PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1394095
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1394095
The global night creams market has demonstrated robust growth, achieving a substantial revenue of US$ 880 million in 2024, as per the recent study conducted by Fairfield Market Research. The market is set to reach an impressive valuation of US$ 1600 million by the year 2031.
Consumer awareness of the detrimental effects of synthetic components such as petroleum-based compounds, aluminum salts, and phthalates has led to a decline in their use in night creams. In response, consumers are gravitating towards products containing natural ingredients like green tea extract and aloe vera, which are known for their ability to repair damaged skin and combat the signs of aging.
The category of moisturizing and nourishing night creams has emerged as the dominant segment in the global night cream market, both in terms of value and consumer preference. These creams excel in moisturizing dry skin areas, enhancing blood circulation, and improving skin texture. Regular product innovations by manufacturers have further fueled the sales of nourishing and moisturizing night creams.
For instance, in 2019, the Japanese cosmetic brand Tatcha, LLC, introduced its luminous night cream enriched with hyaluronic acid, Okinawan algae, and purple rice. Similarly, La Roche-Posay launched an ultra-night face moisturizer with hydrating and calming benefits in the same year.
As individuals age, their skin's ability to produce collagen and regenerate diminishes, leading to wrinkles, open pores, uneven skin tone, sagging, and dullness. To address these concerns, leading manufacturers are incorporating ingredients like Aveeno, retinol, and naturally derived botanicals into various night cream products to provide effective anti-aging solutions. This emphasis on anti-aging treatments is driving growth and innovation in the market.
The skin is constantly exposed to pollutants, dust, and grime, which can lead to a harmful buildup and skin issues. People are increasingly investing in effective skincare products like night creams to prevent skin problems, rashes, infections, and irritations resulting from prolonged exposure to environmental factors.
The United States stands as one of the world's major cosmetics markets, poised for steady expansion in the years to come, especially in the premium segment. The American cosmetics market is witnessing increased demand for high-quality products, with consumers seeking ingredients that benefit the skin. The cosmetics industry in the US presents significant growth potential, offering opportunities for night creams and skincare products.
Europe, the second-largest market for cosmetics globally, is witnessing the launch of new products and innovations. The region's lucrative markets for cleansers and toners are driving the demand for night creams. Germany, in particular, boasts the largest market for night creams due to the growing preference for cosmetics made with organic and natural ingredients.
Key manufacturers in the night creams market, such as L'Oreal, Shiseido Co. Ltd., and Estee Lauder, are prioritizing innovation and new formulation advancements to gain a competitive edge. They are focusing on areas such as anti-aging and anti-wrinkle solutions and deep moisturizing treatments to meet the diverse needs of consumers.