BB Cream Market to Witness Double Digit Growth for Next Five Years
Evolving
consumer lifestyles coupled with rising demand for innovative skincare products
to drive global BB cream market through 2023
According to TechSci Research report, “Global
BB Cream Market By Product Type, By Distribution
Channel, By Region, Competition Forecast and Opportunities 2013 – 2023”, the global BB cream market is projected
to register a CAGR of over 13%, in value terms, during 2018 - 2023. BB Cream,
which stands for Blemish Balm or Blemish Base, is a multi-function cream that
has skincare properties along with healing, soothing and anti-ageing
properties. Rising disposable income, especially in major developing economies,
increasing young population coupled with growing consumer awareness about
skincare products is anticipated to propel demand for BB cream across the globe
in the coming years. Moreover, increasing number of product innovations is one
of the biggest opportunities, which is expected to positively influence the
global BB cream market in the coming years.
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data Tables and 144 Figures spread through 152 Pages
and an in-depth TOC on "Global BB Cream Market"
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On the
basis of type, global BB cream market is segmented into bottled and air
cushioned BB creams. Bottled segment dominated the market in 2017 and is likely
to continue dominating during the forecast period as well. According to the World
Bank, the global number of internet users, which stood at 1.7 billion in 2009
has reached around 3.5 billion in 2016, exhibiting a CAGR growth of 10.51%
during 2009-2016, and this is expected to spur the demand for BB cream through the
online sales channel. Moreover, the global BB cream market is also expected to
benefit during the forecast period from the phenomenon of rising urbanization
across developing as well as developed economies.
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Among distributions
channels, Supermarket/Hypermarket generated
the highest sales for BB cream, globally, in 2017 and this trend is likely to continue
during forecast period as well due to the convenience of having multiple brands
available at a single location along with lucrative discounts and offers. In
2017, Asia-Pacific accounted for the largest share in the global BB cream
market, owing to high demand from major developing economies such as China and
India. “Rising consumer awareness about beauty products, rising
income levels coupled with burgeoning number of women joining the global workforce,
are few of the major factors anticipated to fuel demand for BB cream across the
globe over the course of next five years. Moreover, continuous product development
by the leading market players and increasingly
attractive packaging, especially in skincare products such as
BB creams, is likely to further stimulate BB cream sales in the coming years,
globally.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global BB Cream Market By Product Type,
By Distribution Channel, By Region, Competition Forecast and Opportunities 2013
– 2023” has
evaluated the future growth potential of BB cream market and provides
statistics and information on market structure, size, share and trends. The
report is intended 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 present in global BB cream market.
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