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Lotions (Including Sunscreens) Market Growth, Size And Overview Report 2024-2033
Lotions (Including Sunscreens) Market
As per the report, the lotions (including sunscreens) market size has grown rapidly in recent years. It will grow from $50.32 billion in 2023 to $58.19 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%. The lotions (including sunscreens) market size is expected to see rapid growth in the next few years. It will grow to $104.21 billion in 2028 at a compound annual growth rate (CAGR) of 15.7%.
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Rapid Growth In Millennial Population Boosts The Lotion Market
Rapid growth in the millennial population is expected to drive the lotion market. As of 2020, there were approximately 1.8 billion millennials worldwide. Young people tend to spend more than older people on cosmetics to improve their looks and quality of life. Millennials are the largest potential purchasing community for cosmetics in 2019, accounting for around 32% of the world's population, compared to 17 percent for those over 55 years of age. By 2025, millennials are expected to constitute nearly three-quarters of the global workforce. As millennials will represent a large part of the global workforce and play a major role in driving the current economy, their preferences and shopping habits will be an important driving factor for the lotion market.
Growing Demand For Multi-Benefit Combinations Reshapes The Cosmetics Market
The demand for multi-benefit combinations has been increasing rapidly. Products such as foundations with anti-aging serums, sunscreen lotions, 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.
The lotions (including sunscreens) market covered in this report is segmented -
1) By Type: Dry Skin Body Lotion, Oily Skin Body Lotion, Normal Skin Body Lotion, Other Types
2) By Channel: Direct Sales, Distributor
3) By Application: Men, Women, Baby
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Major companies operating in the lotions (including sunscreens) market report are Johnson and Johnson Services Inc., Procter & Gamble Company, Unilever plc, L'Oréal SA, Kimberly-Clark Corp., Colgate-Palmolive Company, Estée Lauder Companies Inc., Beiersdorf AG, L'Oréal USA Inc., Shiseido Co. Ltd., Coty Inc., Galderma Laboratories L.P., Avon Products Inc., Revlon Inc., The Hain Celestial Group Inc., St Ives, Crabtreeand Evelyn Ltd., Aveeno, Groupe Clarins, The Derma Co., Honasa Consumer Ltd., Jergens Inc., Murad LLC, Pharmaceutical Specialties Inc., La Roche-Posay Laboratoire Pharmaceutique, Avalon Natural Products Inc., EltaMD Inc., Hempz Pure Herbal Extracts, Laboratoires Dermatologiques Avene, Uprising Science Private Limited
Contents of the report:
1. Executive Summary
2. Lotions (Including Sunscreens) Market Report Structure
3. Lotions (Including Sunscreens) Market Trends And Strategies
4. Lotions (Including Sunscreens) Market - Macro Economic Scenario
5. Lotions (Including Sunscreens) Market Size And Growth
…..
27. Lotions (Including Sunscreens) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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