Trusted Business Insights presents the Latest Study on Body Firming Creams Market 2019-2025. The report contains market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary, and SWOT analysis.
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Abstract, Snapshot, Market Analysis & Market Definition: Global Body Firming Creams Market
The global body firming creams market size was valued at USD 2.2 billion in 2018. Growing consciousness regarding visual appearance among the millennial consumers has been boosting the demand for the product across the world. Furthermore, rising spending on anti-aging products among adults in the developing countries including China and India is expected to remain a key driving factor in the upcoming years.
Growing popularity of natural beauty products will have a positive impact on the industry growth in the near future. Preference for natural products is increasing among consumers across the globe. They are opting for the products that are manufactured using natural ingredients and contain low chemicals. As a result, a large number of manufacturing firms are offering a wide range of products, which comprise organic ingredients including coconut, olive oil, avocado, jojoba, aloe vera, carrot seed extracts, and sunflower. Rising awareness among consumers regarding harmful effects associated with synthetic creams has been promoting the importance of natural products. This trend will encourage the producers to expand their portfolio in natural products.
Growing penetration of online sales of personal care products as a result of increasing smartphone users at a global level has also created an opportunity for e-commerce retailers in this industry. This rapid growth of e-commerce is expected to fuel the expansion of the market over the world, especially in price-sensitive economies including China and India.
Manufacturers are also introducing their shopping websites and implementing omnichannel marketing strategies for the distribution of personal care products including body firming products. However, high tariff rates and complex trade regulations are expected to remain crucial challenges in the near future.
Market Segmentation, Outlook & Viewpoint: Global Body Firming Creams Market
Product Market Segmentation & Outlook (Revenue, USD Million, 2014 – 2025)
Distribution Channel Market Segmentation & Outlook (Revenue, USD Million, 2014 – 2025)
Key Players, Recent Developments & Regional Insights: Global Body Firming Creams Market
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The non-plant extract segment dominated the market in 2018, accounting for over 60.0% share of the global revenue. This segment has gained huge popularity in developing economies such as India, China, and Brazil on account of easy product access and low price as compared to the natural-derived product forms. Rising awareness about skin irritations, allergies, and other side effects resulted from synthetic products is expected to limit the scope of non-based products in the near future.
Plant extract products are anticipated to witness the fastest growth in the upcoming years. Over the past few years, the manufacturers have been innovating by incorporating plant extracts including caffeine, green tea, seaweed, jojoba, aloe vera, shea butter, olive, macadamia, and guarana.
For instance, in November 2017, Palmer’s, a brand of E.T. Browne Drug Co., Inc., introduced its Anti-Oxidant Firming Lotion made of natural raw materials. This product comes under its Coconut Oil Formula line, which is Certified Organic Extra Virgin Fair Trade Coconut Oil. It includes natural ingredients such as caffeine, seaweed, and sweet almond oil. The lotion aims to provide firmer, more tightened, and toned body especially thighs, upper arms, hips, buttocks, and stomach. Similarly, SAMI Direct Bangladesh Pvt. Ltd., in May 2015, launched its plant extract based Body Firming Anticellulite Cream.
Distribution Channel Insights
Offline distribution channel held the largest share of more than 80.0% in 2018. Hypermarkets, supermarkets, and specialty stores are the popular retail outlets in the offline distribution channel. These retailers offer a wide array of brands available at different price points.
The online distribution channel is expected to witness the fastest CAGR of 7.0% from 2019 to 2025. Increasing use of smartphones and internet is expected to play a crucial role in the growth of this segment in the near future. The convenient and hassle-free shopping experience has boosted the growth of the online distribution channel. Over the past few years, the manufacturers have been investing significantly in online retailing to meet the growing demand.
As of 2018, North America dominated the market, accounting for 35.1% share of the global revenue. Rapidly aging population has been driving the demand for the products in this region. As of 2018, people aged 25 or more accounted for over 60% of the total population. According to numerous research studies, this number will increase tremendously in the future. As a result, demand for anti-aging products including body firming lotion will continue to grow in this region in the forthcoming years.
Asia Pacific is expected to register the fastest CAGR of 8.2% from 2019 to 2025. Rising demand for personal care products, along with increasing purchasing power in the countries including China, Japan, India, South Korea, and Thailand, is fueling the growth of the industry in this region. In addition, increasing penetration of international manufacturers in the countries including China and India as a result of supportive investment friendly polices implemented for promoting manufacturing output by national governments is expected to open new avenues over the next few years.
Body Firming Creams Market Share Insights
Key manufacturers of this industry include L’Oreal S.A.; Beiersdorf AG; Clarins Group; Johnson & Johnson; Sol de Janeiro; ET Browne Drug Co. Inc.; The Procter & Gamble Company; Kao Corporation; Shiseido Company, Limited; and The Estee Lauder Companies Inc. In the coming years, manufacturers are expected to invest in plant-based products and expand their product portfolio in this segment.
For instance, in March 2019, Bangn Body, an Australia based vegan- friendly beauty product producer, launched its natural Firming Body Lotion made from coconut oil, jojoba seed oil, aloe vera, shea butter, green coffee bean extract, avocado oil, and pineapple fruit extract. In addition, the producers are expected to strengthen their online presence in order to expand their reach among consumers.
Key Insights Covered: Global Body Firming Creams Market
1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Body Firming Creams industry.
2. Global major manufacturers’ operating situation (sales, revenue, growth rate and gross margin) of Body Firming Creams 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 Body Firming Creams industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Body Firming Creams industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Body Firming Creams industry.
Research Methodology: Global Body Firming Creams 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
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