Global Moisturizing Cream Market Size, Share, Growth Analysis, By Type(Face Moisturizer, and Body Moisturizer), By Form(Cream, Lotion), By End-user(Men, Women) - Industry Forecast 2024-2031

Global moisturizing cream market size was valued at USD 10.12 billion in 2022 and is poised to grow from USD 10.57 billion in 2023 to USD 15.01 billion by 2031, growing at a CAGR of 4.48% in the forecast period (2024-2031).

The global market for moisturizing cream in the skincare product sector is witnessing a remarkable surge, primarily driven by the increasing concerns related to skin health among consumers and the continuous expansion of the beauty and personal care industry. This growth is fueled by numerous brands in the skincare sector dedicating significant resources to research and development, aiming to introduce innovative moisturizers designed to address a wide range of skin concerns. As a result, there is a growing consumer interest in investing in skincare products that effectively nourish and maintain skin health. Furthermore, the dynamic nature of the beauty industry, characterized by ever-evolving trends and preferences, is contributing to a heightened demand for innovative skincare solutions. The constant introduction of new products and formulations tailored to meet changing consumer needs is driving further growth in the moisturizing cream market. As consumers increasingly prioritize skincare as an essential aspect of their overall health and well-being, the market for moisturizing cream is expected to experience accelerated growth rates in the coming years. Overall, the convergence of rising consumer awareness about skin health, coupled with the continuous innovation and evolution within the beauty and personal care industry, is driving robust growth in the moisturizing cream market, positioning it for significant expansion in the forecast period.

Top-down and bottom-up approaches were used to estimate and validate the size of the moisturizing cream market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Moisturizing Cream Market Segmental Analysis

The global moisturizing cream market is segmented based on type, form, end-user, and region. By type, the market is segmented into face moisturizer, and body moisturizer. By form, the market is segmented into cream, lotion, and gel. By end-user, the market is segmented into men, women, infant & kids. By region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.

Drivers of the Global Moisturizing Cream Market

The surge in demand for skincare products, especially moisturizing items, is driven by a growing emphasis on personal appearance and skin health, alongside rising disposable incomes. Factors such as busy lifestyles and exposure to environmental pollutants have notably affected skin health, leading to an increased need for effective skincare solutions. Additionally, improving economic conditions in developing countries, along with a growing aging population, contribute significantly to the increasing demand for a wide range of moisturizing skincare products. These factors collectively support the strong growth prospects of the global skincare market, highlighting the vital role these products play in addressing diverse skin concerns across different demographic groups.

Restraints in the Global Moisturizing Cream Market

The global moisturizer market share is expected to be significantly impacted by stringent regulations imposed by various global authorities on permitted ingredients. Cosmetics formulations typically consist of a combination of natural and synthetic components, including substances like sulfates and phthalates. However, increased awareness regarding the potential health risks and toxicity associated with certain elements is anticipated to restrain the demand for products containing them. This regulatory environment is likely to influence consumer preferences and purchasing decisions, driving a shift towards safer and more transparent skincare formulations.

Market Trends of the Global Moisturizing Cream Market

There is a noticeable shift in consumer behavior towards skincare products, marked by a heightened awareness of ingredient sourcing and environmental impact. This trend has led to increased demand among beauty product manufacturers for clean labels and vegan raw materials in creating skincare items, including moisturizers. Consumers, particularly those with busy lifestyles, are embracing a 'back to basics' minimalist approach to their skincare routines. This approach aims to simplify regimens by reducing the number of products used, thereby saving time previously spent on extensive routines. Consequently, there is a notable increase in demand for multi-use skincare products that offer comprehensive benefits, catering to the needs of maintaining healthy skin within a single product. This shift reflects an evolving consumer preference for simplicity and efficiency in skincare routines.