CC Cream Market Research, 2031
The global cc cream market size was valued at $433.8 million in 2021, and is projected to reach $889.8 million by 2031, growing at a CAGR of 7.1% from 2022 to 2031.
CC cream is a multi-tasking cosmetic that acts as a sunscreen, foundation, and moisturizer. CC cream is a color-correcting skin product that is meant to target discolored parts of the skin and eventually smooth out dark spots or red regions. Anti-aging chemicals such as vitamin C, peptides, and antioxidants are frequently integrated into the mix to protect the skin from sun damage.
The CC cream market has witnessed significant growth, owing to a rise in the number of female consumers that are focusing on skincare and beauty. Furthermore, key players in the market are trying to consolidate their position by introducing more suitable products for every skin type and trying to produce environment-friendly products, which are expected to drive the market growth during the forecast period.
CC cream has an advantage over other types of makeup. For example, CC cream shields skin from damaging UV radiation that can cause photoaging. As CC cream is lighter, it is less likely to clog pores and cause a breakout. If anyone wants a professional look, they may want to apply a little more CC cream because it doesn't provide as much "opaque" coverage as a conventional foundation. CC creams can also be used as a primer if used in smaller amounts to preserve the skin if one does not want to put on a full face of makeup before going out for errands.
Consumers have become aware of cosmetic products and skincare in recent years, especially women. Better understanding amongst women regarding their skin led to them using different products to identify the products that best suit their skin types. Consumers use a variety of products as part of their skincare routine and try high-quality products in the hopes that they can improve their appearance. Consumers are more likely to choose simple-to-apply and effective products such as CC cream which is the best choice for that since it is a multipurpose easy-to-apply cream, which has resulted in market expansion.
The cc cream market is segmented into Type, Application and Sales Channel.
On the basis of type, the market is categorized into below 15 SPF, between 15 and 30 SPF, and above 30 SPF. On the basis of application, the market is classified according to oily skin, normal skin, and dry skin. On the basis of sales channel, the market is divided into hypermarkets/supermarkets, specialty retailers, online retail, and others. On the basis of region, the market is studied across North America, Europe, Asia Pacific, and LAMEA.
The top leader that holds a significant CC cream market share such as L’Oréal S.A. and Unilever, sales and distributes CC cream, by some of its brands make it a prominent segment in the market. For instance, cosmetics have 4 types of CC cream.
On the basis of product, the above 30 SPF segment was valued at $ 197.5 million in 2021 and is expected to reach $ 416.6 million by 2031 at a CAGR of 7.4%. Skin-conscious people and women are significant users of CC cream. These consumers are more focused on the quality of products and a high sun protection factor. In addition, CC cream is considered as a multipurpose skincare product with foundation-like light to medium coverage. Owing to these factors, the above 30 SPF CC creams segment holds the highest market share.
On the basis of sales channels, the online retail segment was valued at $101.5 million in 2021, and is expected to reach $ 226.2 million by 2031 at a CAGR of 8.0%. An increase in the use of E-commerce portals in developing regions as well as an increase in the number of deals or discounts offered by these sites encourages end users. Furthermore, E-commerce platforms have expanded customer reach, resulting in them becoming a major source of revenue for many businesses. Furthermore, owing to the rapid increase of internet-enabled mobile user bases in emerging nations, the E-commerce segment is expected to expand during the CC Cream market forecast period.
Asia-Pacific has been dominating the global CC cream market and is expected to sustain its dominance during the forecast period. This is mainly attributed to the fact that people are more inclined toward cosmetics products. Beauty consumerism is high due to increasing exposure to the world of beauty. The use of beauty products has risen in the Asia-Pacific region, owing to a rising middle class and constantly increasing disposable income among consumers, propelling the region to the top of the global cosmetics market. The region includes some of the world's largest beauty brands that contribute toward significant sales volumes across the region, accounting for about 40% of the worldwide cosmetics market. The most promising growth rate on this course is expected to come from Asia-Pacific. The strong growth of the regional market is attributed to the rapid development of the health and wellness industry in the region.
Key players operating in the global CC cream industry have adopted various development strategies to expand their market share, increase profitability, and remain competitive in the market. Key players profiled in this report include L’Oréal S.A., Unilever, Estee Lauder, Marico, Procter & Gamble Co, Loccitane En Provence, Oriflame Sweden, Chanel, Kose Corporation, and Natura & Co.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cc cream market analysis from 2021 to 2031 to identify the prevailing cc cream market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the cc cream market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global cc cream market trends, key players, market segments, application areas, and CC Cream market growth strategies.
CC Cream Market Report Highlights
| Aspects | Details |
 By Type |
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 By Application |
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 By Sales Channel |
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 By Region |
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 Key Market Players | L’OCCITANE EN PROVENCE, Natura & co, Estée Lauder Inc., Marico, L’Oréal S.A., Unilever plc, Procter & Gamble Co., ORIFLAME SWEDEN, Chanel, KOSE CORPORATION |
Analyst Review
Awareness among consumers about skincare and wellness continues to increase, forcing manufacturers to focus on continuous product innovation with natural and herbal ingredients to gain a considerable market share. Increase in skin issues, the sun’s harmful rays, and competition to look beautiful, fuel the demand for CC cream. CC cream manufacturers also focus on research and development to offer high-quality products.
CC cream offers multipurpose benefits and acts as a concealer, moisturizer, and foundation, along with providing sun protection. Public awareness regarding skin care and the rise in importance of cosmetics leads to an increase in the sales of CC creams. Social lifestyle among people also propels the CC cream market growth. Chemical-free products use more natural ingredients along with various shade profiles also propel the market growth. In addition, in developing economies, consumers are becoming aware of skincare and chemicals, which also contribute to the growth of the market.
There are many CC creams available with different shades that suit every skin type. Increase in population of millennials and generation Z who actually try to contribute to nature and use environment-friendly products has led to a greater demand for organic and natural products. Manufacturers are aiming to make their products environmentally sustainable and organic, which contributes toward further proliferation of the CC cream market.
The global CC cream market is valued $433.8 million in 2021.
CC cream market is expected to register CAGR of 7.1% during the forecast period.
The forecast period for CC cream market is 2022-2031.
The key companies profiled in the CC cream market include L’Oréal S.A., Unilever, Estee Lauder, Marico, Procter & Gamble Co, Loccitane En Provence, Oriflame Sweden, Chanel, Kose Corporation, and Natura & Co.
The CC cream market is segmented by product type, application, sales channel, and region.
The emerging countries such as India, China, Brazil, South Korea are expected to register growth rate of 8.9%, 8.1%, 6.0%, and 7.4% respectively.
Asia-Pacific has been dominating the global CC cream market and is expected to sustain its dominance during the forecast period. This is mainly attributed to the fact that people are more inclined toward cosmetics products in this region.
During the recent outbreak of COVID-19, owing to mandatory closures and restrictions by relevant regulatory agencies, operations in many industries were suspended or operated with a minimum of employees. The demand for CC cream has decreased during the spread of COVID-19 as people were staying at home. It has a significant negative impact on the industry's revenue growth.
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