Face Creams Market 2020 Analysis by Global Manufacturers - Johnson & Johnson Services Inc.; L'Oreal S.A.; Procter & Gamble; The Estee Lauder Companies Inc.; Unilever

The Face Creams Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The global face creams market was worth $53.2 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 10.2% and reach $78.6 billion by 2023.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Face Creams Market: Johnson & Johnson Services Inc.; L'Oreal S.A.; Procter & Gamble; The Estee Lauder Companies Inc.; Unilever and others.

Industry News:

01.22.19: San Francisco-based Gryphon Investors, a middle market private equity firm, has announced the acquisition of anti-aging skincare brand RoC, from Johnson & Johnson Consumer Inc. Terms of the deal were not disclosed. RoC has a 60+ year history in anti-wrinkle and anti-aging skincare, with more than 75 products sold in the U.S., Europe, and Latin America. It was created in 1957 by French pharmacist Dr. Jean-Charles Lissarrague. The transaction is Gryphon's second investment in the beauty sector after the firm acquired Indie color cosmetics brand Milani Cosmetics in June 2018.

19.02.2019: L'Oréal's recently acquired Augmented Reality and Artificial Intelligence entity, ModiFace, and L'Oréal Research & Innovation, have announced the launch of a digital skin diagnostic for consumers based on 15 years of scientific research on skin aging by L'Oréal R&I evaluation teams.

This new technology is based on an Artificial Intelligence-powered algorithm developed by ModiFace and nourished by L'Oréal's skin aging expertise and photo database. Using deep learning, the algorithm has been trained on 6000 clinical images from L'Oréal's R&I evaluation and knowledge studies conducted with Skin Aging Atlases, and then a new model has been created on over 4500 smartphones selfies for 3 groups of women (Asian, Caucasian and Afro-American) in 4 different lighting conditions. The results, which were developed with dermatologists, achieved a high level of skin assessment precision. Accurate results were obtained with different facial expressions and photo taking conditions (light, phone position) similar to those used by consumers.

Market Overview:

The rising demand for natural and organic face creams is expected to drive face cream market growth during the forecast period. With the growing awareness of the the risks associated with the prolonged use of face creams made from synthetic materials, the demand for natural and organic face creams has increased. Face cream manufacturers are focusing on developing products using natural ingredients such as aloe vera, clay, hyaluronic acid, antioxidants, coconut, avocado, jojoba, argan oil, carrot seed extracts, sunflower, and olive oil. According to Livemint analysis, the contribution of natural products to personal care has increased from 32% in 2017 to 35% in 2019. According to the survey conducted by Kari Gran, 75% of millennial women prefer buying products manufactured from natural ingredients. This is expected to drive the face creams market.

Strict regulations by government agencies on the use of certain ingredients in making cosmetics is expected to act as a key restraint on the market. These ingredients are prohibited due to their toxicity and their use may lead to various skin diseases. The EU Cosmetics Regulations lists substances that cannot be used and also those that can be used only in specified circumstances. Similarly, the US Food and Drug Administration (FDA) prohibits or restricts a list of ingredients in cosmetics. These prohibited substances include bithionol, chloroform, mercury compounds, methylene chloride, vinyl chloride and chlorofluorocarbon propellants

The demand for multi-benefit combinations has been increasing rapidly. Products such as foundations with anti-aging serums, nail polish with UV protection and anti-aging claims are introduced into the market. Multi-benefit solutions are expected to continue to penetrate further into different categories such as hair care with anti-aging or fragrance to lipsticks with lip care

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Regional Analysis For Face Creams Market:

For comprehensive understanding of market dynamics, the global Face Creams market is analyzed across key geographies namely:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Face Creams Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2020-2023.

Following are major Table of Content of Face Creams Market:

- Global Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
- Global Market competition by top Players
- Analysis by Regions
- Consumption by Regions
- Consumption, By Types, Revenue and Market share by Types
- Consumption, By Applications, Market share (%) and Growth Rate by Applications
- Complete profiling and analysis of Players
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Global Market Effect Factors Analysis
- Global Market Forecast
- Global Market Research Findings and Conclusion, Appendix, methodology and data source

Finally, all aspects of the Global Market are quantitatively as well qualitatively assessed to study the Global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects. The report supplies the international economic competition with the assistance of Porter's Five Forces Analysis and SWOT Analysis.

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