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)
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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:
Skin Whitening And Sun Protection Cream
Moisturizer And Anti-acne Cream
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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:
Value chain analysis
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 Segmentation by Product
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
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 positioning of vendors
Johnson & Johnson
Reckitt Benckiser Group Plc
Shiseido Co. Ltd.
The Estee Lauder Companies Inc.
The Procter & Gamble Co.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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.
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