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Global Cosmeceuticals Market Forecast to 2028 - Increasing Demand of Anti-ageing Products is Driving Growth
Global Cosmeceuticals Market
Dublin, June 08, 2022 (GLOBE NEWSWIRE) -- The "Global Cosmeceuticals Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Active Ingredient, Distribution Channel, and Product" report has been added to ResearchAndMarkets.com's offering.
The cosmeceuticals market size is projected to reach US$ 81.75 billion by 2028 from US$ 45.91 billion in 2021; it is estimated to grow at a CAGR of 8.6% from 2021 to 2028.
Cosmeceuticals are cosmetic formulations enriched with bioactive compounds purported to have therapeutic benefits. They form a bridge between pharmaceutical- and cosmetic-grade bioactive compounds. The aging population and growing consumer awareness are driving the market growth.
The market growth is driven by the rising consumer interest in natural and nutrient-rich products for health and beauty concerns. The aging population, increasing consumer spending, and rising beauty consciousness are driving the demand for antiaging products. It has been observed that the demand is high among the people from the age group 30-45. Longer lives of people due to advancements in healthcare across the world are driving a will among them to retain a youthful appearance for long period. Thus, antiaging products are high in demand to prevent hair damage, age spots, uneven skin tone, dry skin, and wrinkles. The rise in the consumer demand for antiaging solutions, with the increase in lifestyle standards and income levels, is the major factor driving the growth of the cosmeceuticals market.
The rising male grooming industry is another key growth promoter in the cosmeceuticals market. The demand for antiaging and acne-control cosmeceuticals is growing among males. However, the lack of proper regulatory frameworks and health claim specifications hinder the reach of these products to health-savvy populations.
For instance, the Federal Food, Drug, and Cosmetic Act (FD&C Act) in the US does not recognize the term cosmeceutical, and these products are included under the cosmetics category. The regulatory system for cosmeceuticals products is complex and not stringent as compared to drugs. Most of the time, newly launched products are susceptible to the uncertainty of regulatory review, which leads to the introduction of counterfeit goods, which hampers the credibility of legit cosmeceuticals. Moreover, the evolution of nutricosmetics and the rising popularity of the beauty-from-within categories may limit the cosmeceuticals market growth.
The ongoing COVID-19 pandemic has contributed significantly to the surge of online retail worldwide, thereby propelling the demand of the cosmeceutical products.
The cosmeceuticals market has a highly fragmented vendor landscape due to the presence of large, medium, and small-scale players in the market. Out of the various strategic alliances formed by players in the cosmeceuticals market to hold sizeable stakes, capitalizing on the emerging opportunities and acquiring latest technologies as well as patents have gained maximum popularity. The rising focus on R&D is intensifying the level of competition among leading vendors. The cosmeceuticals market is expected to grow steadily due to the presence of highly established players that are concentrating on improving their product quality, facilitating product differentiation, and enhancing geographic reach.
By active ingredient, the cosmeceuticals market is segmented into antioxidants, peptides and proteins, exfoliants, retinoids, botanicals, and others. The antioxidants segment held the largest market share in 2021 and is anticipated to register the highest CAGR in the market during the forecast period.
By product, the cosmeceuticals market is segmented into skin care, hair care, oral care, and others. The skin care segment held the largest share of the market in 2021. Moreover, it is anticipated to register the highest CAGR in the market during the forecast period.
