Overview and Scope
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.
Sizing and Forecast
The body lotions market size has grown rapidly in recent years. It will grow from <b>$70.97 billion in 2023 to $79.44 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. </b> The growth in the historic period can be attributed to increasing awareness of the importance of skin care, rising disposable incomes, effective marketing and advertising campaigns, aging population, beauty and cosmetic industry growth.
The body lotions market size is expected to see rapid growth in the next few years. It will grow to <b>$122.8 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%. </b> The growth in the forecast period can be attributed to changing lifestyles, rising health and wellness trends, customization and personalization, e-commerce growth, men’s skincare. Major trends in the forecast period include clean beauty products, advanced formulations, inclusivity and diversity, cbd-infused products, development of multifunctional body lotions.
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Segmentation & Regional Insights
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
<b>Asia-Pacific</b> was the largest region in the body lotion market in 2023. <b>North America</b> 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.
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Major Driver Impacting Market Growth
Rapid growth in the millennial population is expected to drive the body lotions market. According to Cosmetics Europe, the cosmetics and personal care businesses add at least €29 billion (USD 33.14 billion) to the European economy each year, and the number of individuals using cosmetics products is rapidly expanding, surpassing 500 million in Europe. By 2025, millennials are expected to constitute nearly three-quarters of the global workforce. As millennials will represent a large part of the global workforce and play a major role in driving the current economy, their preferences and shopping habits will be an important driving factor for the lotion market.
Key Industry Players
Major companies operating in the body lotions market include <b> 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 </b>
The body lotions market report table of contents includes:
1. Executive Summary
2. Body Lotions Market Characteristics
3.Body Lotions Market Trends And Strategies
4. Body Lotions Market analysis
5.Body Lotions Market Size And Growth
6. Body Lotions Segmentation
7.Body Lotions Regional And Country Analysis
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27.Body Lotions Competitive Landscape And Company Profiles
28.Body Lotions Key Mergers And Acquisitions
29.Body Lotions Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Aveeno
- Cetaphil
- Olay
- Alba Botanica
- Avalon Organics
- Crabtreeand Evelyn
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