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Global Cosmeceuticals Market: Venture into Next-Gen Skincare with Growth Predicted at 9.0% CAGR, Propelled by Non-Invasive Treatments & Personalization
Global Cosmeceuticals Market
Unfolding rich prospects with a market size forecast to reach $92.2 billion in 2029, the global cosmeceuticals market strides onward. Key drivers include rising health and wellness trends, men's skincare growth, digitalization, personalization and data transparency.
What Is The Projected Market Size Of The Global Cosmeceuticals Market And Its Growth Rate?
The cosmeceuticals market is witnessing potent growth:
•Current Size: $60.65 billion in 2024
•Expectation for 2025: Growth to $65.29 billion (7.7% CAGR)
•Forecast for 2029: Reaching $92.2 billion (9.0% CAGR)
The trends shaping this robust expansion include the rise of non-invasive beauty treatments, men's grooming and skincare, digitalization in skincare, personalized skincare and the clean beauty movement.
What Is Driving The Growth In The Cosmeceuticals Market?
The increase in the prevalence of skin disorders is a core propellant of the cosmeceuticals market growth. Skincare products with bioactive ingredients provide therapeutic benefits and complement the treatment of various skin disorders such as photo-tanning, pigmentation disorders, and more. The US, for instance, forecasts around 97,610 new melanomas to be diagnosed in 2023, while psoriasis affects 125 million people globally - boosting the demand for curative cosmetics and driving market expansion.
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Who Are The Key Players Driving Cosmeceuticals Market Growth?
•BASF SE
•Johnson & Johnson
•LVMH (Moët Hennessy Louis Vuitton)
•Givenchy
•The Procter & Gamble Company
•Unilever Plc
•L'Oréal S.A.
•Henkel AG & Co. KGaA
•The Estée Lauder Companies Inc.
•Chanel LTD
•Allergan plc
•Beiersdorf AG
•Shiseido Company Limited
•Natura &Co S.A
•Coty Inc.
•Amorepacific Corporation
•Avon Products Inc.
•Clarins
•Revlon Inc.
•Croda International plc
•Elementis plc
•Lady Burd
•Sabinsa Corporation
•Nardo's Naturals
•SBLC Cosmetics GmbH
•Mineral Mine
What Are The Key Trends In The Cosmeceuticals Market?
Evolution of cosmeceuticals appears to be on a fast track, with emerging trends shaping the future market:
•Increasing transparency and traceability
•Emergence of nutricosmetics
•Hybrid skincare-beauty products
•Microbiome-friendly products
What Are The Segments Of The Global Cosmeceuticals Market?
1) By Product Type: Skincare, Haircare, Injectable, Oral Care, Other Product Types
2) By Ingredients: Proteins, Antioxidants, Vitamins, Metals, Ceramides, Peptides, Amines, Acids, Exfoliants, Other Ingredients
3) By Distribution Channel: Supermarket, Pharmacy, Drug Stores, Beauty Salon, Online Retailing Store, Other Distribution Channels
Which Region Leads The Cosmeceuticals Market?
The largest contributor to the cosmeceuticals market in 2024 was Asia-Pacific, which is also expected to be the fastest-growing region in the forecast period. The report covers multiple regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Cosmeceuticals Market Global Market Report?
- Market Size Analysis: Analyze the Cosmeceuticals Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cosmeceuticals Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cosmeceuticals Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cosmeceuticals Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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Janssen Cosmetics
Dermelect
Osmotics
AWE Cosmeceuticals
Christina
Advanced Cosmeceuticals
Hale Cosmeceuticals
Newport Cosmeceuticals
Sabinsa Corporation
United Cosmeceuticals GmbH
Cosmeceuticals International
PCCA…
