Rising skincare awareness and evolving beauty standards propel the Global Moisturizing Cream Market from 2024 to 2028.
TechSci Research’s report, “Global Moisturizing Cream Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the market reached USD 10.99 Billion in 2022 and is expected to grow at a CAGR of 7.5% during 2024-2028. This market, nestled within the broader skincare sector, has undergone significant growth and transformation driven by various factors and shifting consumer preferences.
A key driver of this market’s growth is the escalating skincare consciousness. Consumers globally are increasingly mindful of skin care’s significance, recognizing the impacts of environmental factors like pollution and UV radiation, along with the natural aging process. Consequently, there’s a surging demand for premium moisturizing creams to preserve and enhance skin health and appearance.
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The beauty industry is evolving, shifting towards inclusivity and natural beauty ideals. There’s a growing emphasis on healthy skin over heavy makeup, driving the demand for moisturizing creams.
Product innovation plays a key role in shaping the global moisturizing cream market. Manufacturers are developing formulations with natural ingredients like hyaluronic acid and antioxidants to meet the demand for cleaner skincare.
E-commerce has transformed skincare access, allowing consumers to explore and purchase moisturizing creams conveniently. The online platforms have expanded product reach and empowered consumers with information and reviews.
The convergence of beauty and wellness promotes skincare as essential for overall well-being. Consumers seek moisturizing creams with additional benefits like sun protection and anti-aging properties, aligning with health goals.
The global moisturizing cream market thrives on increasing skincare awareness, beauty standards, and wellness trends. It offers diverse products, catering to varied consumer preferences globally.
The market is segmented by category (premium, mass), type (face, body moisturizers), sales channels (hypermarkets, online, etc.), and regions (North America, Europe, Asia Pacific, Middle East & Africa, South America).
Major companies operating in Global Moisturizing Cream Market are:
- Johnson & Johnson Services, Inc.
- Unilever
- L’Oréal Group
- Procter & Gamble
- Coty, Inc
- ELCA Cosmetics Pvt. Ltd
- New Avon Company
- Amorepacific Corporation
- Henkel AG & Co. KGaA
- Kao Corporation
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“Customization and personalization in products emerge as significant trends expected to impact growth in the forecasted period. Rising consumer awareness, establishment of regulatory standards and certifications, and changing beauty standards will positively influence the Global Moisturizing Cream Market. With a wide range of products catering to specific needs and the increasing popularity of online sales channels, the market is experiencing impressive growth throughout the projected period,” stated Mr. Karan Chechi, Research Director at TechSci Research.
The report “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, 2018-2028,” assesses the future growth potential of the Global Moisturizing Cream Market. It offers statistics and information on market size, structure, and future growth to provide cutting-edge market intelligence and assist decision-makers in making sound investment decisions. Additionally, the report identifies and analyzes emerging trends, drivers, challenges, and opportunities in the Global Moisturizing Cream Market.
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