Cosmeceuticals Market By Product Type, Distribution Channel, Material, Ingredient and Growth Forecast to 2030

The global cosmeceuticals market is projected to showcase a strong growth during the forecast period (2021–2030), on account of increasing consumer awareness about cosmetics, and ageing population creating high demand for anti-ageing products. Additionally, the growing adoption for cosmetics with natural ingredients and rising consumer spending in developing economies, such as China, India, and Brazil, are expected to augment the growth of the market in future.

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The cosmeceuticals market is categorized into skin care, hair care, oral care, and others, on the basis of product type. Among these, the skin care category is expected to account for a significant market share in coming years. This can be ascribed to the maximum exposure of the skin to harmful ultraviolet radiation. This may lead to premature ageing, owing to which the adoption of skin care products has been witnessing a high demand. Moreover, the demand for cosmetics, such as sun blockers, moisturizers, and creams, for sun protection has been at a rise.

Geographically, the Asia-Pacific (APAC) cosmeceuticals market is expected to hold the largest share in coming years. This can be ascribed to the increasing consumer spending and rising disposable income, which are creating a high-volume demand for cosmetics in countries such as China, India, Thailand, Indonesia, and South Korea. Additionally, deteriorating environmental condition is leading the concerns to improve skin conditions in polluted cities of China and India. Owing to such factors, the demand for cosmeceuticals is projected to increase in the region, which, in turn, boosting the market growth during the forecast period.

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Market Size Breakdown by Segments

Based on Product Type
Skin Care
Hair Care
Oral Care

Based on Distribution Channel
Supermarkets & Specialty Stores
Online Platforms

Based on Material
Natural
Synthetic

Based on Ingredient
Anti-Oxidants
Sunscreens
Botanicals
Peptides & Proteins
Exfoliants
Moisturizers
Retinoids

Geographical Analysis
North America
U.S.
Canada

Europe
Germany
France
U.K.
Italy
Spain

Asia-Pacific (APAC)
China
India
Japan
South Korea

Latin America (LATAM)
Brazil
Mexico

Middle East and Africa (MEA)
South Africa
Saudi Arabia

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