Rise in the number of female consumers that are focusing on skincare and beauty drives the growth of the global cc cream market. Based on application, the dry skin segment would manifest the fastest CAGR of 7.5% throughout the forecast period. Based on region, the market across Asia-Pacific generated nearly two-fifths of the global market revenue in 2021.
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According to the report published by Allied Market Research, the global cc cream market generated $433.8 million in 2020 and is projected to reach $889.8 million by 2030, witnessing a CAGR of 7.1% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chains, key investment pockets, regional scenarios, and competitive landscapes.
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Roshan Deshmukh, a Manager, Consumer Goods at Allied Market Research, stated, “An increase in the use of CC cream products for evening skin tone and protection from the sun is expected to drive the growth of the global CC cream market. Furthermore, the rise in demand for high quality and natural CC cream products by skin-conscious consumers will further fuel the growth of the market.”
COVID-19 scenario:
- Reduced consumer expenditure on cosmetic products impacted the global CC cream market negatively, especially during the initial period of the pandemic.
- Moreover, the growing preference for hygienic products also had an adverse impact on the market. However, the market has already started recovering at a swift pace.
The report offers detailed segmentation of the global cc cream market based on type, application, sales channel, and region.
Based on application, the normal skin segment held around half of the global market in 2021 and is expected to dominate by 2031. The dry skin segment, however, would manifest the fastest CAGR of 7.5% throughout the forecast period.
Based on sales channels, the hypermarkets and supermarkets segment held nearly two-fifths of the global market in 2021 and is expected to dominate by 2031. The online retail segment, however, would manifest the fastest CAGR of 8.0% throughout the forecast period.
Based on region, the market across Asia-Pacific generated nearly two-fifths of the global market revenue in 2021 and is anticipated to retain the lion’s share by 2031. The same region would also display the fastest CAGR of 7.9% during the forecast period. The other regions studied in the report include North America, LAMEA, and Europe.
Leading players of the global cc cream market analyzed in the research include Procter & Gamble Co., Unilever, Marico, LoccitaneEn Provence, Oriflame Sweden, L’Oréal S.A., Chanel, Natura & Co., Kose Corporation, and Estee Lauder.
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