NEW
YORK, June 21, 2024 /PRNewswire/ -- The global
face cream market size is estimated to grow by USD 12.20 billion from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of
over 5.21% during the forecast period. Rising demand for
natural and organic face creams is driving market
growth, with a trend towards rising emphasis on product
personalization and customization. However, growing concerns
over safety of synthetic ingredients in face creams poses a
challenge. Key market players include Amway Corp., Avon Products,
Beiersdorf AG, Â International Laboratories Corp. Ltd.,
Johnson and Johnson Services Inc., Kao Corp., Libby Laboratories
Inc., LOreal SA, Lotus Herbals Pvt. Ltd., Lucas Meyer Cosmetics,
Oriflame Cosmetics S.A., Procter and Gamble, Reckitt
Benckiser Group Plc, Reviderm AG, Shiseido Co. Ltd., The Body Shop,
The Estee Lauder Companies Inc., The Himalaya Drug Co., The Natures
Co., Unilever PLC, and Verona Products Professional Sp. Z o.o..
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Face Cream Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
5.21%
|
Market growth
2024-2028
|
USD 12204.2
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
4.85
|
Regional
analysis
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 51%
|
Key
countries
|
China, US, Germany,
Japan, and UK
|
Key companies
profiled
|
Amway Corp., Avon
Products, Beiersdorf AG, Â International Laboratories Corp.
Ltd., Johnson and Johnson Services Inc., Kao Corp., Libby
Laboratories Inc., LOreal SA, Lotus Herbals Pvt. Ltd., Lucas Meyer
Cosmetics, Oriflame Cosmetics S.A., Procter and Gamble, Reckitt
Benckiser Group Plc, Reviderm AG, Shiseido Co. Ltd., The Body Shop,
The Estee Lauder Companies Inc., The Himalaya Drug Co., The Natures
Co., Unilever PLC, and Verona Products Professional Sp. Z
o.o.
|
Market Driver
In the dynamic face cream market, personalization and
customization have become key differentiators for vendors.
Companies like CREMBAR offer handcrafted facial creams, allowing
consumers to specify their product preferences through interactive
tools. This customized approach is essential as the face cream
industry grows, with vendors utilizing consumer feedback to create
tailored solutions.
The facial skincare market is thriving, with a significant focus
on face creams. Occasionally referred to as lotions or treatments,
these products are in high demand due to their ability to provide
various benefits. Some popular trends include anti-aging creams,
which contain active ingredients to reduce the appearance of fine
lines and wrinkles. Another trend is the use of natural and organic
ingredients, as consumers seek out skincare solutions that are kind
to the skin. Additionally, there is a growing interest in sun
protective creams, as people recognize the importance of protecting
their skin from harmful UV rays. Overall, the face cream market is
a dynamic and competitive space, with companies continually
innovating to meet the evolving needs of consumers.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The face cream market has faced challenges due to health
concerns surrounding synthetic ingredients. These include benzoyl
peroxide, triclosan, parabens, hydroquinone, sulfates, fragrances,
resorcinol, synthetic colors, petroleum, methylisothiazolinone,
silicones, mineral oils, and phthalates. The World Health
Organization identifies mercury and glycol ether as hazardous,
leading manufacturers to explore natural and organic alternatives.
This shift increases research and development and production costs,
potentially impacting market growth.
- The face cream market experiences several challenges. Skin
types and concerns vary, requiring diverse formulations. Producers
must create products for oily, dry, sensitive, and combination skin
types. Additionally, consumers seek natural and organic
ingredients, such as aloe leaf extract, cucumber, and fruit
extracts. Sustainability is also a concern, with many looking for
eco-friendly and cruelty-free options. Furthermore, the market is
competitive, with numerous brands offering similar products.
Producers must differentiate themselves through unique selling
propositions, such as advanced technology or innovative
ingredients. Lastly, regulations and certifications add complexity,
requiring adherence to strict standards.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This face cream market report extensively covers market
segmentation by
- Product
- 1.1 Anti-aging cream
- 1.2 Skin whitening and sun protection cream
- 1.3 Moisturizer and anti-acne cream
- Distribution Channel
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Anti-aging cream- The anti-aging face cream
market caters to consumers seeking to address common aging
concerns, such as skin laxity, wrinkles, and eye puffiness and dark
circles. With accelerated aging caused by lifestyle and
environmental factors, demand for these products, particularly
among baby boomers, is increasing. Major vendors like Johnson and
Johnson, L'Oreal, and Unilever provide a selection of anti-aging
creams for men and women, fueling market growth throughout the
forecast period.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Face Cream Market caters to the specific skincare needs of
women, offering a variety of specialized products. These include
organic options for those seeking natural substances, as well as
solutions for blemish removal and acne treatment. Anti-aging and
skin whitening are popular concerns, with some creams incorporating
natural ingredients like Sandalwood and Turmeric. Cruelty-free
goods are increasingly in demand, as are products free from harmful
chemical additives such as Phthalates, Sodium lauryl sulfate, and
Parabens. Steroids and Corticosteroids are sometimes used for skin
disorders, but their long-term effects are a cause for concern.
Digital media plays a significant role in promoting and educating
consumers about skin-related issues. Moisturizers are a staple in
any face cream, ensuring the external looks are healthy and
radiant.
Market Research Overview
The facial cream market encompasses a wide range of skincare
products designed to nourish, protect, and enhance the appearance
of the face. These creams can cater to various skin types and
concerns, including dryness, aging, acne, and sensitivity. The
market offers diverse options, such as organic, natural, and
scientifically advanced formulations. Key ingredients often include
antioxidants, vitamins, minerals, and essential oils. Consumers
seek facial creams for their hydrating, soothing, and rejuvenating
properties. The market is driven by factors like increasing
awareness of skincare, changing demographics, and consumer
preferences for natural and eco-friendly products. The future of
the facial cream market looks promising, with ongoing research and
innovation in skincare technology.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Anti-aging Cream
- Skin Whitening And Sun Protection Cream
- Moisturizer And Anti-acne Cream
- Distribution Channel
-
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio