Top Emerging Trends Of Body Firming Creams Market Progress Forecast 2025Posted by Mrudula Karmarkar on January 5th, 2022 The global body firming creams market size is expected to reach USD 3.3 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.7% over the forecast period. Increasing spending on anti-aging products over the world will remain a key factor in driving the market. In addition, rising visual appearance consciousness among the consumers is expected to remain a favorable factor in the market. The plant extract product segment is expected to witness the fastest growth, expanding at a CAGR of 6.0% from 2019 to 2025. Increasing awareness about the negative effects of synthetic creams including skin irritations and allergies is fueling the demand for the plant extract products over the globe. This shifting trend is encouraging the manufacturers to incorporate plant extracts, such as green tea, seaweed, jojoba, shea butter, aloe vera olive, guaraná, and macadamia, in their product offerings. In terms of distribution channel, the online segment is anticipated to expand at the fastest CAGR of 7.0% from 2019 to 2025. The hassle-free and convenient shopping experience have been fueling the growth of this distribution channel over the world. As a result, companies are investing remarkably in e-commerce to meet the rising demand. North America held the largest market share of 35.1% in 2018. Rapid growth of the aging population in U.S. and Canada will remain one of the key factors driving the industry in this region. Asia Pacific is expected to witness a steady growth in the upcoming years as a result of rising spending on personal care products supported by the growing upper middle class population in countries including China and India. Furthermore, the number of domestic and international competitors has been increasing significantly in the abovementioned countries in light of substantial base of middle-income age groups. Major players of this industry include L\'Oréal S.A.; Beiersdorf AG; Clarins Group; Johnson & Johnson; Sol de Janeiro; ET Browne Drug Co. Inc.; The Procter & Gamble Company; Kao Corporation; Shiseido Company, Limited; and The Estée Lauder Companies Inc. Cosmetic manufacturers are expected to increase spending on R&D in order to expand their market size. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/body-firming-creams-market/request/rs1 The growing popularity of natural beauty products will have a positive impact on industry growth soon. Preference for natural products is increasing among consumers across the globe. They are opting for the products that are manufactured using natural ingredients and contain low chemicals. As a result, a large number of manufacturing firms are offering a wide range of products, which comprise organic ingredients including coconut, olive oil, avocado, jojoba, aloe vera, carrot seed extracts, and sunflower. Rising awareness among consumers regarding the harmful effects associated with synthetic creams has been promoting the importance of natural products. This trend will encourage the producers to expand their portfolio in natural products. Further key findings from the report suggest:
Key manufacturers of this industry include L\'Oréal S.A.; Beiersdorf AG; Clarins Group; Johnson & Johnson; Sol de Janeiro; ET Browne Drug Co. Inc.; The Procter & Gamble Company; Kao Corporation; Shiseido Company, Limited; and The Estée Lauder Companies Inc. In the coming years, manufacturers are expected to invest in plant-based products and expand their product portfolio in this segment. For instance, in March 2019, Bangn Body, an Australia based vegan- friendly beauty product producer, launched its natural Firming Body Lotion made from coconut oil, jojoba seed oil, aloe vera, shea butter, green coffee bean extract, avocado oil, and pineapple fruit extract. Besides, the producers are expected to strengthen their online presence to expand their reach among consumers. Grand View Research has segmented the global body firming creams market on the basis of product, distribution channel: Body Firming Creams Product Outlook (Revenue, USD Million, 2015 - 2025)
Body Firming Creams Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Like it? Share it! More by this author |