Global Night Creams Industry was valued at USD 6.4 Million in the year 2017. Global Night Creams Industry is further estimated to grow at a CAGR of 4.8% from 2019 to reach USD 9.28 Million by the year 2025. The North America region holds the highest Industry share in 2017 and the Asia Pacific is considered as the fastest growing Industry in the forecasted period growing at 6.5%. At the country level, US, China, and Hong Kong are projected to grow strongly in the coming years due to increasing density of population.
Major market players in Night Creams Industry are Avon, Unilever, Revlon, Beiersdorf, Procter & Gamble, L'OREAL, Clinique, Estee Lauder Inc., Lancome, Shiseido Co. Ltd., and brief overview of 10 companies is also provided in the report. Rising research and development expenses are catering to changing demand of end users. Similarly, growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT Analysis of Night Creams Industry:
Demand for creams in accordance with climatic conditions
Increasing need specific to skin type
Exposure to extreme weather conditions
Regular innovations and advancements
Small-scale manufacturers hindering the organized sector.
Synthetic products to offer anti-aging solutions
Natural and organic ingredients
Intense competition among the producers
The Global Night Cream Industry Report is segmented as By Product Type, Age Group, Specialty Attribute, Skin Concerns, Distribution Channel and Region. The Product Type is segmented as face care and body care in which face care holds the highest Industry share. The Age Group is divided as infants and toddlers, children and adults in which adults hold the highest share in the Industry. By Specialty Type, the Industry is divided as natural and organic, herbal, cruelty-free and others in which others have the highest Industry share. By skin concerns, the Industry is divided as anti-ageing, dryness and dehydration, acne, sun protection, redness and allergies in which acne holds the highest Industry share.
Night Creams Industry Segmentation:
By Specialty attribute
• Natural and organic
By Product Type
• Face care
• Body care
• By Age Group
• Infants and toddlers
By Distribution Channel
• Specialty stores
• Drug stores
• Convenience stores
By Skin concerns
• Dryness and dehydration
• Sun protection
• Redness and allergies
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa