The global night creams market size is expected to reach USD 11.62 billion
by 2025, according to a new report by Grand View Research, Inc. It is
anticipated to register a CAGR of 7.24% during the forecast period. Night
creams are ultra-hydrating, deep nourishing, and restorative. The product uses
high amount of emollients so they are more moisturizing and leave an oily
texture on skin. Consumers with extreme dryness of skin require heavier creams.
These products are generally preferred to apply during night to avoid
interference of hydrating element of cream with makeup during day time. This
factor is projected to drive the product demand in near future.
The market is driven by high growth of
cosmetic products in Asia Pacific along with rise in sales of anti-aging
products. Growing concerns regarding skin problems along with rise in
disposable income of consumers are anticipated to further drive the demand.
Moreover, growth os skin lightening, moisturizing, and anti-aging product
sectors is expected to fuel the overall market during the forecast period.
A rising number of manufacturers and
distributors are entering the skin care industry, due to the rising demand for
the products that help different issues including skin hydration, elasticity,
color complexion, and softeness. However, the impact of e-commerce channels,
specialty and convenience stores, cost effectiveness of product, and concerns
regarding skin damage creates a huge opportunity for the market growth.
Asia Pacific night creams market is
anticipated to witness growth due to increasing consumer awareness regarding
skin care product categories along with growing product launches by the key
manufacturers. Europe is anticipated to witness a rise in sales over the
forecast period. For instance, Germany consumed the largest number of personal
care and cosmetics product with a value of EUR 13.54 billion in 2017.
Growing consumer awareness regarding
multi-functional products such as the combination of benefits such as
anti-aging and moisturizing, is anticipated to create growth opportunities for
the key players. The key manufacturers engage in strategies such as product
launches, acquisitions, promotional campaigns, and capacity expansions to gain
greater market share.
The market is recognized by the initiatives
such as, acquisitions, mergers, online sales, limited extension, and
development endeavors by the key players such as L’Oréal SA, Shiseido group,
Avon Inc., Beiersdorf AG, and Estée Lauder Inc. For instance, in February 2018,
Clarins promotional campaign for the millennials as a Worth the Wrinkle
campaign for night cream. The company also targeted young aged population about
their views on aging to look real and perfect.
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https://www.grandviewresearch.com/industry-analysis/night-creams-market
https://www.grandviewresearch.com/industry-analysis/night-creams-market
Further key findings from the report suggest:
· In terms of revenue,moisturizing product is
projected to ascend at a CAGR of 6.83% over the forecast period from 2019 to
2025
· Offline channel led the global night creams
market with a share of over 86.60% in 2018
· Europe held the leading market share of
36.54% and is expected to witness significant growth in the forthcoming years
· The growing skin care industry on account
of rise in concerns regarding skin problems mainly in developed countries is
expected to further propel the market
· The market is highly competitive in nature
with the presence of the main players including L’Oréal SA; Shiseido Group;
Avon Inc.; Beiersdorf AG; and Estée Lauder Inc.
Grand View Research has segmented the
global night creams market on the basis of product, distribution channel, and
region:
Night Creams Product Outlook (Revenue, USD
Billion, 2015 - 2025)
·
Moisturizing
·
Anti-aging
·
Skin Whitening
·
Others
Night Creams Distribution Channel Outlook
(Revenue, USD Billion, 2015 - 2025)
·
Online
·
Offline
Night Creams Regional Outlook (Revenue, USD
Billion, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
