Cosmeceuticals Market Size and Growth Rate:
According to the latest reports published by Research Cosmos, Cosmeceuticals Market was valued at USD 38.6 Billion in 2016 and projected to reach USD 84.8 Billion by 2025 growing at a CAGR of 8.6% during the forecast period 2016 to 2025.
Cosmeceuticals Market Overview:
Any cosmetic substances that possess medical benefits that effects when used are known as Cosmeceuticals. There are several kids of end products such as tooth whitening, injectable, skin care, hair care and lip care. Over the past few years, cosmeceuticals are gaining attention due to their effectiveness in beauty care. Peptides, Moisturizers, proteins, antioxidants, and botanicals are used as fundamental ingredients in manufacturing of Cosmeceuticals.
Cosmeceuticals Market – Growth Drivers and Restraints:
Global Cosmeceuticals Market is estimated to grow in forecasted period owing to supporting factors such as increasing concern towards physical appearance among people around the world, increased number of middle aged as well as elderly aged population, ongoing urbanization, and availability of cosmeceuticals to people. Affordability in developing regions and awareness towards benefits of cosmeceuticals are also predicted to be market driving factors. However, factors like concern over side effects, and regulatory policies restricting usage of harmful substances in cosmeceuticals are expected to be minor restraints of the market.
Cosmeceuticals Market – Geographical Overview:
Based on geography, the Global Cosmeceuticals Market is primarily segmented into Europe, North America, Latin America, Middle East & Africa and Asia Pacific. North America region is estimated to be leading the world market. Europe region is trailing right behind North America in terms of market share. In addition, Asia Pacific region is estimated to grow at quicker pace in following years with highest CAGR value due to the presence of major economies such as China and India. China is leading the market in Asia Pacific region.
Some of the promising companies leading the Cosmeceuticals Market are:
- Unilever Group
- Procter & Gamble
- Allergan Inc.
- BASF SE
- Arch Chemicals
- Croda International
This research report includes following segmentation for the Cosmeceuticals Market size and forecast until 2025:
Cosmeceuticals Market – By Product:
- Hair Care
- Skin Care
- Lip Care
- Teeth Whitening
- Injectable Solutions
Cosmeceuticals Market – By Ingredient:
Cosmeceuticals Market – By Geographical Segmentation:
- North America
- United Kingdom
- South Korea
- Latin America
- Middle-East & Africa