Night Creams Market Size, Share, Growth, and Industry Analysis, (Moisturizing Creams, Skin Whitening Creams and Anti-Ageing Creams), By Application (For Men and Women) and Regional Insights and Forecast to 2031

Updated On: 06 May 2024

NIGHT CREAMS MARKET REPORT OVERVIEW

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The global night creams market size was USD 6074.2 million in 2020 and will touch USD 7327.2 million by 2026, exhibiting a CAGR of 3.2% during the forecast period.

Night creams are a variant of the cosmetic products that constitutes of various hydrating ingredients that are very beneficial for the skin. Night creams majorly are used for hydrating plus moisturizing the skin and also as a whitening agents, majorly by the females. The growing number of consumers underlying a dry and oily skin also constitutes to be a prime consumer in supplementing the night cream market growth in the forecasted period. Night creams are basically used at night, prominently by women sector who apply an excessive makeup and to avoid the damages caused to skin by it.  These creams are gaining quiet popularity, especially among a large portion of population, on account of the various benefits they provide as such moisturizing, hydrating and skin whitening and many others.

COVID-19 Impact: Pandemic Provoked Focus on Health and Wellness with Online Platforms Being Supportive to Tumble Up the Market Sales

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The increased people's consciousness of their health and well-being, in the phase of COVID-19 outbreak diversely affected their choice of skincare products. Products with organic and health-beneficial components have gained a lot of traction and became more and more popular. E-commerce growth increased as a result of physical traditional store closures and the capacity constraints. A huge mass of people started purchasing and ordering skincare and cosmetics products, especially night creams, on e-commerce sites.

LATEST TRENDS

"Inclusion of Innovative Ingredients and Personalized Creams to Grip Up the Market Sales"

The market growth is being driven by night creams that provide focused treatments for hydration, skin renewal, and aging, and contain cutting-edge chemicals like retinol, hyaluronic acid, and peptides. The increasing need for customized night creams that target specific skin issues propels innovation and distinguishes products. The growing trend of clean beauty among consumers is encouraging the creation of night creams that are naturally and organically formulated, emphasizing sustainability and skin health.

NIGHT CREAMS MARKET SEGMENTATION

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By Type

Based on type the global market can be categorized into Moisterizing creams, skin whitening creams and anti-ageing creams.

• Moisturizing Cream: The moisturizing sector is projected to have the most market shares. This market is driven by consumer desire for highly hydrated goods. These products nourish the skin and aid in maintaining a healthy complexion.

• Skin Whitening Cream: Antioxidants including vitamin A, C, and E, together with peptides, help to promote a more radiant complexion. This element is anticipated to increase product sales even further. It is anticipated that the use of certain components would create new growth opportunities.

• Anti-Agening Cream: Growing consumer demand for night creams is being driven by the product ability to eliminate wrinkles and scars. The middle-aged and older population also uses the cream extensively to give their skin a more youthful look, smoother complexion, and increased elasticity. Many clients who are worried about their aging skin's dullness and sagging are drawn to the aforementioned features.

By Application

Based on application the global market can be categorized into for men and women.

• Men and women use night creams in essentially the same ways since its application is to hydrate and supplement the skin while it is in repair mode at night. The selection of a night cream might vary depending on personal skin types and concerns for both men and women. Retinol, hyaluronic acid, peptides, and antioxidants are common components of night creams that aid with fine lines, wrinkles, dryness, and uneven skin tone.

DRIVING FACTORS

"Growing Skincare Awareness and Night Skincare Rituals to Raise High the Market Demand"

The psychological component of nighttime skincare routines is a major motivator. In order to improve the whole overnight skincare experience, brands are putting more emphasis on the therapeutic and relaxing benefits of night creams and combining aromatherapy and soothing fragrances. Customers looking for a holistic approach to skincare as well as practical advantages find this emotional connection appealing.

"Smearing Online Beauty Platforms and E-Commerce Channels to Diversify And Boom Up the Market Sales"

The increasing digitalization and internet penetration has piqued the curiosity of customers worldwide in making online purchases of cosmetics. Along with saving a ton of time, money, and effort, the online mode of purchasing has made it easier for consumers to buy beauty items and has secured online payment choices. In addition, the younger generation that has grown up in the e-commerce era is heavily influenced by digital payment methods and is consequently having a big impact on the online sales of these products, which will further drive the market demand in the forecast period and the upcoming years. Many merchants are creating online sales channels in addition to traditional ones, providing a handy option for individuals with hectic schedules.

RESTRAINING FACTOR

"Skin Type Sensitivity and Individual Ingredient Reaction to Curb the Market Growth"

Not every skin type may be benefited by the night creams. Certain components used in night creams might cause irritation or allergic reactions in those with sensitive skin. Patch testing should be done before utilizing a new product. Certain compounds, such retinoids, which are frequently included in night creams, may cause sensitivities in certain individuals. Knowing how various substances affect your skin might help you select the best products for your requirements. Hence, such factors are expected to hinder the night creams market growth during the forecast period.

NIGHT CREAMS MARKET REGIONAL INSIGHTS

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"Asia Pacific with Growing Skincare Awareness Among Consumers and Influence of the K-Beauty Trends to Lead the Market Share"

The market is primarily segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

Asia Pacific region dominated the night creams market share in the forecasted period. Driven by rising knowledge of skincare and the impact of K-beauty trends, the Asia Pacific region emerges as a dynamic center for the global night cream market. Innovative formulas and an emphasis on skin hydration are leading the way in countries like South Korea and Japan, which are home to brands like SK-II and Laneige. Customers in the area are looking for multipurpose night creams that combine conventional components with cutting-edge technology.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

Important industry players have a big impact on the market and are crucial in determining customer preferences and market dynamics. These major firms provide consumers easy access to a vast array of clothing alternatives through their huge retail networks and online platforms. Product adoption has increased as a result of their strong worldwide presence and well-known brand, which has also enhanced consumer trust and loyalty. These industry titans also consistently fund R&D, bringing cutting-edge designs, materials, and clever features to night creams to meet changing customer demands and preferences. These big businesses' combined efforts have a big impact on the market's future direction and level of competition.

List of Market Players Profiled

• Shiseido (Japan)
• Solstice Holding (U.S.)
• Estee Lauder Companies (U.S.)
• Clinique Laboratories (U.S.)
• L'Oreal S.A. (France)
• Procter & Gamble (U.S.)
• Unilever PLC (U.K.)
• VLCC Health Care (India)
• Patanjali Ayurveda (India)
• Himalaya Global Holdings (India)
• Beiersdorf AG (Germany)

INDUSTRIAL DEVELOPMENT

• December 2023: The Shiseido company acquired the Dr. Dennis Gross Skincare brand which offers a wide range of dermatologist-led, science-based prestigious skincare and that has revolutionized the beauty and skin care industry by bringing highest-level of products to consumers everywhere.

REPORT COVERAGE

The report includes a thorough SWOT analysis and offers predictions for market growth in the future. It explores a broad range of market categories and possible applications that might have an impact on the market's trajectory in the upcoming years, as well as key aspects that contribute to the market's growth. The research provides a comprehensive overview of the market's components and identifies possible growth opportunities by taking into account both historical turning points and present trends.