According to a recent report by Reports and Data, the global night cream market was valued at USD 8.02 Billion in 2021 and is predicted to experience a revenue CAGR of 6.5% over the forecast period. The growing demand for natural or organic skincare and cosmetics is driving the market's revenue growth. Consumers are increasingly seeking night cream products with anti-aging, skin-lightening, and effective moisturizing capabilities, as well as natural ingredients like green tea extract and aloe vera. Night creams typically contain significant amounts of moisturizing agents and are used by middle-aged and older individuals as moisturizers, skin lighteners, and anti-aging treatments to improve the complexion, softness, and youthful appearance of their skin.
Night creams offer full nourishment, repair damaged skin cells, and improve overall skin appearance by restoring elasticity, enhancing blood flow and cell regeneration, and promoting collagen formation. Since skin cell regeneration is more active at night, the cream's active components are more effectively absorbed. Night cream is popular among older people due to its ability to remove scars and imperfections while also nourishing skin cells. Additionally, younger individuals who experience sleep-related issues such as dark circles under the eyes may benefit from using a night cream.
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Top Profiled Companies in the Global Night Cream Market Report:
Beiersdorf AG, Derma E., Estée Lauder Companies Inc., Guerlain S.A, Himalaya Global Holdings Ltd, L’ORÉAL SAS, Olay (P&G), Shiseido Co Ltd, Unilever PLC, and Johnson & Johnson Services Inc.
Some Key Highlights From the Report
· Anti-aging cream segment accounted for a significant revenue share in 2021. Hyaluronic acid, included in anti-aging night cream, absorbs water molecules from the air to hydrate and plump skin, while antioxidants guard against environmental harm. This night lotion aids in restoring the skin's natural texture and defences against the tell-tale signs of aging. The night cream contains nutrients and herbal ingredients, which help to cure skin damage and maintain youthful and supple skin.
· The e-Commerce segment is expected to register a moderate revenue growth rate over the forecast period owing to the rapid growth of smartphone users across the globe. It is attributed to factors such as no additional costs as products can be shipped directly from sellers. Expansion of the segment is attributed to low product costs, discounts, reviews, and ratings of customers regarding the product or service and assists significantly in making a purchase. Other factors such as convenience, doorstep service, and availability of a diverse product selection are contributing to revenue growth of the segment.
· Women segment is expected to register a significant revenue growth rate over the forecast period. To minimize wrinkles and fine lines, women use anti-aging treatments. Axerophthol, jojoba oil, green tea, vitamin E, and vitamin B5 are among the components found in the highest-quality anti-aging lotions.
· Market in Asia Pacific is expected to be the fastest growing over the forecast period owing to the increase in the need for skin care products in countries like China, Japan, and India owing to the rising number of skin issues. There is an increased demand for night creams with higher levels of moisturizing and skin-whitening ingredients.
· Market in Europe accounted for the largest revenue share in 2021. The demand for cosmetics is increasing in countries like Germany, the United Kingdom, and France which is driving revenue growth. According to research, in 2021, the largest national markets for cosmetics and personal care products within Europe were Germany worth USD 13.6 billion, followed by France worth USD 12.0 billion, Italy worth USD 10.6 billion, the United Kingdom worth USD 9.9 billion, Spain worth USD 6.9 billion, and Poland worth USD 4.0 billion. Increased consumption of beauty products is contributing to the growth of the night cream market in the region.
Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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Further market segmentation
Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Moisturizing cream
- Anti-aging Cream
- Skin whitening cream
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
- Retail Pharmacies
- Convenience Store
- Supermarket
- E-Commerce
End-use Outlook (Revenue, USD Billion; 2019-2030)
- Men
- Women
Key Takeaways of the Global Night Cream Market Report:
· A comprehensive overview of the global Night Cream industry.
· Accurate market projections in terms of market size, share, and volume.
· Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
· Deep-dive analysis of the upcoming market trends.
· Qualitative and quantitative analyses of the global Night Cream market.
· Elaborate study of the leading regional markets in the global Night Cream market.
· Complete overview of the market’s competitive landscape.
· Brief look at the company profiles and portfolios.
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