Body Firming Creams Market Share, Trends Analysis & Industry Report, 2020-2027
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Body Firming Creams Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The increasing visual appearance consciousness among millennials, along with the rising disposable income worldwide, are the key drivers stimulating the growth of the global body firming creams. The surging significance of consumers purchasing skincare products and the adoption of a healthy lifestyle is encouraging them to stimulate their spending on anti-aging products. Moreover, the huge expansion in the population rate will significantly boost the demand for body firming creams at the global level.
The rising concern about the harmful effects related to the ingredients used in synthetic creams is inducing the consumers to choose organic firming creams with natural ingredients. Leading multinational giants are largely focusing on product innovations to capture the altering demand of the consumers. For example, many manufacturers are offering a wide variety of products with organic ingredients such as coconut oil, avocado oil, jojoba, and aloe vera to earn a competitive advantage over other players. These ongoing innovations in the product portfolio will captivate new customers to the market in the next few years. However, the complex norms associated with beauty care products and augmenting trade tariffs are likely to hinder the growth of the market.
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Based on region, North America is predicted to dominate the market during the forecast period because of the growing aging population coupled with the huge demand for anti-aging products in this region. In addition to this, increasing focus on natural and organic body care products will boost the demand for body firming creams in this region. On the other hand, The Asia-Pacific region is anticipated to expand at a faster CAGR over the forecast period owing to the expanding purchasing power of consumers and the rising demand for personal care products in Japan, India, China, and South Korea. Moreover, the augmenting population rate of upper and middle-class people, along with the rising disposable income of individuals, will propel the demand for body firming creams in the Asia-Pacific region.
Body Firming Cream Market’s leading Manufacturers:
• The Estée Lauder Companies Inc.
• Kao Corporation
• Sol de Janeiro
• Johnson & Johnson
• Beiersdorf AG
• Shiseido Company
• The Procter & Gamble Company
• ET Browne Drug Co. Inc.
• Clarins Group
• L’Oréal S.A.
Body Firming Cream Market Segmentation:
Segmentation by Product Type:
• Plant Extract
• Non-plant Extract
Segmentation by Distribution Channel:
• Specialized Stores
Segmentation by Region:
• North America
o United States of America
• Asia Pacific
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
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GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.
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