Key vendors to strategically increase their sales through pro shops retail format.
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global professional skincare market in their latest research report. This report also lists four other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global professional skincare market in developed countries is at a relatively mature stage. However, there is ample scope for manufacturers to explore the potential markets in APAC. The markets in fast-growing countries such as China and India in APAC present a considerable growth opportunity for players. Vendors in the professional skin care market are targeting the urban regions in developing countries. Vendors are also identifying the consumer preferences in different regions to tap into the potential consumer base.
According to Brijesh Choubey, a lead analyst at Technavio for research on cosmetics and toiletry, “Serums targeted at blemish and skin tone correction, and with skin whitening properties have relatively better adoption rates in APAC markets, as opposed to professional anti-aging skincare products in western countries like the US.”
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Top five vendors in the professional skincare market space
Beiersdorf
Beiersdorf offers personal care products, which include skin and body care products. The company also provides self-adhesive products and system solutions to various industries, craft businesses, and consumers. It operates as a subsidiary of maxingvest. It has more than 150 affiliates with operations in Europe, the Americas, Asia, Australia, and Africa.
Key products: Anti-aging products, Sun protection products, Dehydration products, and Acne control products.
L’Oréal
L’Oréal manufactures cosmetic products for both women and men. The company has operational presence in around 130 countries across the globe. In FY2015, the company reported a total revenue of around USD 28 billion. In FY2015, its cosmetics segment generated a revenue of almost USD 27 billion, which accounted for 96% of the company’s total revenue for that year.
Key products: Anti-aging products, Pigmentation products, Sun protection products, Dehydration products, Acne control products, and Anti-cellulite products.
P&G
P&G offers consumer products through high-frequency stores, grocery stores, e-commerce platforms, membership club stores, department stores, drugstores, and mass merchandisers. The company operates in more than 80 countries and sells its products in more than 180 countries.
Key products: Anti-aging products, Pigmentation products, and Acne control products.
Shiseido
Shiseido offers cosmetics, accessories for cosmetic products, and toiletries worldwide. It also offers healthcare products and over-the-counter drugs. In FY2015, the company generated a revenue of USD 7 billion.
Key products: Anti-aging products, Pigmentation products, Sun protection products, and Acne control products.
Unilever
Unilever operates in the food and beverage, household cleaning, and personal care product markets. During July 2015, Unilever acquired Los Angeles-based Kate Somerville, an independent skincare brand.
Key products: Anti-aging products, Pigmentation products, Sun protection products, Dehydration products, and Acne control products.
Ask an analyst to know more about this report
A more detailed analysis is available in the Technavio report, Global Professional SKincare Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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