Australia Skin Care Products Market Size (2024 - 2029)

The market size of the skin care products sector in Australia is anticipated to experience significant growth over the forecast period. This expansion is driven by an increasing consumer focus on health and well-being, which elevates the demand for effective skincare solutions, particularly those offering sun protection due to high UV exposure. The trend towards natural and multifunctional ingredients is also shaping the market, as consumers seek products with botanical components and clinical efficacy. The influence of international brands and the availability of advanced skincare products through major retailers further contribute to the market's growth. Additionally, technological advancements and a shift towards premium and luxury brands are enhancing consumer interest and willingness to invest in complex and natural formulations, thereby propelling the market forward.

Home Market Analysis Consumer Goods and Services Research Beauty and Personal Care Research Personal Care Research Skin Care Research Australia Skin Care Products Market Market Size

Market Size of Australia Skin Care Products Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Australia Skincare Product Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.95 %
Market Concentration Low

Major Players

Australia Skincare Product Market Major Players

*Disclaimer: Major Players sorted in no particular order

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Australia Skin Care Products Market Analysis

The Australia skin care products market size is expected to grow from USD 2.10 billion in 2023 to USD 2.94 billion by 2028, at a CAGR of 6.95% during the forecast period (2023-2028).

  • Australian consumers are increasingly health conscious and prioritize skincare as part of their overall well-being. This awareness increases the demand for skin care products. Due to Australia's exposure to high levels of UV radiation, there's a lot of focus on protecting skin from the sun's rays. Sunscreens and suncare products are popular in the Australian skincare routine. Consumer purchases are nowadays primarily made based on the product's efficacy, long-lasting protection, and clinical properties.
  • The demand for natural ingredients has been quite evident in the market, and this has led to consumers seeking products with nature-inspired ingredients, such as plant-inspired and premium botanical ingredients, coupled with multi-functional properties. In March 2022, Gen Z skincare brand 'Skin Proud' launched in Australia and is formulated with natural extracts such as pomegranate, raspberry, coconut oil, and rose water. The company claims that the products are vegan, PETA-approved cruelty-free.
  • Additionally, the rising consumer awareness about using skincare products that are vegan, organic, and natural has encouraged manufacturers to launch new offerings and expand their footprint in the market. The presence of multiple stores of Sephora and Mecca Cosmetica across Sydney and Melbourne has exposed Australian consumers to international brands. Australian consumers are increasingly drawn toward the claims of these advanced products and the presence of active ingredients in them in the right concentration.
  • Technological advancements are the major reason behind the growth of the professional skincare market. This is leading to consumer willingness to buy a broader range of complex-formulated and natural green products. Furthermore, the improving quality of life, the positive effects of skincare on self-esteem and social interaction, and the gradual consumer shift toward premium and luxury brands are a few factors that are likely to propel the market growth during the forecast period.

Australia Skin Care Products Industry Segmentation

Skincare products are a range of products that support skin integrity, enhance appearance, and relieve skin conditions. These are applied to the skin to avoid symptoms of early aging, pimples, and black patches.

 The Australian skin care products market is segmented by type and distribution channels. Based on type, the market is segmented into facial care, body care, and other types. Based on distribution channels, the market is segmented as supermarkets/hypermarkets, convenience stores, specialist stores, online retail stores, and other distribution channels. 

The market sizing has been done in value terms in USD for all the abovementioned segments.

Type
Facial Care
Body Care
Other Types
Distribution Channel
Supermarkets/Hypermarkets
Conveniences Stores
Specialist Retail Stores
Online Retail Stores
Other Distribution Channels
Need A Different Region Or Segment?
Customize Now

Australia Skin Care Products Market Size Summary

The Australian skincare market is experiencing significant growth, driven by a rising consumer awareness of health and wellness, which has made skincare a priority for many. The demand for skincare products is particularly influenced by the need for sun protection due to the country's high UV exposure. Consumers are increasingly seeking products with natural and organic ingredients, reflecting a broader trend towards vegan, cruelty-free, and environmentally friendly options. This shift is supported by the presence of international brands and the influence of social media, which has become a crucial platform for marketing and consumer engagement. Brands are leveraging digital channels to reach a wider audience, with influencer marketing and user-generated content playing pivotal roles in shaping consumer preferences and driving sales.

The market is characterized by a growing preference for organic and natural skincare products, as consumers become more conscious of the potential side effects of synthetic ingredients. This has led to a surge in demand for products that are transparent about their ingredients and offer clean-label claims. Manufacturers are responding by expanding their offerings to include a variety of organic and natural products, which are gaining popularity for their perceived safety and efficacy. The market is highly fragmented, with both global and local players competing for market share. Key companies are focusing on product development, expansion, and strategic acquisitions to strengthen their presence and cater to the evolving consumer demands in Australia.

Explore More

Australia Skin Care Products Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Growing Influence of Social Media and Impact of Digital Technology

      2. 1.1.2 Rising Demand for Natural and Organic Skincare Products

    2. 1.2 Market Restraints

      1. 1.2.1 Enhanced Presence of Counterfeit Skin Care Products

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Facial Care

      2. 2.1.2 Body Care

      3. 2.1.3 Other Types

    2. 2.2 Distribution Channel

      1. 2.2.1 Supermarkets/Hypermarkets

      2. 2.2.2 Conveniences Stores

      3. 2.2.3 Specialist Retail Stores

      4. 2.2.4 Online Retail Stores

      5. 2.2.5 Other Distribution Channels

Australia Skin Care Products Market Size FAQs

The Australia Skin Care Products Market is projected to register a CAGR of 6.95% during the forecast period (2024-2029)

L'Oreal SA, Procter and Gamble Company, Unilever PLC, Beiersdorf AG and Johnson & Johnson Inc. are the major companies operating in the Australia Skin Care Products Market.

Australia Skin Care Products Market Report Snapshots

Skin Care Market in Australia Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)