Skincare market demand increases 5.4% CAGR, reaching $35.2B by 2034 due to urbanization, pollution, and shifting preferences towards natural/organic products.

Skincare market demand surges due to urbanization, pollution, and shifting consumer preferences towards natural/organic products, driving a predicted CAGR increase of 5.4% from $20.8B in 2024 to $35.2B by 2034. The market is influenced by social media, celebrities, and influencers, with anti-aging treatments experiencing a rise due to an aging population. The global beauty and personal care products market is projected to reach $759.3B by 2032, at a 4.5% CAGR.

March 18, 2024
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