Cosmeceuticals Market Size is expected to reach $19190 Million by 2027
The global Cosmeceuticals market size is projected to reach US$ 19190 million by 2027, from US$ 13060 million in 2020, at a CAGR of 5.6% during 2021-2027. Cosmeceuticals are cosmetic products claimed to have medicinal or drug-like benefits. It is marketed as cosmetics but reputedly contains biologically active ingredients.Inquire for Sample Report: https://reports.valuates.com/request/sample/QYRE-Auto-070/Global_Cosmeceuticals_Market
The rise in the aging population and increasing consumer consciousness about appearance is driving the growth of cosmeceuticals Market size. The market for cosmeceuticals items has increased significantly as a result of the rise in consumer fascination with maintaining a youthful appearance. Drug manufacturers are focusing on preventing premature aging early on by developing better anti-aging drugs and thereby expanding their consumer base.
Technological advancements have led to the development of new active cosmeceuticals ingredients, which is expected to fuel the growth of the cosmeceuticals market size. Nanotechnology and plant stem cell technology is expected to be adopted by manufacturers for the development of new active ingredients. Nanotechnology-based cosmeceuticals provide improved bioavailability of active ingredients.
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Global giant manufacturers mainly distributed in the U.S. and E.U. The manufacturers in the U.S. have a long history and unshakable status in this field. Manufacturers such as AmorePacific, Estée Lauder and L’Oreal have a relatively higher level of product’s quality.
Many companies have several plants, usually, located in the place close to aimed consumption region. There are international companies set up factories in China either. Some companies usually take a joint venture to enter into aim market.
This report focuses on the global Cosmeceuticals status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cosmeceuticals development in United States, Europe and China.
Major Players in the Cosmeceuticals Market
o P&G
o Shiseido
o Unilever
o Beiersdorf
o L’Oreal
o Johnson & Johnson
o Estée Lauder
o Allergan
o AmorePacific
Cosmeceuticals Market by Type
o Skin Care
o Hair Care
o Injectables
o Others
Cosmeceuticals Market by Application
o Specialty Stores
o Hypermarkets, Supermarkets, and Convenience o Stores
o Drugstores
o Others
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