Global CC Cream Market Report and Forecast 2024-2032

Global CC Cream Market Outlook

The global CC cream market size reached around USD 532.41 million in 2023. The market is assessed to grow at a CAGR of 7.1% during the forecast period of 2024-2032 to reach a value of nearly USD 992.58 million by 2032.

Key Trends in the Market

CC cream is a cosmetic product that provides the functionality of three products, namely sunscreen, foundation and moisturiser. It assists in correcting and smoothening the skin by hiding dark spots, pigmentation, and acne, among others. Made using anti-ageing ingredients, it acts as a natural shield against sunlight.

• The CC cream market growth can be attributed to the increasing focus on skincare as a form of self-care and rising investments in cosmetics and beauty products by Gen-Z and millennial populations. The light texture, foundation-like coverage, and colour-correcting qualities are boosting the appeal of CC creams as an easy-to-use and effective skincare solution.

• Key players are developing products for all skin colours in an attempt to make their brand more inclusive. This is driving the availability of CC creams for different skin types on both offline and online platforms.

• An influx of influencers with content majorly focused on skincare and cosmetics is one of the major CC cream market trends. These influencers are educating the masses regarding the importance and benefits of skincare regimes and cosmetic products, including CC creams.

Market Analysis

Based on type, the market is segmented into below 15 SPF, between 15 to 30 SPF, and above 30 SPF. On the basis of application, the CC cream market segmentation includes oily skin, dry skin, and normal skin, among others. By sales channel, the market is divided into hypermarkets and supermarkets, speciality stores, and online retail, among others. The major regional markets for CC cream are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global CC cream market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.

• Chanel Inc. 

• KOSÉ Corporation 

• Natura Supply Co. 

• L'Oreal SA 

• Unilever plc 

• Estee Lauder Companies Inc. 

• Re'equil 

• Procter & Gamble Co. 

• L'Occitane Limited 

• Oriflame Cosmetics Global SA 

• Others

Market Share by Type

As per the CC cream market analysis, the demand for above 30 SPF CC cream is rising as awareness regarding the negative impact of UV rays on the skin increases. Such creams can also be used as a light-medium foundation layer. Moreover, these creams are increasingly preferred as a base for makeup and an alternative to traditional foundation. The development of SPF30 CC cream specialised for sensitive skin types is anticipated to further propel the market growth in the coming years.

Market Share by Region

The Asia Pacific represents a significant portion of the global CC cream market due to the growing skin consciousness and the prevalent tropical climate in the region. This, along with a large population with rising disposable incomes, is boosting sales of cosmetics and skincare products, including CC cream. Besides, the robustly growing beauty sector in Japan, China, and South Korea is expected to aid the market in the forecast period.

Competitive Landscape

L’Oreal SA is one of the  largest personal care and cosmetic brands that was established in 1909. The French brand produces diverse types of cosmetic products, ranging from skincare and haircare to makeup.

KOSÉ Corporation, found in 1946, is a multinational cosmetics and beauty company. The company aims to drive inclusivity in the beauty and cosmetics sector through its wide product portfolio. Its subsidiary, Alibon, is a manufacturer of premium cosmetic products.

Natura Supply Co. is a leading personal care and cosmetic group, which owns leading brands like Natura, Avon, and The Body Shop, among others. The company aims to provide innovative beauty and cosmetics products to women across the globe.

Other CC cream market players include Chanel Inc.,  Unilever plc, Estee Lauder Companies Inc., Re'equil, Procter & Gamble Co., L'Occitane Limited, and Oriflame Cosmetics Global SA, among others.

Key Highlights of the Report