Rise in self-consciousness about physical appearance is expected to drive market expansion shortly at a CAGR of 6.00% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Skin Whitening Products Market” that contains information from 2018 to 2032. The Skin Whitening Products Market is estimated to register a CAGR of 6.00% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Skin Whitening Products Market— L'Oreal S.A, Beiersdorf AG, Unilever Plc, Procter & Gamble Co., Shiseido Co., Ltd., Avon Products Inc., Himalaya Global Holdings Ltd., Estee Lauder Companies Inc., VLCC Health Care Limited, and Advanced Clinical.

Market Highlights

The global Skin Whitening Products Market is accounted to register a CAGR of 6.00% during the forecast period and is estimated to reach USD 13.85 billion by 2032.

The surge in self-awareness regarding physical appearance, particularly among individuals and working-class professionals, is a key driver for the expansion of the skin-lightening products market. The incorporation of natural ingredients like aloe vera, tea, and black sugar in these products serves to mitigate adverse effects, contributing to an increased demand within the market for skin-lightening products.

Segment Analysis

The global Skin Whitening Products Market has been segmented based on the Product Form, Material type, and End-User.

Based on the Product Form, the market is segmented into Creams, Lotions, Gels, and Others. The Creams segment was attributed to holding the largest market share in 2022.  The seamless and efficient absorption of cream into the skin contributes to its heightened adoption by consumers. Industry participants are introducing skin-lightening creams equipped with advanced technologies to enhance their efficacy. A notable example is Neutrogena India, which, in April 2022, unveiled its New Bright Boost product line targeting the prevalent issue of skin dullness. The range encompasses Resurfacing Micro Polish, Illuminating Serum, and Gel Cream, each formulated with ingredients claiming to facilitate a surface skin renewal process of 10 times, resulting in a smoother, brighter, and more even skin tone.

Based on the Material type, the Skin Whitening Products Market has been segmented into Synthetic and Natural. The Synthetic segment was expected to hold the largest market share in 2022. Chemical components designed for depigmenting the skin find extensive application in both dermatology and cosmetics, a trend that is also influencing their incorporation into mainstream products. Key chemicals employed in these formulations encompass hydroquinone, retinoids, glycolic acid, and azelaic acid. These chemical ingredients play a pivotal role in expediting the skin-lightening process due to their potent effects on the skin. It is important to note, however, that prolonged usage of such chemicals may pose potential risks to skin health. Nevertheless, ongoing research and development aimed at creating novel chemical compounds for skin-lightening products are expected to bolster this segment's growth on a global scale.

Based on the End-User, the Skin Whitening Products Market has been segmented into Men and women. The women segment was expected to hold the largest market share in 2022. The confluence of technological advancements, beauty trends, and lifestyle preferences is driving the momentum of the skin whitening products market. Additionally, the global skincare products market has demonstrated consistent growth, attributed to the rising beauty consciousness among women. Various contributing factors, including the growing participation of women in the labor force, heightened awareness about the significance of long-term beauty maintenance, and shifts in lifestyle choices, collectively contribute to a substantial increase in the demand for skincare products. Consequently, these trends are anticipated to foster the continued growth of the skin whitening products market throughout the forecast period.

Regional Analysis

The global Skin Whitening Products Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The Europe Skin Whitening Products Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Skin Whitening Products Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Skin Whitening Products Market comprises of Middle East, Africa, and Latin America.

The largest market share for the Skin Whitening Products Market was maintained by the North American regional sector. The North American market for skin-lightening products is bolstered by the presence of well-established manufacturers such as Procter & Gamble and Unilever, coupled with the expanding infrastructure facilities for retailers in the region. Additionally, consumers in the United States and Canada exhibit a willingness to invest significantly in achieving a youthful appearance and radiant skin, as highlighted by SkinStore's March 2021 report, indicating an average annual spending of USD 322.88 on skincare by Americans. This consumer behavior is poised to contribute to substantial market growth in the region in the foreseeable future.

Moreover, the Europe market has been persistently growing over the forecast period. Germany stands as a key market for beauty and cosmetics products in Europe, boasting a valuation of approximately US$ 15 billion, with the skincare segment exhibiting the highest growth. The country is currently experiencing the most rapidly aging population globally, leading to a substantial demand for anti-aging skincare products. Projections indicate that by 2035, an additional 4 million individuals aged 67 or over will be residing in Germany. The demographic shift entails a rise of around 4 million people reaching retirement age (67 years or over), reaching a minimum of 20.0 million by the mid-2030s. The population aged 80 or over is anticipated to remain relatively stable during this period, ranging between 5.8 and 6.7 million. Moreover, the trend towards organic products is gaining traction in Europe, driven by increasing awareness of their benefits compared to the adverse effects of synthetic products. Notably, organic cosmetics contribute to approximately 15% of the total beauty product sales in Germany.

Prominent players in the Asia Pacific region are implementing diverse strategies to achieve optimal customer outreach in the country. As an example, in December 2020, L'Oréal SA agreed to acquire Takami Co, a Japanese company renowned for developing and marketing the Takami skincare brand. Notably, the brand includes the Takami Whitening Cream SPF45, suitable for application on various parts of the body. This strategic acquisition was undertaken with the objectives of expanding the customer base, enhancing product penetration, and increasing visibility among consumers for both brands.

Furthermore, the rest of the world's Skin Whitening Products Market is divided into the Middle East, Africa, and Latin America. The Middle East, Africa, and Latin America region are expected to be the most lucrative markets for skin-lightening products, attributed to the growing consciousness towards one's appearance coupled with growing disposable income in the region.

Key Findings of the Study

• The global Skin Whitening Products Market is expected to reach USD 13.85 billion by 2032, at a CAGR of 6.00% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market because of the increasing demand for sunblock and whitening agents among men, coupled with the top concern of yellow, sallow skin among women.


• Based on Product Form, the Cream segment was attributed to holding the largest market in 2022, with an approximate market share of 55–60%.