What you need to know
While COVID-19 is expected to cause slowed sales growth, the facial skincare and anti-aging market is expected to maintain positive sales through 2024. The category remains on-trend among key demographics, resulting in several key players posting gains despite increased competition. Furthermore, interest in multifunctional products and a holistic approach to routines suggest a shift in how consumers approach the category.
Key issues covered in this Report
The impact of COVID-19 on consumer behavior and the Facial Skincare and Anti-aging market.
COVID-19 is a catalyst for clean and safe facial skincare products.
Masstige brands appeal to audiences seeking affordable wellness products, creating challenges for premium players.
Skincare becomes the new face of self-care.
This Report was written April 1 – June 1, 2020.
Definition
This Report covers the US market for facial skincare and anti-aging products, which is defined as follows:
Anti-aging facial products (can include cleansers, moisturizers and treatments)
Facial cleansers including scrubs and toners
Facial moisturizers
Acne treatments
Lip balm
This Report covers only the at-home facial skincare market and does not include professional services or body care products such as body wash or hand and body lotion.