BB Cream Market Size, Share, Global Sector / Industry Report & Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global BB Cream Market


The global BB Cream market size is projected to reach US$ 6.19 billion by 2026, from US$ 2.76 billion in 2020, at a CAGR of 14.4% during 2021-2026. Growing demand for innovative and high quality skincare among young consumers is anticipated to propel the demand for Blemish Balm (BB). Rise in the number of young working population coupled with double income families is expected to further drive the demand. Moreover, changing lifestyle and desire to look good is expected to boost the adoption of blemish balm.

Changing climatic condition and increasing awareness regarding harmful effects of ultraviolet rays will result in increasing demand for BB creams. Furthermore, growing demand for multifunctional packaging will increase the scope of packaging in the foreseeable future. Majority of consumers are likely to opt for convenient packaging and products that offer multiple benefits, which is anticipated to drive the demand for blemish balms.

BB Creams“also referred as Blemish Balms or Beauty Balms-are multifunctional skincare packaging that combine the functionality of moisturizers, SPF, primer, and foundation along with the anti-aging benefits of skin serums. Growing consciousness about skincare is driving the product demand. Although older consumers are still key to marketing efforts, younger consumers are becoming more aware about the importance of skin care.

Rising demand for natural and organic packaging with no unnecessary chemicals, parabens, additives or fillers is anticipated to further drive the market. Many established beauty product manufacturers are venturing into natural, herbal, and organic product lines, which is projected to create growth in business opportunities in near future.

Demand for skincare products among men is expected to witness substantial growth in near future. Many companies have expanded their packaging offerings to fulfil rising demand from style conscious men. The demand for personal care among men is evolving beyond traditional grooming products such as deodorants, razors, and skincare including anti-aging to make-up. Male skincare is expected to witness healthy growth in near future. The sale of male skincare packaging has witness significant increasing, outpacing growth of various categories including shower, bathing, and haircare.

Market Segmentation, Outlook & Viewpoint: Global BB Cream Market

Packaging Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Tube/Bottle
  
Air Cushion

Distribution Channel Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Offline
  
Online

Key Players, Recent Developments & Regional Insights: Global BB Cream Market

Tube packaging was the largest segment, accounting for 97.4% of market share in 2018. In personal care industry, squeezable plastic tubes have always been used for toothpaste packaging. However, they are becoming popular in skincare industry owing to the growing demand for facial cleanser and moisturizers. This has inspired many companies to add more value to their product by creating multifunctional packaging, the current most successful being the blemish balm. BB product is cost effective for consumers as is combines functionality of moisturizer, sunscreen, premier, and foundation. Many products are formulated for specific skin types. As these creams are primarily packaged in plastic over glass, market for tubes is expected to witness significant growth over the forecast period.

Distribution Channel

Offline segment held the largest market share of more than 90% share in 2018. In several regions including U.S. and Europe, governments have provided flexible working hours where departmental stores and supermarkets can operate till mid-night. This provides significant growth opportunity for various companies, to strategically place their packaging at this places.

Online segment is expected exhibit the fastest CAGR of 16.8% over the forecast period. With the increasing internet penetration in various countries, online sales channels have experience significant growth over the last three to four years. Moreover, online retailer such as Amazon and Flipkart are adding this product category as their main focus area. Furthermore, beauty care packaging category has attracted vertical specialist such as Nykaa and Purplle, who are focusing on increasing their market presence.

Regional Insights

Asia Pacific was the largest region, accounting for 40.6% of global market share in 2018. The overall personal care industry has witness substantial growth over the past few years. The skincare market is witnessing shift in demand from old to young consumers. Young consumers are using anti-ageing products to delay the signs of aging, which is anticipated to drive the regional market. In addition, rising disposable income in developing countries including China, India, Bangladesh, and Thailand is anticipated to have a high impact on regional growth. Furthermore, Korean and Chinese women spend a significant time on makeup, which is projected to further drive the BB cream market over the forecast period.

Followed by Asia Pacific, Europe held largest market share in 2018. Technological advancements coupled with development and introduction of innovative creams is expected to have a positive impact on growth. Rising demand for anti-aging creams is also expected to boost regional market development in the forthcoming years.

Germany was the largest market in Europe, accounting for more than 8% market share in 2018. The market is driven by young consumers who prefer organic, aluminum free, and mineral oil free products. Rising consumer awareness is one of the key factors influencing the growth of the FMCG packaging for cosmetics. Consumers in the country buy both organic and conventional products and spontaneously make their buying decision. As a result, companies need to engage with their customers, keeping them interested with attractive products.

BB Cream Market Share Insights

The blemish balm has witness significant growth since its inception. Growing spending power of middle class and upper-middle class population has not only increased demand for beauty balm but has also increased competition among various market players. The companies operating in the market are focusing on launching innovative packaging to increase customer base. Some of the key player in the market are LOreal S.A.; Unilever; The Estee Lauder Companies Inc.; Shiseido Company, Limited; Christian Dior SE; Missha US Inc.; Avon Products, Inc.; LOccitane; AMOREPACIFIC CORPORATION; and ETUDE HOUSE, Inc.

Key Insights Covered: Global BB Cream Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of BB Cream industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of BB Cream industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of BB Cream industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of BB Cream industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of BB Cream industry.

Research Methodology: Global BB Cream Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other