The CC cream market size was valued at $433.8 million in 2021, and is estimated to reach $889.8 million by 2031, registering a CAGR of 7.1% from 2022 to 2031. Make-up is a subset of cosmetics that primarily refers to coloring materials meant to enhance the user's appearance.. In face make-up, CC cream is kind of important as it works as a concealer, foundation, sunscreen and moisturizer, so consumers choose this product over others.
The global market for CC cream is witness significant growth mainly due to advancements in facial skin care as people have changed their mindset regarding cosmetic products and skincare products in recent years and specially women. They started to know their skin better and tried different products which actually suit their facial skin. They use numerous products as a skin care regime and trying high-quality products and assume it can improve the appearance of skin. In today's technologically advanced world, skincare is advancing at rapid speed. Taiwan's New Kinpo Group's HiMirror, a 'smart mirror,' does. When someone logs in, it takes a snapshot of the face and analyses it for wrinkles, red spots, pores, fine lines, and brightness levels. It then assigns a score to each of these factors, ranging from 'excellent' to 'bad,' and provides personalized advice and product choices. This technology helps in identifying the exact need according to the face of the people and accordingly they can choose which type and color of CC cream will suit them. CC creams are coming up with every shade and type to suit people’s facial skin.The CC cream is affected by changes in the lifestyle as consumer lifestyle has changed drastically in recent years, and they are inclined towards quick remedy for everything. As a result, people seek out facial creams to give them a youthful appearance and conceal signs of weariness. The consumers with mobile phones and access to social media rely on social media for the discovering and selection beauty products. CC cream is a multipurpose skincare product with foundation like light to medium coverage. It simplifies the morning process, as it includes skincare advantages such as extra soothing, moisturizing, brightening, and anti-aging characteristics. CC cream is very helpful as people are busy in their life, they want everything to be quick, so it is a perfect match.
People’s hectic lifestyle is one of the primary factors driving the cosmetic skin care products industry. People often lead stressful and fast-paced lives, resulting in a great deal of stress. According to the CC cream market analysis, the CC cream market is segmented on the basis of type, application, sales channel, and by region. On the basis of type, the market is categorized into below 15 SPF, between 15 and 30 SPF, and above 30 SPF. On the basis of sales channel, the market is divided into hypermarkets/supermarkets, specialty retailers, online retail, others. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia, the Netherlands, and Rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and the rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, United Arab Emirates, and rest of LAMEA).
The players operating in the global market have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. Key players profiled in this report include L’Oreal S.A., Unilever, Estee Lauder, Marico, Procter & Gamble Co, Loccitane En Provence, Oriflame Sweden, Chanel, Kose Corporation, and Natura and Co.
The global market for CC cream is witness significant growth mainly due to advancements in facial skin care as people have changed their mindset regarding cosmetic products and skincare products in recent years and specially women. They started to know their skin better and tried different products which actually suit their facial skin. They use numerous products as a skin care regime and trying high-quality products and assume it can improve the appearance of skin. In today's technologically advanced world, skincare is advancing at rapid speed. Taiwan's New Kinpo Group's HiMirror, a 'smart mirror,' does. When someone logs in, it takes a snapshot of the face and analyses it for wrinkles, red spots, pores, fine lines, and brightness levels. It then assigns a score to each of these factors, ranging from 'excellent' to 'bad,' and provides personalized advice and product choices. This technology helps in identifying the exact need according to the face of the people and accordingly they can choose which type and color of CC cream will suit them. CC creams are coming up with every shade and type to suit people’s facial skin.The CC cream is affected by changes in the lifestyle as consumer lifestyle has changed drastically in recent years, and they are inclined towards quick remedy for everything. As a result, people seek out facial creams to give them a youthful appearance and conceal signs of weariness. The consumers with mobile phones and access to social media rely on social media for the discovering and selection beauty products. CC cream is a multipurpose skincare product with foundation like light to medium coverage. It simplifies the morning process, as it includes skincare advantages such as extra soothing, moisturizing, brightening, and anti-aging characteristics. CC cream is very helpful as people are busy in their life, they want everything to be quick, so it is a perfect match.
