The skincare products market in Australia utilizes a variety of products including cleansers, toners, moisturizers, creams, gels, masks, and serums to protect skin from sun damage, hydrating skin, reducing acne and signs of aging. These products help in maintaining a youthful appearance and protecting skin from environmental damages, heat and pollution. The global Australia Skincare Products Market is estimated to be valued at US$ 2338.37 Bn in 2023 and is expected to exhibit a CAGR of 4.7%over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing consumer awareness about skin health and personal care is one of the key factors fueling the growth of the Australia skincare products market. There has been an increasing focus on maintaining healthy skin, along with physical fitness. Consumers are increasingly opting for innovative anti-aging creams, moisturizers with natural ingredients that have minimal side effects. Moreover, consumers are interested in customizing their skincare regime as per their concerns like hyperpigmentation, acne-prone skin or signs of aging. This has prompted companies to offer customized products tailored to specific needs. The augmenting demand for natural, herbal and organic based products is expected to drive the market growth over the forecast period.

Segment Analysis

The Australia skincare products market is dominated by the facial care sub-segment. Facial care products account for over 40% of the total market revenue owing to rising awareness about anti-aging products among Australian consumers. The growing demand for natural and organic skincare products is also driving growth of the facial care sub-segment.

Key Takeaways

The Australia Gkincare Products Market Share is expected to witness high growth over the forecast period of 2023 to 2030. Regional analysis - The skincare products market in New South Wales region currently dominates the Australian market and is expected to maintain its dominance during the forecast period. The high disposable income of consumers and increasing spending on personal care are driving demand for skincare products in New South Wales.

Key players operating in the Australia skincare products market are Magellan, Medipost Co., Ltd, Osiris Therapeutics, Inc., Kolon TissueGene, Inc., JCR Pharmaceuticals Co., Ltd., Anterogen Co. Ltd., Pharmicell Co., Inc., and Stemedica Cell Technologies, Inc.

Get More Insights Here

https://healthcarelatesteditionnews.blogspot.com/2023/12/the-australia-skincare-products-market.html