Skin Lightening Products Market Share, Demand, Business Prospects, and Leading Players Updates By 2030

Skin Lightening Products Industry Overview

The global skin lightening products market size was valued at USD 9.96 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.5% from 2022 to 2030.

Skin lightening products provide various benefits such as reducing pigmentation, lightening discoloration, promoting even skin tone, and eliminating blemishes. The rising inclination of consumers toward a specific solution to different skin problems, such as age spot or acne spot reduction, has increased the adoption of various skin lighteners in the market. Therefore, manufacturers are introducing lightening products to cater to the different consumer needs. For instance, in December 2020, Blac Chyna launched brightening cream in collaboration with Whitenicious by Dencia in Nigeria.

The breakout of COVID-19 has resulted in changing consumer preferences who are proactively seeking active and functional skincare products, which in turn, is expected to accelerate the market growth in the forecast period. Hence, manufacturers are launching products to cater to the changing needs of consumers. For instance, in June 2021, Shiseido Co., Ltd., a Japanese cosmetics company launched a multifunctional sunscreen under the brand name Anessa. The product contains 50% skincare ingredients, including m-tranexamic acid, a brightening active that helps suppress the production of melanin.

Gather more insights about the market drivers, restrains and growth of the Global Skin Lightening Products Market

U.S. Skin Lightening Products Market size, by product, 2020 - 2030 (USD Billion)

The rising consumer awareness regarding the harmful effects of conventional, synthetic chemical-laden products is anticipated to create new growth opportunities for organically and naturally derived raw materials and products in the market. Organically- and naturally-cultivated products such as aloe vera, sea kelp, argan oil, and jojoba oil are some of the key raw ingredients used for manufacturing skin lightening products. For instance, in July 2019, Petitcomo, a cosmetic brand from Korea, launched two new lightening sheet masks - Ampoule Mask Black Edition and Aqua Mask White - which contain natural ingredients for improving tone complexion.

Furthermore, the growing importance of self-care in recent years has driven consumers to proactively create relaxing self-care experiences through complex skincare routines at home. This trend is driving the demand for products with active ingredients that have lightening & brightening properties, including creams & lotions, repair creams, peels, masks, serums, powders, and scrubs. For instance, in November 2021, Vasu Healthcare launched a premium skin brightening range - ROSE and GOLD. The product range includes face serum, face wash, and face cream and is available on Amazon, Flipkart, and its own store www.vasustore.com.

Companies are focusing on constant research to produce skin-lightening creams with advanced technology to increase the effectiveness of the product. For instance, in 2019, Dr. Raymond Laboratories Inc.’s leading brand LaStella introduced Cellif Microbalm, a capsule balm featuring microcapsule technology that helps restore the natural glow. Each microcapsule contains six key components, including shea butter to provide intensive moisturizing; adenosine to reduce visible signs of anti-aging; argan oil, olive oil, and vitamin tree oil to promote skin’s vitality; rose water, for soothing and moisturizing; natural ceramide; and peptides to restore the texture.

However, the rising controversies regarding the use of skin-lightening products over the world may hamper the growth of the market. In July 2020, Unilever renamed its skin lightening cream Fair & Lovely, India’s bestselling melanin-suppressing face cream, owing to the criticism it faced for branding its products that trade off racial stereotypes. The company dropped the word 'fair' in its product name and changed it to 'Glow & Lovely'. Similarly, Johnson & Johnson retreated from its skin-whitening business, which consisted of the Neutrogena Fine Fairness line in Asia and the Middle East, and the Clean & Clear Fairness brand in India.

Browse through Grand View Research's  Beauty & Personal Care Industry Research Reports.

  • Nail Polish Market: The global nail polish market size was valued at USD 14.3 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2022 to 2030.
  • After Sun Care Products Market: The global after sun care products market size was valued at USD 1.14 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.1% from 2022 to 2030.

Skin Lightening Products Market Segmentation 

Grand View Research has segmented the skin lightening products market based on product, nature, and region. 

