The predicted growth during is attributed to a rise in awareness toward skin care and usage of advanced skin care products, changing lifestyle supported by increasing disposable income and urbanization, and the increasing popularity of organic skin care products.
The face cream segment, with anti-aging cream and skin brightening creams, accounted for nearly 75% of the market revenue. The body care lotion segment held 41% market share. The sun protection segment is expected to exhibit the fastest growth.
Asia-Pacific contributed the maximum revenue share in 2015, and is expected to maintain its lead throughout the forecast period.