According to senior analyst of consumer insights at Datamonitor, Ramaa Chipalkatti, global spending on skincare products in 2012 was $82billion, where two-thirds of spending comprised of facial skin care.
"Overlaps are bridging the gap between care and cure, evidenced by hypoallergenic and anti-bacterial skincare innovation is an emerging trend in beauty product innovation, with many food and drink products, as well as supplements, claiming several skincare benefits," she states.
Elsewhere sun care, the analyst indicates, is the fastest growing segment within the skin care category and is also gaining in popularity.
There is also a significant cross between topical pharmaceutical and cosmetic skin care products with one of the primary reasons being down to conventional pharmaceuticals requiring extensive testing and regulation.
Here, Ramaa further reveals which segments are dominating the sector and highlights what innovations are catering to consumer demands...