Night Cream Market

Global Night Cream Market Size (2024 to 2032)

The global Night Cream Market size was valued at USD 8.62 billion in 2023, and the global market size is expected to reach USD 15.06 billion by 2032 from USD 9.17 billion in 2024, growing at a compound annual growth rate (CAGR) of 6.4% during the forecast timeline.

MARKET OVERVIEW

Night creams are a type of cosmetic product that includes a high concentration of moisturizing ingredients. These are mainly used as moisturizers, skin-whitening agents, and anti-aging creams. A night cream is a cosmetic product that is widely used for skin care by people at night around the world. There are several types of night creams available in the market depending on the skin type and demographics of the individual.

Night creams are gaining a lot of ground, especially among the millennial population due to many benefits like moisturizing and skin whitening among others. Moreover, these creams are made up of essential oils, fatty acids, and other necessary nutrients which also keep the skin nourished and supple. This, in turn, also drives market growth in developed and developing economies around the world. In addition, several other benefits that these creams offer, such as removing spots, scars, and wrinkles, have led to increased adoption of these creams by adult women.

MARKET DRIVERS

With the increasing penetration and digitalization of the internet, consumers all over the world are interested in purchasing cosmetics online. Additionally, the online shopping mode has provided an easy way to purchase beauty products that offer secure payment options as well as saving time, effort, and money. In addition, with the growth of the e-commerce industry, the young generation living in the era of e-commerce is strongly influenced by the mode of digital shopping and therefore has a significant impact on the sales of these products online, which further stimulates the market demand during the forecast period and in the years to come.

Many retailers, in addition to offline sales, are also turning to creating online sales channels, providing a convenient alternative for people with busy lifestyles. Furthermore, with the increasing adoption of smartphones, tablets, and other mobile modes of electronic shopping devices, the night cream market is expected to thrive at a significant growth rate with the growth in cosmetics sales via electronic commerce during the forecast years.

MARKET RESTRAINTS

The increasing demand for skin repair solutions among people all over the world is a key factor that is estimated to drive the growth of the global night cream market during the outlook period. Moreover, the growing preference for overnight moisturizers among the adult population around the world due to the increased awareness of the benefits of moisturizers is another factor that is estimated to support the growth of the target market during the conjecture period.

The increasing penetration of night routine/skincare products, such as night creams, due to the various benefits of night creams, such as anti-aging properties and skin protection, is expected to boost the global market growth over the next 10 years.

Furthermore, the anti-aging cream market will witness tremendous growth during the envisioned period owing to the wide adoption among older women as well as the increase in purchasing power in developing economies of the world.

REPORT COVERAGE

This research report on the global night cream market has been segmented and sub-segmented based on product type, distribution channel, and region.

Global Night Cream Market By product Type

The moisturizer segment is estimated to dominate the global night cream market, due to the growing demand for dry skin damage repair solutions among people around the world.

Global Night Cream Market By Distribution Channel

The specialty store segment is foreseen to dominate the global market, due to the high availability of specialty stores around the world and the high availability of products in specialty stores. The increasing digitization around the world is estimated to propel the demand for online sales in the coming years.

Global Night Cream Market By Region

• North America
• Europe 
• Asia Pacific 
• Latin America
• The Middle East and Africa 

The Asia-Pacific market is estimated to dominate the world market in terms of revenue, due to the high production of anti-aging night creams in the cosmetic industries and the adoption of organic night creams in individuals due to the increase in income in emerging countries like China, Japan, and India.

The market in North America is expected to register significant growth in the global market, followed by the market in Europe, due to the increase in end-user preferences for night cream, the changing lifestyle of the 'user, and growing knowledge of skincare products in countries such as Germany, Canada, and France in the area.

The Latin America the Middle East and Africa market is supposed to experience lucrative growth in terms of income, owing to the growing awareness of night cream and the increase in disposable income of the middle-class population in the countries of the locale.

KEY MARKET PLAYERS

Major players operating in the night cream market include Shiseido Co. Ltd., Solstice Holding, Estee Lauder Companies, Clinique Laboratories, L'Oreal SA, Procter & Gamble, Unilever PLC, VLCC Health Care, Himalaya Global Holdings, Beiersdorf AG, Guerlain.

RECENT HAPPENINGS IN THE MARKET

La Prairie recently launched innovative products like the Rare Cellular Night Elixir Serum for effective moisturizing solutions