Skincare Awareness and Moisturizer Demand Propel Dry Skin Care Market to US$ 86.1 Billion by 2034 | Future Market Insights, Inc.

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in emerging countries has facilitated the access of dry skin creams, lotions, and ointments in every nook and corner of the world.

"Well-established brands in the dry skin cream, lotion, and ointment market are spending extensive research and development hours on developing clean-labelled and organic products to keep up with the changing market trends. They are also taking the initiative toward sustainable manufacturing, packaging, and disposal of their products to cater to the demands of eco-conscious consumers," says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.).

Key Takeaways from the Market Study

Creams dominated the market with a share of 46.5% in 2022. Creams are generally thicker than lotions and ointments; hence, the preference for creams by the dry skin population is high.Synthetic segment in the dry skin cream, lotion, and ointments market accounted for a share of 63.8% in 2022.The dry skin cream, lotion, and ointment market in China is predicted to grow at a remarkable CAGR of 8.40% through 2034.The dry skin cream, lotion, and ointment in the United States is predicted to rise at a whopping 8.10% CAGR through 2034.The dry skin cream, lotion, and ointment market in Japan has the potential to increase at 7.80% CAGR through 2034.The Indian dry skin cream, lotion, and ointment market is predicted to rise by 7.60% CAGR through 2034.The dry skin cream, lotion, and ointment market in France is predicted to grow at a CAGR of 6.60% through 2034.

Market Competition                               

The dry skin cream, lotions, and ointments market is filled with international brands like L'Oreal, Unilever, Estee Lauder Companies, etc. These companies have established themselves and have a loyal consumer base. There is a presence of smaller domestic companies as well. These entities supply regionally and have a very limited consumer base. Despite these challenges, these brands bring a sense of innovative spirit to the industry by coming up with new flavors and formulations.

Recent Developments

In 2019, Johnson & Johnson launched a new range of dry skin care products from Neutrogena and Aveeno. One of the products from Neutrogena is a bright boost gel cream.In March 2022, L'Oréal's corporate venture capital fund, Business Opportunities for L'Oréal Development, acquired a minor stake in SPARTY, which is a startup in Japan involved in personalized beauty products under the brand called Hotaru, which includes dry skin care products as well.

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Unveiling the Dynamics of the Dry Skin Cream, Lotion, and Ointment Market: Access Our Comprehensive Research Methodology

 About the Author:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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