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Global Night Creams Market - by Distribution Channel, User, Applications, Texture, Type, Region - Market Size,Demand Forecasts, Company Profiles, Industry Trends and Updates (2018 - 2025)
Night Creams Market - by Distribution Channel, User, Applications, Texture, Type, Region | Market Size, Growth, Drivers, Trends, Industry Structure and Forecasts | MarkGenes
Night creams maintain the moisture, pH, fairness and glow of the skin which constitute herbal organic ingredients or synthetic compounds. These creams are used as a moisturiser, anti-aging cream, pimple removal, fairness glow etc. These creams are popularised through various advertisements and social media marketing targeting both middle class and rich class of the society.
The global night creams market was USD 6.57 billion in 2018 and is estimated ot reach USD 10.16 billion by 2025 at a CAGR of 6.43% during the forecast period
Growth by Region
Asia pacific held the highest market share in 2018 and will continue to be the dominant region during the forecasted period owing to increase in disposable income over the years in the region
Drivers vs. Constraints
The increase concern of the people regarding the skin over the years led to increase in the market growth. Over the years, the pollution of the city led to dull and inactive face. As a result, people are using night creams so that the cream shows its effect overnight without the presence pollution, sunlight or any other external factors. Also in today’s world, a fresh and healthy face is a must which lead to high usage of such creams. This led to market growth. However, the side effects of rashes, irritation or redness caused by the night cream discourage users to use it hindering the market growth.
Industry Structure and Updates
• February 2018 - La Prairie one of the leading skin cream company launched Platinum Rare Cellular Night Elixir Rejuvenating Night Concentrate which repair skin and make the skin fresh alive again. It is consider as one of the most lavish skin care product of the company.
• December 2017 - Unilever acquired the indie based skin care company- Schmidts Natural, which is natural-based product company. With this venture, Unilever will manufacture organic skin care products.
• August 2017 - Avon launched the world’s first rotational night cream- ANEW Reversalist Infinite Effects Night Treatment Cream, which is used as an anti-aging cream.
Browse other Consumer Goods and Services reports at: https://markgenes.com/industry-reports/consumer-goods-and-services
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