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Beauty Industry

Face Cream Market Forecasted to Grow

A need for organic face creams will boost growth, Technavio reports.

By: Beauty Packaging Staff

The face cream market is poised to grow by $10.26 billion during 2019-2023, progressing at a CAGR of 5% during the forecast period, according to a new report from Technavio. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers and the overall market environment.
 
The need for organic face creams has been instrumental in driving the growth of the market, says the report. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
 
Technavio also identifies a rising emphasis on product personalization and customization as one of the prime factors driving the face cream market growth during the next few years.
 
Find the full report here.

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