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Global Body Firming Creams Market 2021: By product (Plant Extract, Non-plant Extract), By distribution (Offline channels, Online channels)Global Body Firming Creams Market is an upcoming report by Trusted Business Insights. The global body firming creams market segmentation allows for deeper thought and understanding, to decisively assess, analyze, and study. The study and analysis will be conducted using expert opinions and inputs, as well as thorough primary and secondary research efforts to determine various aspects of the body firming creams market. Besides revenues for segments, global, regional, and country-wise market revenue segmentation will be compiled in a fastidious manner for clear flow and understanding. The Global Body Firming Creams market size was valued at USD $1.2 Billion in 2020, USD $1.26 Billion in 2021, forecasted to reach USD $1.32 Billion in 2022, and is projected to reach USD $1.89 Billion by 2030, and is anticipated to expand at a CAGR of 4.6% over the forecast period from 2020 to 2030.
Overview:Body firming creams aid in the firming and toning of an individuals skin while providing it with all the nutrition-rich hydration it requires. They increase the elasticity of your skin while aiming to reduce/fade stubborn stretch marks. The growing preference and popularity of natural beauty products among consumers will have a positive impact on the growth of the global body firming creams market and has showcased no signs of contraction.
Dynamics:The growing consciousness of ones visual appearance, especially among millennial consumers, has been boosting the demand for these products across the globe. An increase in spending on anti-aging products for adults in emerging economies like India and China is expected to steer significant growth over the foreseeable future. Many consumers are now opting for products that have low chemical content and use natural ingredients as there has been an increase in the awareness of synthetic creams and the harmful side-effects they cause. This factor alone will force many manufacturers to further expand their portfolios to include natural products. An increase in the number of mobile device users on a global scale has proven bountiful for e-commerce retailers who are now able to maximize market penetration through the sale of personal care products via their online platforms. A factor that is expected to fuel global expansion of this market is the rapid growth of the e-commerce industry, especially in economies such as India and China. On the other hand, complex trade regulations and high tariff rates are anticipated to remain critical challenges in the foreseeable future. In terms of product outlook, the market is segmented into – non-plant extract and plant extract products. The non-plant extract segment accounted for a majority of the markets revenue share in 2018. However, the rising awareness about allergies, skin irritations and other side effects that arise as a result of using synthetically derived products is expected to limit the scope of growth over the coming years. Plant extract products that contain natural ingredients like seaweed, green tea, jojoba, shea butter, aloe vera, guarana, macadamia, and olive among others, are expected to witness the quickest growth over the forecast period. With respect to distribution, the market is segmented into online and offline channels. The offline segment accounted for the largest share of the global market in 2018. Retailers like supermarkets, hypermarkets, and other specialty stores are popular outlets that offer a wider range of products. That being said, the online distribution channel is slated to witness the quickest CAGR over the forecasted period. The experience of shopping online is both convenient and hassle-free which has helped bolster the positive growth of this market.
Regional Analysis:The market in North America accounted for a majority of the global body firming creams market in 2018 and will continue to do so due to an ever-increasing demand for anti-aging products. The Asia Pacific market is expected to index the fastest CAGR over the period of this study. Increased market penetration by international manufacturers as a result of investment-friendly policies in countries like India and China are anticipated to open new avenues of growth in the foreseeable future.
Below are the active patents related to Body Firming Creams Market.Patent Number: US9089505B1 Skin firming cream Abstract The present invention features novel cosmetic skin care compositions for improving the appearance of skin. Application filed by Date: 2014-10-14 Application granted Date: 2015-07-28 Current Assignee: JAN MARINI SKIN RESEARCH
Below are the leading companies profiled in this Body Firming Creams Market Report:
Chapter 1 Methodology and Scope