Global Body Firming Creams Market: Overview
The global body firming creams market is set to a see an expansion in size over the forecast period of 2019 to 2027. The market is set to a show a steady CAGR (Compound Annual Growth Rate) which will not just create ample opportunities to keep the market players attentive but also improve the worth of the market significantly.
Some of the reasons that are helping the market move to a higher trajectory include increases focus on looks and a growing number of geriatric population. Besides, millennials efforts directed at looking their best versions online is leading to a massive demand for body firming creams.
Global Body Firming Creams Market: Competitive Landscape
The global body firming creams market is rife with developments that are not just crucial for players to take note of but also to understand how the market would operate over the coming years. An in-depth dive in can be had in our upcoming report.
The global body firming creams market is fragmented and prominent players in the market include L'Oréal S.A.; Beiersdorf AG; Clarins Group; Johnson & Johnson; Sol de Janeiro; ET Browne Drug Co. Inc.; The Procter & Gamble Company; Kao Corporation; Shiseido Company, Limited; and The Estée Lauder Companies Inc., among others. Players are focusing on improving their products. And, in order to stay ahead of their competitors, they resort to mergers and acquisitions. Also, strategic collaborations and partnerships are often witnessed.
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Global Body Firming Creams Market: Key Trends and Drivers
Certain factors are shaping the growth curve for Global Body Firming Creams Market. They are paving the way for how market would operate over the coming years. A glimpse is shared below.
- The world is witnessing a demographic shift. In 2018, history was created, when the number of people in the age bracket of 65 and above surpassed that of people in the age group of five and below. As per a study done recently, it is expected that by 2050, one in six people will fall in the age bracket of 65 and above and in certain regions such as North America and Europe the ratio would be one in four. With looks gaining centre stage and social media outing on the pressure to a whole new level, it won’t be wrong to say that the global body firming creams market is set to grow.
- Influencers on social media are bringing youth and fashion to the forefront. As they speak about how to maintain skin and health, they bring to the limelight a plethora of products. This, in turn, is creating a new normal of beauty. This new standard is flawless. And, thus there is a marked increase in products that keep people youthful such as body firming creams. Thus, it surprises none to find out that this is driving demand into the body firming creams market.
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Global Body Firming Creams Market: Geographical Analysis
In 2018, North America dominated the market and a rapidly ageing population is set to keep the crown intact. As said earlier, population in Europe is ageing too – pace quite at par with North America and thus it will see growth too.
Another region that will chart a good growth curve is that of Asia Pacific (APAC) owing to a strong beauty influence and a rise in disposable incomes, a result of robust economies. Besides, there is a decent number of international players entering the market to slice a big chunk of untapped growth opportunities in this region. This is also a consequence of countries trying to improve their ease of business indices to entice more investment into the region.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.