Market Size –
The face creams market size has grown rapidly in recent years. It will grow from $16.23 billion in 2023 to $17.88 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to skincare awareness, aging population, beauty and wellness trends, retail distribution.
The face creams market size is expected to see rapid growth in the next few years. It will grow to $26.24 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to customization and personalization, natural and clean ingredients, sustainability and eco-friendly packaging, men’s skincare. Major trends in the forecast period include hybrid products, microbiome-friendly formulations, digital retail and e-commerce, cbd-infused face creams.
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Scope Of Face Creams Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Face Creams Market Overview
Market Drivers –
The rising demand for natural and organic face creams is expected to drive the face cream market growth during the forecast period. With the growing awareness of the risks associated with the prolonged use of face creams made from synthetic materials, the demand for natural and organic face creams has increased. Face cream manufacturers are focusing on developing products using natural ingredients such as aloe vera, clay, hyaluronic acid, antioxidants, coconut, avocado, jojoba, argan oil, carrot seed extracts, sunflower, and olive oil. For instance, in March 2022, according to Cosmetics Design, a US-based manufacturer of cosmetics, sales of Soil Association-certified natural, organic, and cosmetic products increased by 15% in 2021, bringing in $181.74 million (£138.23 million). Sales of COSMOS-certified products increased by 32% in 2021 over 2020, and 50,000 products and ingredients were also certified by the COSMOS standard in 2021. This is expected to drive the face cream market.
The face creams market covered in this report is segmented –
1) By Type: Moisture, Healing, Anti-aging, Other Types
2) By Age: 0-1, 2-25, 26-40, 41-55, >55
3) By Gender: Female, Male
4) By Distribution Channel: Multi-Brand Retail Outlets, Online Platforms, Supermarkets/ Hypermarkets, Exclusive Retail Stores, Beauty Parlors/ Salons
5) By Application: Oil Skin, Dry Skin, Neutral Skin, Sensitive Skin, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the face creams market in 2023. Western Europe was the second-largest region in the global face creams market. The regions covered in the face creams market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Key Companies –
Major companies operating in the face creams market include Johnson & Johnson Services Inc., L’Oreal S.A., Procter & Gamble Co., The Estee Lauder Companies Inc., Unilever N.V., Alticor Inc., The Body Shop International Limited, Avon Products Inc., Oriflame Cosmetics AG, Shiseido Company Limited, Kao Corporation, Edgewell Personal Care Co., Coty Inc., Beiersdorf AG, Amorepacific Corporation, Chanel S.A., Clarins Group, Colgate-Palmolive Company, Dermalogica Inc., Elizabeth Arden Inc., Henkel AG & Co. KGaA, Kiehl, LVMH Moët Hennessy Louis Vuitton SE, Mary Kay Inc., Natura & Co., Neutrogena Corporation, Olay, Origins Natural Resources Inc., Revlon Inc., The Proactiv Company LLC, Vichy Laboratories
Table of Contents
1. Executive Summary
2. Face Creams Market Report Structure
3. Face Creams Market Trends And Strategies
4. Face Creams Market – Macro Economic Scenario
5. Face Creams Market Size And Growth
…..
27. Face Creams Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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