Market research firm Research and Markets has forecast that the global professional skincare market will increase at a compound annual growth rate of 6.15 per cent over the period 2014-2019.

The analysts said the global professional skincare market is driven by several factors, with the most important being the multi-functionality of cosmetic formulae.

Increase in demand for anti-ageing products, the emergence of tailor-made products, and increased demand for sunscreen products are some other drivers, the company said.

The report, Global Professional Skin Care Market 2015-2019, was based on an in-depth market analysis with input from various industry experts. It includes a discussion on the market, coverage of various products and distribution channels of the global professional skincare market.