Foundation Cream Market - By Type (Concealer Foundation Cream, Moisturizing Foundation Cream and Other), By Application (Retail Stores, Specialty Stores, Online Stores) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Foundation Cream Market was valued at USD 8.83 million in 2020 is to grow with a CAGR of 4.4% from 2020-2030. Foundation cream is an essential part of every makeup. The increase in makeup awareness and its role in the enhancement of the external appearance has placed it as a regular necessity. Thus fuelling the growth of foundation cram market.  Because of raising concerns about the side effects of toxic and harsh chemicals in beauty products, most customers worldwide are inclining their towards organic cosmetics. While foundation cream with organic ingredients is more expensive than standard foundation creams, but when it comes to natural beauty products, the price is not a market concern. Growing safe skin consciousness has prevented customers from using items containing preservatives, chemicals and artificial colors. In addition to it, an increase in the worldwide disposable income has produced a favorable climate for organic beauty products.

Market Dynamics and Factors:

Because of growing concerns about the side effects of harsh and toxic chemicals in beauty products, most customers worldwide are turning to organic cosmetics. Research and innovations in developing foundation creams like lighter-textured foundations and CC creams for distinguished skin tones are also increasing the demand for the foundation creams and helping the foundation cream market to grow. While foundation cream with organic ingredients is more expensive than standard foundation creams, when it comes to natural beauty products, the price isn't a market concern. Growing safe skin consciousness has prevented customers from using items containing preservatives, chemicals and artificial colors. In addition, an increase in the worldwide disposable income has produced a favorable climate for organic beauty products. The social networking platforms such as Facebook, Instagram, YouTube, and Twitter played significant role in transforming the beauty industry. Due to creation of ad campaigns for social media platforms, it has become an essential part of companies' strategy. Smart phones and tablets also provide an easy access to reviews and blog posts about cosmetic products. In addition,  the popularity of selfie culture among millenials it led to an increasing need for makeup that performs well on- and off- camera. Considering such factors, companies are designing high range of makeup to serve the trend of selfies.

Market Segmentation:

Based on the type the global foundation cream market is divided into moisturizing foundation cream, concealer foundation cream and others. Considering the applications, the market is bifurcated into retail stores, specialty stores online stores. Geographic breakdown of  includes regions comprising North America, Europe, Asia-Pacific and RoW.

Geographic Analysis:

Europe dominated the market. BB creams are widely common in Europe, offering moisture, SPF protection and sheer coverage alongside calming and healing properties, thus eliminating the need to buy separate products. The European cosmetics industry, however, is heavily regulated by the region's governments, and several European countries have banned research on animals for cosmetics. As a result, cosmetic firms spend heavily on creating alternatives to animal testing to satisfy EU regulations.

Competitive Scenario:

The Top Key Players of Foundation Cream Market are - Estee Lauder, L'Oreal, Revlon, P&G,  Chanel, Shiseido, AmorePacific, Kao, Neutrogena, Lotus Herbals, Sephora, Oriflame

Foundation Cream Market Report Scope