Synopsis of Skincare & Aging:

Anti-pollution skin care products are growing in popularity as urban consumers are becoming more concerned about the effects of pollution on their skin, particularly in terms of premature skin aging. Many beauty companies are thus launching new products and solutions to protect skin from both UV rays and hazardous chemicals.

Especially Korean skin care practices and products are attracting more in Canada just because of country's increasing number of Asian immigrants and generally rising interest in natural skin care. Demand for Korean skin care products has been growing rapidly in Canada, leading to some Korean brands moving into the mainstream.

Skincare & Cosmetic Market at Global Level

As per the latest research of global market of Cosmetic & Skin Care, it will grow with a CAGR between 4.7 % and 5.3 % from 2017 to 2023. The global Cosmetic Skin Care market was worth USD 130.7 Billion in 2016. This study of Skin Care market covers the analysis of regions such as North America, Europe, Asia Pacific, and other regions of the World. Among the geographies Asia Pacific dominated the world market and the Middle East & Africa region anticipated growing at the highest CAGR over the forecast period.

Global Skin Care Market

As research said by 2024, the global skincare market is estimated to be 180 billion U.S. dollars. The skin care industry has spotted a shift in demand from older consumers to a growing younger consumer base. People are beginning to use skin care at an increasingly young age in a bid to delay the signs of aging, while the number of older consumers is beginning to fall. Skin care companies may adapt their marketing strategies to correct this balance and hold on to their older consumer base.

Product perspective (Revenue in USD Million; 2015 - 2024)

• Face cream
• Skin brightening cream
• Anti-aging cream
• Sun protection cream
• Body lotion
• Mass body care lotion
• Premium body care lotion

As per the Grand View Research, the global industry has been segmented into two major product categories, namely, face creams and body lotions. The face cream segment dominated the global revenues, accounting for a share of 58.7%. The face cream segment includes skin brightening creams, anti-aging cream, and sun protection cream.

The body lotion segment includes mass market body care lotion and premium body care lotions. The increasing importance of natural ingredients for improving skin quality, hydrating the skin and avoiding dryness is expected to have a favorable impact on the market.

According to The statista market report:

As per the statista market report in 2016, 57 % of U.S. women said it was important to buy all-natural skin-care products. Therefore companies continue to offer consumers innovative products, concentrating on developing environmentally friendly products either made locally or using locally sourced ingredients. Anti-ageing products also represent a strong growth area in the US cosmetics and toiletries market.

Regional Outlook (Revenue, USD Million; 2015 - 2024)

• North America

o   U.S

o   Canada

• Europe

o   UK

o   France

o   Germany

o   Italy

• Asia Pacific

o   China

o   India

o   Japan

• Rest of the World

o   Saudi Arabia

o   South Africa

Skin Care Market in Canada:

As per the Euromonitor International market report, Canada bucked an important trend toward color cosmetics seen in peer beauty and personal care markets. Skin care, not color cosmetics is expected to post the highest retail value sales and growth over the coming five years and estimated CAD2.6 billion by 2020.

Canadian consumers are turning to premium skin care products for their higher quality natural ingredients as part of larger lifestyle trends that emphasize well-being and the importance of natural foods. Canadian brand Kaia Naturals devotes a page of its website to listing the ingredients in its products and explaining their benefits to the skin. Another premium Canadian skincare brand, Refresh Botanicals, tells consumers the percentage of plant-derived ingredients in each product.

Deciem (The Abnormal Beauty Co), a Toronto-based beauty product manufacturer, has launched a range of beauty and personal care brands, including six skin care labels. Founded as an online company in 2013, Deciem offers free shipping on orders over CAD25.