Global Cosmeceuticals Market A $87.5 Billion Industry Opportunity by 2028|Johnson & Johnson (US), Procter & Gamble (US), L'Oréal (France)

Market Overview:
The global Cosmeceuticals Market was valued at USD 55.2 billion in 2021 and is expected to reach USD 87.5 billion by the year 2028, at a CAGR of 6.8%.

Cosmeceuticals are products that have both cosmetic and medicinal properties. Cosmeceuticals are frequently used by rubbing the product on the skin and contain significant concentrations of active substances like hyaluronic acid and vitamin C. They can be used to get rid of wrinkles, lessen aging symptoms, repair scars, stop acne, maintain moisture in the skin, and even act as sunscreens.

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Market Dynamics:
Driver:
Manufacturers are placing more emphasis on the packaging because it is essential for maintaining the product's quality, color, texture, therapeutic advantages, and shelf life. They are concentrating on extending their geographic reach through corporate mergers and acquisitions. Since the FDA review procedure for medications may be very expensive and may not result in a product that can be sold legally if the FDA rejects the product's application, it is generally to the financial advantage of the cosmetics company that their goods are not regulated by the FDA as drugs. However, as previously indicated, if a buyer mistakenly believes that a "cosmeceutical" is regulated to the same FDA criteria as a medicine, the reputation of the product may be fraudulently elevated.

Opportunities:
On 6 September 2022, Schwan Cosmetics and Sulapac launched its first colored lip liner and eye pencils with sustainable and biodegradable biomaterials named The Better Barrel. To meet the market demand for eco-friendly makeup products without sacrificing performance, quality, or style. As technology advances and cosmeceuticals continue to become more sophisticated and more widely used, the medical profession must continue to take an active role in familiarizing themselves with these products and in educating patients about the benefits and risks of cosmeceuticals.

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Market Segmentation For Cosmeceuticals:
Depending on active ingredients, the antioxidant segment is forecasted to have the highest share of the cosmeceuticals market. Antioxidants have emerged as the largest category of active cosmeceutical ingredients incorporated into both topical and ingestible formulations and are expected to maintain this position for the foreseeable future.

Depending on product type, the skin care segment is expected to have the highest share of the cosmeceuticals market during the projected timeframe. The appearance of facial skin plays an important role in boosting the morale of an individual. Millennials as well as Gen Z are more concerned about their social media looks and are the main users of skin care cosmeceutical products.

Depending on the distribution channel, the online segment is anticipated to dominate throughout the analysis. Online purchasing opens up wide collections of cosmeceutical products from different brands, stores, and countries. Various offers are applicable while shopping online thus, individuals can save on their expenditure. With online shopping, one can go through the ingredients and choose the right product for their skin condition.

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By Type
• Anti-Oxidants
• Botanicals
• Exfoliants
• Others

By Product Type
• Skincare
• Haircare
• Oral Care
• Others

By Distribution Channels
• Pharmacy & Drug Stores
• Supermarkets & Hypermarkets
• Online
• Others

Regional Analysis of Cosmeceuticals Market:
The Asia-Pacific region is anticipated to have the highest share of the cosmeceuticals market throughout the forecast period attributed to a large number of millennials and the Gen Z population. Moreover, rise in the disposable income and the growing awareness about the benefits of cosmeceuticals has stimulated the usage of personal care products. Market players are targeting the younger and millennial population in this region, and are making endorsements with social media influencers for advertising their products. The rise in the women working population has also boosted the sales of cosmeceuticals in this region thus, driving the development of the market in this region.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Players Covered in Cosmeceuticals market are :
• Johnson & Johnson (US)
• Procter & Gamble (US)
• Sabinsa Corporation (US)
• L'Oréal (France)
• Allergan (Ireland)
• AVON (UK)
• Estee Lauder (US)
• Unilever (UK)
• Beiersdorf (Germany)
• Croda International Plc. (UK)
• BASF SE (Germany)
• Bayer AG (Germany)
• Symrise AG (Germany) and other major players.

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Recent Industry Developments in Cosmeceuticals Market:
In November 2021, P&G acquired Farmacy to expand its portfolio in vegan-based beauty products. This acquisition will add a full line of prestigious products that deliver natural skincare solutions to P&G's product portfolio.
In July 2021, Unilever announced it has signed an agreement to acquire leading digital-led skincare brand Paula's Choice from TA Associates. Paula's Choice is a pioneer of science-backed products and direct-to-consumer (DTC) e-commerce.

Report includes Competitor's Landscape:
• Major trends and growth projections by region and country
• Key winning strategies followed by the competitors
• Who are the key competitors in this industry?
• What shall be the potential of this industry over the forecast tenure?
• What are the factors propelling the demand for the Action Figures And Statues?
• What are the opportunities that shall aid in significant proliferation of the market growth?
• What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures And Statues?
• How has the covid-19 impacted the growth of the market?
• Has the supply chain disruption caused changes in the entire value chain?

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