The Body Lotions Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Body Lotions Global Market Report 2024, The body lotions market size has grown rapidly in recent years. It will grow from $70.97 billion in 2023 to $79.44 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. 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 $122.8 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%. 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.
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.
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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
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 – Macro Economic Scenario
5. Global Body Lotions Market Size and Growth
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26. South America Body Lotions Market
27. Brazil Body Lotions Market
28. Middle East Body Lotions Market
29. Africa Body Lotions Market
30. Body Lotions Market Competitive Landscape And Company Profiles
Top Major Players:
- Aveeno
- Cetaphil
- Olay
- Alba Botanica
- Avalon Organics
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