Global CC Cream Market- Description
CC cream refers to color correcting or complexion correcting product that works as a foundation, moisturizer, and sunscreen. It is known to neutralize the presence of skin imperfections such as dark spots, blemishes, and redness by using colors. They have a thicker and heavier texture and offer higher coverage. These creams also protect the skin from harmful UV radiations and provides a smooth finish. Components such as Vitamin C, antioxidants, and peptides are the major ingredients present in CC creams.
Global CC Cream Market- Overview
The global cc cream was worth USD 433.8 million in 2021. Due to various growth propellers, the industry is expected to witness a CAGR of 7.1% over 2022-2030 and amass a valuation of USD 889.8 million by 2030.
The increasing appearance consciousness of the masses, especially women and surge in the female employment rate are creating lucrative opportunities for the industry vertical to prosper.
Also, a wide of benefits offered by cc creams, growing disposable income of consumers, and rising R&D investments in the field are adding traction to the development of this business sphere.
Moreover, growing product popularity across the beauty, entertainment, and fashion industry along with the rising number of innovative advertisements on mass media channels for the promotion of these creams are propelling the overall market progression.
Besides, rising focus of players to develop and launch advanced products in the field is positively influencing the dynamics of this industry.
On the contrary, increasing concerns regarding the side effects of excessive CC cream application is hindering the remuneration scope of this market.
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Global CC Cream Market-Key trends
Growing appearance consciousness among individuals is aiding industry expansion
Improving living standards, rapid evolution in the fashion, entertainment, and beauty industry, and widespread urbanization are enhancing the appearance cognizance of the masses. People, especially women take plenty of efforts to enhance their facial appearance and conceal imperfections. This has escalated the demand for cc creams across the globe.
Rising female employment rates to augment industry outlook
The widespread socio-economic developments have enhanced the social status of women. There has been a rising trend of female employment and education. Employed women have the eligibility to sustain their life according to their own terms. They can invest in personal care items to enhance their health and appearance.
Global CC Cream Market- Segmental assessment
By Type
• Below 15 SPF
• Between 15-30 SPF
• Above 30 SPF
The 15-30 SPF segment is poised to amass notable gains over the stipulated timeframe due to their cost effectiveness and beneficial properties.
By Application
• Oily Skin
• Normal Skin
• Dry Skin
By Sales Channel
• Hypermarkets & Supermarkets
• Specialty Stores
• Online Retails
• Others
The online retailers segment is slated to generate significant returns over the forecast period owing to the widespread internet penetration worldwide.
Global CC Cream Market- Geographical landscape
Considering the geographical frame of reference, the major regions influencing the expansion trends of this industry vertical are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, Asia Pacific is projected to amplify substantially by 2030 ascribing to the rising beauty consciousness among women, presence of potential players, and increasing female employment rate in the region.
Global CC Cream Market- Competitive hierarchy
The prominent players characterizing the competitive terrain of this market vertical are Estée Lauder Inc., Lakmé Cosmetics, Chanel, Inc., Christian Dior Couture, Hindustan Unilever Limited, Pacifica Beauty, Procter & Gamble, ERBORIAN, Thrive Causemetics, Inc., Juice Beauty, and Lancôme.
Report scope
Global CC Cream Market: Historical Years- 2018-2021
Global CC Cream Market : Forecast Years- 2022-2030
Global CC Cream Market 2021- USD 433.8 million
Global CC Cream Market CAGR- 7.1%
Global CC Cream Market 2030- USD 889.8 million
Key segments reported-
• By Type (Below 15 SPF, Between 15-30 SPF, and Above 30 SPF)
• By Application (Oily Skin, Normal Skin, and Dry Skin)
• By Sales Channel (Hypermarkets & Supermarkets, Specialty Stores, Online Retails, and Others)
Major regions and countries covered-
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Argentina, and Colombia)
• Europe (Germany, U.K., France, Italy, Spain, and Russia)
• Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
• Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)
Top players profiled- Estée Lauder Inc., Lakmé Cosmetics, Chanel, Inc., Christian Dior Couture, Hindustan Unilever Limited, Pacifica Beauty, Procter & Gamble, ERBORIAN, Thrive Causemetics, Inc., Juice Beauty, and Lancôme.
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Analysis of the impact of COVID-19 and the Russia-Ukraine War:
The readers of this section will be better informed on the effects of the pandemic, the post-pandemic, and the Russia-Ukraine War on the global market for refrigerated freight services. The factors that have changed since the poll was done include demand, consumption, transportation, consumer behavior, and supply chain management. Industry experts have also emphasized the crucial factors that will help players identify opportunities and maintain the sector as a whole in the approaching years.
Key Questions Answered in the Report:
- What will be the development pace of market? What is the growth rate of the global market?
- Who are the key manufacturers in the market space? Who are the world’s leading manufacturers?
- What are sales, revenue, and price analysis of the top manufacturers of market?
- Who are the distributors, traders, and dealers of market? What are the key factors driving the Global market?
- What are the market opportunities and threats faced by the vendors in the industries?
- What are deals, incomes, and value examinations by types and applications of the market?
- What are the primary factors driving market?
- What are the market’s advantages, disadvantages, and risks, as well as an overview of the market?
- Who are the Top Manufacturers in the Market in Terms of Sales, Revenue, and Price Analysis?
- Analysis of Industry Revenue, Sales, and Pricing, what is the difference between Equipment by region, type, and application?
