The face cream market share is expected to post an incremental growth of USD 7.89 billion, accelerating at a CAGR of 4.15% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects. Unlock Free Sample Analysis Report
The face cream market is segmented by Product (Anti-aging cream, Skin whitening and sun protection cream, and Moisturizer and anti-acne cream) and Geography (APAC, North America, Europe, South America, and MEA). The rising emphasis on product personalization and customization is the major face cream market trend influencing the market growth.
Based on the market segmentation by product, the face cream market size by the anti-aging cream segment will be significant during the forecast period. 52% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for face cream in APAC. The growth of the market in APAC is attributed to the increased availability of specialized face creams.
The face cream market report provides market share projections of each segment along with a detailed analysis of all the factors that are likely to boost growth within specific regions as well as global markets.
One of the primary factors that will drive market growth is the rising demand for natural and organic face creams. However, the rising challenge of counterfeit products will be a major hindrance for market vendors. The face cream market report provides an understanding of this and all the other drivers that are likely to impact market growth. These insights will enable clients to design growth strategies that will leverage opportunities and neutralize challenges effectively.
The market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market. Amorepacific Group, Amway Corp., Beiersdorf AG, Himalaya Global Holdings Ltd., Kao Corp., Lotus Herbals Pvt. Ltd., Oriflame Holding AG, Shiseido Co. Ltd., The Body Shop International Ltd., and The Natures Co. are some of the major face cream market vendors.
The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
The face cream market report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities Download the Free PDF Sample Report