Global Cosmeceuticals Market 2023

  • Report Code : 1012983
  • Industry : Consumer Goods and Retail
  • Published On : Nov 2023
  • Pages : 96
  • Publisher : Gen Consulting Company
  • Format: WMR PPT FormatWMR PDF Format

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Description
Cosmeceuticals represent a broad category of cosmetic products containing biologically active compounds that claim to deliver benefits more commonly associated with pharmaceuticals. Encompassing a wide array of personal care offerings, these goods exist as either prescription items or over-the-counter formulations available directly to consumers.

The global market for cosmeceuticals is forecast to experience noteworthy gains per recent projections, indicating expansion of approximately 6.3% annually to surpass $98.6 billion by the end of the decade. Several drivers are underpinning this anticipated growth trajectory.

As customer priorities placed on physical appearance increase, historically synthetic personal care options are giving way to organic alternatives perceived as more natural and effective. Alongside, a demographic shift sees the rising middle classes and aging populace in developed nations prioritizing anti-aging and wellness routines, reflecting in product consumption.

Meanwhile, technological breakthroughs are augmenting the array of active compounds integrated into formulations. Plant stem cell research, nanotechnology, and extraction of anti-inflammatory, anti-allergic and photo-protective botanical properties represent innovation at the vanguard. Such advances broaden the therapeutic scope of cosmeceuticals while stimulating new product categories.

However, potential barriers to the market's ascent also exist and must be navigated. Regulatory oversight of cosmetic product safety and efficacy claims from the FDA remains less stringent than pharmaceuticals. With no mandates for clinical evaluation, instances of questionable safety profiles could undermine consumer confidence over time.

Market Segmentation
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product type, age group, distribution channel, and region.
Product type: injectable products, hair care products, skin care products, others
Age group: children and young adults, middle-aged, older adults
Distribution channel: pharmacies, mass merchandisers, ecommerce, others
Region: Asia-Pacific, Europe, North America, Middle East and Africa (MEA), South America

The global market for cosmeceuticals is characterized by a diverse range of products, including injectable products, hair care products, skin care products, and others. Within the product type segment, the cosmeceutical market is further classified into skincare, haircare, and oral care. Notably, the skincare products segment emerged as the dominant force in the market, capturing a substantial share of 54.3% in 2022. This segment's ascendancy can be attributed to the growing consumer awareness of the detrimental effects of exposure to harmful ultraviolet radiation, which can lead to premature skin aging and increase the risk of skin cancer. This heightened awareness has prompted consumers to prioritize the protection of their skin by embracing preventive skincare products. Furthermore, the increasing demand for multifunctional products, such as sun-care cosmetic products like BB creams, which offer sun protection alongside makeup and moisturizing benefits, is expected to fuel the growth of the skincare category in the forecast period.

The haircare segment is poised to witness significant growth in the future, driven by the escalating demand for products such as hair oil, hair color, shampoo, and conditioner. The appeal of shampoos lies in their ability to effectively remove dandruff, dirt, and environmental pollutants, making them a popular choice for daily use. Additionally, the capacity to eliminate unwanted build-up without excessively stripping the hair of natural oils, thus preventing unmanageable hair, is a key factor driving consumers to opt for branded hair care products.

In terms of regional segmentation, the cosmeceuticals market is divided into Asia-Pacific, Europe, North America, Middle East and Africa (MEA), and South America. Notably, the Asia-Pacific region has consistently maintained its position as the powerhouse in terms of total sales of cosmeceuticals. In 2022, the region continued its dominance, accounting for a substantial 42.7% of the total global sales of cosmeceuticals.

The sustained strong consumer demand in Japan and the upsurge in demand in China are the primary drivers behind the Asia-Pacific region's top ranking in the global cosmeceuticals market. Japan, renowned for its discerning consumer base and advanced skincare culture, has been a key contributor to the region's robust cosmeceutical sales. The Japanese market's emphasis on quality, innovation, and efficacy has propelled the demand for premium skincare and haircare products, driving the overall growth of the cosmeceuticals market in the region.

Furthermore, the burgeoning demand in China has significantly bolstered the Asia-Pacific region's position as a leader in cosmeceutical sales. China's rapidly expanding consumer base, coupled with increasing disposable incomes and a growing awareness of skincare and haircare regimens, has fueled the demand for cosmeceutical products in the region. The Chinese market's appetite for a wide range of skincare and haircare solutions, including anti-aging products, sun-care formulations, and hair nourishment treatments, has been instrumental in propelling the growth of the cosmeceuticals market in Asia-Pacific.

Moreover, the Asia-Pacific region's diverse and dynamic market landscape, encompassing both developed and emerging economies, has contributed to the region's sustained dominance in the global cosmeceuticals market. The presence of established beauty and personal care industries in countries such as South Korea and Australia, alongside the rapid growth of the cosmeceuticals market in emerging economies like India and Southeast Asian nations, has further solidified the region's position as a key driver of global cosmeceutical sales.

Major Companies and Competitive Landscape
The report has also analyzed the competitive landscape of the global cosmeceuticals market with some of the key players being Allergan plc, Amka Products (Pty) Ltd., Amorepacific Corporation, Awake Organics Ltd., Bajaj Consumer Care Ltd., Beiersdorf AG, Boticario Produtos de Beleza Ltda, Coty Inc., Croda International plc, Galderma S.A., Giovanni Cosmetics Inc, Glossier, Inc., Groupe Clarins, Groupe Marcelle, Henkel AG & Co. KGaA, Huadong Medicine Co., Ltd., Johnson & Johnson, Kao Corporation, LG H&H Co., Ltd., L'Oreal S.A., Lotus Herbals Pvt Ltd., LVMH Moet Hennessy Louis Vuitton, Marico Limited, Medy Tox Inc, Memebox Corporation, Merz Pharma GmbH & Co. KGaA, Natura & Co., Olaplex, Inc., Revlon, Inc., Shiseido Company, Limited, Suneva Medical Inc, The Estee Lauder Companies Inc., The Procter & Gamble Company, Tonymoly Co., Unilever plc, Wella Company, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

Scope of the Report
To analyze and forecast the market size of the global cosmeceuticals market.
To classify and forecast the global cosmeceuticals market based on product type, age group, distribution channel, region.
To identify drivers and challenges for the global cosmeceuticals market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global cosmeceuticals market.
To identify and analyze the profile of leading players operating in the global cosmeceuticals market.

