IMARC Group has recently released a new research study titled “Cosmeceuticals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the global cosmeceuticals market trends, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The market size reached US$ 54.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 85.2 Billion by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.

Cosmeceuticals represent topical cosmetic and pharmaceutical products enriched with biologically active ingredients to improve the quality of the skin. They are a rich source of retinol, vitamin B, C, and E, antioxidants, alpha-lipoic acid, hyaluronic acid, polyphenols, etc., that assist in cleansing, beautifying, cellular replenishment, etc. Some of the commonly used cosmeceuticals include hair care, lip care, skincare and teeth whitening products, injectables, ointments, etc. They protect the skin from pollution as well as solar and ultraviolet radiation (UV) exposure. In line with this, cosmeceuticals are extensively utilized for nourishing the skin while treating certain conditions, such as irritation and dryness.

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Cosmeceuticals Market Trends and Drivers:

The growing prevalence of skin-related complications, including hyperpigmentation, cellulite development, acne, pore inflammation, etc., is primarily driving the cosmeceuticals market. Additionally, the increasing consumer consciousness towards maintaining an aesthetically pleasing physical appearance is further catalyzing the market growth. The escalating demand for topical skincare products to heal wounds and repair skin damage caused by prolonged exposure to the sun is acting as another significant growth-inducing factor. Moreover, the development of premium cosmeceuticals with essential oils is also positively influencing the global market. The leading manufacturers are introducing moisturizers, sunscreens, wrinkles and acne reducers, etc., with bio-active ingredients that have higher efficacy and long-lasting results, which is anticipated to fuel the cosmeceuticals market over the forecasted period.

Competitive Landscape:

The competitive landscape of the cosmeceuticals market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Amway Corporation (Alticor)
• Avon Products, Inc. (Natura & Co.)
• Beiersdorf AG (Maxingvest ag)
• Croda International Plc
• Estée Lauder Companies
• Johnson & Johnson Services, Inc.
• L’Oréal S.A.
• Procter & Gamble Company
• Shiseido Company Limited and Unilever PLC

Key Market Segmentation:

The report has segmented the global cosmeceuticals market based on product type, ingredients type, distribution channel and region.

Breakup by Product Type:

• Skin Care
  • Anti-Aging
  • Anti-Acne
  • Sun Protection
  • Moisturizers
  • Others
• Hair Care
  • Shampoos and Conditioners
  • Hair Colorants and Dyes
  • Others
• Lip Care
• Oral Care

Breakup by Ingredient Type:

• Antioxidants
• Sunscreens
• Botanicals
• Peptides and Proteins
• Exfoliants
• Moisturizers
• Retinoids
• Others

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Stores
• Others

Breakup by Region:                           

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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