Moisturizing Cream Market to Grow with a CAGR of 7.5% through 2029
Rising skincare consciousness and changing beauty
standards are driving the Global Moisturizing Cream Market in the forecast
period.
According to TechSci Research report, “Moisturizing
Cream Market - Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2029”, the Global Moisturizing Cream Market stood at USD 10.99
Billion in 2023 and is anticipated to grow with a CAGR of 7.5% in the forecast
period, The global moisturizing cream market is a thriving segment
within the broader skincare industry. It has experienced significant growth and
transformation in recent years, driven by a range of factors and evolving
consumer preferences.
One of the primary drivers of the global moisturizing
cream market is the increasing awareness of skincare. Consumers worldwide are
becoming more conscious of the importance of taking care of their skin. This
heightened awareness extends to understanding the adverse effects of
environmental factors, such as pollution and UV radiation, as well as the
natural aging process on the skin. As a result, there is a growing demand for
high-quality moisturizing creams to help maintain and enhance the health and appearance
of the skin.
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The beauty industry is in a state of constant
evolution. Recent years have witnessed a shift from traditional beauty
standards that often promoted unrealistic ideals to a more inclusive approach.
There is a growing emphasis on embracing natural beauty, prioritizing healthy,
radiant skin over heavy makeup and complex skincare routines. This shift aligns
with the desire for moisturizing creams that offer effective hydration and skin
nourishment, helping individuals achieve a more natural, healthy appearance.
Innovation in product formulations has been a pivotal
factor in shaping the global moisturizing cream market. Manufacturers are
continuously developing new formulations that incorporate natural and organic
ingredients, which appeal to the growing demand for cleaner skincare products.
These ingredients, such as hyaluronic acid, ceramides, antioxidants, and
botanical extracts, are known for their skin-nourishing and hydrating
properties. This trend allows moisturizing creams to address a wide range of
skin concerns, making them suitable for different skin types and conditions.
The rise of e-commerce and online retail platforms has
revolutionized the way consumers access skincare products, including
moisturizing creams. The convenience of online shopping enables consumers to
explore a vast array of moisturizing cream products from both established
brands and emerging players. Online retail platforms have expanded the reach of
skincare products, making them accessible to a global customer base. The
ability to compare products, read reviews, and make informed purchasing
decisions online has significantly contributed to the growth of the global
moisturizing cream market.
The convergence of the beauty and wellness industries
has led to the promotion of skincare as an essential component of overall
well-being. Consumers are now seeking skincare products that not only enhance
their appearance but also contribute to their health. This holistic approach
involves choosing moisturizing creams that are free from harmful ingredients
and provide additional benefits, such as sun protection, anti-aging properties,
or skin-soothing attributes. This trend reflects consumers' desire for products
that align with their health and wellness goals.
The global moisturizing cream market is
a dynamic and evolving sector within the broader skincare industry. Its growth
is driven by factors such as increasing skincare awareness, changing beauty
standards, product innovation, the rise of e-commerce, and the influence of
health and wellness trends. The market is characterized by a broad range of
products, from traditional creams to specialized formulations, and offers ample
opportunities for established and emerging brands to cater to the diverse needs
and preferences of consumers worldwide. As the market continues to evolve, it
is essential for businesses to stay attuned to these drivers to thrive in the
competitive skincare industry.
The Global Moisturizing Cream Market is segmented into
category, type, sales channel, regional distribution, and company. Based on category the market is segmented into premium
and mass.
The global moisturizing cream market is witnessing a
significant upsurge in demand for premium products. The mass segment dominates the global moisturizing cream market due to its affordability, widespread availability, and appeal to a broad consumer base. These products are designed to meet the basic skincare needs of a diverse population, offering effective hydration at competitive prices. Major brands utilize extensive distribution networks to ensure easy access to their products across various retail channels, from supermarkets to online platforms. The emphasis on value for money and the inclusion of essential moisturizing ingredients make mass segment creams highly attractive to cost-conscious consumers. Additionally, strategic marketing campaigns and endorsements by trusted dermatologists further enhance their market penetration, securing the mass segment's leading position in the global moisturizing cream market.
Based on type the market is segmented into face
moisturizer and body moisturizer. Based on sales channel the market is segmented into hypermarkets/supermarkets,
retail stores, beauty salon, online, others. Based on region the market is segmented into five
regions, North America, Europe, Asia Pacific, Middle East & Africa, and
South America.
Major companies operating in Global Moisturizing
Cream Market are:
- Johnson
& Johnson Services, Inc.
- Unilever
PLC
- L'Oréal S.A.
- The
Procter & Gamble Company
- Coty,
Inc
- Amway
Corporation
- The
Avon Company
- Amorepacific
Corporation
- Henkel
AG & Co. KGaA
- Kao
Corporation
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“Customization and personalization in products is a
significant trend that is expected to have an impact on growth over the
forecasted period. Rising consumer awareness, establishment of regulatory
standards and certifications and changing beauty standards will positively
impact the Global Moisturizing Cream Market. Due to the wide range of products
available to meet specific needs of, as well as the growing popularity of the online
sales channel, the market is growing at impressive rate through projected
period,” said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based management consulting firm.
“Moisturizing
Cream Market– Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Category (Premium, Mass), By Type (Face Moisturizer, Body Moisturizer),
By Sales Channel (Hypermarkets/Supermarkets, Retail Stores, Beauty Salon,
Online, Others), By Region, By Competition, 2019-2029”, has
evaluated the future growth potential of Global Moisturizing Cream Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Moisturizing Cream Market.
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