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Night Creams Market Growing at 6.4% CAGR to Hit USD 11.4 Billion | Growth, Share Analysis, Company Profiles
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The report offers anextensive analysis of changing market dynamics, top winning strategies, business performance, top impacting factors, and competitive scenario.
Aggressive marketing strategies and attractive packaging, innovation in night creams, and awareness about the skin healing propertiesdrive the growth of the global night creams market. However, availability of alternative products hinders the market growth. On the other hand, increase in penetration of e-commerce platform and rise in demand for luxury cosmetic products create new opportunities in the coming years.
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Covid-19 scenario:
During the coronavirus pandemic, the operational activities in the cosmetics and personal care industry have been slowed down due to government restrictions on the number of workers.
Halt in the services offered by the beauty stores and disruptions in the supply chain have resulted in product shortages.
The report offers a detailed segmentation of the global night creamsmarket based onproduct type, distribution channels, and region.
Based on product type, the moisturizing cream segment contributed to the largest share in 2018, accounting for nearly three-fifths of the total share, and is estimated to maintain its dominant position during the forecast period. However, theskin whitening cream segment is expected to register the highest CAGR of 7.8% from 2019 to 2026.
Based on distribution channel, the supermarket/hypermarket segment accounted for the largest share in 2018, holding more than two-fifths of the total share, and is expected to maintain the largest share throughout the forecast period. However, the e-commercesegment is estimated to portray the highest CAGR of 8.6% during the forecast period.
Based on region, North America contributed the highest share, accounting for more than one-third of the total market share in 2018, and will maintain its dominance throughout the forecast period. However, LAMEA is expected to grow at the highest CAGR of 9.9% from 2019 to 2026.
Key Findings of the Study
The Skin whitening creams segment is expected to grow at a CAGR of 7.8% during the forecast period.
North America is anticipated to dominate the Night creams market growth, registering a CAGR of 5.8% during the forecast period.
Asia-Pacific is projected to exhibit exponential growth throughout 2026, registering the highest of CAGR 6.7% during the forecast period.
The Convenience stores distribution segment is anticipated to dominate the global Night creams market analysis, with a CAGR of 8.1% during the forecast period.
The E-commerce segment is estimated to grow at a CAGR of 8.6% during the forecast period.
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The key players operating in the global night creams industry include Shiseido Co. Ltd., Solstice Holding, Estee Lauder Companies, Clinique Laboratories, L'Oreal S.A., Procter & Gamble, Unilever PLC, VLCC Health Care, Himalaya Global Holdings, Beiersdorf AG and Guerlain. Other key vendors analyze in the study are Elizabeth Arden, Clarins and Nivea, Lancome, Avon, Revlon, among others
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Related Reports :
Hand Cream Market https://www.alliedmarketresearch.com/hand-cream-market-A07502
Skin Care Products Market https://www.alliedmarketresearch.com/skin-care-products-market
Men Personal Care Market https://www.alliedmarketresearch.com/men-personal-care-market
Related Article:
https://www.globenewswire.com/news-release/2020/07/13/2061342/0/en/Global-Night-Creams-Market-to-Reach-11-4-Billion-by-2026-AMR.html
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