Value of Skincare Serum Market Estimated at US$ 6.28 Bn by 2031, TMR Study

News provided by

Aug 22, 2022, 09:30 ET

Increasing shift of new-age consumers toward natural, ethically-produced products creates opportunities in skincare serum market
Properties of Vitamin C essence serum of quick absorption and penetration that imparts healthy radiance to the skin demonstrates demand

WILMINGTON, Del., Aug. 22, 2022 /PRNewswire/ -- Analysts at TMR estimate the skincare serum market to expand at a CAGR of 7.4% during the forecast period from 2022 to 2031. Rising awareness to use various types of serums to treat skin issues, such as acne, blemishes, and black heads is driving the skincare serum market. Growth of the retail sector, increasing number of specialty skincare stores, and proliferation of e-commerce further boosts the skincare serum market.

A detailed scrutiny of skincare serum market trends demonstrates rapid shift of cosmetics and personal care industry toward organic and natural products. Rise in health awareness, and demand for environment sustainability products is leading to product innovations in the cosmetic and personal care industry. Consumers' skincare routine now includes organic, naturally-manufactured, environmentally sustainable, and vegan products.

Europe held the leading share of skincare serum market in 2021. Science-driven product development and innovation in the cosmetics industry to account for Europe to hold key share in the skincare serum market. Thriving cosmetics and personal care industry with growing consumer awareness for health, wellness, and personal care products, of which skincare is dominant, accounts for large share of skincare serum market of Europe.

Asia Pacific is expected to emerge as a prominent region in the skincare serum market during the forecast period. Rapid economic growth and rising awareness about the benefits of exotic ingredients in skincare products is likely to propel the future market demand for skincare serums in developing and developed countries.

Get Exclusive PDF Sample Copy of Skincare Serums Market Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=78457

Skincare Serum Market – Key Findings of the Report

Substantial awareness among new-age consumers about composition of personal care products is leading to increasing drift toward organic products. Shift in preference to gravitate toward brands that use natural ingredients, adhere to eco-friendly manufacturing practices, and manufacture cruelty-free products to influence skincare serum market size.
Growing inclination for cosmetic products that are not tested on animals is compelling manufacturers to introduce cruelty-free products. Organic and ethical products are garnering increasing share over traditional chemical-based branded products, despite their higher cost and shorter shelf-life.
Oil serum segment held the leading share of skincare serum market in 2021. Easy to use, and efficacy to target specific skincare issues makes oil serum segment key in the skincare serum market. Additionally, attractive composition with fast-absorbing high-end specialized carrier oils that provide moisturizing and barrier repair properties, and presence of other essential fatty acids and polyphenols that can be metabolized by the skin makes oil serum segment attractive
Steady entry of vitamin C skincare products, particularly vitamin C serum for skincare routine, is leading to the formulation of vitamin C compounds for the short shelf life of pure Vitamin C
Anti-aging serum application segment held significant share of skincare serum market in 2021. Rising awareness to treat age-related skin changes such as fine lines, wrinkles, and black spots to regain skin's youthfulness is leading middle-aged consumers to spend substantial amount on ant-aging serums.
Retail pharmacies distribution channel is anticipated to account for key share of skincare serum market during the forecast period. Manufacturers and retailers are improving supply chains for the growing demand for skincare products. Skincare brands are increasingly adopting omni-channel supply model to serve the tech-savvy new-age health-conscious segment that emerged post COVID-19.

Ask for References – https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=78457

Skincare Serum Market – Growth Drivers

Attributes of clear, gel-like texture, and thin consistency for powerful ingredients to directly enter the skin spells demand
Availability of various types of serums to treat skin disorders such as black spots and acne propels skincare serum market

Make an Enquiry Before Buying – https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=78457

Skincare Serum Market – Key Players

Some of the leading players operating in the skincare serum market are;

Loral Group
Amway
Unilever
Sanitas Skincare
Estee Lauder Companies
Proctor and Gamble
Philosphy Inc.

The skincare serum market is segmented as follows;

Skincare Serum Market, by Type

Oil Serum
Gel Serum
Emulsion Serum
Others

Skincare Serum Market, by Application

Anti-aging Serums
Antioxidant Serums
Skin Whitening Serums
Hydrating Serums
Acne Fighting Serums
Others

Skincare Serum Market, by Distribution Channel

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

Skincare Serum Market, by Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Research Reports by Transparency Market Research:

Serum-free Media Market: The global serum-free media market was valued at US$ 320 Mn in 2020 and is anticipated to expand at a CAGR of 7% from 2021 to 2031.

Fetal Bovine Serum Market: The global fetal bovine serum market is expected to surpass the value of US$ 1.6 Bn by the end of 2031.

Anti-aging Market: The global anti-aging market for anti-wrinkle products was valued at US$ 8,400.0 Mn in 2018 and is projected to expand at a CAGR of 6.0% from 2019 to 2027.

Red Biotechnology Market: The global red biotechnology market is anticipated to reach more than US$ 609.6 Bn by the end of 2031.

Equine Supplement Products Market: The global equine supplement products market is anticipated to reach US$ 111 Mn by the end of 2031. The global market is projected to grow at a CAGR of 3.7% from 2022 to 2031

Mice Model Technologies Market: The global mice model technologies market is anticipated to reach US$ 3.2 Bn by 2031. The global market is projected to grow at a CAGR of 7.4% from 2022 to 2031.

Epilepsy Therapeutics Market: The global epilepsy therapeutics market is anticipated to reach more than US$ 14.9 Bn by the end of 2031.

Life Science Instrumentation Market: The global life science instrumentation market is anticipated to reach more than US$ 104.5 Bn by the end of 2031.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: [email protected]