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A recent report published by Infinium Global Research on cosmeceuticals market provides in-depth analysis of segments and sub-segments in the global as well as regional cosmeceuticals market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional cosmeceuticals market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global cosmeceuticals market. According to the report, the global cosmeceuticals market is projected to grow at a healthy CAGR of over the forecast period of 2018-2024.
Market Insight
A cosmeceutical is a skincare product that contains a biologically active compound with pharmaceutical effects on the skin. Cosmeceuticals contain cosmetic products with bioactive ingredients supposed to have medical benefits. These cosmeceuticals products have purported to have benefits comparable to the pharmaceutical. These products are steadily dominating all other product segments in the cosmetics industry and personal care. Cosmeceuticals products are used in different applications such as tooth whitening, skin irritation, skin lightening, and others.
The increasing consumer consciousness about the benefits of cosmeceuticals attached with a rising number of premium quality cosmeceuticals products are some key factors that are driving the demand for cosmeceuticals market. Another factor that is boosting the market growth for this market is the rising affordability among the consumers, growing urban population, an increasing number of middle-aged people and a fast-paced life. Further, strong wish among men and women to maintain youthful appearances has groomed and nurtured the cosmetic industry globally. Rapidly aging stats indicate a healthy demand for anti-aging products to avoid age spots, uneven skin tone, wrinkles, hair damages, and dry skin. Additionally, this growing demand has created room for innovations in cosmetics, hence promoting industry growth. Moreover, a key trend noticed in the global cosmeceuticals market is the emergence and popularity of natural and organic products.
In terms of geographies, North America held the highest market share, followed by Europe in the cosmeceuticals market. Factors such as increasing consumer consciousness about the benefits of cosmeceuticals coupled with a rising number of premium quality cosmeceuticals products and increasing consciousness about maintaining a youthful appearance are driving the growth in the North America region. The Asia Pacific is the fastest growing region in the global cosmeceutical market. The growing disposable income of consumers, rising urban population and increasing awareness are some of the major factors boosting the growth of the Cosmeceuticals market in this region.
Segment Covered
The report on global cosmeceuticals market covers segments such as product and type. On the basis of product, the global cosmeceuticals market is categorized into hair care, skincare, lip care, tooth whitening, injectable, and others. On the basis of type, the global cosmeceuticals market is categorized into antioxidants, proteins, peptides, botanicals, moisturizers, and others.
Geographic Coverage
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024.
The countries covered in the North America region include the U.S., Canada, and Mexico; while the Asia-Pacific region includes countries such as China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are the major markets included in the European region. The U.S. drives the growth in the North America region, as it is the largest market in the region. In the Asia-pacific region, rapid industrial growth in India and China offer a substantial potential for the growth in the cosmeceuticals market. As a result, the APAC region is projected to experience a growth at a CAGR of x.x% over the forecast period 2018-2024.
Companies Profiled:
The report provides profiles of the companies in the global cosmeceuticals market such as Avon, Johnson & Johnson, Croda International PLC, Unilever, Shiseido Group, Estee Lauder, Royal DSM, Procter & Gamble, L'Oréal, and Allergan.
Report Highlights:
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global cosmeceuticals market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of cosmeceuticals market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the cosmeceuticals market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the cosmeceuticals market to understand the present and future trends in this market and formulate their strategies accordingly.
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