According to a new report published by Allied Market Research titled, "Night creams market by Product Type, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026," The global night creams market size was valued at $7.1 billion in 2018, and is projected to reach $11.4 billion by 2026, registering a CAGR of 6.4% from 2019 to 2026. The global moisturizing cream segment was valued at $4.1 billion in 2018 and is anticipated to reach $5.9 billion by 2026, with a CAGR of 5.4% during the forecast period.
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Night cream products enhance skin revitalization through its rich moisturizing effects. Most of the night creams help in preventing epidermal moisture loss and also provide ample lubrication. Night creams with Melatonin (strong antioxidant molecule) improve the penetration of the Mel molecules through the skin layers, thereby, preventing skin ageing. Creams comprise of Melatonin have been developed (Nutriage day cream and Nutriage night cream) and commercialized in the night creams market. These products are gaining popularity among working population of age between 25-40 years. The outstanding benefits coupled with skin friendly ingredients have boosted the adoption among the consumer base. Women with skin aging issues have significantly received skin tonicity and skin hydration and also witnessed reduction in skin roughness with the help of night cream products.
Night cream cosmetic products have gained popularity owing to its antioxidants and anti-wrinkle content, which helps in reducing the pace of skin aging. Nigh cream products are also sought for its skin whitening and moisturizing attributes among millennial and generation Z. Skin whitening night cream contains common ingredients such as AHA, BHA*, Retinol, Vitamin A, and others. These ingredients enhance the skin brightness when used along with other skin care regime such as SPF 30. The presence of such multifunctional night cream products in the market and ever increase in demand for multifunctional cosmetic products have propelled the revenue growth of the overall night creams market. The companies with wide spread product portfolio of night creams are targeting specific group of consumers through their innovative marketing strategies. These companies are conducting sessions or programs to increase awareness among the targeted group of consumers.
The night creams market is segmented on the basis of product type, distribution channel, and region. By product type, it is categorized into moisturizing cream, anti-aging cream and skin whitening cream. The global Anti-aging Cream segment was valued at $2.2 billion in 2018 and is anticipated to reach $2.3 billion by 2026, with a CAGR of 7.5% during the forecast period. By distribution channel, it is categorized into Retail Pharmacies, Convenience stores, Supermarket/Hypermarket and E-commerce. The e-commerce night creams market was valued at $1.4 billion in 2018, and is projected to reach $2.7 billion by 2026, growing at a CAGR of 8.6% from 2019 to 2026.
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Region-wise, night creams market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and Rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa). North America and Europe collectively accounted for around 65.4% share in 2018, with the former constituting around 35.2% night creams market share. The establishment of beauty retailers such as Sephora and Ulta, have drastically influenced the trend of cosmetics, especially among millennials. They have gained traction with shoppers by offering in-store experience which boost the night creams market growth in the region. According to the Mexican Chamber of Cosmetic Products (CANIPEC), the entrance of prestigious skincare brands into the Mexican market led to a notable market growth percent with direct selling as their largest distribution channel for beauty products.
Key Findings of the Study
- The Skin whitening creams segment is expected to grow at a CAGR of 7.8% during the forecast period.
- North America is anticipated to dominate the Night creams market growth, registering a CAGR of 5.8% during the forecast period.
- Asia-Pacific is projected to exhibit exponential growth throughout 2026, registering the highest of CAGR 6.7% during the forecast period.
- The Convenience stores distribution segment is anticipated to dominate the global Night creams market analysis, with a CAGR of 8.1% during the forecast period.
- The E-commerce segment is estimated to grow at a CAGR of 8.6% during the forecast period.
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The key players operating in the global night creams industry include Shiseido Co. Ltd., Solstice Holding, Estee Lauder Companies, Clinique Laboratories, L'Oreal S.A., Procter & Gamble, Unilever PLC, VLCC Health Care, Himalaya Global Holdings, Beiersdorf AG and Guerlain. Other key vendors analyze in the study are Elizabeth Arden, Clarins and Nivea, Lancome, Avon, Revlon, among others
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May 10, 2019: This report studies the global Night Creams market status and forecast, categorizes the global Night Creams market size (value & volume) by manufacturers, type, application, and region.
This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia).The major manufacturers covered in this report• Shiseido• Solstice Holding• Estee Lauder Companies• Clinique Laboratories• L'Oreal S.A.• Procter & Gamble• Unilever PLC• VLCC Health Care• Patanjali Ayurveda• Himalaya Global Holdings• Beiersdorf AGRequest a Free Sample Copy of Night Creams Market Report @ https://www.radiantinsights.com/research/global-night-creams-market-research-report-2019/request-sampleGeographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering• North America• Europe• China• Japan• Southeast Asia• IndiaOn the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into• Mousterizing Creams• Skin Whitening Creams• Anti-Ageing Creams• OtherOn the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including• Men• WomenThe report “Global Night Creams Market Research Report 2019” is available now at https://www.radiantinsights.com/research/global-night-creams-market-research-report-2019 The study objectives of this report are:• To analyze and study the global Night Creams capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);• Focuses on the key Night Creams manufacturers, to study the capacity, production, value, market share and development plans in future.• Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.• To define, describe and forecast the market by type, application and region.• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.• To identify significant trends and factors driving or inhibiting the market growth.• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market• To strategically profile the key players and comprehensively analyze their growth strategies.In this study, the years considered to estimate the market size of Night Creams are as follows:• History Year: 2013-2017• Base Year: 2017• Estimated Year: 2018• Forecast Year 2018 to 2025For the data information by region, company, type and application, 2017 is considered as the base year.
Whenever data information was unavailable for the base year, the prior year has been considered.Key Stakeholders• Night Creams Manufacturers• Night Creams Distributors/Traders/Wholesalers• Night Creams Subcomponent Manufacturers• Industry Association• Downstream VendorsAvailable CustomizationsWith the given market data, Radiant Insights offers customizations according to the company's specific needs.
The following customization options are available for the report:• Regional and country-level analysis of the Night Creams Market, by end-use.• Detailed analysis and profiles of additional market players.
Night Creams Market size is projected to attain USD 11.62 billion by the end of 2025, according to a new report by released Million Insights.
Its hydrating and moisture restoring properties provide the best solution for extremely dry skin.
Nowadays, people are more concerned about skin related issues and there is an increase in the disposable income levels of the customers which relatively increased the demand for the product from, 2019 to 2025.
Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/global-night-creams-market/request-sample The key driving factors responsible for the growth of Night Creams market : Rapid increase in the demand for night creams has enforced the existing players in cosmetic & skin care industry and new entrants to enter in the night cream market.
They are putting their efforts in targeting different segments that deal with different skin related issues such as deep hydration, skin lightening, maintenance of elasticity, even tone and soft and supple skin.
Multiple opportunities are created due to the growth observed in online distribution channels, ease of estimating the quality of products that are available in supermarkets and specialty stores and the growing concerns about damaged skin and aging.
