Global Body Lotions Market Data 2024, Forecast To 2033
23 Jan, 2024
The body lotions market has grown rapidly, increasing from $70.97 billion in 2023 to $79.44 billion in 2024, with an 11.9% CAGR. Historical drivers include increased awareness of skincare importance, rising disposable incomes, effective marketing campaigns, an aging population, and growth in the beauty and cosmetic industry. Projections suggest rapid growth, reaching $122.8 billion by 2028, with an 11.5% CAGR. The forecasted period attributes growth to changing lifestyles, rising health and wellness trends, customization and personalization, e-commerce, and men's skincare. Major trends include clean beauty products, advanced formulations, inclusivity and diversity, CBD-infused products, and the development of multifunctional body lotions.
Global Body Lotions Market Key Driver
The body lotions market is poised for growth due to the rapid expansion of the millennial population. Cosmetics Europe reveals that the cosmetics industry contributes over €29 billion annually to the European economy, with over 500 million individuals using cosmetic products. With millennials expected to comprise nearly 75% of the global workforce by 2025, their preferences and shopping habits will be instrumental in driving the body lotions market forward.
Get A Free Sample Of The Global Body Lotions Market ReportGlobal Body Lotions Market Segments
The body lotions market covered in this report is segmented –
1) By Type: Dry Skin Body Lotion, Oily Skin Body Lotion, Normal Skin Body Lotion, Other Types
2) By Application: Men, Women, Baby
3) By Channel: Direct Sales, Distributor
By Geography: The regions covered in the body lotions market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the body lotion market in 2023. North America was the second-largest region in the body lotions market. The regions covered in the body lotions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Major Body Lotions Industry Players
Aveeno, Cetaphil, Olay, Alba Botanica, Avalon Organics, Crabtreeand Evelyn, Hempz, Murad LLC, L'Oréal SA, Unilever plc, Beiersdorf AG, Colgate-Palmolive Company, Estée Lauder Companies Inc., Johnson and Johnson, Avon Products Inc., Shiseido Company Limited, Procter & Gamble Company, Revlon Inc., CeraVe, Avène, Eucerin, Vanicream, EltaMD, La Roche-Posay, Jergens Inc., Kao Corporation, Coty Inc., Henkel AG & Co. KGaA, Natura & Co., Amway Corporation, Oriflame Cosmetics Global SA, Mary Kay Inc., Yves Rocher, The Body Shop International Limited, Bath & Body Works LLC, Neutrogena Corporation, Nivea, Vaseline
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Body Lotions Market Overview
Body lotions are smooth liquid preparations designed to be applied to the skin for medicinal, cosmetic, or protective purposes. For example, sunscreens are a substance that protects from the sun's ultraviolet (UV) radiation and thus helps against sunburns.
Body Lotions Global Market Report 2023 provides data on the global body lotions market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The body lotions market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.