of the Europe skin lightening products market in the foreseeable future. Internationally renowned European skincare companies, such as L'Oréal S.A. and Beiersdorf AG., benefit from multiple research centers that provide market research, product development, and information regarding regulatory compliances.
According to Cosmetics Europe, the European trade association for the cosmetics and personal care industry, in 2018, Europe housed over 77 scientific innovation facilities that conduct research related to the personal care and cosmetics industry.
Technological advancements in the skincare market, coupled with the development and introduction of innovative products, are expected to positively influence the skin lightening products market in Europe over the forecast period.
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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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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 continent-level data and insights on the Europe skin lightening products market , including forecasts for subscribers. This continent databook contains high-level insights into Europe skin lightening products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe skin lightening products market size, by country, 2018-2030 (US$M)
Europe Skin Lightening Products Market Outlook Share, 2023 & 2030 (US$M)
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