CC Cream Market Outlook
The CC Cream Market size was USD 464.60 Million in 2022 and is likely to reach USD 861.36 Million by 2031, expanding at a CAGR of 7.1% during 2023–2031. Color control creams, often known as CC creams, are used to minimize the appearance of skin redness and level out skin tone.
This cream is a multi-functional all-in-one product that is used as a moisturizer, primer, sunscreen, anti-aging therapy, concealer, and foundation. Almost every cosmetic brand sells a CC cream, as it is a popular cream product. All these factors are expected to drive the cc cream market.
CC Cream Market Trends, Drivers, Restraints, and Opportunities:
- Rising demand for high-quality, innovative, and multi-functional beauty products is anticipated to propel the CC cream market in the near future.
- Features offered by CC cream, such as anti-aging and correction in skin color, are anticipated to drive the market.
- Availability of substitutes such as BB cream hamper the growth of the market.
- Rising demand for CC cream from emerging markets such as China and India is expected to create opportunities for the players in the CC cream market.
Scope of CC Cream Market Report
The report on the global CC cream market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report
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Attributes
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Details
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Report Title
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CC Cream Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast
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Base Year
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2022
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Historic Data
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2016 - 2021
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Forecast Period
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2023–2031
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Segmentation
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By Packaging Types (Tube and Air Cushion), By SPF Types (below 15 SPF, between 15-30 SPF, and above 30 SPF) By Distribution Channels (Online [Company-owned Portal and E-commerce], Offline [Supermarket/Hypermarket, Departmental Stores, Speciality Stores, and others), By End-users (Men and Women)
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Regional Scope
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Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
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Report Coverage
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Market scope, share, analysis, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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Key Players Covered in the Report
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Estée Lauder Inc., Chanel, Inc., Christian Dior Couture, Hindustan Unilever Limited, Pacifica Beauty, Procter & Gamble, ERBORIAN, Thrive Causemetics, Inc., Juice Beauty, and Lancôme
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CC Cream Market Segment Insights
High demand for CC cream packaged in tubes to drive the market
Based on packaging types, the global CC cream market is segmented into tube and air cushion. The tube packaging held a significant share of the CC cream market. In the personal care sector, squeezable plastic tubes have long been utilized for toothpaste packaging.
Many firms have been motivated to add additional value to their products by using multipurpose packaging, the most successful of which is the color correction. It combines the functions of moisturizer, sunscreen, primer, and foundation, and is cost-effective. Many cosmetics are designed to work with certain skin types. The tubes segment is expected to grow substantially throughout the forecast period, owing to low cost and high demand for CC cream packaged in tubes.
High affordability of CC cream with SPF between 15-30 to drive the market
On the basis of SPF types, the global CC cream market is segmented into below 15 SPF, between 15-30 SPF, and above 30 SPF. The SPF range between 15-30 segment holds a significant market share, due to its effectiveness and affordability. The SPF range above 30 segment is expected to expand at substantial rate, due to growing awareness about colour correction among people.
High distribution capacity of offline segment to drive the market
Based on distribution channels, the global CC cream market segmented into online and offline. The offline segment holds a significant market share, due to its prevalent distribution capacity. Governments in various countries, notably the US and Europe, established flexible working hours that allow department shops and supermarkets to stay open until midnight. This offers significant potential for many businesses to expand by carefully placing their packaging in these locations.
The online segment is expected to expand at substantial growth rate, owing to adoption of smartphones and Internet penetration. Online sales channels have grown significantly in the previous three to four years, as internet availability increased in various nations.
High awareness about skin care among women to drive the market
Based on end-users, the global CC cream market is segmented into men and women. The market is dominated by the women, attributed to high awareness about skin care among women. CC cream is a popular cream among women, as it is a multi-functional product that is applied straight to the face.
Asia Pacific dominates the global market
In terms of regions, the global CC cream market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific dominates the CC cream market. Over the last few years, the personal care sector has grown significantly. The skincare business is registering a change in demand from the elderly to the young. Anti-aging products are being used by young customers to postpone the indications of aging, which is expected to fuel the regional market.
Segments
By Packaging Types
By SPF Types
- below 15 SPF
- between 15-30 SPF
- above 30 SPF
By Distribution Channels
- Online
- Company Owned Portal
- E-commerce
- Offline
- Supermarket/Hypermarket
- Departmental Stores
- Speciality Stores
- Others
By End-users
By Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
By Key Players
- Estée Lauder Inc.
- Chanel, Inc.
- Christian Dior Couture
- Hindustan Unilever Limited
- Pacifica Beauty
- Procter & Gamble
- ERBORIAN
- Thrive Causemetics, Inc.
- Juice Beauty
- Lancôme
Competitive Landscape
Key players in the global CC cream market are Estée Lauder Inc., Chanel, Inc., Christian Dior Couture, Hindustan Unilever Limited, Pacifica Beauty, Procter & Gamble, ERBORIAN, Thrive Causemetics, Inc., Juice Beauty, and Lancôme.
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