Global Face Cream Market to Reach $73.9 Billion by 2030
The global market for Face Cream estimated at US$54.4 Billion in the year 2023, is expected to reach US$73.9 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2023-2030. Anti-Aging Cream, one of the segments analyzed in the report, is expected to record a 4.5% CAGR and reach US$30.1 Billion by the end of the analysis period. Growth in the Skin Whitening & Sun Protection Cream segment is estimated at 5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $14.4 Billion, While China is Forecast to Grow at 7% CAGR
The Face Cream market in the U.S. is estimated at US$14.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$16.2 Billion by the year 2030 trailing a CAGR of 7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 3.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$10.1 Billion by the year 2030.
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