Global BB cream market was valued at USD 5.06 billion in 2023, expected to reach USD 9.8 billion in 2031, with a CAGR of 8.7% for the forecast period between 2024 and 2031. The Blemish Balm (BB) cream market is expected to rise due to young consumers’ growing desire for high-quality, innovative skincare products. It is anticipated that the growing number of young people entering the workforce and households with double incomes would increase demand. Furthermore, it is anticipated that the popularity of BB creams will increase due to changing lifestyles and the desire to look attractive.
Additionally, increasing awareness of the damaging effects of ultraviolet (UV) radiation and changing climate conditions will increase demand for BB creams. The scope of packaging will also expand in future due to the increased demand for multipurpose packaging. BB cream’s demand is expected to be driven by most consumers choosing products with various advantages and suitable packaging.
The market is expected to be further driven by the growing demand for natural and organic products free of unwanted chemicals, parabens, additives, and fillers. Many well-known beauty product manufacturers are branching out into organic, herbal, and natural product lines, which is expected to lead to an increase in commercial prospects in the near future.
Additionally, men’s skincare product demand is predicted to increase significantly, leading to a surge in BB cream market demand. Many businesses have increased the variety of packaging they offer in response to males becoming more fashion conscious. Men’s needs for personal care are expanding beyond standard grooming items like razors and deodorants to skincare products, including anti-aging products and other makeup products.
In March 2023, Erborian launched a new clean BB cream with an all-in-one formula that provides medium coverage, moisturizing benefits, and protection from UV rays. The brand claims to offer ‘baby skin’ effect to the users with its vegan formula containing white ginseng, plant extracts, and glycerin.
Rising Demand for Innovative Products Fuels Market Growth
Growing demand for innovative skincare and cosmetic products drives the growth of global BB cream market. The multifunctional benefits of BB creams that incorporate moisturizing, sun protection, and skin tone uniformity properties align well with the desires of modern consumers for perfection and minimalism in their skincare regimes. Moreover, advanced formulations have also led to the development of BB creams with enhanced textures, boosting their popularity. Manufacturers emphasize creating products to soothe sensitive skins as people worry about the allergic reactions of such cosmetics on their skin. Gel based BB creams also add to the upcoming global BB cream trends. In January 2024, Kosas Tinted Skincare range launched a new product, BB Burst, in the form of tinted gel cream comprising hydrating sodium PCA; smoothing and barrier-supporting saccharide isomerate; collagen-supporting copper peptides for plumping and firmness; and zinc oxide to soothe sensitive skin and reduce redness. The product claims to hydrate the skin, while delivering light, buildable coverage, along with a blurring effect.
Asia-Pacific Dominates the Market
Due to a shift in consumer demand from older to younger consumers and the region’s expanding personal care industry, Asia-Pacific leads the global BB cream market. Specific market-affecting factors and modifications in domestic laws that impact the market’s current and future developments help the region to hold a dominant position. Some of the main indicators used to predict the market state are consumption volumes, production volumes, import-export analysis, price trend analysis, raw material costs, and downstream and upstream value chain analysis. Emerging economies, like India are witnessing a revolutionary shift in the skincare and makeup segment.
In May 2023, India-based CavinKare’s skincare brand, Spinz, launched its signature BB Pro Face Cream in three new variants – Beige, Amber, and Gold. The product is a multipurpose BB cream that provides the benefits of brightening, moisturizing, dark spots coverage, along with SPF 20 PA++.
Moreover, a strong emphasis on skincare, a desire for a fresh, natural look, and a strong infrastructure for the beauty sector mainly drive the market in East Asia. South Korea based companies have expanded their presence internationally by manufacturing innovative products using unique formulas, contributing to the dominance of the region in the market.
Tube Packaging Type Holds the Larger Market Share
Tube packaging is the largest category for packaging solutions for BB creams. Squeezable plastic tubes have long been used in the personal care business to package products like toothpaste. Nonetheless, the rising need for face cleansers and moisturizers makes them more well-liked in skincare. This has prompted numerous businesses to enhance the value of their goods by developing multipurpose packaging, with BB cream being the most popular option. Since plastic packaging is more common than glass for these creams, the market for tubes is anticipated to grow significantly throughout the projected time.
Future Market Scenario (2024 – 2031F)
- Competition will foster a continuous quest for innovation and outstanding performance as businesses aim to set themselves apart via better product quality, pricing strategies, and customer happiness.
- The growing trend towards sustainable and eco-friendly products is also expected to enhance the BB cream market. Products formulated with natural and chemical-free ingredients will notice a surge in demand.
- Companies are expected to develop their product portfolios according to consumers’ evolving tastes and preferences, with emphasis on products for various skin types, shades, and other skincare benefits.
Report Scope
“BB Cream Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of the global BB cream market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, future market scenario, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.
Contact
Mr. Vivek Gupta
5741 Cleveland street,
Suite 120,
VA beach, VA,
USA 23462
Tel: +1 (757) 343-3258
Email: info@marketsandata.com
Website: https://www.marketsandata.com/