Trusted Business Insights answers what are the scenarios for growth and recovery and whether there will be any lasting structural impact from the unfolding crisis for the Night Creams market.
Trusted Business Insights presents an updated and comprehensive analysis of Night Creams Market. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. The report further elaborates on the micro and macroeconomic aspects including the socio-political landscape that is anticipated to shape the demand of the Night Creams market during the forecast period (2021-2026).Our research analyst have analysed at the short-term stress in the industries subsectors as well as long-term impacts. Analyst have also examined the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
Abstract, Snapshot, Market Analysis & Market Definition: Global Night Creams Market
The global Night Creams market size is projected to reach US$ 12.45 billion by 2026, from US$ 8.19 billion in 2020, at a CAGR of 7.24% during 2021-2026. Night creams are ultra-hydrating, deep nourishing, and restorative products that use high amount of emollients so they are more moisturizing and leaves an oily texture on skin. Consumers with issues such as extreme dryness of skin need heavier products. These products are generally applied during night to avoid interference with the makeup products used during day time. This factor is projected to drive the product demand.
Various benefits of the products, such as intense moisturizing and hydration, is anticipated to fuel the product demand among younger population. The products also provide nutritional content, fatty acids, and mineral oil to the skin to keep it soft and supple. One of the major roles that this product plays is that it protects the skin from sagging. The product also provides even complexion along with the removal of spots and scars from the skin. Moreover, rise in promotional campaigns by manufacturers is anticipated to drive the product demand. For instance, in February 2018, the Worth the Wrinkle digital campaign by Clarins. The company also targeted younger population about their views on aging to look real and perfect.
Nigh cream is a complete nourishment product for skin. Apart from increasing the external appearance, it offers overall skin enhancement and repairs the damaged cells. It helps in better blood circulation and renewal of cells, boosts collagen, and restores skin elasticity. The cream absorbs active ingredients better as the skin cell regeneration power is higher during night time as compared to day.
Moreover, growth is also driven by penetration of product in anti-aging and moisturizing application sector, thereby rising its sales in market. The aging population prefers these products due to their skin cell nourishment properties and ability to remove spots and fade scars. Issues like dark circles under eyes are prevalent among younger population due to lack of sleep. Night cream can help deal with this such issues. However, a thick night cream is not suitable for the skin since it clogs the skin pores and interferes in normal breathing of skin.
Market Segmentation, Outlook & Viewpoint: Global Night Creams Market
Product Market Segmentation & Outlook (Revenue, USD Billion, 2014 – 2025)
- Skin Whitening
Distribution Channel Market Segmentation & Outlook (Revenue, USD Billion, 2014 – 2025)
Key Players, Recent Developments & Regional Insights: Global Night Creams Market
Moisturizing product held the largest market share of about 52.76% in 2018. The segment is driven by consumer preference for highly hydrating products. These kind of products provide even complexion and nurture the skin. Moreover, presence of antioxidants such as vitamin A, C, and E along with peptides help provide a better complexion. This factor is anticipated to further drive the product sales. Addition of special ingredients is anticipated to create growth opportunities. For example, Olay Double Action Moisturiser Night Cream by Procter and Gamble provides moisture lock protection along with nourishment and hydration to skin.
Anti-aging products is projected to witness the fastest CAGR of around 8.60% from the year 2019 to 2025. Rising demand due to the ability of the product to remove scars and wrinkles is driving the demand. Moreover, the cream is widely used among middle and old aged population to provide their skin better complexion, softness, and younger appearance. The above mentioned properties attract a large number of consumers concerned over dull and sagging skin caused by aging.
Distribution Channel Insights
Offline channel in night creams market held the largest share of around 86.60% in 2018. The growth is driven by the consumer preference for checking the contents and ingredients along with its value added features before buying. Also, ease of using different products along with the brand and price comparison is projected to drive the growth. The rise in number of quality products in specialty stores, convenience stores, and hypermarkets and supermarkets has contributed significantly to offline sales. Moreover, time delay for online services for products drives growth for offline channel for quick delivery.
Online segment is expected to register the fastest CAGR of around 9.47% over the forecast period, due to rising number of e-commerce websites such as Sephora, Nordstrom, Amazon, and Clinique among others offering a wide range of products. Availability of door to door delivery services, suitable for working population, is anticipated to provide traction to the market. Moreover, deals, offers, and discounted items offered through online shopping along with a rising number of online distributors drives the segment growth.
In terms of value, Europe held the largest market share of about 36.54% in 2018. The growth is driven by rise in consumption of cosmetic products in countries such as Germany, U.K. and France. For instance, Germany consumed the largest number of personal care and cosmetic products with a value of EUR 13.54 billion in 2017. Moreover, skin care segment held the largest share of cosmetics products in Europe with a value of EUR 20.7 billion in 2017. Concentration of a large number of manufactures sales such as LOreal SA; Shiseido Group; Avon Inc.; and Beiersdorf AG also contributes to the regional growth.
Asia Pacific is expected to register the highest CAGR of 4.38% over the forecast period, on account of rising demand for skin care products in countries such as China, Japan, and India. The skin care industry in India is forecasted to rise at a CAGR of 8.12% over the forecast period, owing to the rising skin problems. Night creams with higher hydrating properties and skin whitening content find significantly higher demand in the region. Rising investments by the large manufacturers is projected to fuel the regional market.
Night Creams Market Share Insights
Rising demand for the skin care and cosmetic products in China, India, and Japan is expected to contribute to increasing product innovations and new product developments thereby fueling the demand. Key players engage in various strategic initiatives, such as acquisitions and mergers, and product launches, innovations, and capacity expansions, initiated by the key players, such as LOreal SA; Shiseido Group; Avon Inc.; Beiersdorf AG; and Estee Lauder Inc. For instance, in November 2018, Amway launched new products in day cream, night cream, and face wash segment targeting around INR 50 billion in sales by 2025.
Key Insights Covered: Global Night Creams Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Night Creams industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Night Creams industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Night Creams industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Night Creams industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Night Creams industry.
Research Methodology: Global Night Creams Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other
Quick Read Table of Contents of this Report @ Global Night Creams Market Size, Share, Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)
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