Colgate-Palmolive Exploring Sale Of Some Personal Care Brands, Sources Say
-Reuters Exclusive
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-Reuters Exclusive
The global skin care products market is projected to grow from USD 166 billion in 2025 to USD 262 billion by 2034, with a CAGR of approximately 5%. Growth is driven by rising consumer awareness of skin health, increasing disposable incomes, demand for premium and personalized products, and the influence of social media trends. Asia-Pacific leads with 38% market share, while North America is the fastest-growing region. Key players include L'Oréal, Unilever, Procter & Gamble, and Estée Lauder.
Procter & Gamble's Fabric & Home Care segment displays mixed performance with Fabric Care showing low-single digit growth while Home Care declined in Q4 fiscal 2026. The company faces competitive pressure in Europe but is seeing improvement in U.S. Fabric Care momentum and China share growth. Innovation initiatives like Tide upgrades and Mr. Clean expansions are driving growth, though the segment remains a concern overall.