Night Cream Market: Global Industry Analysis and Forecast (2023-2029)

Night Cream Market size was valued at US$ 9.41 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 7.25% through 2023 to 2029, reaching nearly US$ 15.37 Bn.
Night Cream Market Overview:
The Global Night Cream market was valued at US $9.41 Bn. in 2022, and it is expected to reach US $15.37 Bn. by 2029 with a CAGR of 7.25% during the forecast period. Night cream is a full skin hydration product. Apart from improving the exterior appearance, it also improves the overall health of the skin and restores damaged cells. It improves blood circulation and cell renewal, increases collagen production, and restores skin suppleness.

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Though market forecasting through 2029 is based on real output, demand and supply of 2022, 2022 numbers are also estimated on real numbers published by key players as well all important players across the world. Market forecasting till 2029 is done based on past data from 2017  to 2022 with the impact of global lock down on the market in 2021 and 2022.
Night Cream Market Dynamics:
Rising requirement for skin repair solution has prompted a stimulated demand for effective moisturizing night cream. Night creams help to maintain skin elasticity, hydrates the skin, provide better blood circulation and Smooth and fair skin texture. Increasing instances of side effects such as rashes and skin irritation has led individuals to prefer purchasing natural & organic night cream products. Due to the bad effect of night cream which contains chemical in it restrains the market growth. Exposure of skin to extreme weather conditions such as winters and summers can lead to various dermal issues such as excessive dryness, rashes, and skin irritation. For effective maintenance of the skin health, individuals prefer spending on night creams.

Furthermore, penetration of the product in the anti-aging and moisturising application sectors is driving growth, resulting in increased market sales. These products are popular among the elderly due to their capacity to replenish skin cells and eliminate blemishes and scars. Due to a lack of sleep, issues such as dark circles under the eyes are common among younger people. Night cream can aid in the treatment of such problems. A thick night cream, on the other hand, is not good for the skin since it clogs the pores and prevents the skin from breathing normally. These are the key major factor that drives the growth in the global market during the forecast period 2021-2029.
Night Cream Market Segment Analysis:
Based on the Product, the market is segmented into Moisturizing, Anti-aging, Skin Whitening, and Others. Moisturizing segment is expected to hold the largest market shares of xx% by 2029. Consumer preference for much hydrated products drives this segment. These products help to maintain a healthy complexion and nourish the skin. Furthermore, antioxidants such as vitamin A, C, and E, as well as peptides, contribute to a brighter complexion. This factor is expected to boost product sales even more. The use of specific components is expected to open up new potential for growth. Procter and Gamble's Olay Double Action Moisturiser Night Cream, for example, provides skin with moisture lock protection as well as nourishment and hydration. These are the key major factor that drives the growth of this segment in the global market during the forecast period 2021-2029.

Based on the Distribution Channel, the market is segmented into Online, and Offline. Offline segment is expected to grow rapidly at a CAGR of xx% during the forecast period. Consumers like to inspect the contents and ingredients, as well as the value-added features, before buying, which is driving the growth. Growth is also expected to be fuelled by the simplicity with which different products can be used, as well as brand and price comparison. The availability of a variety of high-quality products at specialised stores, convenience stores, hypermarkets, and supermarkets has boosted offline sales tremendously. These are the key major factor that drives the growth of the Offline segment in the global market during the forecast period 2021-2029.
Regional Insights:
Europe dominates the global Night Cream market during the forecast period 2021-2029. Europe is expected to hold the largest market shares of xx% by 2029. Cosmetic product consumption is increasing in countries like Germany, the United Kingdom, and France, which is driving the growth. Germany, for example, consumed the most personal care and cosmetic products in 2017, with a total value of EUR 13.54 billion. Furthermore, with a value of EUR 20.7 billion in 2017, the skincare area accounted for the greatest percentage of cosmetics items in Europe. The sales of a large number of companies, including as L'Oréal SA, Shiseido Group, Avon Inc., and Beiersdorf AG, contribute to regional growth. These are the key factor that drives the growth of Europe region in the global market during the forecast period.

The objective of the report is to present a comprehensive analysis of the Global Night Cream Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also helps in understanding the Global Night Cream Market dynamic, structure by analyzing the market segments and project the Global Night Cream Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Night Cream Market make the report investor’s guide.
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Night Cream Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 9.41 Bn.


Forecast Period 2023 to 2029 CAGR:
7.25%
Market Size in 2029:
US $ 15.37 Bn.


 Segments Covered:
by Product
Moisturizing
Anti-aging
Skin Whitening
Others


by Type
Dry
Oil
Neutral
Sensitive


by Application
Retail store
Specialist store
Online store


by Distribution Channel
Online
Offline



Night Cream Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)
Key Players are:
1.Shiseido Co. Ltd.
2.Solstice Holding Inc.
3.Estee Lauder Companies Inc.
4.Clinique Laboratories
5.L’Oreal
6.S.A.
7.Procter & Gamble Co.
8.Unilever PLC
9.VLCC Health Care Ltd.
10.Patanjali Ayurveda Ltd.
11.Himalaya Global Holdings Ltd.
12.Beiersdorf AG
13.Lancôme
14.Estee Lauder
15.Clinique
16.Dior
17.Guerlain
18.Elizabeth Arden
19.Clarins
20.Nivea
21.Nuxe
22.Marub.
23.Lake may.

Frequently Asked Questions:

1] What segments are covered in Night Cream Market report?
Ans. The segments covered in Night Cream Market report are based on Product, Type,  Application and Distribution Channel.

2] Which region is expected to hold the highest share in the Global Night Cream Market?
Ans. Europe is expected to hold the highest share in the Global Night Cream Market.

3] Who are the top key players in the Global Night Cream Market?
Ans. Shiseido Co. Ltd., Solstice Holding Inc., Estee Lauder Companies Inc., Clinique Laboratories, LLC, and L’Oreal are the top key players in the Global Night Cream Market.

4] Which segment holds the largest market share in the Global Night Cream market by 2029?
Ans. Moisturizing segment hold the largest market share in the Global Night Cream market by 2029.

5] What is the market size of the Global Night Cream market by 2029?
Ans. The market size of the Global Night Cream market is US $15.37 Bn. by 2029.

6] What was the market size of the Global Night Cream market in 2022?
Ans. The market size of the Global Night Cream market was worth US $9.41 Bn. in 2022.