Global Cosmeceuticals Market was valued at USD 59.01 billion in 2022 and is expected to reach USD 100.63 billion by the year 2030, at a CAGR of 6.9%.
Dermatologist Dr. Albert Kligman, for the first time in 1984 used the term cosmeceutical. He derived it by combining the words cosmetic and pharmaceutical. Cosmeceuticals are products that have both cosmetic and therapeutic effects and are considered to have a beneficial effect on skin, hair, and oral health. They are applied topically as creams or lotions, similar to cosmetics, but include active chemicals that enhance skin cell activity. In some situations, their activity is restricted to the skin's surface (for example, exfoliants), whilst others can penetrate deeper depths, boosting or restricting natural skin processes. Cosmeceuticals are accessible without a prescription and are often used as part of a normal skincare routine to assist enhance skin tone and texture, pigmentation, and fine wrinkles.
Top Key Players Covered in The Cosmeceuticals Market
Johnson & Johnson (US), Procter & Gamble (US), Sabinsa Corporation (US), L'Oréal (France), Allergan (Ireland), AVON (UK), Estee Lauder (US), Unilever (UK), Beiersdorf (Germany), Croda International Plc. (UK), BASF SE (Germany), Bayer AG (Germany), Symrise AG (Germany) and other major players.
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The report summarizes all the information collected and serves the customer's requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others. This will help us understand the market potential. The research report includes quantitative data that helps us fully understand the industry and future market scope.
Market Dynamics and Key Factors in Cosmeceuticals:
Drivers:
· Cosmeceuticals are applied as cosmetics, but they contain active ingredients that can alter the biological function of the skin and deliver nutrition to promote healthy skin.
Restraints:
· Cosmeceuticals are neither cosmetics nor pharmaceuticals thus, they are not regulated by the FDA. The claims made by manufacturers are investigated by the Federal Trade Commission (FTC), to check the validity and the biological activity of the ingredients utilized in cosmeceuticals.
Opportunities:
· Skin protection from radiation and oxidant damage, with a focus on nonirritating ingredients to improve the appearance of the skin, is the growing trend in skincare cosmeceutical products.
For the Purpose Of This Report, Reports And Data Has Segmented The Global Cosmeceuticals Market On The Basis Of Type, By Source, By Product, And Region:
By Type
· Anti-Oxidants
· Botanicals
· Exfoliants
· Others
By Product Type
· Skincare
· Haircare
· Oral Care
· Others
By Distribution Channels
· Pharmacy & Drug Stores
· Supermarkets & Hypermarkets
· Online
· Others
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Regional Analysis of Cosmeceuticals Market
· North America (US, Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
Key Questions Answered in This Report:
What would the projected growth rate be from 2023 to 2030? How big will it get in the projected amount of time?
What are the main factors that will determine the future of the Cosmeceuticals sector in the upcoming years?
Who are the leading competitors in the Cosmeceuticals, and what are their successful acquisition strategies?
What are the main trends impacting the growth of Cosmeceuticals in different geographical areas?
What opportunities should you take precedence?
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