Stratview Research has published a new report on the Wrinkle cream Market, segmented By Product (Oils, Serums, Lotions), By Application (Hyper & Supermarkets, Online, Specialty Stores, Convenience Stores), and Region.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global artificial intelligence as a service market.
The growing geriatric population throughout the world, together with technical improvements in the cosmetic industry, is predicted to be the primary driver of market expansion. Anti-wrinkle creams are gaining popularity because their formulations are well adapted to slowing the aging process. Major causes of wrinkles include a lack of necessary nutrients in the body, prolonged exposure to UV light and pollution, smoking, dehydration, medications, and other genetic factors.
Covid-19 has impacted the market dynamics, competition, and global supply chain of every possible market one can think of. The revenues for many, have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operations and strategy will sustain and beat the competition.
This report studies the Wrinkle cream Market and has segmented the market in a few ways, keeping in mind the concentration of all the stakeholders across the value chain. Following are the ways in which the market has been segmented in the report:
Based on application, the wrinkle cream market has been divided into Hyper & Supermarkets, Online, Specialty Stores, and Convenience Stores. Hypermarkets and supermarkets accounted for the largest market share in 2020. Because of the availability of many products at varying costs Furthermore, stores such as Marks & Spencer's provide regular discounts, which contributes to the segment's growth.
By region, the Asia-Pacific wrinkle cream market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. Face Shop, Innisfree, and Soko Glam are among the key companies in this region. Rising pollution levels and UV radiation exposure have resulted in a rise in demand for anti-wrinkle products in this region.
The European wrinkle cream market is expected to grow at the highest CAGR during the review on account of the growth of the major end-use industries. Because of the presence of big brands such as Bioderma, Clarins, Vichy, and Kiko Milano The growing popularity of serums and essential oil advantages in the region is driving up demand for quick-absorbing and natural products.
Following are the key players in the Wrinkle cream Market:
- Procter & Gamble Co.
- Johnson & Johnson
- Unilever PLC
- The Estee Lauder Companies, Inc.
- Shiseido Company Limited
- L’Oreal Paris
- ZO Skin Health, Inc
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