Dublin, Jan. 10, 2024 (GLOBE NEWSWIRE) -- The "Skin Lightening Agents: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
This Global Strategic Business Report on Skin Lightening Agents reveals a steady growth trajectory for the industry, expected to surge at a CAGR of 6.3% through 2030. This comprehensive analysis forecasts a considerable uptick in market value from the $308.8 Million mark of 2022 to an impressive $504.7 Million by the end of the decade.
Robust Expansion in the United States and China
With a current valuation of $84.1 Million, the United States remains a significant player in the skin lightening sector. Concurrently, China is anticipated to demonstrate robust growth, on track to reach $111.2 Million by 2030, propelled by an impressive 10% CAGR from 2022.
Market Dynamics Across Multiple Regions
Other geographical markets, such as Japan and Canada, are set to witness growth rates of 3.6% and 4.9%, respectively, over the forecast period. Europe, led by Germany, shows potential, with a projected 4.6% CAGR.
Diverse Market Landscape and Competitive Scenario
- Substantial Coverage: The report highlights critical aspects such as the impact of the Russia-Ukraine conflict, global inflation indicators, China's shift in Covid-19 policy, supply chain challenges, international trade tensions, and recession risks.
- Competitive Insights: A detailed examination of global competitiveness with a sharp focus on key players' market shares is included, offering a lens into the market's competitive landscape.
- Geographical Footprint: The research delves into firms' presence across varied geographies, identifying entities with a Strong, Active, Niche, or Trivial footprint in the market.
- Interactive Updates: The publication provides access to bespoke peer-to-peer collaborative updates and a comprehensive research platform to enable informed decision-making.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 96 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value (USD) in 2020 | $287.5 Million |
| Forecasted Market Value (USD) by 2027 | $418.9 Million |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
A selection of companies mentioned in this report includes
- Avon Products Inc.
- Beiersdorf AG
- Himalaya Global Holdings Limited
- L`Oréal S.A
- Lotus Herbals Private Limited
- Procter and Gamble Company
- Shiseido Company
- Unilever PLC.
- VLCC Health Care Limited
For more information about this report visit https://www.researchandmarkets.com/r/xqpvw1
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