LONDON--(BUSINESS WIRE)--Technavio has been monitoring the face cream market and it is poised to grow by USD 6.82 billion during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
- Based on segmentation by product, which is the leading segment in the market?
Anti-aging cream. - What are the major trends in the market?
Growing adoption of AI technology in face cream formulations coupled with the need for natural and organic products. - At what rate is the market projected to grow?
The market is projected to grow at a CAGR of over 3% during 2020-2024. - Who are the top players in the market?
Beiersdorf AG, Coty Inc., Johnson & Johnson, Kao Corp., LOreal SA, Reckitt Benckiser Group Plc, Shiseido Co. Ltd., The Estee Lauder Companies Inc., The Procter & Gamble Co., and Unilever Group. are the top players in the market. - What are the key market drivers and challenges?
The market is driven by the rising demand for natural and organic face creams. However, growing concerns over the safety of synthetic ingredients in face creams might hamper the growth of the market
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Beiersdorf AG, Coty Inc., Johnson & Johnson, Kao Corp., LOreal SA, Reckitt Benckiser Group Plc, Shiseido Co. Ltd., The Estee Lauder Companies Inc., The Procter & Gamble Co., and Unilever Group are some of the major market participants. The rising demand for natural and organic face creams will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Face Cream Market 2020-2024: Segmentation
Face Cream Market is segmented as below:
- Product
- Anti-aging Cream
- Skin Whitening And Sun Protection Cream
- Moisturizer And Anti-acne Cream
- Geographic Landscape
- APAC
- North America
- Europe
- South America
- MEA
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Face Cream Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The face cream market report covers the following areas:
- Face Cream Market Size
- Face Cream Market Trends
- Face Cream Market Industry Analysis
This study identifies the growing adoption of AI technology in face cream formulations coupled with the need for natural and organic products as one of the prime reasons driving the Face Cream Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Face Cream Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist face cream market growth during the next five years
- Estimation of the face cream market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the face cream market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of face cream market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Anti-aging cream - Market size and forecast 2019-2024
- Skin whitening and sun protection cream - Market size and forecast 2019-2024
- Moisturizer and anti-acne cream - Market size and forecast 2019-2024
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Beiersdorf AG
- Coty Inc.
- Johnson & Johnson
- Kao Corp.
- L’Oréal SA
- Reckitt Benckiser Group Plc
- Shiseido Co. Ltd.
- The Estee Lauder Companies Inc.
- The Procter & Gamble Co.
- Unilever Group
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Research Report: Face Cream Market (2020-2024) | Rising Demand for Natural and Organic Face Creams to Boost Market Growth | Technavio - Business Wire
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