Cosmetic Serum Market Is Estimated To Witness High Growth Owing To Increasing Beauty Consciousness Among Consumers

     

Cosmetic Serum Market

The global Cosmetic Serum Market is estimated to be valued at US$ 3.86 Bn in 2023 and is expected to exhibit a CAGR of 5.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market Overview:

A cosmetic serum contains active ingredients at a higher concentration than a traditional moisturizer aimed at improving skin quality. It helps protect skin from environmental damage, reducing signs of aging like fine lines and wrinkles.

 

Market key trends:

The essential oils segment holds a dominant share in the global cosmetic serum market due to growing demand for natural and organic personal care products. Essential oils have anti-inflammatory, antioxidant and antimicrobial properties that help improve various skin concerns. For instance, tea tree oil help control acne-causing bacteria without clogging pores. Similarly, lavender essential oil has a calming effect and aids relaxation. It also has antibacterial and antifungal properties making it suitable for daily skin care. Growing customer inclination towards natural and organic ingredients is expected to drive the demand of essential oil infused cosmetic serums over the forecast period.

Segment Analysis

The global cosmetic serum market is dominated by the anti-aging serum segment, accounting for over 35% of the total market share. This is due to the increasing aging population globally and rising demand for reducing signs of aging such as fine lines, wrinkles, age spots, and dark circles. With growing awareness about skincare and benefits of serums, the anti-aging serum segment is expected to witness strong growth over the forecast period.

 

Key Takeaways

The Global Cosmetic Serum Market Size is expected to witness high growth, exhibiting a CAGR of 5.0% over the forecast period, due to increasing awareness about skincare products and the desire to maintain youthful appearance.

 

The global cosmetic serum market size is expected to reach US$ 3.86 Bn in 2023.

 

Asia Pacific holds the largest share in the global cosmetic serum market due to rising disposable incomes, growing middle-class population, and increasing trend of beauty consciousness among consumers in major countries like China, Japan, and India.

 

Key players operating in the cosmetic serum market are L'Oréal S.A., Estée Lauder Companies Inc., Shiseido Company, Limited, Procter & Gamble Co., Johnson & Johnson Services, Inc., Beiersdorf AG, Unilever PLC, The Body Shop International Limited, Kao Corporation, Colgate-Palmolive Company, Amway Corporation, Avon Products, Inc., Mary Kay Inc., Clarins Group, Coty Inc. These companies capture a significant share of the market through expanding their product portfolios and strengthening their distribution networks globally.

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https://www.dailyprbulletin.com/cosmetic-serum-market-size-share-growth-outlook-2023/

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