The estimated period from 2023 to 2033 is expected to see a CAGR of 5.2% for the global skin toner market size. By 2033, its value is anticipated to reach US$ 2.1 billion. In 2023, the market is set to be valued at US$ 1.3 billion. In the review period, it is anticipated to generate a total financial potential worth US$ 828.4 million.
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Due to millennials’ growing preference for independent brands, European skin toner sales are expected to increase significantly. Indie brands are typically small-scale companies that offer specialized product lines, concentrate on innovations, and highly value authenticity.
Several independent companies in the United Kingdom, Germany, and Italy plan to concentrate on providing customized skincare products. They are likely to introduce a variety of skin toners to address several skin issues and types. They are expected to allow customers to select from a range of products based on their interests.
Modern independent firms must be open and honest about their sourcing, manufacturing, and ingredient procedures. They can build trust with their customers with this steadfast transparency. Today’s consumers demand complete transparency on the substances in the items they use, which would increase product authenticity.
For instance, the United Kingdom-based fashion businesses Boohoo and Next’s two new vegan lines, Woah and Boohoo Beauty, entered the own-brand skincare and beauty markets in February 2022. Having 16 SKUs, the Next Line claims to offer a quick and easy morning and evening routine. It includes cleansers, eye creams, moisturizers, serums, micellar water, face masks, and toners.
Demand for skin toners is anticipated to rise in Asia Pacific as celebrity and social media influencer marketing strategies become more prevalent. Celebrities and social media influencers are frequently considered authorities in the skincare and cosmetics industries.
According to estimates, their followers highly trust and regard their product recommendations and endorsements. They can aid companies in generating quick demand and interest among their sizable fan groups when they employ them to sell their products.
Celebrities and social media influencers have large and active followings as well. Millions of followers worldwide can access their postings, videos, and tales on social media sites, including Twitter, TikTok, YouTube, and Instagram.
Skincare companies might employ this marketing strategy in the Asia Pacific to broaden their consumer base. Another significant element that could boost demand is the rising number of new skincare products that famous people are launching in South Korea, China, and India.
Key Takeaways from the Skin Toner Market Study
- The global skin toner industry grew at a decent CAGR of 7.0% in the historical period between 2018 and 2022.
- The United States is anticipated to reach a valuation of US$ 367.7 million by 2033 in the skin toner industry.
- The United Kingdom is projected to establish a clear-cut financial potential worth US$ 37.4 million in the assessment period.
- Based on product, the organic segment is estimated to showcase a CAGR of 4.7% in the forecast period.
- In terms of form, the fluid segment will likely witness a CAGR of 5.0% from 2023 to 2033.
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“Sales are anticipated to increase during the projection period due to rising consumer demand for tech-enhanced skincare. Machine learning and artificial intelligence (AI) algorithms are frequently utilized in tech-enhanced skincare apps and platforms,” says a lead analyst at Future Market Insights (FMI).
Competitive Landscape
Renowned firms in the skin toner market are investing heavily in research and development to create cutting-edge products. They are introducing new products while utilizing unique skincare technologies and organic extracts. By distinguishing themselves from their competitors in terms of advancement and efficacy, these actions might aid them in competing with their rivals.
Other manufacturers are developing cutting-edge toners for particular skin types and issues. The need for innovative skin toners is expected to increase as people become more concerned about anti-aging, acne-prone, dry, and oily skin. Businesses would release new goods to address diverse skincare requirements while keeping these worries in mind.
For instance,
- Under her Rhode brand, Hailey Bieber debuted Glazing Milk Essence in June 2023. This light essence is meant to be the first step in one’s skincare regimen and is a crucial prep step. It helps to soothe redness, fortify the skin’s defenses, and intensely hydrate the skin. Ceramides, beta-glucan, a compound of magnesium, zinc, and copper, and a hyaluronic acid complex are among its skin-friendly ingredients.
- In February 2023, Australia-based skincare and cosmetics company Sand & Sky unveiled its newest Marshmallow Toner. This item serves as a cleanser and an exfoliant. Hyaluronic acid, niacinamide, BHA, marshmallow root extract, and AHA are all present. It minimizes the appearance of visible lines and wrinkles while eliminating dead skin cells, reducing pores, and hydrating and brightening the skin.
Get More Valuable Insights into the Skin Toner Market
Future Market Insights (FMI) has released an objective assessment of the global skin toner market, presenting past demand data from 2018 to 2022 and projecting forecast statistics for 2023 to 2033.
The skin toner market is segmented by form (fluid, mist), product (organic, conventional), gender (men, women), distribution channel (convenience stores, supermarkets & hypermarkets, online), and region from 2023 to 2033.
About the Consumer Product Division at Future Market Insights (FMI)
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About the Author:
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work primarily focuses on facilitating strategic decisions, planning and managing cross-functional business operations technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food and beverage reports and studies that include consumer market, retail, and manufacturer research perspectives. She has also been involved in several bulletins in food magazines and journals.
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