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Global Cosmeceuticals Market Analysis & Forecast 2024-2034: Market By Product; By Distribution Channel; and By Region

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    Report

  • 145 Pages
  • October 2023
  • Region: Global
  • Erevna Healthcare
  • ID: 5890389
The global cosmeceuticals market size was estimated to be USD 56.41 billion in 2023 and is expected to reach at USD 154.15 billion by 2034 with a CAGR of 9.57% during the forecast period 2024-2034. Increasing prevalence of skin & hair disorders, growing aging population, rising awareness of dermatological treatment, surge in demand for cosmeceutical products, increasing preference for natural products among population, growing introduction of new products with bio-active ingredients, rising awareness initiatives by government regarding skin & hair health, and surge in launch of new products by leading market players are the major factors fuelling the market growth.

Surge in launch of new products by leading market players is predicted to boost the market growth during the forecast period. Cosmeceuticals are cosmetic preparations that include bioactive elements recognized for their therapeutic advantages. The growing demand for these products can be attributed to the increasing prevalence of skin disorders worldwide and the inclination of dermatologists to prescribe them instead of other treatment modalities. For instance, in May 2022, Shiseido has introduced Ulé, a fresh high-end skincare brand developed by Shiseido in France. The brand's initial release features eight products accessible through its online platform, alongside a Paris-based boutique set to open.

By product, skin care was the highest revenue-grossing segment in the global cosmeceuticals market in 2023 owing to the growing adoption of personal care products, rising awareness regarding skin diseases among population, increasing geriatric population, surge in awareness about anti-aging products, and growing launch of new products. For instance, in March 2022, P&G Ventures has reintroduced Bodewell, a range of skincare products tailored for individuals dealing with conditions like eczema and psoriasis. The updated product line blends effective components like colloidal oatmeal and salicylic acid with necessary hydrating agents and an innovative botanical mixture referred to as BW22. Additionally, injectable is predicted to grow at fastest CAGR during the forecast period owing to the increasing adoption of injectable cosmeceuticals in medical aesthetics and growing demand for botulinum toxin.

By distribution channel, drug store/pharmacy was the highest revenue-grossing segment in the global cosmeceuticals market in 2023 owing to the increasing introduction of advanced products at affordable prices, surge in number of pharmacy/drug stores, and rising initiatives by major market players. in September 2022, ESK, a skincare product range that combines cosmetics and pharmaceuticals with scientific backing, has unveiled its newest innovation, the Ageless dissolving microneedle eye patches. These microneedles aid in the formation of channels in the skin, decreasing the presence of wrinkles, fine lines, hyperpigmentation, the likelihood of acne, and the visibility of scars, while also enhancing the penetration of medications and skincare ingredients. Additionally, online pharmacy is predicted to grow at fastest CAGR during the forecast period owing to the rising preference of online stores among consumers, surge in investment for the development of digital platform by market players, and growing collaborations within market players.

North America region is anticipated for the highest revenue share during the forecast period owing to the surge in prevalence of dermatological disorders, increasing adoption of advanced dermatology products, growing number of dermatological procedures, and rising focus on expansion by market players. For instance, in October 2022, Obagi Cosmeceuticals has moved its corporate headquarters to The Woodlands, Texas, joining the ranks of 32 other businesses that have also relocated and expanded in the area. The company has secured a lease for 16,470 square feet at The Woodlands Towers at The Waterway, which has led to the addition of 522,028 square feet of new office space and the arrival of 2,000 new residents since 2020. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the rising demand for cosmetic skin care, oral care, & hair care products, growing new product launches, increasing investment in digital infrastructure, surge in geriatric population, growing awareness among population, rising acquisition within market players, and growing launch of new products. For instance, in January 2023, Oriflame has introduced its inaugural line of cosmeceutical offerings, known as NovAge Proceuticals, tailored for the Indian market. These products are specially formulated to target distinct skin concerns of customers, offering potent and targeted treatments aimed at delivering visible and substantiated outcomes.

