The foundation cream market is anticipated to grow at a CAGR of 9.2 % during the forecast period (2022-2028). Cosmetics are items that are designed to clean, scent, or enhance one’s look. Foundation is a sort of cosmetic that is used to create an even, uniform color complexion, conceal defects, and alter the natural skin tone. Foundation cream is a cosmetic product that is used on the skin to provide a particular touch, manage oil, counteract shines, as well as produce a matt finish. Some foundation creams also serve as moisturizers, sunscreens, astringents, and other skincare products. The rising expenditure among the population along with the growing use of personal care product, is the key driver accelerating the global foundation cream market over the forecast period. Furthermore, rising per capita income, the introduction of new products into the industry, and the rise of e-commerce are expected to boost the global foundation cream market forward. Changing lifestyles and increased needs for skincare products as a result of changing climatic conditions are among the key reasons supporting to the market growth during the forecast period.
The global foundation cream market is segmented based on the type and distribution channel. Based on the type, the market is sub-segmented into concealer foundation cream, moisturizing foundation cream, powder foundation cream, mineral foundation cream, and others. Based on the distribution channel, the market is sub-segmented into retail stores, department stores, supermarket/hypermarkets, specialty stores, and E-commerce. Among these segments, the concealer foundation cream segment is expected to propel the growth of the market due to the increasing usage and demand for concealer cream globally. Concealer foundation provides additional coverage to achieve the appearance of a smooth, even skin tone which is expected to provide lucrative growth to the market during the forecast period.
The major market players in the global foundation cream market are L’Oréal S.A., The Estée Lauder Companies Inc., Procter & Gamble Co., Revlon, Inc., Shiseido Company Ltd., Chanel S.A., Lotus Herbals Ltd., Neutrogena Corp., Oriflame Holding AG, Sephora USA Inc., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in January 2022, Fit Me Matte + Pore less Liquid Foundation launched by Maybelline. Its diverse shade range, as well as its long-lasting and smoothing properties, makes it a market favorite. It has a matte finish and will swiftly disguise flaws, but it will not make customer’s face appear like plaster. It’s also pretty inexpensive.
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Competitive Landscape-
L’Oréal S.A., The Estée Lauder Companies Inc., Procter & Gamble Co., Revlon, Inc., Shiseido Company Ltd., Chanel S.A., Lotus Herbals Ltd., Neutrogena Corp., Oriflame Holding AG, Sephora USA Inc., among others.
By Type
Concealer Foundation Cream
Moisturizing Foundation Cream
Powder Foundation Cream
Mineral Foundation Cream
Others
By Distribution Channel
Retail Stores
Department Store
Supermarket/Hypermarket
Specialty Store
E-commerce
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Scope of the Report
The research study analyzes the Global Foundation Cream industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Global Foundation Cream Market Report
1. What was the Global Foundation Cream Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Global Foundation Cream Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Global Foundation Cream Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Global Foundation Cream market.
- The market share of the Global Foundation Cream market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Global Foundation Cream market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Foundation Cream market.
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