In 2024, the size of the worldwide skincare market was estimated at USD 115.65 billion. The market is expected to reach USD 194.05 billion by 2032, up from USD 122.11 billion in 2025.

With a market share of 51.58% in 2024 and a compound annual growth rate (CAGR) of 6.84% throughout the projection period, Asia Pacific led the skin care industry. Furthermore, the growing demand for organic and natural goods is expected to fuel the skincare market's strong growth in the United States, which is expected to reach an estimated USD 30.42 billion by 2032.

Creams, lotions, and powders are examples of self-care items that nourish and enhance the skin's quality and health. Many men and women use these products on a regular basis for a variety of reasons, including washing, hydrating, and moisturizing. Recently, there has been a desire for organic and herbal skin care products. People's awareness of the harmful effects of synthetic chemicals on the skin is the reason behind this.

Businesses found it difficult to meet in person with their channel partners during the COVID-19 epidemic, which made it difficult to complete commercial transactions. This resulted from lockdowns that were imposed in several nations across the world. These businesses' product revenues have been affected by this.

Furthermore, the 2020 worldwide population's ability to consume goods was severely hampered by the closure of beauty retail outlets and cosmetic companies as well as limitations in raw material supply brought on by the lockdown regulations.