15-July-2019: 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.
In
depth research report on BB Cream Market
Further key findings from the report suggest:
·
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.
Grand View Research
has segmented the global BB cream market on the basis of packaging,
distribution channel, and region:
BB Cream Packaging Outlook (Revenue, USD Million, 2015 -
2025)
·
Tube / Bottle
·
Air Cushion
BB Cream Distribution Channel Outlook (Revenue, USD Million,
2015 - 2025)
·
Offline
·
Online
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About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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