BB Cream Market: Global Industry Analysis and Opportunity Assessment 2019-2027
BB cream, ‘blemish balm’ or ‘beauty balm’, is a combination of products such as foundation, SPF, moisturizer, concealer, and primer. BB cream is considered as one solution for all make up rituals. It was first developed in Germany in 1967, following which the popularity of BB cream has been growing internationally. BB cream gained popularity first in South Asia, primarily in Korea, following which it gained popularity in Japan. It offers several benefits, for instance, it boosts glow, smoothens fine lines & imperfections, offers 24-hour hydration, and SPF protection. The natural finishing and simplicity of BB creams has attracted female as well as male users.
This report on BB cream market provides the forecast and analysis of the global BB cream market. It provides analysis on the basis of historical data and forecast from 2019 to 2027 in terms of revenue (US$ Mn). The report reveals the market dynamics in seven geographic segments, along with an analysis of the current and future scenario. In addition, it includes the drivers, restraints, and recent trends of the BB cream market. The report also comprises opportunities for BB cream manufacturers and highlights the value chain analysis in detail. The study demonstrates the market dynamics and trends across regions that are expected to influence the current status and future prospects of the BB cream market.
The report studies the global BB cream market for the period 2019–2027. The prime objective of this report is to offer quantitative and qualitative insights and study the key market trends pertaining to the global BB cream market, which gradually help transform businesses.
The market numbers have been assessed by carefully scrutinizing the BB cream spending of countries in all the seven key regions for the current year, as well as the historical performance of the market. The market size and forecast for each segment in the BB cream market has been provided in the context of the regional markets. All the segmentation for BB cream market has been considered after appropriate secondary research and revalidation of the data obtained through interviews with key thought leaders and industry experts. The market has been forecast based on constant currency rates. The report includes the revenue generated from sales of BB cream across all regional economies.
The report begins with an executive summary intended to provide a clear perspective about the market to the reader. It is then followed by BB cream market overview and provides BB cream market definition and analysis about drivers, restraints, opportunities, and key trends in the market. The sections that follows includes an analysis of the global BB cream market by price range, capacity, application, sales channel, and a country-level analysis.
The BB cream market is primarily segmented by skin type, which includes dry, normal, oily, combination, and sensitive. The end user segment of the BB cream market is sub segmented as men and women. By SPF type, the BB cream market is segmented into below 15 SPF, between 15-30 SPF, and above 30 SPF. The global BB cream market is further segmented on the basis of sales channel. The distribution channel segment includes below wholesalers/distributors, multi-brand stores, exclusive stores, online stores, and others.
All the above sections evaluate the market on the basis of the various factors affecting the market, which cover the present scenario and future prospects. For market data analysis, the report considers 2017 as the base year, with market numbers estimated for 2018 and forecast made for 2019–2027. All the segmentation for the BB cream market has been considered after appropriate secondary research and the revalidation of the data obtained through interviews with key thought leaders in the industry. The market has been forecast based on constant currency rates.
The next section of the report highlights the market by region and provides the market outlook for 2019–2027. The study investigates the regional Year-On-Year (Y-o-Y) growth of the BB cream market. Key regions assessed in this report include North America, Latin America, Europe, Asia Pacific Excluding Japan, Middle East & Africa, and Japan. The report evaluates the present scenario and growth prospects of the regional market for 2019–2027.
The BB cream market numbers have been assessed based on sales and weighted average pricing by material and product type. The aggregate revenue is derived through weighted average country pricing trends. The BB cream market size and forecast for each segment has been provided in the context of the country. The BB cream market has been analysed based on the expected demand and current spending scenario. The prices considered for the calculation of revenue are the average country prices obtained through primary quotes from numerous regional BB cream manufacturers, suppliers, and distributors.
All the key product types have been considered on the basis of secondary sources and feedback from primary respondents. Country-wise demand patterns have been considered while estimating the BB cream consumption across various regions. The BB cream market numbers for all the regions by product type, material, price, and distribution channel have been derived using the bottom-up approach, which is cumulative of each country’s demand.
The company-level BB cream market share has been derived on the basis of the revenues reported by key manufacturers. The BB cream market has been forecast based on constant currency rates. Given the characteristics of the market, we have triangulated the outcome on the basis of three different types of analysis: based on supply side, demand side analysis of the BB cream market, and the impact of macro-economic factors on the BB cream market.
In addition, it is imperative to note that, in a fluctuating global economy, we not only conduct market forecasts in terms of Compound Annual Growth Rate (CAGR), but also analyse the market based on key parameters, such as Y-o-Y growth rates, to understand the predictability of the BB cream market and to identify the right opportunities for players.
The segments of the global BB cream market have been analysed in terms of Basis Point Share (BPS) to understand the relative contributions of each segment to market growth. This detailed level of information is important for identifying the various key trends in the BB cream market. Another key feature of this report is the analysis of the market in terms of the absolute dollar opportunity represented by the sales of BB cream. Absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify the lucrative segments.
The overall absolute dollar opportunity represented by the BB cream market is mentioned in the report. To understand key growth segments in terms of the growth and adoption for BB cream in the global market, FMI has developed the market ‘Attractiveness Index.’ This index is expected to help providers identify the real market opportunities. A number of primary and secondary sources were referred during the course of the study. Some of the secondary sources include IMF, World Bank, Hoovers, Factiva, the annual reports of companies, and government associations & publications.
In the final section of the report on the BB cream market, a ‘dashboard view’ of companies has been provided to compare the current industrial scenario and their contribution to the total BB cream market. Moreover, it is primarily designed to provide clients an objective and detailed comparative assessment of the key providers specific to a segment of the BB cream market. Report audiences can gain segment-specific manufacturer insights to identify and evaluate their key competitors in the BB cream market.
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