Skincare Industry Soars to $178.63 Billion: Clean Beauty Fuels Expansion
The global skincare market has reached a staggering valuation of $178.63 billion in 2026. Forecasts predict a near doubling to $340.25 billion by 2035, marking a compound annual growth rate (CAGR) of 6.66%. This data comes from a report released by Precedence Research on February 2, 2026.
Driving the market’s growth is a rising consumer focus on personal grooming and wellness. This trend is bolstered by increased product availability and innovation. Asia Pacific dominated the market in 2025 with a 48% share. However, North America is projected to register the fastest growth rate from 2026 to 2035.
When it comes to product type, creams and moisturizers captured 35% of total revenue in 2025. The powder segment, on the other hand, is expected to grow at a robust 7.2% CAGR during 2026-2035. In terms of distribution channels, the offline segment led with more than 68% revenue share in 2025. Yet, the online segment is anticipated to expand at the highest growth rate over the forecast period.
Consumers are becoming increasingly ingredient-savvy, favoring clean, natural, and science-backed products. A notable recent launch is DR. Rashel’s Rice Water Day and Night Cream in January 2026. The day cream offers UV protection and lightweight hydration. The report underscores a significant shift in the skincare industry towards “clean beauty” and wellness-integrated formulations. This shift, coupled with growing awareness of skin health among younger consumers, is driving market expansion.
Source: GlobeNewswire