The global gold-infused skin care market garnered a market value of USD 3,412.3 Million in 2022 and is expected to accumulate a market value of USD 14,238.9 Million by registering a CAGR of 15.4% in the forecast period 2022 to 2032.
The growth of the gold-infused skin care market can be attributed to an increasing inclination towards investing in anti-aging products. The market for gold-infused skin care registered a CAGR of 12.3% in the historical period 2016 to 2021.
| Data Points | Key Statistics |
|---|---|
| Estimated Base Year Value (2021) | USD 2,945.86 Million |
| Expected Market Value (2022) | USD 3,412.3 Million |
| Anticipated Forecast Value (2032) | USD 14,238.9 Million |
| Projected Growth Rate (2022 to 2032) | 15.4% CAGR |
Gold is used in various skin diseases and arthritis due to its anti-inflammatory property. Anti-aging property leads to its high use of gold in the large range of cosmetics. The global gold-infused beauty products market is expected to have a significant growth rate, attributed to the growing cosmetic industry, the rapid rate of urbanization, and changing the lifestyle of consumers.
Consumers are looking for different options in skin care products. From organic, and natural to now gold-infused skin care products are taking over the market. In addition, the use of 23K and 24K carat gold used in skin care products is gaining the trust of consumers. Moreover, gold-infused skin care offer helps in reducing wrinkles, preventing radical damage, and reducing inflammation.
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The growth of the global gold-infused beauty products market is driven by growing demand for cosmetics and increasing investments in the personal care industry. Macroeconomic factors such as changing lifestyles, a growing economy, rapid rate of urbanization, increasing per capita income, and increasing employment rate are driving the global gold-infused beauty products market.
The properties of gold such as anti-inflammatory and anti-oxidant are contributing to the growth of the gold-infused skin care market. In addition, some of the factors trending in the global gold-infused beauty products market include mergers & acquisitions and geographical expansion by gold-infused beauty products market players.
However, the high cost of gold leads to an increase in the cost of final products, which, in turn, results in restraining the global gold-infused beauty products market. Moreover, in developing regions, manufacturers of gold-infused skin care products are not launching the same owing to a lack of awareness exhibited by people.
In addition, in comparison to other skin care products such as organic and conventional, gold-infused skin care products are fairly new. This is creating a lack of awareness amongst consumers. All these factors are affecting the growth of gold infused skin care market.
Consumers in the USA are preferring quality over quantity and other aspects when choosing personal skin care products. Moreover, the market in North America for skin care is highly competitive owing to the presence of major key players.
Women, especially are largely contributing to the gold-infused skin care products owing to the properties it offers. Thus, due to the aforementioned reasons, North America is expected to hold a 22% market share for the gold-infused skin care market in 2022.
Reports state that more than 90% of people in Europe are investing in make-up and skin care products. In addition, skin care companies are launching exclusive gold-infused skin care products for different age groups. This, in turn, is attracting consumers to invest in the same.
Gold content has found its place in serums, foundation primers, and eye creams. All these factors are influencing the growth of gold-infused skin care products. Thus, owing to the reasons mentioned above, Europe is expected to possess a 27% market share for the gold-infused skin care market in 2022.
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Expansion of the retail industry in countries like India, China, and Australia is positively influencing the growth of gold infused skin care market. In comparison to other regions, the penetration of gold-infused skin care products is low.
The presence of E-commerce websites has given an added advantage for the exportation of gold-infused skin care products in the region. Thus, Asia Pacific is expected to hold a 20% market share of gold infused skin care market in 2022.
In recent years, cosmetics and personal care has scaled new heights. From incorporating unique and novel ingredient formulations to introducing eco-friendly products, the industry has seen significant developments across various geographies. The introduction of gold-infused skin care products is one such achievement. Key start-up players in the gold-infused skin care market are RAS Luxury, Tatcha, Sunday Riley, 111SKIN, and Glossier.
Key players in the gold-infused skin care market are La Prairie, Amala, Tatcha, Cle de Peau, Merle Norman, The A Method, Chantecallie, Physicians Formula, Keys Soulcare, Peter Thomas Roth, Knesko Skin and 111Skin
| Report Attribute | Details |
|---|---|
| Market Value in 2022 | USD 3,412.3 Million |
| Market Value in 2032 | USD 14,238.9 Million |
| Growth Rate | CAGR of 15.4% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product, Distribution Channel, Gender, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Australia, New Zealand, China, Japan, South Korea, Malaysia, Singapore, GCC Countries, South Africa, Israel |
| Key Companies Profiled | La Prairie; Amala; Tatcha; Cle de Peau; Merle Norman; The A Method; Chantelle; Physicians Formula; Keys Soulcare; Peter Thomas Roth; Knesko Skin; 111Skin |
| Customization | Available Upon Request |
FMI projects the global gold-infused skin care market to expand at a 15.4% value CAGR by 2032
Europe is expected to possess a 27% market share for the gold-infused skin care market in 2022.
La Prairie, Amala, Tatcha, Cle de Peau, Merle Norman, The A Method, Chantecallie, Physicians Formula, Keys Soulcare, Peter Thomas Roth, Knesko Skin, and 111Skin are some prominent gold-infused skin care manufacturers
| Market Size (2023E) | USD 22,784.46 Million |
|---|---|
| Market Projected Size (2033F) | USD 41,579.95 Million |
| Value CAGR (2023 to 2033) | 6.2% |
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