Global Face Cream Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Rising Demand for Natural and Organic Face Creams to Boost the Market Growth | Technavio

·5-min read

Technavio has been monitoring the global face cream market size and it is poised to grow by USD 6.82 billion during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Face Cream Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Beiersdorf AG, Coty Inc., Johnson & Johnson, Kao Corp., L'Oreal SA, Reckitt Benckiser Group Plc, Shiseido Co. Ltd., The Estee Lauder Companies Inc., The Procter & Gamble Co., and Unilever Group are some of the major market participants. To make the most of the opportunities, face cream manufacturers should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The rising demand for natural and organic face creams has been instrumental in driving the growth of the market. However, the growing concerns over safety of synthetic ingredients in face creams might hamper facial cream market growth.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Face Cream Market 2020-2024: Segmentation

Face Cream Market is segmented as below:

  • Product

    • Anti-aging Cream

    • Skin Whitening And Sun Protection Cream

    • Moisturizer And Anti-acne Cream

  • Geographic Landscape

    • APAC

    • North America

    • Europe

    • South America

    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44219

Face Cream Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The face cream market report covers the following areas:

  • Face Cream Market Size

  • Face Cream Market Trends

  • Face Cream Market Industry Analysis

This study identifies the growing adoption of AI technology in face cream formulations coupled with the need for natural and organic products as the prime reasons driving the face cream market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Face Cream Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist facial cream market growth during the next five years

  • Estimation of the face cream market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the facial cream market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of facial cream market, vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Product

  • Market segments

  • Comparison by Product

  • Anti-aging cream - Market size and forecast 2019-2024

  • Skin whitening and sun protection cream - Market size and forecast 2019-2024

  • Moisturizer and anti-acne cream - Market size and forecast 2019-2024

  • Market opportunity by Product

Customer Landscape

  • Overview

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • APAC - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendor landscape

  • Landscape disruption

  • Competitive scenario

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Beiersdorf AG

  • Coty Inc.

  • Johnson & Johnson

  • Kao Corp.

  • L’Oréal SA

  • Reckitt Benckiser Group Plc

  • Shiseido Co. Ltd.

  • The Estee Lauder Companies Inc.

  • The Procter & Gamble Co.

  • Unilever Group

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200709005596/en/

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