The global Night Creams Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.
Market Overview:
The global night creams market size is projected to attain USD 11.62 billion by the end of 2025, according to a new report by released Million Insights. It is estimated to grow at a CAGR of 7.24% over the forecast period, 2019-2025. The emulsions used in the product helps in intense moisturization and deep nourishment. Its hydrating and moisture restoring properties provide the best solution for extremely dry skin. To avoid mixing up the product with other make-up products, it is generally applied during nighttime. These are the major factors expected to boost the demand for night creams during the forecast period.
Key Players:
- Shiseido Co. Ltd.
- Solstice Holding Inc.
- Estee Lauder Companies Inc.
- L’Oréal S.A.
- Clinique Laboratories, LLC
- Procter & Gamble Co.
- Unilever Plc.
- Beiersdorf AG
- Avon Products Inc.
- Himalaya Global Holdings LTs
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Growth Drivers:
Youngsters are highly prefer this product because of its intensely moisturizing and hydrating properties. This product also contains nutritional elements such as mineral oils and fatty acids to make the skin gentle, soft and healthy. It also has anti-sagging properties. It helps in maintaining the even tone by removing dark spots and scars to make the skin look flawless. Furthermore, the focus of manufacturers on promotional activities is estimated to be the major reason for the rising demand for the product.
Product Outlook:
- Moisturizing
- Anti-aging
- Skin Whitening
In 2018, the moisturizing products segment accounted for the largest market share of 57.76%. Preference of consumers for the products that provide great hydrating properties is the major factor contributing to the growth of this segment. Vitamins such as Vit-A, Vit-C and Vit-E are the major antioxidants that make the skin look beautiful and improve the complexion. This is one of the major reasons anticipated to boost the sales of night creams over the forecast period. The growth of this segment is expected to be boosted, by adding some exceptional ingredients.
The anti-aging segment is projected to grow at the fastest CAGR of about 8.60% over the forecast period. Spot-removal and whitening properties of this product are expected to drive its demand over the forecast period. Products in this segment are excessively used by the aging population which makes them look younger and flawless. This factor is expected to drive the demand for the product from 2019 to 2025.
Distribution Channel Outlook:
- Online
- Offline
Regional Outlook:
In 2018, Europe dominated the night cream market with market share of 36.54%. Increased consumption of beauty products in different nations such as U.K., France, and Germany are the major drivers for this growth. Germany was at the topmost position in consuming the beauty and personal care products which accounted for EUR 13.54 billion, in 2017. Cosmetic products have the biggest share in the segment of skin care in Europe which accounted for EUR 20.7 billion, in2017. The regional growth is boosted by the presence of leading manufactures in large numbers such as Avon Inc., Beiersdorf AG, Shiseido Group and L’Oréal SA, facilitating higher sales.
Asia Pacific is projected to be the potential market for night creams expanding at a CAGR of 4.38% during the forecast period, 2019-2025. In the countries like India, Japan and China, there is an increasing demand for skin care and beauty products which drives the regional growth. Large number of skin-related issues observed in countries like India increased the demand for skincare products because of which there is significant increase in CAGR of the skincare segment which is around 8.12% during the year 2018-2025. People from this region demand for night creams which provide intense hydration and helps in whitening the skin.
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