The professional skin care market continues to witness a healthy growth of more than 7% in 2019 across key markets such as China, Europe, India, and the United States, according to our soon-to-be-published Professional Skin Care Global Series report. China continues to be the largest market; however, developing markets such as India register the strongest growth of more than 12% in 2019. This solid increase is driven by various factors including rising incomes, an emerging middle class, a growing millennial population, and increasing awareness of skin health.Continue reading
The professional skin care market in Europe and the U.S. continues to register strong growth in 2018, according to our soon-to-be-published Professional Skin Care Global Series report. The increase in both these markets is mainly driven by the medical and retail channels, and consumer demand is high for products containing retinols, hyaluronic acid, and vitamin C in both markets.
The professional skin care market in Europe continues on a steady growth trajectory, completing another dynamic year in 2018 and registering higher growth than the year prior. The U.K. registers the highest growth of over 6%, followed by Poland. However, all other segments comprising smaller markets, including Scandinavia and the Nordics, register strong growth in 2018.
The professional skin care market in China grows by nearly 6%, higher than the global market growth of 5% in 2017. China is also the largest market for professional skin care products, accounting for over 35% of the global sales in 2017. Boosted by the robust performance of the medical care providers and retail channels, the Chinese market records the highest growth since 2012.
The Chinese professional skin care market is highly fragmented, dominated by local brands, such as Amitabha, Chlitina, and Jourdeness, but also international players, such as SkinCeuticals, Decléor, and NeoStrata. Although accounting only for a little over one-tenth of the Chinese market, international brands continue to thrive, recording higher growth than local brands and advancing at a healthy rate of over 12%. Of all the brands, SkinCeuticals posts by far the highest growth of 100%, securing a place among the top five leaders in 2017.Continue reading
Globally, medical care providers tend to be the channel of choice among consumers seeking help with their skin care problems, ranging from fine lines and wrinkles, to brown spots, acne, and sagging skin. The channel includes dermatologists and plastic surgeons that offer an array of both surgical and non-surgical procedures and skin care treatments that attracts consumers. In 2016, Americans spend $6.4 billion on non-surgical procedures, up 18.5% from $5.4 billion in 2015, according to the American Society for Plastic Surgery.
Medical care providers is the key channel driving growth in the skin care sector across several markets, including China, Europe, and the United States, according to Kline’s upcoming Professional Skin Care Global Series report. The channel records strong growth of 28% in China, 10% in Europe, and continues to record mid single-digit growth in South Korea and the United States.Continue reading
In our recently published reports—Professional Skin Care Global Series: Market Analysis and Opportunities and Physician-dispensed Skin Care: Perception and Satisfaction Survey—we learned about the ideal “prescription” that makes this $6 billion global market for professional skin care products thrive. Some of the most important key areas that skin care market players should consider are:
- Emerging markets: although small in dollar sales, they show high potential in the future.
- Medical care providers represent a tremendous distribution opportunity.Continue reading
In our ongoing search to identify new markets of opportunity for professional skin care brands, our sights turned once again to Asia. With an already strong knowledge base of China, Japan, and South Korea, we ventured to Southeast Asia this year, specifically Thailand and Indonesia, to investigate the market.
According to Kline’s latest research, the Indonesian market for professional skin care is posting 13% growth in 2013, emerging fast and creating a favorable environment for both foreign, well-known brands, as well as smaller, local ones.Continue reading