PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1529996
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1529996
The slimming cream market is estimated to be valued at USD 7.23 Bn in 2024 and is expected to reach USD 10.52 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 7.23 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 5.50% | 2031 Value Projection: | US$ 10.52 Bn |
The global slimming cream market has witnessed steady growth in the past decade due to increasing consciousness among people about their health and physical appearance. Changing lifestyle patterns, rising obesity rates coupled with growing disposable income have boosted the demand for products that help in weight management and maintaining the desired body shape. Slimming creams claim to help reduce fat locally by stimulating blood circulation and temporarily tightening the skin. They contain ingredients like caffeine, menthol, retinol, aloe vera, and other natural extracts that work as thermogenic agents to accelerate metabolism and break down fat cells when massaged on problem areas. Rising health awareness and desire to stay fit have propelled the popularity of herbal or natural slimming creams over synthetic ones in recent years.
The global slimming cream market is primarily driven by the rising obese population, increasing preference for external slimming products over oral or surgical methods, and growing focus on personal grooming and fitness among consumers. According to WHO, more than 1.9 billion adults aged 18 years and older were overweight in 2016, out of which over 650 million were obese. Rapid urbanization, sedentary jobs and consumption of calorie-dense foods have significantly contributed to weight gain across both developed and developing nations. However, the market growth can be restricted by side effects associated with the use of certain chemicals in slimming creams, lack of long term effectiveness, and a general perception of being temporary fast solutions. Nonetheless, the extensive marketing of new herbal formulations as safe slimming alternatives is opening up opportunities for industry players.
Detailed Segmentation-