Global Body Lotions Market to Reach $190.9 Billion by 2030
The global market for Body Lotions estimated at US$97.8 Billion in the year 2023, is expected to reach US$190.9 Billion by 2030, growing at a CAGR of 10% over the analysis period 2023-2030. Body Lotions for Dry Skin, one of the segments analyzed in the report, is expected to record a 11.6% CAGR and reach US$76.2 Billion by the end of the analysis period. Growth in the Body Lotions for Oily Skin segment is estimated at 8.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $25.4 Billion, While China is Forecast to Grow at 13.6% CAGR
The Body Lotions market in the U.S. is estimated at US$25.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$45.3 Billion by the year 2030 trailing a CAGR of 13.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.4% and 8.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$29.4 Billion by the year 2030.
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