  • Skin Lightening Product Outlook (Revenue, USD Million, 2017 - 2030)
    • Creams
    • Cleanser
    • Mask
    • Others 
  • Skin Lightening Products Nature Outlook (Revenue, USD Million, 2017 - 2030)
    • Synthetic
    • Natural
    • Organic 
  • Skin Lightening Products Regional Outlook (Revenue, USD Million, 2017 - 2030)
    • North America
    • Europe
    • Asia Pacific
    • Central & South America
    • Middle East & Africa (MEA)

Market Share Insights

  • February 2022: SkinCeuticals, a medical professional skincare brand, launched Phyto A+ Brightening Treatment. The Phyto portfolio includes Phyto Corrective Gel and Phyto Corrective Masque, which help deliver a brighter complexion to the consumers.
  • December 2021: Skincare brand Refresh Skin Science, part of Visionary Skincare Pvt Ltd, was launched in the Indian market. The product line includes toners, anti-ageing serums, face serums, peeling solutions, and foaming cleansers oriented towards brightening, anti-ageing, dry and oily, pigmented, and acne-prone skin.
  • September 2020: Kao USA Inc (Bioré) introduced the Bioré Brightening Collection, which includes a cleanser, exfoliator, mask, and pore strip and which is formulated with grapefruit, yuzu lemon, ginseng, papaya, and dragon fruit.

Key Companies profiled:

Some prominent players in the global Skin Lightening Products Market

  • L’Oréal S.A.
  • Beiersdorf AG
  • Shiseido Co., Ltd.
  • Procter & Gamble
  • Unilever
  • Himalaya Global Holdings Ltd.
  • Kanebo Cosmetics Inc.
  • Lotus Herbals Pvt. Ltd.
  • VLCC Health Care Limited
  • Avon Products, Inc.

Order a free sample PDF of the Skin Lightening Products Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

India Electric Vehicle Market Competitive Landscape Report to 2028

Image
India Electric Vehicle Industry Overview The India electric vehicle market size was valued at USD 220.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 94.4% from 2021 to 2030. The attractive incentives being offered by the Indian government on the production and purchase of electric vehicles to encourage the adoption of electric vehicles are anticipated to drive the growth of the market over the forecast period. The outbreak of the COVID-19 pandemic triggered a significant decline in the overall sales of passenger and commercial vehicles in 2020. However, the sales of electric vehicles in India remained unaffected. The post-lockdown sale of pure and hybrid electric vehicles is a prominent driving factor for the electric vehicle market in India. The stringent GreenHouse gas (GHG) emission norms drafted by the government, such as the Bharat Stage (BS) VI emission standards introduced by India’s Ministry of Road Transport and Highways (MoRTH), are a
Read more

Cyber Security Market 2030 - Advanced Solutions for Modern Businesses

Image
Data breaches, malware, and hacking attempts are all too common, forcing businesses and individuals to prioritize cybersecurity market  trends. The internet has become an essential part of our lives, and with it comes the ever-present threat of cyberattacks. Within the struggles of integrity, privacy, and trust, the domain of cybersecurity thrives with firewalls, encryption keys, and neural networks that safeguard our interconnected existence. The Market Landscape This blog explains the core of the cybersecurity market, examining its growth, challenges, and the valiant defenders who shield the virtual world. Numbers Beyond 0 & 1: The global cyber security market is no mere niche; it’s a thriving ecosystem fueled by relentless innovation and escalating threats. According to recent reports, here are the key figures: In 2023, the market was estimated at a staggering  USD 222.66 billion , growing at a projected compound annual growth rate of 12.3% from 2024 to 2030. By 2030, th
Read more

LiDAR Market Historical Data & Forecasts 2030

Image
LiDAR Industry Overview The global LiDAR market size was valued at USD 1.81 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030. The technological advancements in spatial resolution of LiDAR-based digital terrain models are providing better accuracy in applications such as change detection on hillsides, water runoff for agriculture or mining sites, and inland waterways. The growth of the market is attributed to the rising automation in LiDAR to reduce human efforts and increase efficiency. Gather more insights about the market drivers, restrains and growth of the Global LiDAR Market   The rising demand for 3D imagery in application areas such as military & defense, topographical surveys, civil engineering, and corridor mapping is expected to drive the market growth over the forecast period. Textured 3D imagery is applied in applications such as 3D mapping, city planning, and corridor mapping. The installation of advanced
Read more