BB Cream Market To Generate Revenue Of $5.41 Billion By 2025: Grand View Research, Inc.

September 23 23:22 2019
BB Cream Market To Generate Revenue Of $5.41 Billion By 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research,The BB cream, also called as beauty balm or blemish balm, is a combination of moisturizer, sunscreen, foundation, and primer, as well as works as anti-aging serum.

According to a report,“BB Cream Market Size, Share & Trends Analysis Report By Packaging (Bottle/Tube, Air Cushion), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc., The global BB cream market size is expected to reach USD 5.41 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 14.4% during the forecast period. The market is expected to witness significant growth owing to the rising popularity of multifunctional products among young men and women. The BB cream, also called as beauty balm or blemish balm, is a combination of moisturizer, sunscreen, foundation, and primer, as well as works as anti-aging serum.

BB cream has maintained strong position in the global skin care market. Increasing disposable income coupled with awareness regarding skin health among men and women has increase demand for innovative and quality products such as BB cream. Moreover, growing demand for natural and organic products in developed countries is projected to fuel the product demand over the forecast period.

Blemish balm or beauty product is also called as all-in-one product, as it provides protection form UV radiation, as well as hydration and anti-aging effect. Popularity of beauty cream has spread in Asia, especially in Korea, China, and Japan. Along with various benefits, the fact that it helps reduce the time require for make-up has attracted many young consumers. Followed by Asia, popularity of BB cream has spread in the western world. Since 2012, blemish balm has witnessed substantial growth in developed countries and has maintained its prominent position in the beauty and personal care market in U.S.

Key Takeaways from the report:

  • In terms of revenue, tube/bottle segment is projected to ascend at a CAGR of 14.5% over the forecast period

  • Offline segment led the global market with an overall revenue share of over 91.2% in 2018

  • Air cushion segment was valued at USD 55.9 million in 2018, is projected to exhibit a significant growth in the next few years

  • Asia Pacific led the global BB cream market in 2018, with 40% of the revenue share and is projected to continue witnessing similar growth over the next few years

  • The market is highly competitive in nature with the main players such as L’Oréal S.A.; Unilever; The Estee Lauder Companies Inc.; Shiseido Company, Limited; Christian Dior SE; Missha US Inc.; Avon Products, Inc.; L’Occitane; AMOREPACIFIC CORPORATION; and ETUDE HOUSE, Inc. The manufacturers concentrate on new product launches and product innovation to increase the consumer base.

U.S. BB cream market size, by distribution channel, 2015 - 2025 (USD Million)

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Global BB cream market share, by region, 2018, (%)

Regional Insights

Asia Pacific was the largest region, accounting for 40.6% of global market share in 2018. The overall personal care industry has witness substantial growth over the past few years. The skincare market is witnessing shift in demand from old to young consumers. Young consumers are using anti-ageing products to delay the signs of aging, which is anticipated to drive the regional market. In addition, rising disposable income in developing countries including China, India, Bangladesh, and Thailand is anticipated to have a high impact on regional growth. Furthermore, Korean and Chinese women spend a significant time on makeup, which is projected to further drive the BB cream market over the forecast period.
Followed by Asia Pacific, Europe held largest market share in 2018. Technological advancements coupled with development and introduction of innovative creams is expected to have a positive impact on growth. Rising demand for anti-aging creams is also expected to boost regional market development in the forthcoming years.

Germany was the largest market in Europe, accounting for more than 8% market share in 2018. The market is driven by young consumers who prefer organic, aluminum free, and mineral oil free products. Rising consumer awareness is one of the key factors influencing the growth of the FMCG packaging for cosmetics. Consumers in the country buy both organic and conventional products and spontaneously make their buying decision. As a result, companies need to engage with their customers, keeping them interested with attractive products.

BB Cream Market Share Insights

The blemish balm has witness significant growth since its inception. Growing spending power of middle class and upper-middle class population has not only increased demand for beauty balm but has also increased competition among various market players. The companies operating in the market are focusing on launching innovative packaging to increase customer base. Some of the key player in the market are L’Oréal S.A.; Unilever; The Estee Lauder Companies Inc.; Shiseido Company, Limited; Christian Dior SE; Missha US Inc.; Avon Products, Inc.; L’Occitane; AMOREPACIFIC CORPORATION; and ETUDE HOUSE, Inc.

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About Grad View Research, Inc.

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

 

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