People’s hectic lifestyle is one of the primary factors driving the cosmetic skin care products industry. People often lead stressful and fast-paced lives, resulting in a great deal of stress. According to the CC cream market analysis, the CC cream market is segmented on the basis of type, application, sales channel, and by region. On the basis of type, the market is categorized into below 15 SPF, between 15 and 30 SPF, and above 30 SPF. On the basis of sales channel, the market is divided into hypermarkets/supermarkets, specialty retailers, online retail, others. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia, the Netherlands, and Rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India, and the rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, United Arab Emirates, and rest of LAMEA).
The players operating in the global market have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. Key players profiled in this report include L’Oreal S.A., Unilever, Estee Lauder, Marico, Procter & Gamble Co, Loccitane En Provence, Oriflame Sweden, Chanel, Kose Corporation, and Natura and Co.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cc cream market analysis from 2021 to 2031 to identify the prevailing cc cream market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cc cream market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global cc cream market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Below 15 SPF
- Between 15 to 30 SPF
- Above 30 SPF
By Application
- Oily Skin
- Normal Skin
- Dry Skin
By Sales Channel
- Hypermarkets and Supermarkets
- Specialty Stores
- Online Retails
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Spain
- Netherlands
- Rest of Europe
- Germany
- France
- U.K.
- Italy
- Asia-Pacific
- China
- Japan
- Australia
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Saudi Arabia
- South Africa
- UAE
- Rest of LAMEA
Key Market Players
- Chanel
- KOSE CORPORATION
- Natura & co
- L’Oréal S.A.
- Unilever plc
- Estée Lauder Inc.
- Marico
- Procter & Gamble Co.
- L’OCCITANE EN PROVENCE
- ORIFLAME SWEDEN
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CC CREAM MARKET, BY TYPE
CHAPTER 5: CC CREAM MARKET, BY APPLICATION
CHAPTER 6: CC CREAM MARKET, BY SALES CHANNEL
CHAPTER 7: CC CREAM MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “CC Cream Market," the cc cream market size was valued at $433.80 million in 2021, and is estimated to reach $889.8 million by 2031, growing at a CAGR of 7.1% from 2022 to 2031. Makeup plays an essential role in the cosmetics sector, and its significance in beautification has recently received a lot of attention. The cosmetic industry refers to the businesses that create and distribute cosmetics products, such as in color cosmetics foundation and mascara, skincare moisturizers and cleansers, hair care shampoos, conditioners, and hair colors, and in toiletries, bubble baths, and soaps. Cosmetics are made to fulfill the needs of consumers in terms of health, hygiene, and self-love. It includes all the natural ingredients which are necessary for the skin. Cosmetics can improve the users’ mood, improve their appearance, and boost their self-esteem, in addition to their physical health. They can also assist in expressing personal style and are thus a significant form of social expression. Consumers are increasingly turning to high SPF CC creams such as SPF 30, SPF 50, and more than that due to harmful rays and busy lifestyles.According to the CC Cream Market Trends Analysis, depending on how many layers are used, CC cream provides light to medium coverage. It seems light and doesn't cake even though there are many layers. CC cream doesn't hide big flaws or acne scars, but it works well for light to medium problems. It evens out and color-corrects skin tone in addition to erasing any redness, obscuring microscopic zits, and hiding hyperpigmentation. CC cream offers the skin an internally glowing, radiant, and healthy appearance. CC creams include active ingredients such as Octinoxate, Titanium dioxide, and Zinc oxide, which are naturally occurring minerals which block the sun's UVA and UVB radiation from being absorbed into the skin. There are different types of CC creams for consumers belonging to several different income groups; economic CC creams which have lower costs with normal functionality and premium CC creams which include many extra features. The availability of CC creams across various price points makes the products attractive to the consumers belonging to different income groups.
CC cream works well for a no-makeup makeup look, which is in trend. It provides enough coverage, moisture, and SPF and PA++ sun protection. It helps to improve the complexion of the skin and conceal any facial blemishes. This product is very easy to blend and leaves a damp matte finish. It does not draw attention to dry parts of the skin or cause acne breakouts.
