Infinium Global Research Cosmetic Skin Care-IGR | Page 3

contributors.Furthermore, demand for natural active ingredients based cosmetics and
increasing interest of youngsters in grooming are considered as key market driver in the
Cosmetic Skin Care market.Apart from this, changing lifestyle of consumers in developing
market, increasing per capita income and rising awareness about beautification are other
important growth factors.
Regionally,Asia Pacific is the largest regional market globally and it is anticipated to retain its
dominanceby accounting largest market shares during forecast period of 2017 to 2023.This can
be credible to rapid changes in the consumer living standards, purchasing power of urban
population and increasing awareness of personal care products in rural area. Whereas, Middle
East & Africa region expected to emerge as most dynamic region with highest CAGR during
forecast period. Rising expenditure in personal care products among consumer and increasing
average disposable income level will be the growth factor in this region. In addition, extensive
marketing strategies by companies who manufacture skin care products has made this region
to set potential growth over the forecast period.
Infinium Global Research