Segmentation: Cosmeceuticals Market Report 2022 - 2033

Cosmeceuticals Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Bn)

Hair Care

  • Anti-Dandruff
  • Hair Growth
  • Others

Injectables

  • Dermal Fillers
  • Botulinum Toxin
  • Others

Skin Care

  • Skin Whitening
  • Anti-Aging
  • Professional Skin Care
  • Sun Protection
  • Anti-Acne
  • Others

Cosmeceuticals Market Analysis & Forecast by Distribution Channel 2023 - 2034 (Revenue USD Bn)

  • Drug Store/Pharmacy
  • Online Pharmacy
  • Others

Cosmeceuticals Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM

Middle East & Africa

  • South Africa
  • GCC
  • Rest of MEA

Table of Contents

1. Research Methodology
1.1. Study Objectives
1.2. Study Scope
1.3. Research Assumptions
1.4. Research Framework
2. Introduction
2.1. Market Definition
2.2. Global Cosmeceuticals Market Overview
3. Executive Summary
4. Market Environment Analysis
4.1. Porter’s 5 Forces Analysis
4.2. PESTEL Analysis
4.3. SWOT Analysis
5. Market Dynamics
5.1. Drivers Analysis
5.2. Restraints Analysis
5.3. Opportunities Analysis
5.4. Threats Analysis
5.5. Trend Analysis
6. COVID-19 Impact Analysis
7. Cosmeceuticals Market: Product Estimates & Trend Analysis
7.1. Product Segment Opportunity Analysis
7.2. Hair Care
7.2.1. Hair Care Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.2.2. Anti-Dandruff
7.2.2.1. Anti-Dandruff Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.2.3. Hair Growth
7.2.3.1. Hair Growth Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.2.4. Others
7.2.4.1. Others Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.3. Injectables
7.3.1. Injectables Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.3.2. Dermal Fillers
7.3.2.1. Dermal Fillers Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.3.3. Botulinum Toxin
7.3.3.1. Botulinum Toxin Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.3.4. Others
7.3.4.1. Others Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.4. Skin Care
7.4.1. Skin Care Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.4.2. Skin Whitening
7.4.2.1. Skin Whitening Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.4.3. Anti-Aging
7.4.3.1. Anti-Aging Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.4.4. Professional Skin Care
7.4.4.1. Professional Skin Care Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.4.5. Sun Protection
7.4.5.1. Sun Protection Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.4.6. Anti-Acne
7.4.6.1. Anti-Acne Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.4.7. Others
7.4.7.1. Others Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
7.5. Others
7.5.1. Others Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
8. Cosmeceuticals Market: Distribution Channel Estimates & Trend Analysis
8.1. Distribution Channel Segment Opportunity Analysis
8.2. Drug Store/Pharmacy
8.2.1. Drug Store/Pharmacy Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
8.3. Online Pharmacy
8.3.1. Online Pharmacy Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
8.4. Others
8.4.1. Others Market Analysis & Forecast, 2023-2034 (Revenue, USD Bn)
9. Regional Market Analysis
9.1. Regional Market Opportunity Analysis
10. North America Cosmeceuticals Market
10.1. North America Cosmeceuticals Market
10.1.1. North America Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
10.1.2. North America Cosmeceuticals Market Size and Forecast, By Country, 2023-2034 (Revenue USD Bn)
10.1.3. North America Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
10.1.4. North America Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
10.2. U.S. Global Cosmeceuticals Market
10.2.1. U.S. Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
10.2.2. U.S. Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
10.2.3. U.S. Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
10.3. Canada Global Cosmeceuticals Market
10.3.1. Canada Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
10.3.2. Canada Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
10.3.3. Canada Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
11. Europe Global Cosmeceuticals Market
11.1. Europe Global Cosmeceuticals Market
11.1.1. Europe Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.1.2. Europe Cosmeceuticals Market Size and Forecast, By Country, 2023-2034 (Revenue USD Bn)
11.1.3. Europe Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
11.1.4. Europe Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
11.2. Germany Global Cosmeceuticals Market
11.2.1. Germany Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.2.2. Germany Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
11.2.3. Germany Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
11.3. UK Global Cosmeceuticals Market
11.3.1. UK Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.3.2. UK Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
11.3.3. UK Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
11.4. France Global Cosmeceuticals Market
11.4.1. France Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.4.2. France Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
11.4.3. France Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
11.5. Spain Global Cosmeceuticals Market
11.5.1. Spain Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.5.2. Spain Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
11.5.3. Spain Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
11.6. Italy Global Cosmeceuticals Market
11.6.1. Italy Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.6.2. Italy Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
11.6.3. Italy Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
11.7. Rest of Europe Global Cosmeceuticals Market
11.7.1. Rest of Europe Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
