Last Updated on February 20, 2023 by admin
According to IMARC Group’s latest report, titled “Cosmeceuticals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global cosmeceuticals market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Cosmeceuticals are topical cosmetic and pharmaceutical products enriched with biologically active ingredients to enhance skin quality and repair damaged skin cells. Few used cosmeceuticals are skincare, teeth whitening, hair care, and lip care products, along with injectables and ointments. They are rich in antioxidants, vitamin B, C, and E, alpha-lipoic acid, etc. that help in cellular replenishment and clean and beautify the skin. These products also provide protection from air pollution, exposure to solar and UV radiation, and reverse aging signs.
Market Trends and Drivers:
The increasing incidences of skin-related complications primarily augment the cosmeceuticals market growth. Additionally, growing health concerns and consumer preferences towards topical skincare products to heal wounds and repair skin damage due to prolonged sun exposure also drive the product demand. Moreover, the growing inclination towards maintaining a youthful appearance has propelled the adoption of products containing superior quality essential oils and extracts. The advent of organic and natural cosmeceuticals along with variants with bio-active ingredients offering higher efficacy and long-lasting results, also induce the market growth. Furthermore, rising expenditure capacities and extensive research and development (R&D) activities to produce nanoparticles for skin treatment at a molecular level are expected to propel the market growth in the coming years.
Cosmeceuticals Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
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 (Alticor)
- Johnson & Johnson
- Avon Products Inc. (Natura & Co.)
- Croda International Plc.
- Estee Lauder Inc. (The Estee Lauder Companies Inc.)
- L’Oreal S.A.
- Procter & Gamble
- Shiseido Company Limited
- Beiersdorf AG (Maxingvest AG)
Key Market Segmentation:
The report has segmented the cosmeceuticals market on the basis of product type, ingredients type, distribution channel and region.
Breakup by Product Type:
- Skin Care
- Sun Protection
- Hair Care
- Shampoos and Conditioners
- Hair Colorants and Dyes
- Lip Care
- Oral Care
Breakup by Ingredient Type:
- Peptides and Proteins
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialist Stores
- Online Stores
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/cosmeceuticals-market
Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- 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.
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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