The global CC cream market revenue was around US$ 464.5 million in 2022 and is estimated to reach US$ 861.1 million by 2031, growing at a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2023 to 2031.
CC cream is a multi-purpose cosmetic that acts as a foundation, sunscreen, and moisturizer. CC cream is a color-correcting skin product that targets skin discolored parts and ultimately smooths out red regions or dark spots. Anti-aging chemicals such as peptides, vitamin C, and antioxidants are frequently integrated into the blend to protect the skin from sun harm.
Market Driving Factors
Consumers are looking for products that can protect all skin imperfections owing to the increase in the number of skin disorders caused by changing weather conditions, hectic lifestyles, and unhealthy eating habits. Thus, the younger population is primarily focused on looks, particularly ladies who always try for perfection, which significantly contributes to driving the market expansion.
Consumers utilize different products as part of their skincare routine and try high-quality products in the hopes that they can enhance their appearance. In addition, consumers are more likely to select simple-to-apply and useful products such as CC cream which is the most suitable option due to it being a multi-tasking easy-to-apply cream, which is expected to drive market growth.
Regional Analysis
Asia-Pacific dominates the market in terms of revenue. This is primarily because individuals are more inclined toward cosmetics products. Additionally, beauty consumerism is increasing owing to surging exposure to the beauty world. Moreover, the usage of beauty products surged in the region due to an increasing middle class and constantly rising disposable income among customers. Therefore, this factor is estimated to drive the market.
Segmentation Insights
Type Insight
The above 30 SPF segment dominates the market in terms of growth rate. Skin-conscious individuals and women are substantial users of CC cream. These consumers are more emphasis on product quality and a high sun safeness factor. Additionally, CC cream is considered a multi-tasking skincare product with a foundation-like glow to medium coverage. Such elements are predicted to fuel the segment growth.
Application Insight
The normal skin segment is estimated to dominate the market in terms of revenue. CC cream is primarily made for all skin types. It is best suited for consumers who do not have any unique needs for their skin as individuals with normal skin can utilize it to get an excellent evenly toned appearance.
Sales Channel Insight
The online retail segment is expected to dominate the market in terms of the largest shares. This is mainly owing to the CC cream is available on every e-commerce platform and on a firm website. The CC cream sales via online channels surged significantly, mainly after the beginning of the pandemic, owing to the consumer's inability to go to physical stores to buy the creams as well as the various offers and discounts provided by online channels during purchase.
Prominent Companies
Segmentation Outline
The global CC cream market segmentation focuses on Type, Application, Sales Channel, and Region.
By Type
By Application
By Sales Channel
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL CC CREAM MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: CC CREAM MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL CC CREAM MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL CC CREAM MARKET, BY TYPE
5.1 OVERVIEW
5.2 BELOW 15 SPF
5.3 BETWEEN 15 TO 30 SPF
5.4 ABOVE 30 SPF
6 GLOBAL CC CREAM MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 OILY SKIN
6.3 NORMAL SKIN
6.4 DRY SKIN
7 GLOBAL CC CREAM MARKET, BY SALES CHANNEL
7.1 OVERVIEW
7.2 HYPERMARKETS AND SUPERMARKETS
7.3 SPECIALTY STORES
7.4 ONLINE RETAILS
7.5 OTHERS
8 GLOBAL CC CREAM MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL CC CREAM MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 CHANEL
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 ESTÉE LAUDER INC.
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 L’OCCITANE EN PROVENCE
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 MARICO
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 L’ORÉAL S.A.
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 UNILEVER PLC
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 NATURA & CO
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 ORIFLAME SWEDEN
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 PROCTER & GAMBLE CO.
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 KOSE CORPORATION
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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