The global body firming creams market size is expected to reach USD 3.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.7% over the forecast period. Increasing spending on anti-aging products over the world will remain a key factor in driving the market. In addition, rising visual appearance consciousness among the consumers is expected to remain a favorable factor in the market.
The plant extract product segment
is expected to witness the fastest growth, expanding at a CAGR of 6.0% from
2019 to 2025. Increasing awareness about the negative effects of synthetic
creams including skin irritations and allergies is fueling the demand for the
plant extract products over the globe. This shifting trend is encouraging the
manufacturers to incorporate plant extracts, such as green tea, seaweed,
jojoba, shea butter, aloe vera olive, guaraná, and macadamia, in their product
offerings.
In terms of distribution channel,
the online segment is anticipated to expand at the fastest CAGR of 7.0% from
2019 to 2025. The hassle-free and convenient shopping experience have been
fueling the growth of this distribution channel over the world. As a result,
companies are investing remarkably in e-commerce to meet the rising demand.
North America held the largest
market share of 35.1% in 2018. Rapid growth of the aging population in U.S. and
Canada will remain one of the key factors driving the industry in this region.
Asia Pacific is expected to witness a steady growth in the upcoming years as a
result of rising spending on personal care products supported by the growing
upper middle class population in countries including China and India.
Furthermore, the number of domestic and international competitors has been
increasing significantly in the abovementioned countries in light of
substantial base of middle-income age groups.
Major players of this industry
include L'Oréal S.A.; Beiersdorf AG; Clarins Group; Johnson & Johnson; Sol
de Janeiro; ET Browne Drug Co. Inc.; The Procter & Gamble Company; Kao
Corporation; Shiseido Company, Limited; and The Estée Lauder Companies Inc.
Cosmetic manufacturers are expected to increase spending on R&D in order to
expand their market size.
For Full Research Report On Body Firming Creams Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/body-firming-creams-market
Further key
findings from the report suggest:
- Europe generated a revenue
of exceeding USD 640.0 million in 2018
- Plant extract products are
expected to expand at the fastest CAGR of 6.0% from 2019 to 2025
- Offline distribution channel
accounted for a revenue share of more than 80.0% in 2018.
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/body-firming-creams-market/request/rs1
Grand View Research has segmented
the global body firming creams market on the basis of product, distribution
channel, and region:
Body Firming Creams
Product Outlook (Revenue, USD Million, 2015 - 2025)
- Plant Extract
- Non-plant Extract
Body Firming Creams
Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
- Offline
- Online
Body Firming Creams
Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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