The Latin America, Middle East and Africa Night Creams Market would witness market growth of 11.3% CAGR during the forecast period (2023-2029).
People's increasing emphasis on personal grooming & physical appearance is one of the key factors propelling the market's growth. In addition, air pollution and extended exposure to ultraviolet (UV) rays cause skin oxidative damage. As a result, the use of night creams has grown dramatically, and they aid in reducing the negative effects of the environment on the skin. These creams also help to minimize dullness and dark spots, moisturize and soothe the face, restore skin elasticity, tone the facial muscles, and fight acne, zits, and pimples.
When collagen is lacking, wrinkles & fine lines become more noticeable. This cream helps the skin look plumper and firmer by increasing collagen formation. This minimizes sagging and the visibility of wrinkles and fine lines. In essence, the skin's much-needed suppleness is improved. Additionally, using a night cream encourages blood circulation, which aids in the removal of waste products and supports the skin's natural cleansing and healing processes.
Due to increased environmental concerns, individuals are beginning to favor products verified as being cruelty-free, eco-friendly, and sustainable. The biggest companies also give the development of e-commerce platforms top priority. These components support Chile's market expansion. As people's ideas of beauty change, the United Arab Emirates is moving toward a more comprehensive strategy. Generation Y and Millennials are particularly prone to this way of thinking. Another trend that is assisting the growing demand for organic and natural products is the rise in popularity of "skin care as health." Due to this, the demand for skin care products such as night creams for skin whitening or dark spot reduction is rising.
The Brazil market dominated the LAMEA Night Creams Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $279 Million by 2029. The Argentina market is experiencing a CAGR of 11.9% during (2023 - 2029). Additionally, The UAE market would showcase a CAGR of 11% during (2023 - 2029).
Based on Distribution Channel, the market is segmented into Convenience Stores, Supermarkets/Hypermarkets, Retail Pharmacies and Ecommerce. Based on Product Type, the market is segmented into Moisturizing, Anti-aging and Skin Whitening. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Night Creams Market is Projected to reach USD 12.7 Billion by 2029, at a CAGR of 6.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Beiersdorf AG, The Estee Lauder Companies, Inc., L'Oreal S.A., The Procter and Gamble Company (Olay), Shiseido Company Limited, Unilever PLC, Johnson & Johnson (Johnson & Johnson Services, Inc.), Derma E (Topix Pharmaceuticals, Inc.), Himalaya Wellness Company (Himalaya Global Holdings Ltd.) and Guerlain SA.
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