Key Topics Covered:
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Cosmeceuticals Market - Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 Middle East And Africa PEST Analysis
4.2.5 South And Central America PEST Analysis
4.3 Experts Opinion
5. Cosmeceuticals Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand of Anti-ageing Products
5.1.2 Paradigm Shift to Male Grooming Products
5.2 Market Restraints
5.2.1 Effect of COVID-19 Pandemic
5.2.2 Stringent Regulatory Approvals
5.3 Market Opportunities
5.3.1 Development Opportunities in Emerging Countries
5.4 Future Trends
5.4.1 Enhanced Blue Light Protection
5.5 Impact Analysis
5.6 Opportunities for Contract Research (CR)
5.7 Opportunities for Supplies of Consumables
6. Cosmeceuticals Market - Global Analysis
6.1 Global Cosmeceuticals Market Revenue Forecast and Analysis
6.2 Global Cosmeceuticals Market, By Geography - Forecast and Analysis
6.3 Market Positioning of Key Players
7. Global Cosmeceuticals Market Revenue and Forecasts To 2028 - by Active Ingredient
7.1 Overview
7.2 Global Cosmeceuticals Market, By Active Ingredients, 2021 & 2028 (%)
7.3 Antioxidants
7.3.1 Overview
7.3.2 Antioxidants: Cosmeceuticals Market Revenue and Forecasts to 2028 (US$ Million)
7.4 Peptides and Proteins
7.4.1 Overview
7.4.2 Peptides and Proteins: Cosmeceuticals Market Revenue and Forecasts to 2028 (US$ Million)
7.5 Exfoliants
7.5.1 Overview
7.5.2 Exfoliants: Cosmeceuticals Market Revenue and Forecasts to 2028 (US$ Million)
7.6 Retinoids
7.6.1 Overview
7.6.2 Retinoids: Cosmeceuticals Market Revenue and Forecasts to 2028 (US$ Million)
7.7 Botanicals
7.7.1 Overview
7.7.2 Botanicals: Cosmeceuticals Market Revenue and Forecasts to 2028 (US$ Million)
8. Cosmeceuticals Market Revenue and Forecasts To 2028 - Distribution Channel
8.1 Overview
8.2 Global Cosmeceuticals Market Share by Distribution Channel - 2021 & 2028 (%)
8.3 Supermarket/Hypermarket
8.3.1 Overview
8.3.2 Supermarket/Hypermarket: Cosmeceuticals Market Revenue and Forecast to 2028 (US$ Million)
8.4 Online Retail Stores
8.4.1 Overview
8.4.2 Online Retail Stores: Cosmeceuticals Market Revenue and Forecast to 2028 (US$ Million)
8.5 Convenience Stores
8.5.1 Overview
8.5.2 Convenience Stores: Cosmeceuticals Market Revenue and Forecast to 2028 (US$ Million)
8.6 Specialist Stores
8.6.1 Overview
8.6.2 Specialist Stores: Cosmeceuticals Market Revenue and Forecast to 2028 (US$ Million)
9. Cosmeceuticals Market Revenue and Forecasts To 2028 - Products
9.1 Overview
9.2 Global Cosmeceuticals Market Share by Products - 2021 & 2028 (%)
9.3 Skin Care
9.3.1 Overview
9.3.2 Skin Care: Cosmeceuticals Market Revenue and Forecast to 2028 (US$ Million)
9.4 Hair Care
9.4.1 Overview
9.4.2 Hair Care: Cosmeceuticals Market Revenue and Forecast to 2028 (US$ Million)
9.5 Oral Care
9.5.1 Overview
9.5.2 Oral Care: Cosmeceuticals Market Revenue and Forecast to 2028 (US$ Million)
10. Cosmeceuticals Market Revenue and Forecasts to 2028 - Geographical Analysis
11. Impact Of COVID-19 Pandemic on Cosmeceuticals Market
11.1 North America: Impact Assessment of COVID-19 Pandemic
11.2 Europe: Impact Assessment of COVID-19 Pandemic
11.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.5 South and Central America: Impact Assessment of COVID-19 Pandemic
12. Cosmeceuticals Market - Industry Landscape
12.1 Overview
12.2 Growth Strategies Done by the Companies in the Market (%)
12.3 Organic Developments
12.3.1 Overview
12.4 Inorganic Developments
12.4.1 Overview
13. Company Profiles
13.1 L'OREAL GROUP
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Beiersdorf
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Croda International plc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Amway Corp.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Allergan Plc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Unilever
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Procter & Gamble
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Avon Products
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 BASF SE
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Johnson and Johnson Services, Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/gfwgw3
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