Global Night Skin Care Products Market 2016-2020

Market overview of night skin care products

Night skin care products are used to prevent the symptoms of aging, pimples, acne, wrinkles, and black patches on the skin and include products like creams, serums, and masks. The global market for night skin care products is positively affected by the growing awareness of night skin care products, increase in consumer income levels in developing countries, rise in aging population, and the introduction of improved quality and innovative products. Furthermore, factors such as the populace’s growing preference for health-consciousness and increasing awareness about the harmful effects of synthetic products will lead to this market’s moderate CAGR of nearly 5% by 2020.

Technavio’s market research analyst has estimated factors like the augmented demand for natural night skin care products to spur the prospects for market growth until the end of 2020. Most beauty and personal care products contain petroleum derivatives and synthetic products like mineral oil, paraffin, and propylene glycol. Since these synthetic products encourage the use of fossil fuels, which are both harmful to human health and the environment, their demand during the forecast period will witness a stark decline. Growing concerns about the environment and the high demand for natural skin care products will compel manufacturers to invest in green chemistry while manufacturing their products. This will lead to advances in night skin care product formulations and new product innovations over the next few years.

Geographical segmentation of the night skin care products market

• Americas
• APAC
• Europe
• MEA

The APAC region will be the largest market for night skin care products during the forecast period and will account for an impressive market share of more than 38% by 2020. The rising demand for skin lightening products is an emerging trend in the region, and this is anticipated to boost the sales of night skin care products during the predicted period. Also, factors such as the recent increase in urbanization and disposable income will also aid in the growth of this market in APAC until 2020.