NEWARK, Del, Dec. 04, 2023 (GLOBE NEWSWIRE) -- The global daily cleansing cream market value is expected to rise from US$ 3,132.3 million in 2024 to US$ 5,654.6 million by 2034. This growth is expected to be driven by a remarkable CAGR of 6.10% in the daily cleansing cream market through 2034.
Increasing use of personal skin care products like cleansing creams is expected to propel market expansion. Furthermore, changing lifestyles of people, increasing working women’s ratio, and emergence of local players are key driving factors.
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Soaring demand for natural and healthy ingredients in daily cleansing creams is resulting in the proliferation of paraben-free facial cleansers. Key players are also acting upon the rising concerns about animal welfare, by developing their products in a cruelty-free manner.
Surging investments in the research and development of new cleansing creams are favoring market growth. With new launches in line, key players are giving competitors tight competition. Key players are also investing in celebrities to endorse their products and gain a larger customer base.
“Key providers of daily cleansing creams are turning to highly-populated countries to raise their sales. For success in these geographies, they are expected to target rapidly growing categories. Additionally, they are projected to take into account the massive role of packaging in marketing their product,” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).
Key Takeaways from the Daily Cleansing Cream Market Report:
- No foam type is the leading product segment. It held a 38.8% market share in 2023. Sales of no foam daily cleansing creams are rising as consumers are shifting to chemically-diluted products.
- O/W Technology segment led the daily cleansing cream market with a market value of 44.1% in 2023. Growing demand for milky cleansing creams to hydrate skin and give it a clean, fresh finish, is lifting the segment’s growth.
- Female population acquired a share of 61.1% in 2023. The segment is expected to expand at a CAGR of 6.7% during the forecast period.
- Retail pharmacies are expected to observe a CAGR of 5.3% through 2034.
- North America is considered the leading region, with the United States contributing 85.1% to the regional market in 2023.
Daily Cleansing Cream Market Size:
| Attributes | Details | |
| Daily Cleansing Cream Market Size, 2023 | US$ 2,977.9 million | |
| Expected Base Year Value (2024) | US$ 3,132.3 million | |
| Anticipated Value (2034) | US$ 5,654.6 million | |
| Value CAGR (2024 to 2034) | 6.10 | % |
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Top Strategies of Leading Players in the Daily Cleansing Cream Market:
Key players are developing innovative cleansing creams fortified with retinol, cannabis, or healthy bacteria, to leverage the ongoing trends. Key players are thus actively seeking to launch new products in the market either via acquiring a related firm or collaborating with competitors. Additionally, players are running social media campaigns, and partnering with social media influencers, to raise sales.
- In August 2022, The Body Shop launched Edelweiss, which contains 43% more antioxidant power in comparison to retinol transversal skincare. The new range is packaged in recyclable and more sustainable packaging.
- In August 2022, Albolene launched an offering of hydration-packed facial cleansers. These cleansers are designed to make skin nourished and soft.
- In September 2020, CeraVe launched a new Hydrating Cream-to-Foam Cleanser, for normal to dry skin range. The product is intended to provide the advantages of a double cleanse in a single step.
- In January 2020, Procter & Gamble announced the acquisition of Billie Inc., which primarily sells beauty and personal care products for men and women.
Key Players in the Daily Cleansing Cream Market:
- Emami Group
- Shiseido Co., Ltd.
- Procter and Gamble (PandG)
- Unilever
- AVON PRODUCTS
- LVMH
- Revlon
- Caudalie
- AVEDA CORP
- AVEDA CORP
- Dabur
- Marico Limited
- Loreal SA
- Unilever
- Henkel AG and CO. KGAA
- BioVeda Action Research Company
- Cavin Care Group
- Procter and Gamble
- The Himalaya, Coty Inc.
- Biotique Hair Oil
- A.G Industries
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Key Market Segments Covered in Daily Cleansing Cream Industry Research:
By Product:
- Foam Type
- No Foam Type
- Solvent Based
- Collagen Type
By Technology:
- W/O
- O/W
- Others
By Gender:
- Male
- Female
By Distribution channel:
- Retail Pharmacies
- Supermarket/Hypermarket
- Online Sales
- Drug Stores
- Hospital Pharmacies
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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