The global ampoule cream market is estimated to reach USD 635.2 million, by 2025, and is projected to grow at a CAGR of 4.5% from 2019 to 2025, according to a new report by Million Insights. The increasing consumer preference towards cosmetic skin care products is mainly contributing to market growth. Ampoule cream is designed for curing specific skin problem. The significant feature of the single concentrated solution is driving the demand for product.
The presence of active ingredients with high concentration is useful in reviving skin texture in reduced time. The product has a high demand especially from Asian countries such as China, and South Korea. The Korean people spend high on skincare products for fair skin application. The country has the world’s highest per capita customers of cosmetic products.
Increasing demand for moisturizing and hydrating skincare solution, color complexion solutions are key categories of products which in turn are anticipated to boost the demand for the ampoule creams. Moreover, growing online shopping trends, and offline channels are also spurring the growth of ampoule cream market.
Ampoule cream is also termed as a vaccine for treating skin problems. The product also comes in the form of a small syringe and dose for treating skin diseases. However, the overdose of this solution may cause damage to health. Europe is estimated to have significant growth in the next few years, owing to rising awareness on skincare products.
The Increasing demand for multifunctional creams for eliminating multiple skin irritations using a single solution is contributing to market growth. Major manufacturers in the market focus on strategic mergers & acquisitions to increase their reach across the globe For instance, in 2017, Leegeehaam cosmetics has introduced ampoule cream-based toner formulated using vitamins.
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Further key findings from the report suggest:
• The moisturizing cream segment attributed to over 50.0% market share in the year 2018.
• Based on the distribution channel, offline segment held the highest market share of over 85.0% in 2018.
• North Americaled the ampoule cream market with market share of over 35.7% in 2018 and is projected to continue its growth over the coming few years.
Million Insights has segmented the ampoule cream market based on product, distribution channel, and region:
Ampoule Cream Product Outlook (Revenue, USD Million, 2015 - 2025)
Ampoule Cream Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
Ampoule Cream Regional Outlook (Revenue, USD Million, 2015 - 2025)
• North America
• Asia Pacific
• South Korea
• Central & South America
• Middle East & Africa
• Saudi Arabia