
Report ID: UCMIG30L2084
Report ID:
UCMIG30L2084 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
According to market research, the worldwide night creams industry was valued at approximately USD 7.12 billion in 2018 and is projected to experience a compound annual growth rate (CAGR) of approximately 7.24% from 2019 to 2025. This indicates a steady expansion in the market over the forecast period. The figures suggest a growing consumer demand for night creams, driven by factors such as increasing awareness of skincare and a desire for effective nighttime beauty routines.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Personal Products by segment aggregation, the contribution of the Personal Products in Household & Personal Products and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG30L2084