Body Lotions Global Market Report 2024

“Body Lotions Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on body lotions market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for body lotions? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The body lotions market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Dry Skin Body Lotion; Oily Skin Body Lotion; Normal Skin Body Lotion; Other Types
• 2) By Application: Men; Women; Baby
• 3) By Channel: Direct Sales; Distributor
• Companies Mentioned: Aveeno; Cetaphil; Olay; Alba Botanica; Avalon Organics
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Body lotions represent smooth liquid formulations specifically created for skin application, offering medicinal, cosmetic, or protective benefits. For instance, sunscreens function to safeguard against the sun's ultraviolet (UV) radiation, aiding in the prevention of sunburn.

The primary body lotion types include formulations suitable for dry skin, oily skin, normal skin, and others. These lotions are designed for use by men, women, and babies, distributed through various channels such as direct sales and distributors.

The body lotions market research report is one of a series of new reports from The Business Research Company that provides body lotions market statistics, including body lotions industry global market size, regional shares, competitors with a body lotions market share, detailed body lotions market segments, market trends and opportunities, and any further data you may need to thrive in the body lotions industry. This body lotion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The body lotions market size has grown rapidly in recent years. It will grow from $70.97 billion in 2023 to $79.44 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. Historical growth in the body lotion market can be linked to various factors such as heightened awareness regarding skincare, growing disposable incomes, impactful marketing strategies, the aging population, and expansion within the beauty and cosmetic industry.

The body lotions market size is expected to see rapid growth in the next few years. It will grow to $122.8 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%. Anticipated growth in the body lotion market in the upcoming forecast period is associated with evolving lifestyles, the increasing popularity of health and wellness practices, personalization trends, the expansion of e-commerce, and the growing interest in men's skincare. Noteworthy trends in this upcoming period involve the rise of clean beauty products, advanced formulations, a focus on inclusivity and diversity, CBD-infused items, and the development of multifunctional body lotions.

The body lotions market is poised for significant growth, primarily fueled by the expanding population of millennials. Cosmetics Europe reports that the cosmetics and personal care sector significantly contributes around €29 billion (USD 33.14 billion) annually to the European economy, with the number of cosmetic product users exceeding 500 million in Europe, showing rapid expansion. By 2025, millennials are projected to make up nearly 75% of the global workforce. With their substantial presence in the workforce and influential roles in the economy, the preferences and purchasing behaviors of millennials will significantly impact and drive the body lotion market.

The body lotion market is anticipated to experience growth driven by an increasing focus on personal grooming practices. Personal grooming encompasses various routines such as maintaining cleanliness, hygienic practices, tending to hair and nails, managing body odor, and dressing appropriately. Body lotions play a key role in personal grooming, aiding in skin hydration, health, and enhancing appearance. Recent surveys conducted by the New York Post, which polled 1,000 men and women in the US, revealed differing perspectives on hygiene habits among genders. Results indicated that the majority prioritize washing hands and bodies over other routines, with men focusing more on nail trimming and shaving, while women prioritize skincare and bathing personal areas. Additionally, the Canadian cosmetics industry is estimated to have generated around USD 1.24 billion in 2021, as reported by the International Trade Administration in May 2022. This burgeoning emphasis on personal grooming practices is a driving force behind the expansion of the body lotion market.

Stringent regulations imposed by government bodies concerning specific ingredients utilized in cosmetics production are anticipated to serve as a major market constraint. These restrictions are primarily due to the potential toxicity of these ingredients, which could result in various skin conditions. The EU Cosmetics Regulations stipulate substances that are completely banned, as well as those that are allowed for use under specific conditions. Similarly, the US Food and Drug Administration (FDA) has a catalog of ingredients that are either forbidden or subject to restrictions in cosmetics production. This catalog includes substances such as bithionol, chloroform, mercury compounds, methylene chloride, vinyl chloride, and chlorofluorocarbon propellants.

The market has experienced a significant surge in the demand for multi-benefit combinations. Products like foundations infused with anti-aging serums, sunscreen lotions, nail polish offering UV protection, and items with anti-aging claims have made their way into the market. There's an expectation for the continued expansion of multi-benefit solutions across various categories, from hair care products that include anti-aging elements to fragranced lipsticks that offer lip care benefits.

Key companies in the body lotion market are innovating by introducing products like the SPF 30 replenishing body lotion to cater to the rising demand for body lotions. SPF 30 is a light, non-greasy lotion offering skin nourishment and protection against damaging UV rays from the sun. The product, water-resistant for up to 80 minutes, delivers effective and safe broad-spectrum sun protection. For example, in May 2023, Versed, a US-based personal care producer, introduced the total package replenishing body lotion. This new offering nourishes the skin, providing protection from harmful UV rays and various features like lightweight, non-greasy, hydration, and moisturization, ensuring safety and effectiveness across all skin types.

Major companies operating in the body lotions market include Aveeno, Cetaphil, Olay, Alba Botanica, Avalon Organics, Crabtreeand Evelyn, Hempz, Murad LLC, L'Oreal SA, Unilever PLC, Beiersdorf AG, Colgate-Palmolive Company, Estee Lauder Companies Inc., Johnson and Johnson, Avon Products Inc., Shiseido Company Limited, Procter & Gamble Company, Revlon Inc., CeraVe, Avene, Eucerin, Vanicream, EltaMD, La Roche-Posay, Jergens Inc., Kao Corporation, Coty Inc., Henkel AG & Co. KGaA, Natura & Co., Amway Corporation, Oriflame Cosmetics Global SA, Mary Kay Inc., Yves Rocher, The Body Shop International Limited, Bath & Body Works LLC, Neutrogena Corporation, Nivea, Vaseline

Asia-Pacific was the largest region in the body lotion market in 2023. North America was the second-largest region in the body lotions market. The regions covered in the body lotions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the body lotions market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The body lotions market consists of the sales of water-based, and occlusive body lotions. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.