Global Face Creams Market Outlook 2024, Forecast To 2033
11 Jan, 2024
The face creams market has witnessed rapid growth, progressing from $16.23 billion in 2023 to $17.88 billion in 2024, reflecting a Compound Annual Growth Rate (CAGR) of 10.1%. Historical growth is linked to skincare awareness, an aging population, beauty and wellness trends, and retail distribution. Expectations for rapid growth continue, with the market projected to reach $26.24 billion in 2028, driven by customization, natural ingredients, sustainability, and eco-friendly packaging, and the expanding men's skincare sector. Key trends include hybrid products, microbiome-friendly formulations, digital retail and e-commerce, and CBD-infused face creams.
Global Face Creams Market Key Driver
The face cream market is set to grow, fueled by the rising demand for natural and organic products. Consumer awareness regarding the risks associated with synthetic face creams has increased demand for natural alternatives. Sales of certified natural, organic, and cosmetic products saw a 15% increase in 2021. With consumers prioritizing products with natural ingredients, the face cream market is expected to witness sustained growth.
Get A Free Sample Of The Global Face Creams Market ReportGlobal Face Creams Market Segments
The face creams market covered in this report is segmented –
1)By Type: Moisture, Healing, Anti-aging, Other Types
2)By Age: 0-1, 2-25, 26-40, 41-55, >55
3)By Gender: Female, Male
4)By Distribution Channel: Multi-Brand Retail Outlets, Online Platforms, Supermarkets/ Hypermarkets, Exclusive Retail Stores, Beauty Parlors/ Salons
5)By Application: Oil Skin, Dry Skin, Neutral Skin, Sensitive Skin, Other Applications
By Geography: The regions covered in the face creams market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the face creams market in 2023. Western Europe was the second-largest region in the global face creams market. The regions covered in the face creams market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major Face Creams Industry Players
Johnson & Johnson Services Inc., L'Oreal S.A., Procter & Gamble Co., The Estee Lauder Companies Inc., Unilever N.V., Alticor Inc., The Body Shop International Limited, Avon Products Inc., Oriflame Cosmetics AG, Shiseido Company Limited, Kao Corporation, Edgewell Personal Care Co., Coty Inc., Beiersdorf AG, Amorepacific Corporation, Chanel S.A., Clarins Group, Colgate-Palmolive Company, Dermalogica Inc., Elizabeth Arden Inc., Henkel AG & Co. KGaA, Kiehl, LVMH Moët Hennessy Louis Vuitton SE, Mary Kay Inc., Natura & Co., Neutrogena Corporation, Olay, Origins Natural Resources Inc., Revlon Inc., The Proactiv Company LLC, Vichy Laboratories
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Face Creams Market Overview
Face creams are cosmetic creams or lotions consisting of any number of various substances in the form of a thick liquid, applied to the face to improve the complexion and to soften and moisturize the skin.
Face Creams Global Market Report 2023 provides data on the global face creams market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The face creams market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.