The introduction of new products in the market is expected to play an important role in the growth of the market during 2016-2020. With an increasing number of new product launches, the market will likely have a high growth rate. The analysts forecast global skin care products market to grow at a CAGR of 4.91% during the period 2016-2020.
Complete report on skin care products market spread across 56 pages, analyzing 6 major companies and provides 16 data exhibits is now available at http://www.sandlerresearch.org/global-night-skin-care-products-market-2016-2020.html .
According to the report, rising disposable income, especially in developing countries, is one of the most important factors that will likely propel the growth of the market during the forecast period.
The APAC region will be the largest market for night skin care products during the forecast period and will account for an impressive market share of more than 38% by 2020. The rising demand for skin lightening products is an emerging trend in the region, and this is anticipated to boost the sales of night skin care products during the predicted period. Also, factors such as the recent increase in urbanization and disposable income will also aid in the growth of this market in APAC until 2020.
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The global market for night skin care products market is competitive as the providers in this market compete on the basis of product differentiation, product portfolios, quality, and pricing to gain maximum market shares. Many providers in this market are planning on expanding their businesses to emerging markets such as Latin America and APAC as it will help them to aggrandize their revenue generating capacity.
Key players in the Global Night Skin Care Products Market: Avon Products (Avon), Beiersdorf, Estée Lauder, L'Oreal, Procter & Gamble (P&G), and Shiseido. Other Prominent Vendors in the market are: AmorePacific, Amway, Chanel, Clarins Group, Conair, Coty, Lotus Herbals, Mary Kay, Missha, Nature Republic, Oriflame, Rachel K Cosmetics, Revlon, Skin Food, and The Face Shop.
Further, the report states that the easy availability of cheaper counterfeit products could, however, prove to be a challenge to the growth of the market during the forecast period.
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