People have changed their behavior and mindset about makeup products as a result of the ongoing competition to look beautiful. People have become more aware of the products which they use on a daily basis. Furthermore, there is a growing desire for effective and quick action product as people find shortcuts for everything, prompting market leaders to expand their products portfolios to include a wide selection of CC cream.
Consumers are looking for products that can cover up all the imperfections of the skin due to the rise in number of skin conditions caused by hectic lifestyles, changing weather conditions, and unhealthy eating habits. The younger generation is mostly concerned with their appearance, especially women who always try to look flawless, which drives the CC Cream market growth to a large extent.
The CC cream market is segmented into type, application, sales channel and region. On the basis of type, the CC Cream market is categorized into below 15 SPF, between 15 and 30 SPF, and above 30 SPF. On the basis of application, the market is categorized into oily skin, normal skin, and dry skin. On the basis of distribution channels, hypermarkets/supermarkets, specialty retailers, online retail, others. On the basis of region, the CC Cream market is categorised into North America, Europe, Asia-Pacific and LAMEA,
On the basis of product, the Above 30 SPF segment was valued at $ 197.5 million in 2021, and is expected to reach $ 416.6 million by 2031 at a CAGR of 7.4% from 2022 to 2031. This is majorly attributed to a rise in demand for people who have high exposure to the sun and need high sun protection. Growth in use of high SPF CC cream among the skin conscious population is expected grow above the 30 SPF segment during the forecast period.
By skin type, the normal skin product market is expected to grow at a CAGR of 6.8% during the forecast period. CC cream is generally made for all skin types. It is best suited for consumers that do not have any special requirements for their skin as people with normal skin can use it to get a perfect evenly toned appearance. A CC cream is a combination of a compact foundation, moisturizer, concealer, and sunscreen, making it a multipurpose beauty mainstay in the consumers daily makeup routine.
According to the CC Cream Market Opportunities Analysis, the online retail segment was valued at $101.5 million in 2021 and is predicted to grow at a CAGR of 8.0% to reach $226.2 million by 2031. Online retails are the newest sales channel for consumer goods and packaged food and beverage products. CC cream is available in every E-commerce platform and on a company’s website. The sale of CC creams through online channel increased significantly, especially after the beginning of the pandemic, due to the inability of consumers to go to physical stores to purchase the creams as well as the several discounts and offers provided by online channels during purchase.
Region wise, Asia-pacific has accounted for a considerable share in the global CC cream industry, and is expected to sustain its share during the forecast period. Excessive inclination toward skin care, and the increase in popularity of cosmetic products amongst Asian consumers is driving the growth of the market
Players operating in the CC cream Industry have adopted product launches as their key development strategies to expand their CC Cream market share, increase profitability, and remain competitive in the market. Key players profiled in this report include L’Oréal S.A., Unilever Limited, Estée Lauder Inc., Marico, Procter & Gamble Co, Loccitane En Provence, Oriflame Sweden, Chanel, Kose Corporation, and Natura & Co.
Key Findings of the Study
- CC cream market size was valued at $ 433.8 million in 2021, and is estimated to reach $ 889.8 million by 2031, registering a CAGR of 7.1% from 2022 to 2031.
- According to the CC Cream Market Analysis, by type, the above 30 SPF segment was the highest revenue contributor to the CC Cream market, with $197.5 million in 2021, and is estimated to reach $416.6 million by 2031.
- By sales channel, the online retail segment in the CC Cream Market was valued at $101.5 million in 2021 and is estimated to grow at a significant CAGR of 8.0% during the forecast period.
- By region, the Asia-Pacific led the CC Cream Market Demand in 2021 and is projected to reach $371.0 million by 2031, growing at a CAGR of 7.9 % during the CC Cream Market forecast period.
Companies Mentioned
- Chanel
- Kose Corporation
- Natura & Co
- L’Oréal S.A.
- Unilever plc
- Estée Lauder Inc.
- Marico
- Procter & Gamble Co.
- L’Occitane En Provence
- Oriflame Sweden
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 240 |
| Published | August 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 433.8 million |
| Forecasted Market Value ( USD | $ 889.8 million |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