11.7.2. Rest of Europe Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
11.7.3. Rest of Europe Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
12. Asia Pacific Global Cosmeceuticals Market
12.1. Asia Pacific Global Cosmeceuticals Market
12.1.1. Asia Pacific Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.1.2. Asia Pacific Cosmeceuticals Market Size and Forecast, By Country, 2023-2034 (Revenue USD Bn)
12.1.3. Asia Pacific Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
12.1.4. Asia Pacific Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
12.2. Japan Global Cosmeceuticals Market
12.2.1. Japan Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.2.2. Japan Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
12.2.3. Japan Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
12.3. China Global Cosmeceuticals Market
12.3.1. China Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.3.2. China Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
12.3.3. China Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
12.4. India Global Cosmeceuticals Market
12.4.1. India Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.4.2. India Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
12.4.3. India Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
12.5. South Korea Global Cosmeceuticals Market
12.5.1. South Korea Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.5.2. South Korea Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
12.5.3. South Korea Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
12.6. Australia Global Cosmeceuticals Market
12.6.1. Australia Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.6.2. Australia Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
12.6.3. Australia Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
12.7. Rest of Asia Pacific Global Cosmeceuticals Market
12.7.1. Rest of Asia Pacific Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
12.7.2. Rest of Asia Pacific Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
12.7.3. Rest of Asia Pacific Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
13. Latin America Global Cosmeceuticals Market
13.1. Latin America Global Cosmeceuticals Market
13.1.1. Latin America Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
13.1.2. Latin America Cosmeceuticals Market Size and Forecast, By Country, 2023-2034 (Revenue USD Bn)
13.1.3. Latin America Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
13.1.4. Latin America Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
13.2. Brazil Global Cosmeceuticals Market
13.2.1. Brazil Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
13.2.2. Brazil Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
13.2.3. Brazil Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
13.3. Mexico Global Cosmeceuticals Market
13.3.1. Mexico Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
13.3.2. Mexico Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
13.3.3. Mexico Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
13.4. Argentina Global Cosmeceuticals Market
13.4.1. Argentina Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
13.4.2. Argentina Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
13.4.3. Argentina Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
13.5. Rest of Latin America Global Cosmeceuticals Market
13.5.1. Rest of Latin America Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
13.5.2. Rest of Latin America Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
13.5.3. Rest of Latin America Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
14. MEA Global Cosmeceuticals Market
14.1. MEA Global Cosmeceuticals Market
14.1.1. MEA Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
14.1.2. MEA Cosmeceuticals Market Size and Forecast, By Country, 2023-2034 (Revenue USD Bn)
14.1.3. MEA Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
14.1.4. MEA Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
14.2. GCC Global Cosmeceuticals Market
14.2.1. GCC Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
14.2.2. GCC Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
14.2.3. GCC Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
14.3. South Africa Global Cosmeceuticals Market
14.3.1. South Africa Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
14.3.2. South Africa Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
14.3.3. South Africa Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
14.4. Rest of MEA Global Cosmeceuticals Market
14.4.1. Rest of MEA Cosmeceuticals Market Size and Forecast, 2023-2034 (Revenue USD Bn)
14.4.2. Rest of MEA Cosmeceuticals Market Size and Forecast, By Product, 2023-2034 (Revenue USD Bn)
14.4.3. Rest of MEA Cosmeceuticals Market Size and Forecast, By Distribution Channel, 2023-2034 (Revenue USD Bn)
15. Competitor Analysis
15.1. Company Market Share Analysis, 2023
15.2. Major Recent Developments
16. Company Profiles
16.1. Shiseido Company Limited
16.2. Routinely
16.3. Beiersdorf
16.4. P&G Ventures
16.5. Deciem Beauty Group Inc.
16.6. Estee Lauder Companies Inc.
16.7. Boddess
16.8. L’Oreal
16.9. Elementis Plc
16.10. Allergan
16.11. Unilever
16.12. Avon
16.13. BASF SE
16.14. Clarins
16.15. LVMH
16.16. Johnson & Johnson Services Inc
16.17. Coty Inc
16.18. Croda International Plc.
16.19. Other Prominent Players
17. Conclusion18. Recommendations

Companies Mentioned

  • Shiseido Company Limited
  • Routinely
  • Beiersdorf
  • P&G Ventures
  • Deciem Beauty Group Inc.
  • Estee Lauder Companies Inc.
  • Boddess
  • L’Oreal
  • Elementis Plc
  • Allergan
  • Unilever
  • Avon
  • BASF SE
  • Clarins
  • LVMH
  • Johnson & Johnson Services Inc
  • Coty Inc
  • Croda International Plc.

Table Information