Global CC Cream Market Is Expected to Reach $889.8 Million by 2031: Says AMR
Allied Market Research
5 min read
Allied Market Research
Rise in the number of female consumers that are focusing on skincare and beauty drives the growth of the global CC cream market. By type, the above 30 SPF segment held the major share in 2021. By region, on the other hand, the market across Asia-Pacific would remain lucrative by 2031.
Portland, OR, Sept. 08, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global CC cream market was estimated at $433.8 million in 2021 and is expected to hit $889.8 million by 2031, registering a CAGR of 7.1% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
Report coverage & details:
Report Coverage
Details
Forecast Period
2022–2031
Base Year
2021
Market Size in 2021
$433.8 Million
Market Size in 203
$889.8 Million
CAGR
7.1%
No. of Pages in Report
240
Segments Covered
Type, Application, Sales Channel, and Region
Drivers
Rise in the number of female consumers that are focusing on skincare and beauty
Opportunities
Several growth prospects in both the developed and developing economies
Reduced consumer expenditure on cosmetic products impacted the global CC cream market negatively, especially during the initial period.
Moreover, growing preference forhygienic products also had an adverse impact on the market. However, the market has already started recovering at a swift pace.
The global CC cream market is analyzed across type, application, sales channel, and region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
By type, the above 30 SPF segment garnered more than two-fifths of the global CC creammarket in 2021, and would rule the roost by the end of 2031. The same segment would also display the fastest CAGR of 7.4% from 2022 to 2031.
Based on application, the normal skin segment held around half of the global market in 2021, and is expected to dominate by 2031. The dry skin segment, however, would manifest the fastest CAGR of 7.5% throughout the forecast period.
Based on sales channel, the hypermarkets and supermarkets segment held nearly two-fifths of the global market in 2021, and is expected to dominate by 2031. The online retails segment, however, would manifest the fastest CAGR of 8.0% throughout the forecast period.
Based on region, the market across Asia-Pacific generated nearly two-fifths of the global market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The same region would also display the fastest CAGR of 7.9% during the forecast period. The other regions studied in the report include North America, LAMEA, and Europe.
The key market players analyzed in the global CC cream market report include Procter & Gamble Co., Unilever, Marico, LoccitaneEn Provence, Oriflame Sweden, L’Oréal S.A., Chanel, Natura & Co., Kose Corporation, and Estee Lauder. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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