Moisturizing Cream Market share, Size |Industry Growth 2028
According to TechSci Research report, “Global Moisturizing Cream Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Moisturizing Cream Market stood at USD 10.99 Billion in 2022 and is anticipated to grow with a CAGR of 7.5% in the forecast period, 2024-2028. 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. This increasing demand is fueled by consumers’ desire for higher quality skincare solutions. Premium moisturizing creams are perceived as more effective, often featuring advanced formulations, superior ingredients, and elegant packaging, offering consumers a sense of indulgence and enhanced self-care. As discerning consumers seek products that address specific skincare needs and elevate their skincare routines, premium moisturizing creams have become a sought-after choice.
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
- 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 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 with 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, 2018-2028”, 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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