This market research report presents a detailed segmentation of the global blemish balm (BB) and color correction (CC) products market by product type (BB/CC skin care products, BB/CC color cosmetic products, and BB/CC hair care products) and by geography (Americas, APAC, Europe, and MEA). The market study also provides a market share analysis of the key vendors, including Beiersdorf, Estée Lauder, Johnson & Johnson, L’Oréal, and Shiseido.
Technavio has released a new market research report on the global BB and CC creams market, which is expected to grow at a CAGR of around 13% between 2016 and 2020. Owing to growing protection from UV radiation, especially UV-A and UV-B, consumers are shifting towards sun care products, which is accelerating the demand for BB and CC creams. Moreover, these creams also have high demand due to their multifunctional benefits. APAC is the highest revenue-contributing region in the global blemish balm (BB) and color correcting (CC) market, and is expected to occupy around 38% of the total market share. Much of this market’s growth comes from the growing usage among youth population and the introduction of new product lines.
“Of late, the vendors are using natural ingredients to add features like hydration, hypoallergenic properties, and intense repair to BB and CC products, as well as sun protection and self-tanning. For instance, Shiseido recently launched its Clé de Peau Beauté range of UV protection creams with SPF 50 PA+++ containing thyme and turmeric extracts to prevent DNA damage to cells and thus reduce wrinkles. Vendors are also launching products for specific target groups such as women living in regions that have humid climates, children, and athletes,” says Brijesh Kumar Choubey, Lead Analyst, Consumer & Retail, Technavio Research
The BB/CC skin care products segment dominates the global BB and CC products market, and account for a revenue share over 80% in 2015. The BB/CC, skin care products, are mostly used to protect the human skin from the sun and UV radiations. Furthermore, their ability to provide hydration and coverage to the skin will result in its increased demand during the predicted period.
The key vendors in the global BB and CC creams market include Beiersdorf, Estée Lauder, Johnson & Johnson, L’Oréal, and Shiseido. The market is characterized by the presence of multiple active vendors. Though the large vendors dominate this market in terms of shares, the smaller vendors are also expected to account for a significant share of the market as they have created a competitive landscape in certain countries like South Korea and China. The vendors in the market compete on the basis of product portfolio and pricing to gain maximum traction during the forecast period.
A more detailed analysis is available in the Technavio report Global BB and CC creams Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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