Rising Prevalence Of Skin Disorders Drives Growth In The Cosmeceuticals Market Emerges as a Core Driver of the Cosmeceuticals Market in 2025

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What Is the Expected CAGR for the Cosmeceuticals Market Through 2025?
In the past few years, there has been robust growth in the cosmeceuticals market size. The value of the market is projected to increase from $60.65 billion in 2024 to $65.29 billion in 2025, indicating a compound annual growth rate (CAGR) of 7.7%. Factors attributable to this growth during the historic period include an aging demographic, advancements in scientific research, an upsurge in disposable income, health and wellness trend, and changes in governing laws.

What's the Projected Size of the Global Cosmeceuticals Market by 2029?
Substantial expansion is anticipated in the cosmeceuticals market size in the foroming years. The market is projected to surge to $92.2 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 9.0%. The growth trajectory in the forecast period can be linked to the emergence of non-invasive aesthetic procedures, a surge in men's skincare habits, digitization in skincare practices, personalized skincare advancement, and the inclination towards clean beauty. Dominating trends during the forecast period are anticipated to be the use of -derived constituents, enhancement in transparency and traceability, the popularity of nutricosmetics, integration of skincare-beauty products, and the advent of microbiome-friendly products.

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Top Growth Drivers in the Cosmeceuticals Industry: What's Accelerating the Market?
The growth of the cosmeceuticals market is anticipated to be driven by the rising prevalence of skin disorders. These disorders, which impact the skin's appearance, texture, structure, and overall health, are on the rise. Cosmeceuticals, skincare products incorporating bioactive ingredients, provide therapeutic benefits and are increasingly being used to the treatment for various skin conditions, including photo-melanosis, photo-tanning, and pigmentation disorders like melasma or freckles. To illustrate, the American Cancer Society, a voluntary health organization based in the US, published a report in January 2023 stating that while melanoma accounts for only 1% of skin cancers, it is the cause of the majority of skin cancer-related deaths. The report estimated that about 97,610 new cases of melanoma (58,120 in men and 39,490 in women) would be diagnosed in 2023, with an expected death toll of around 7,990. Additionally, the National Psoriasis Foundation, a non-profit organization in the US dedicated to assisting those with psoriasis and psoriatic arthritis, reported in December 2022 that psoriasis affects 125 million individuals worldwide, representing 2 to 3 percent of the global population. Consequently, the escalating prevalence of skin disorders is likely to fuel the growth of the cosmeceuticals market.

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What Trends Will Shape the Cosmeceuticals Market Through 2029 and Beyond?
Technological progress is an emerging trend in the cosmeceuticals market. Firms in this sector are incorporating new technologies to maintain market dominance. For instance, Merck KGaA, a pharmaceutical company headquartered in Germany, introduced RonaCare Baobab and RonaCare Hibiscus in February 2022. These ground-breaking cosmetic ingredients are ethically derived from the nutrient-dense superfoods, baobab fruit and hibiscus flower, and are an excellent addition to a variety of topical applications, ranging from everyday skincare to dermocosmetics. RonaCare Baobab works to safeguard vital skin matrix components like elastin and collagen, reducing irritation, while RonaCare Hibiscus calms sensitive skin, protects against oxidative stress, augments skin cell vitality, and prevents collagen breakdown, thereby contributing to healthier, more durable skin.

What Are the Main Segments in the Cosmeceuticals Market?
The cosmeceuticals market covered in this report is segmented -

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: Super market, Pharmacy, Drug Stores, Beauty Salon, Online Retailing Store, Other Distribution Channels

Subsegments:
1) By Skincare: Anti-Aging Products, Moisturizers, Sunscreens, Acne Treatments, Exfoliants
2) By Haircare: Hair Growth Products, Anti-Dandruff Treatments, Conditioners And Masks, Hair Styling Products
3) By Injectable: Botulinum Toxin, Dermal Fillers, Other Injectables
4) By Oral Care: Whitening Products, Anti-Cavity Treatments, Gum Health Products
5) By Other Product Types: Body Care Products, Foot Care Products, Nail Care Products, Men's Grooming Products

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Which Top Companies are Driving Growth in the Cosmeceuticals Market?
Major companies operating in the cosmeceuticals market include 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

Which Regions Will Dominate the Cosmeceuticals Market Through 2029?
Asia-Pacific was the largest region in the cosmeceuticals market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cosmeceuticals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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