Due to factors such as globalization and culture, the skin lighteners market is expected to reach $10 billion in the coming decade, according to Global Industry Analysts, Inc.
Skin whitening is one of the rapidly growing segments of the global beauty industry. Global skin whitening market holds vast growth potential, with maximum opportunities emerging from the rapidly expanding Asian markets. Skin lightening products that prevent or inhibit pigmentation, including brown spots and freckles, and consist of anti-aging features are gaining popularity, particularly among customers in the Western world.
Although skin-whitening products were initially aimed at facial care, the trend has changed with companies offering products for overall skin care. Another trend witnessed in the skin lighteners market is the introduction of whitening products for men.
Japan dominates the global skin lighteners market with the lion's share, as stated in the new market research report from Global Industry Analysts, Inc. (GIA). The market for skin lighteners in Asia-Pacific is projected to cross the $2 billion mark by 2012, driven by the fast growing markets of China and India. Apart from Asia, Western countries such as the United States and the United Kingdom are emerging as potential markets for skin whitening products. The growing proportion of ethnic groups—Asians, Hispanics and African Americans—in these regions is a major contributor to the enhanced demand for skin lighteners.
Ability to identify regional preferences that are often influenced by cultural and ethnic factors is a major prerequisite for global manufacturers to ensure competitive presence in various markets. Varying perceptions of customers from different parts of the world contribute to the demand for different types of products.
While the Western world considers anti-aging to be a major criterion for defining beauty, the same is associated with skin color in several Asian countries. Such factors determine marketing, promotional and distribution strategies adopted by global companies.
The report titled "Skin Lighteners: A Global Strategic Business Report" announced by GIA, provides a review of market trends, competitive scenarios, product introductions/innovations, and recent industry activity. The report analyzes market data and analytics for the following regions—United States, Japan, Europe, Asia-Pacific, and the rest of world.
For more details about this comprehensive market research report, please visit - http://www.strategyr.com/Skin_Lighteners_Market_Report.asp.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs more than 800 people worldwide and publishes in excess of 1,100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.