2021 Global Moisturizing Cream Market, Size, Share, Outlook and Growth Opportunities, Forecast to 2027.
Market Overview
Global Moisturizing Cream Market is expected to register a growth rate of 4.20% during the forecast period. The market is expected to garner a value of approximately USD 18.38 billion by the end of 2024. Moisturizing cream helps in retaining moisture of the skin and protects against skin dehydration. In addition to that, moisturizing creams have varied applications, including skin treatment, tissue cuts repair, anti-aging property, and others. Increasing skin concerns among the consumers and growing beauty and personal care industry are driving the market of moisturizing cream as a potential skin care product globally. Various brands in the market are focusing on their research and development activities to launch a new and innovative type of moisturizers for different skin concerns of the consumers. This attracts more consumers to invest in such products as that help them to maintain healthy skin. Also, altering changes in growing beauty industries is leading to a rise in demand for innovative products. Thus, these factors are expected to boost the moisturizing cream market growth during the forecast period.
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Competitive Landscape
- Beiersdorf AG (Germany)
- L’Oréal S.A. (France)
- The Estée Lauder Companies Inc. (US)
- Shiseido Company (Japan)
- Johnson & Johnson Services, Inc. (US)
- The Procter & Gamble Company (US)
- The Clorox Company (US)
- Unilever PLC (UK)
- Kao Corporation (Japan)
- Borghese (Italy)
- The Face Shop Co., Ltd. (South Korea)
- Galderma Laboratories, L.P. (US)
Market Segmentation
The global moisturizing cream market segmentation has been classified as type, category, consumer group, distribution channel, and region.
By type, the global market has been categorized as emollients, ceramides, occlusive, humectants, and others. The emollients segment is expected to hold the majority market share, and the same segment is projected to register the highest CAGR during the review period according to the MRFR analysis.
Based on the category, market has been segmented into premium and mass. The mass segment is expected to hold the majority market share and as well as is projected to register the highest CAGR during the review period, according to the MRFR analysis.
Based on the consumer group, the global market has been bifurcated into the adult and children. The adult segment dominated the market in the year 2018 and also is expected to be the fastest growing segment during the forecast period.
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Regional Analysis
North America is expected to account for the largest revenue share of the global moisturizing cream market during the research period due to the growing beauty and personal care industry which is subsequently leading to the rise in the purchase of moisturizing cream in the region. However, the moisturizing cream market in Asia-Pacific is expected to register the highest CAGR during the forecast period due to increasing skin concerns, encouraging consumers to opt for such products. Moreover, the launch of an innovative variety of moisturizing cream for different purposes and interests in the region is boosting the moisturizing cream market growth.
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