Day Cream Market Size, Share, Growth, and Industry Growth by Type (Dry, Oil, Neutral and Sensitive) By Application (Specialist Retailers, Factory Outlets, Internet Sales and Other), Regional Insights, and Forecast from 2023 to 2031

Updated On: 13 November 2023

Day Cream Market REPORT OVERVIEW

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The global day cream market size is expanded rapidly in 2022 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2022 to 2031.

Day cream is a type of facial moisturizer that is specifically designed to be used during the day. It is a skincare product that is applied after cleansing the skin and before applying makeup. The main function of a day cream is to provide hydration and moisture to the skin, helping to prevent dryness and flakiness. It contains ingredients such as humectants, emollients, and occlusives that work together to attract, seal in, and retain moisture in the skin.

In addition to hydration, many day creams also contain additional beneficial ingredients such as antioxidants, vitamins, and sunscreens. Antioxidants help protect the skin from damage caused by free radicals, while vitamins help nourish and strengthen the skin. Sunscreens protect the skin from harmful UV rays, which can cause premature aging and skin damage. 

COVID-19 Impact: The Disruption of the Supply Chain Had an Effect on Market Growth

The COVID-19 pandemic has had a mixed impact on the day cream market. While the demand for skincare products like day creams has increased due to the heightened focus on personal hygiene and self-care, the pandemic has also led to significant disruptions in the supply chain and distribution of beauty products. One of the most significant impacts of the COVID-19 pandemic on the day cream market has been the shift in consumer behavior towards online shopping. With many physical stores closed or operating under restrictions, consumers have increasingly turned to online shopping to purchase their skincare products. This has resulted in an increase in e-commerce sales for many beauty brands, including those selling day creams.

LATEST TRENDS

"Increasing Demand for Natural and Organic Ingredients will Propel Market Growth"

Consumers are increasingly looking for day creams made with natural and organic ingredients, as they are perceived to be gentler on the skin and more sustainable. Ingredients like aloe vera, green tea, and chamomile are popular in natural day creams. With growing concerns about environmental pollution and its impact on skin health, anti-pollution day creams have become a popular trend. These creams contain ingredients like antioxidants and vitamins that protect the skin from pollutants and free radicals.  

Day Cream Market Segmentation

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• By Type Analysis

By type, the day cream market is segmented into dry, oil, neutral and sensitive.

The dry segment will dominate the day cream market in the coming years. 

• By Application Analysis

Based on applications, the day cream markets are specialist retailers, factory outlets, internet sales and others.

The specialist retailers’ segment will lead the global share through 2031. 

DRIVING FACTORS

"Growing Demand for Anti-Aging Products Will Increase the Market Growth "

 As the global population ages, there is a growing demand for skincare products that can help prevent and reduce the signs of aging. Day creams with anti-aging ingredients like retinol, collagen, and hyaluronic acid are becoming increasingly popular. The growth of e-commerce and online sales channels is driving the availability and accessibility of day creams. Consumers can easily research and purchase products online, leading to increased competition and the introduction of new products into the market.  

"Increasing Awareness About Skincare Will Fuel Market Growth  "

Consumers are becoming more aware of the importance of maintaining healthy skin and the benefits of using skincare products like day creams. With the rise of social media and beauty influencers, there is also increased interest in skincare routines and products. Innovations in skincare technology are driving the development of new and improved day creams. For example, advanced formulations that combine multiple benefits like hydration, sun protection, and anti-aging are becoming more common.  

RESTRAINING FACTORS

"High Competition and Availability of Substitutes Will Hinder Market Growth "

The day cream market is highly competitive, with numerous brands and products available on the market. This can make it difficult for new or smaller brands to gain market share and compete with larger, well-established companies. Consumers have a wide range of options for skincare products, including other types of moisturizers, serums, and facial oils. This can limit the demand for day creams and affect their market growth. 

Day Cream Market REGIONAL INSIGHTS

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"North America to Grow at the Highest Day Cream Market Share During the Forecast Period"

The North American day cream market is expected to experience steady growth, driven by the increasing demand for natural and organic skincare products, and the popularity of anti-aging and anti-pollution creams. E-commerce and beauty specialty stores are the primary sales channels in this region.

The European day cream market is mature and highly competitive, with a focus on natural and organic ingredients, and a high demand for luxury and premium products. The market is driven by the increasing awareness of the importance of skincare and the popularity of multi-functional day creams that offer a range of benefits.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio. 

List of Market Players Profiled

• EsteeLauder (U.S.) 
• L'Oreal (France)
• LOREAL (Japan)
• LANCOME (France)
• SHISEIDO (Japan)
• VICHY (France)
• Clarins (France)
• Clinique (U.S.)
• NIVEA (Germany)
• Guerlain (France)
• Dabao (China)  

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services, or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes several other factors that have contributed to recent day cream market growth in some regions.