Why Choose This Report
Gain a reliable outlook of the global cosmeceuticals market forecasts from 2023 to 2029 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
Print authentication provided for the single-user license.

TABLE OF CONTENTS
FIGURES AND TABLES
PART 1. INTRODUCTION
1.1 Description
1.2 Objectives of The Study
1.3 Market Segment
1.4 Years Considered for The Report
1.5 Currency
1.6 Key Target Audience
PART 2. RESEARCH METHODOLOGY
2.1 Primary Research
2.2 Secondary Research
PART 3. EXECUTIVE SUMMARY
PART 4. MARKET OVERVIEW
4.1 Introduction
4.2 Drivers
4.3 Restraints
PART 5. GLOBAL COSMECEUTICALS MARKET BY PRODUCT TYPE
5.1 Injectable products
5.2 Hair care products
5.3 Skin care products
5.4 Others
PART 6. GLOBAL COSMECEUTICALS MARKET BY AGE GROUP
6.1 Children and young adults
6.2 Middle-aged
6.3 Older adults
PART 7. GLOBAL COSMECEUTICALS MARKET BY DISTRIBUTION CHANNEL
7.1 Pharmacies
7.2 Mass merchandisers
7.3 Ecommerce
7.4 Others
PART 8. GLOBAL COSMECEUTICALS MARKET BY REGION
8.1 Asia-Pacific
8.2 Europe
8.3 North America
8.4 Middle East and Africa (MEA)
8.5 South America
PART 9. COMPANY PROFILES
9.1 Allergan plc
9.2 Amka Products (Pty) Ltd.
9.3 Amorepacific Corporation
9.4 Awake Organics Ltd.
9.5 Bajaj Consumer Care Ltd.
9.6 Beiersdorf AG
9.7 Boticario Produtos de Beleza Ltda
9.8 Coty Inc.
9.9 Croda International plc
9.10 Galderma S.A.
9.11 Giovanni Cosmetics Inc
9.12 Glossier, Inc.
9.13 Groupe Clarins
9.14 Groupe Marcelle
9.15 Henkel AG & Co. KGaA
9.16 Huadong Medicine Co., Ltd.
9.17 Johnson & Johnson
9.18 Kao Corporation
9.19 LG H&H Co., Ltd.
9.20 L'Oreal S.A.
9.21 Lotus Herbals Pvt Ltd.
9.22 LVMH Moet Hennessy Louis Vuitton
9.23 Marico Limited
9.24 Medy Tox Inc
9.25 Memebox Corporation
9.26 Merz Pharma GmbH & Co. KGaA
9.27 Natura & Co.
9.28 Olaplex, Inc.
9.29 Revlon, Inc.
9.30 Shiseido Company, Limited
9.31 Suneva Medical Inc
9.32 The Estee Lauder Companies Inc.
9.33 The Procter & Gamble Company
9.34 Tonymoly Co.
9.35 Unilever plc
9.36 Wella Company
DISCLAIMER

Choose License Type

Happy To Assist You

Contact Images

We will be happy to help you find what you need. Please call us or write to us:

Frequently Asked Questions

This report incorporates the analysis of factors that augments the market growth. Report presents competitive landscape of the global market. This also provides the scope of different segments and applications that can potentially influence the market in the future. The analysis is based on current market trends and historic growth data. It includes detailed market segmentation, regional analysis, and competitive landscape of the industry.
The report efficiently evaluates the current market size and provides industry forecast. The market was valued at xxx Million US$ in 2019, and is expected to grow at a CAGR of xx% during the period 2020-2027.
The report efficiently evaluates the current market size and provides forecast for the industry in terms of Value (US$ Mn) and Volume (thousand ton / metric ton / cubic meter).
Market is segmented by:
  • Product Types
  • Applications
  • Technology
  • End-use Industries
  • Distribution channel
  • Regions
The report share key insights on the following:
  • Current market size
  • Market forecast
  • Market opportunities
  • Key drivers and restraints
  • Regulatory scenario
  • Industry trend
  • Pestle analysis
  • Porter’s analysis
  • New product approvals/launch
  • Promotion and marketing initiatives
  • Pricing analysis
  • Export-import analysis
  • Trade analysis
  • Competitive landscape
It helps the businesses in making investments decisions.
Customization helps the organization to gain insight on specific segments and regions of interest. Thus, WMR offers tailored report information based on business requirement in order to take strategic calls.
Contact us

mapicon
Sales Office (U.S.):
Worldwide Market Reports, 533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States

mapicon+1-415-871-0703

mapicon
Asia Pacific Intelligence Center (India):
Worldwide Market Reports, 403, 4th Floor, Bremen Business Center, Aundh, Pune, Maharashtra 411007, India.

Newsletter

Want us to send you latest updates of the current trends, insights, and more, signup to our newsletter (for alerts, special offers, and discounts).


Secure Payment By:
paymenticon

This website is secured Origin CA certificate on the server, Comodo, Firewall and Verified Sitelock Malware Protection

secureimg

© 2024 Worldwide Market Reports. All Rights Reserved