By Infinium Global Research Aug, 2020
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. The increasing consumer consciousness about the benefits of cosmeceuticals attached to a rising number of premium quality cosmeceuticals products is some key factors that are driving the demand for the 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 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 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.
The report on Global Cosmeceuticals Market covers segments such as product and type. The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, 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 report provides profiles of the companies in the global Avon, Johnson & Johnson, Croda International PLC, Unilever, Shiseido Group, Estee Lauder, Royal DSM, Procter & Gamble, L'Oréal, and Allergan.