Global Moisturizing Cream Market

Moisturizing Cream Market Size, Share, Growth Analysis, By Type(Face Moisturizer, and Body Moisturizer), By Form(Cream, Lotion, and Gel), By End-user(Men, Women, and Infant & Kids), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25A2171 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 89 | Figures: 76

Moisturizing Cream Market Insights

Global Moisturizing Cream Market size was valued at USD 10.12 billion in 2022 and is poised to grow from USD 10.57 billion in 2023 to USD 15.01 billion by 2031, growing at a CAGR of 4.48% in the forecast period (2024-2031).

The global market for moisturizing cream within the skincare product sector is experiencing a notable surge, primarily propelled by escalating skin-related concerns among consumers and the expanding beauty and personal care industry. Numerous brands within this industry are directing substantial research and development endeavors towards introducing innovative and diverse moisturizers tailored to address various skin issues. This concerted effort stimulates a growing consumer interest in investing in products that effectively maintain skin health.

Additionally, the burgeoning beauty industry, characterized by evolving trends, is fostering a heightened demand for inventive skincare offerings. Consequently, driven by these factors, the moisturizing cream market is anticipated to witness accelerated growth rates over the forecast period.

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Moisturizing Cream Market size was valued at USD 10.12 billion in 2022 and is poised to grow from USD 10.57 billion in 2023 to USD 15.01 billion by 2031, growing at a CAGR of 4.48% in the forecast period (2024-2031).

The competitive environment of the Moisturizing Cream Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'L'Oréal', 'Coty Inc.', 'Unilever', 'Estée Lauder Companies', 'New Avon Company', 'CHANEL', 'Revlon', 'Giorgio Armani S.p.A.', 'Amway Corp.', 'Johnson & Johnson Services, Inc.', 'Kao Corporation', 'Henkel AG & Co. KGaA', 'L Brands', 'Natura', 'Oriflame Cosmetics AG', 'Babor', 'Lotus Herbals', 'Mary Kay Inc.', 'Nature Republic USA,', 'Clarins'

The increasing emphasis on personal appearance and skin wellness, coupled with increased disposable income, is fueling a significant uptick in the demand for skincare items, particularly moisturizing products. The combination of hectic lifestyles and exposure to environmental pollutants has notably impacted skin health, elevating the necessity for high-quality skincare solutions. Moreover, the improving economic landscapes in developing nations, coupled with a growing aging population, contribute substantially to the burgeoning demand for a diverse range of moisturizing skin care products. These factors collectively underpin the robust growth prospects of the skincare market, accentuating the essential role these products play in addressing varied skin concerns across demographics.

A noticeable shift in consumer behavior towards skincare products is evident, characterized by a heightened awareness of ingredient sourcing and environmental impact. This trend has sparked increased demand among beauty product manufacturers for clean labels and vegan raw materials in crafting skincare items, including moisturizers. Consumers, particularly those with busy lifestyles, are embracing a 'back to basics' minimalist approach in their skincare routines. This approach aims to streamline regimens by reducing the number of products used, effectively saving time previously spent on extensive routines. As a result, there's a notable surge in demand for multi-use skincare products that offer comprehensive benefits, catering to the needs of maintaining healthy skin within a single product. This shift mirrors an evolving consumer preference for simplicity and efficiency in skincare routines.

North America emerges as one of the swiftly expanding regions in the market, poised for substantial product demand in the coming years. This upward trajectory is driven by an increasing consumer inclination towards personal care items made from natural ingredients, aligning with the prevailing trend favoring natural materials in various beauty formulations. A significant instance of this trend surfaced in January 2023 when Josie Maran, a prominent U.S.-based cosmetics brand, expanded its skincare range by introducing the Pro-Retinol Mega Moisture Face Cream, an anti-aging product.

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Global Moisturizing Cream Market

Report ID: SQMIG25A2171

$5,300
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