Global Night Cream Market Size To Worth USD 15.12 Billion By 2033 | CAGR of 6.22%
Category: Consumer GoodsGlobal Night Cream Market Size To Worth USD 15.12 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Night Cream Market Size is Expected to Grow from USD 8.27 Billion in 2023 to USD 15.12 Billion by 2033, at a CAGR of 6.22% during the forecast period 2023-2033.
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Browse key industry insights spread across 220 pages with 105 Market data tables and figures & charts from the report on the "Global Night Cream Market Size, Share, and COVID-19 Impact Analysis, By Product (Moisturizing, Anti-Aging, Skin Whitening, and Others), By Skin Type (Dry Skin, Oily Skin, Combination Skin, and All Skin Types), By Distribution Channel (Online and Offline), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, And Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here https://www.sphericalinsights.com/reports/night-cream-market"
The night cream is specially formulated to be applied before bed. When skin is naturally regenerating at night, a night cream helps the skin in the process. It is designed to replenish, repair, and rejuvenate skin overnight. In emerging economies, disposable income is also increasing, allowing consumers to spend more on high-end skincare products. The growing popularity of night creams among younger demographics can be attributed to the influence of social media and beauty influencers. Customers throughout the world are beginning to understand how crucial it is to keep up a regular skincare regimen at night to enhance skin hydration and repair while we sleep. As a result, the market for night creams is expanding. Creams for moisturizing, anti-aging, and skin whitening are a few of the items that are growing in popularity as customers seek out formulas that are tailored to their specific skincare requirements. An additional significant element propelling market growth is the rise in e-commerce and digital marketing. However, the primary factor impeding the development of the night cream market is the products' higher cost. Because these night creams are more expensive due to their premium formulations and higher-quality ingredients, fewer people will buy them, and the market will be penetrated.
The moisturizing segment is predicted to hold the greatest market share through the forecast period.
Based on the product, the night cream market is classified into moisturizing, anti-aging, skin whitening, and others. Among these, the moisturizing segment is predicted to hold the greatest market share through the forecast period. the general consumer inclination towards simple skincare products that offer vital moisture. The fact that moisturizing night creams work well on all skin types and are therefore a flexible option for a wide range of customers is another factor driving demand for them.
The dry skin segment is predicted to hold the greatest market share through the forecast period.
Based on the skin type, the night cream market is classified into dry skin, oily skin, combination skin, and all skin types. Among these, the dry skin segment is predicted to hold the greatest market share through the forecast period. The segment's growth is attributed to rising consumer knowledge of night creams made specifically for dry skin. Because humectants like hyaluronic acid, ceramide, and glycerin are present in dry skin products, they can meet the needs of customers in terms of moisture retention and barrier repair.
The offline segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the distribution channel, the night cream market is divided into online and offline. Among these, the offlinesegment is anticipated to hold the greatest market share during the projected timeframe. The growth of this segment can be attributed to the physical retail channels' ongoing significance in the beauty and skincare industry. Customers can try things on in stores before they purchase them. This tactile experience is crucial for skincare products because, before making a purchase, consumers frequently prefer to test out textures, fragrances, and the products' immediate effects on their skin.
North America is estimated to hold the largest share of the night cream market over the forecast period.
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North America is estimated to hold the largest share of the night cream market over the forecast period. The market for night creams is being driven by rising consumer awareness and a strong preference for high-end skincare products. The demand for night creams is fuelled by the region's thriving personal care and beauty industries as well as high disposable income. Significant industry participants and ongoing product innovations also contribute to market expansion.
Asia Pacific is predicted to have the highest CAGR growth in the night cream market over the forecast period. The reasons driving this explosive growth are growing disposable income, increasing urbanization, and increased awareness of skincare. Taking that into consideration, nations like South Korea, China, and Japan set the standard for skincare and cosmetics.
Major key players in the night cream market include Shiseido Co. Ltd., Estee Lauder Companies Inc., L'Oreal S.A., Procter & Gamble Co., Unilever PLC, Beiersdorf AG, Avon Products Inc., Clarins Inc., Amorepacific Group Inc., KOSÉ Corporation, and others.
Recent Developments
- In July 2024, Beauty company Fleur & Bee announced the launch of its new Dream Job cream, which is designed to combat anti-aging. Per the brand, the cream targets the five main signs of aging while users sleep fine lines and wrinkles, firmness and elasticity, dark spots, hydration, and radiance.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the night cream market based on the below-mentioned segments:
Global Night Cream Market, By Product
- Moisturizing
- Anti-Aging
- Skin Whitening
- Others
Global Night Cream Market, By Skin Type
- Dry Skin
- Oily Skin
- Combination Skin
- All Skin Types
Global Night Cream Market, By Distribution Channel
- Online
- Offline
Global Night Cream Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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