The global body firming creams market size is expected to register a revenue of USD 3.3 Billion by the end of 2025, according to a new report released by Million Insights. It is expected to grow with a 5.7% CAGR in the upcoming years. Rising usage of anti-aging creams among the aging population is expected to drive the market growth. Moreover, rising trend to enhance personal appearance is expected to fuel market growth over the forecast period.
Rising usage of natural and organic ingredients for the manufacturing of personal care products is increasing continuously. Several ingredients like avocado, coconut, aloe Vera and olive oil are frequently being used by the manufacturers in the production process. Moreover, stringent rules and regulations coupled with increasing tariff rates are anticipated to act as a hindrance in the market growth for such products.
The non-plant extracts segment held the largest market share of around 60% in 2018. This can be attributed to features like low-cost prices and ease of availability. However, rising skin-related problems like dryness, irritation, and allergies are expected to act as a hindrance to market growth.
The supermarkets & hypermarkets segment of distribution channel held the largest share of around 50% across the global market. This can be attributed to rising preference among the consumers to physically verify the products before making the purchase decision and promotional activities initiated by the key players to increase brand awareness among the consumers. The online distribution channel is expected to witness the highest CAGR of 7.0% in upcoming years. The segment of plant extracts is expected to register the fastest growth in the global market owing to increasing awareness regarding usage of natural creams among millennial.
The offline segment of distribution channel held the largest share of around 80% in 2018. The online distribution channel is expected to witness the highest CAGR of 7.0% from 2019 to 2025. This growth can be attributed to the rising influence of e-commerce portals among the millennial and the working population.
The market for body firming cream includes key players like L'Oréal S.A.; Kao Corporation; Clarins Group; Sol de Janeiro; and Johnson & Johnson. They are continuously engaged in product portfolio expansion, product innovation, and development. They are also implementing various marketing strategies to boost the sale of their products.
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Further key findings from the report suggest:
• In 2018, the non-plant extracts segment held the largest market share of around 60% in the global body firming cream market.
• The segment of plant extracts is expected to register the highest growth with CAGR of 6% during the forecasted years, 2019 to 2025.
• In 2018, the offline mode of distribution channel held the largest share of around 80%.
Million Insights has segmented the global body firming creams market on the basis of product, distribution channel and region:
Body Firming Creams Product Outlook (Revenue, USD Million, 2015 - 2025)
• Plant Extract
• Non-Plant Extract
Body Firming Creams Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
Body Firming Creams Regional Outlook (Revenue, USD Million, 2015 - 2025)
• North America
• Asia Pacific
• Central & South America
• Middle East & Africa
• South Africa