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