Global cosmeceuticals market outlook Driving Factors, Key Players and Growth Opportunities by 2026

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.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. 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.)
Unilever
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
Anti-Ageing
Anti-Acne
Sun Protection
Moisturizers
Others

Hair Care
Shampoos and Conditioners
Hair Colorants and Dyes
Others

Lip Care
Oral Care

Breakup by Ingredient Type:

Antioxidants
Sunscreens
Botanicals
Peptides and Proteins
Exfoliants
Moisturizers
Retinoids
Others

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Convenience Stores
Specialist Stores
Online Stores
Others

Breakup by Region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

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Key Highlights of the Report:

Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
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.

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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.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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This release was published on openPR.