Face Cream: Global Strategic Business Report

Global Face Cream Market to Reach $64.1 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Face Cream estimated at US$49.2 Billion in the year 2020, is projected to reach a revised size of US$64.1 Billion by 2027, growing at a CAGR of 3.9% over the analysis period 2020-2027. Anti-Aging Cream, one of the segments analyzed in the report, is projected to record a 3.9% CAGR and reach US$26 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Skin Whitening & Sun Protection Cream segment is readjusted to a revised 4.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $13.4 Billion, While China is Forecast to Grow at 6.7% CAGR

The Face Cream market in the U.S. is estimated at US$13.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$13 Billion by the year 2027 trailing a CAGR of 6.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 2.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$8.5 Billion by the year 2027.

Moisturizer & Anti-Acne Cream Segment to Record 3.1% CAGR

In the global Moisturizer & Anti-Acne Cream segment, USA, Canada, Japan, China and Europe will drive the 3.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$10.4 Billion in the year 2020 will reach a projected size of US$12.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 3.4% CAGR through the analysis period.

Select Competitors (Total 42 Featured) -

• Beiersdorf AG
• Coty Inc.
• Johnson & Johnson
• Kao Corp.
• LOreal SA
• Reckitt Benckiser Group Plc
• Shiseido Co. Ltd.
• The Estee Lauder Companies Inc.
• The Procter & Gamble Co.
• Unilever Group

What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year