Moisturizing Cream Market-Overview
The surge in skin conditions such as dryness is estimated to promote the moisturizing cream market. The market's report is efficiently analyzed as per MRFR, which provides outlooks for the global markets. The market is estimated to reach a valuation of USD 18.38 billion by the end of 2024.
The improved spending potential of the end users is estimated further to influence the long-term expansion of the moisturizing cream market. The advancement of the retail channels is further estimated to promote the moisturizing cream market share in the forecast period.
Competitive Analysis
The market is estimated to derive momentum from improvement in operating systems within the market. As the market players understand the advantages of a lean operation framework, the market is estimated to transform considerably. The role of the government bodies in almost every country is estimated to be valuable to restore normalcy and create a growth outlook. The forging of novel international trade relations is estimated to bolster the market's capabilities in the upcoming period. The fast-paced adoption of online services and selling platforms is estimated to reinforce market progress in the upcoming years. The consolidation of market competition is predicted to usher in a new development phase in the impending period. The development of novel production processes is likely to enhance market strength further. The stabilization of demand and supply forces is estimated to open up opportunities for expansion in the forecast period. The earmarked budget for innovation is set to rise with companies realizing the impact of having a progressive product assortment.
The vital contenders in the moisturizing cream market are Galderma Laboratories, L.P. (U.S.), Beiersdorf AG (Germany), Innisfree Corporation (South Korea), Shiseido Company (Japan), Johnson Johnson Services, Inc. (U.S.), L'Oréal S.A. (France), The Procter Gamble Company (U.S.), The Clorox Company (U.S.), The Estée Lauder Companies Inc. (U.S.), Unilever PLC (U.K.), Kao Corporation (Japan), Borghese (Italy), The Face Shop Co., Ltd. (South Korea), Benefit Cosmetics LLC (U.S.) and Mario Badescu Skin Care, Inc. (U.S.)
Segmental Analysis
The segmental scrutiny of the moisturizing cream market research is carried out on the basis of type, category, consumer group, distribution channel, and region. The category segment of the moisturizing cream market consists of mass and premium. The consumer group segment of the moisturizing cream market consists of adults and children. The distribution channel segment of the moisturising cream market consists of store-based and non-store-based The region segment of the moisturizing cream market consists of North America, Europe, Asia Pacific, and other notable regional markets. The type segment of the moisturizing cream market consists of ceramides, occlusive, humectants, and emollients.
Regional Overview
The regional appraisal of the moisturizing cream market share consists of North America, Europe, Asia Pacific, and other notable regional markets. The North American regional market is projected to account for the major revenue portion of the global moisturizing cream market throughout the forecast period due to the rising beauty and personal care businesses, leading to an upsurge in the buying of moisturizing cream in the region. The moisturizing cream market in the Asia Pacific region is anticipated to record the highest CAGR in the forecast period due to growing skin concerns, encouraging consumers to opt for new products. Furthermore, the introduction of an advanced assortment of moisturizing cream for diverse purposes and interests in the region is improving the moisturizing cream market's progress.
Industry Updates:
May 2021 The Regenacol™ Skincare System (Regenacol™), a new skincare line, has been launched to deliver individuals with a ground-breaking approach to anti-aging. Regenacol contains a serum, moisturizing cream, and face mask, which are colostrum-based for naturally visible effects. Regenacol™ utilizes Colostrum-LD® for its abundant skin growth issues, and unique Liposomal Delivery system for an intense rejuvenation feel.
May 2021 Galderma has extended its consumer care collection in Switzerland, where the international dermatology company began and is headquartered. The development offers customers more choices for their dermatology requirements. The change includes the presentation of the dermatologist-recommended CETAPHIL® line for sensitive skin and the growth of the DAYLONG® brand for sun protection. Galderma's DAYLONG range, a market frontrunner in sun protection in Switzerland, has extended just in time for May, which is Skin Cancer Awareness Month
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