IMARC Group, a leading market research company, has recently released a report titled “Cosmeceuticals Market Report by Product Type (Skin Care, Hair Care, Lip Care, Oral Care), Ingredient Type (Antioxidants, Sunscreens, Botanicals, Peptides and Proteins, Exfoliants, Moisturizers, Retinoids, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the global ceramic tiles market trends, share, size, and industry trends forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global cosmeceuticals market size reached US$ 58.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 108.1 Billion by 2032, exhibiting a growth rate (CAGR) of 6.8% during 2024-2032.
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Global Cosmeceuticals Market Trends:
The increasing disposable incomes, allowing consumers to invest in premium skincare products, and the expanding male grooming segment, which is adopting advanced skincare routines and products, are strengthening the market growth. Concurrently, the rise of telemedicine and online dermatology consultations, which provide easier access to personalized skincare advice, and the growing trend of self-care, where consumers prioritize skincare, impelling the market demand.
Besides this, the increasing urbanization, leading to higher pollution levels that spur demand for protective skincare products, and advancements in biotechnology, enabling the development of highly specialized formulations that target specific skin concerns with greater precision and effectiveness, contributing to the market expansion.
Factors Affecting the Growth of the Cosmeceuticals Industry:
- Increasing consumer awareness and demand for anti-aging products:
With a growing global aging population, there is a heightened focus on maintaining youthful appearances and combating the visible signs of aging. Consumers are becoming more knowledgeable about the benefits of active ingredients in cosmeceuticals, such as retinoids, peptides, and antioxidants, which are scientifically proven to reduce wrinkles, improve skin elasticity, and promote overall skin health. This trend is particularly strong among the baby boomer generation and millennials who are investing in preventative skincare at an earlier age.
Additionally, social media and digital platforms have played a significant role in spreading awareness and driving the popularity of anti-aging cosmeceuticals. Influencers and beauty experts frequently share their skincare routines and product recommendations, bolstering the market growth.
- Advancements in skincare technology:
Innovations in delivery systems and formulations have enhanced the efficacy and appeal of cosmeceutical products. For example, nanotechnology allows for the creation of smaller, more stable molecules that can penetrate the skin more effectively, delivering active ingredients deeper into the dermis. This leads to improved product performance and faster visible results.
Moreover, the development of new active ingredients and improved combinations of existing ones have expanded the range of benefits that cosmeceuticals can offer, from anti-aging and hydration to brightening and acne treatment. High-tech devices, such as microcurrent facial tools and light-emitting diode (LED) light therapy, often used in conjunction with cosmeceutical products, also enhance their effectiveness and attract tech-savvy consumers looking for advanced skincare solutions, aiding the market expansion.
- The rising popularity of natural and organic ingredients:
Consumers are increasingly seeking products that align with their health-conscious and environmentally friendly lifestyles. The demand for clean beauty products, free from harmful chemicals and synthetic ingredients, is on the rise. Natural ingredients, such as botanical extracts, essential oils, and marine derivatives, are favored for their perceived safety and gentle yet effective properties.
Furthermore, consumers are more informed about the potential adverse effects of certain synthetic ingredients, leading to a preference for natural alternatives. Brands are responding to this demand by formulating cosmeceuticals with high concentrations of natural and organic ingredients, often highlighting their sustainable sourcing and ethical production processes supporting the market demand.
Cosmeceuticals Market Report Segmentation:
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
On the basis of product type, the market is segmented into skincare, hair care, lip care, and oral care.
By Ingredient Type:
- Antioxidants
- Sunscreens
- Botanicals
- Peptides and Proteins
- Exfoliants
- Moisturizers
- Retinoids
- Others
Based on the ingredient type, the market is classified into antioxidants, sunscreens, botanicals, peptides and proteins, exfoliants, moisturizers, retinoids, and others.
By Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
- Others
On the basis of the supermarkets and hypermarkets, convenience stores, specialty stores, online stores, and others.
Regional Insights:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Based on the region, the market is segregated into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa
Competitive Landscape with Key Players:
The competitive landscape of the cosmeceuticals market size 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
Unilever PLC
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Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
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.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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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