25 Mar, 2021, 17:45 ET
DUBLIN, March 25, 2021 /PRNewswire/ -- The "Face Cream - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Face Cream estimated at US$ 44.3 Billion in the year 2020, is projected to reach a revised size of US$ 54.9 Billion by 2027, growing at a CAGR of 3.1% over the analysis period 2020-2027.
Anti-Aging Cream, one of the segments analyzed in the report, is projected to record a 2.9% CAGR and reach US$ 21.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Skin Whitening & Sun Protection Cream segment is readjusted to a revised 3.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $12 Billion, While China is Forecast to Grow at 5% CAGR
The Face Cream market in the U.S. is estimated at US$ 12 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 10.6 Billion by the year 2027 trailing a CAGR of 5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR.
Moisturizer & Anti-Acne Cream Segment to Record 3.1% CAGR
In the global Moisturizer & Anti-Acne Cream segment, USA, Canada, Japan, China and Europe will drive the 3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$ 9.3 Billion in the year 2020 will reach a projected size of US$ 11.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$ 7 Billion by the year 2027, while Latin America will expand at a 3.3% CAGR through the analysis period.
Select Competitors (Total 42 Featured):
- Beiersdorf AG
- Coty Inc.
- Johnson & Johnson
- Kao Corp.
- LOreal SA
- Reckitt Benckiser Group Plc
- Shiseido Co. Ltd.
- The Estee Lauder Companies Inc.
- The Procter & Gamble Co.
- Unilever Group
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Global Competitor Market Shares
- Face Cream Competitor Market Share Scenario Worldwide (in %): 2020E
- Global Competitor Market Shares by Segment
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Total Companies Profiled: 42
For more information about this report visit https://www.researchandmarkets.com/r/k66a03
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article