Body Lotion Market Insights:
Millennials will be dominating the market in the coming few years. The rapid growth in their population is expected to drive the body lotion and the cosmetics market. Cosmetics Europe states that the cosmetics and personal care business contributes to a large sum of their country's economy of about USD 33.14 billion. The number of people using cosmetics is growing increasingly, surpassing 500 million in Europe. Millennials constitute around 32% of the whole population resulting in them being the largest potential consumers of cosmetics as in 2019 their population was constituting 32% against the 17% of the people 55 years and older. The segmentation is done into three parts (a) by type: dry skin body lotion, oily skin body lotion, normal skin body lotion, and (b) by Application: Men, Women, Baby and (c) by Channel: Direct Sales, Distributor. The Younger generation spends more on cosmetics than the older generation. Their shopping habits will be an essential driving factor for the Body lotion market. Taking care of their health and skin care matters a lot to them, so the demand for multi-beneficial products like Body lotion with UV protection sunscreen, aloe vera nourished, or a highlighter in it is proliferating. The market for body lotion is expected to grow from USD 55.3 billion in 2021 to USD 63.9 billion with a 15.5% CAGR. Click Here to Download Free Sample Report (Get Detailed Analysis in PDF – 150 Pages)
Body Lotion Market Geographic Analysis:
The largest and second-largest regions in the body lotion market in 2021 were the Asia Pacific and North America, respectively. The regions that are covered in the body lotions market report are Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia,and the rest of Asia-Pacific), Western Europe and Eastern Europe (Germany, France, Italy Spain, UK, Russia, Rest of Europe), North America (U.S., Mexico, Canada), South America, Middle East, and Africa. The EU Cosmetics Regulations list has banned certain substances from being used. Similarly, the US FDA (Food and drug association) has restricted certain chemicals like bithionol, chloroform, methylene chloride, mercury compounds, vinyl chloride, and chlorofluorocarbon propellants. These regulations were imposed as they might cause several skin infections and diseases. The estimated body lotion market in the U.S. in 2020 was $15.4 billion. China was leading the world's second-largest economy; it is forecast to reach an estimated market size of USD 24.1 billion by 2027, with a CAGR of 13.5% over the period of 2020-2027. Japan will grow at 6.8%, and Canada will grow at an 8.7% rate over the seven years of 2020-2027. Germany is also estimated to grow at around 7.9% CAGR.
The research gives niche insights for every potential segment, assisting in the strategic decision-making procedure and market size assessment of the Body Lotion Market on a regional and worldwide level. The identification of significant firms participating in the market with relevant advancements is based on unique research aimed at market size assessment and prediction. The scope of the study is broad enough to cover all potential segments, assisting all stakeholders in the Body Lotion Market.
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The Body Lotion market research study also includes detailed profiles of the market’s leading competitors as well as an in-depth look at the global competitive landscape. The major players in the market are Unilever PLC, Johnson and Johnson, Shiseido Company, Beiersdorf AG, Avon Products Inc, Clarins
This section provides a comprehensive picture of the competitive landscape, including future capabilities, partnerships, financial summaries, important mergers and acquisitions, alliances, development of new products, new product launches, and other advancements.
Body Lotion Market segment by Type, covers
Dry Skin Body Lotion
Oily Skin Body Lotion
Normal Skin Body Lotion
Body Lotion Market segment by Application, can be divided into
Men Using
Women Using
Baby Using
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This Body Lotion market report contains the following information:
1) An overview of the Body Lotion Market and related technologies on a global scale.
2) Analysis of international market trends, annual forecasts, and annual compound growth rate projections (CAGRs).
3) For the global Body Lotion Market, identification of new market possibilities and focused consumer marketing tactics.
4) Research and development (R&D) and demand for innovative technologies and applications
5) Comprehensive company profiles of significant industry players.
The analysts conducted a thorough analysis of the market and identified key segments such as product type, industry, and geography. The Body Lotion market share, growth potential, and CAGR of each segment and its sub-segments are also examined. Each market segment provides in-depth qualitative and quantitative market perspective information.
The following are the report’s goals:
1. To determine the size of the market on a regional and worldwide scale.
2. To identify the market’s primary segments and assess their market shares and demand.
3. To present a competitive environment for the Body Lotion Market based on significant trends seen by important players over the years.
4. To assess the importance of major market trends and their potential gravity over the projected period.
Browse Complete Body Lotion Market Report Details with Table of contents and list of tables at https://www.infinitybusinessinsights.com/reports/global-body-lotion-market-research-report-2027-covering-usa-europe-china-japan-india-south-east-asia-and-etc–693141
The following are some of the reasons why you should purchase this Body Lotion market report:
1. Provides unique insights for decision-making in all potential segments, assisting in strategic decision-making.
2. A novel research design for estimating and forecasting market size.
3. Identification of important players in the market, as well as associated developments
4. Extensive breadth to cover all conceivable segments in the Body Lotion Market, assisting every player.
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