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Global Cosmeceuticals Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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  • 147 Pages
  • November 2023
  • Region: Global
  • IMARC Group
  • ID: 5912048

Quick Summary:

In the dynamic world of beauty and healthcare, the global cosmeceuticals market stands at the forefront of innovation, blending the cosmetic and pharmaceutical fields to deliver products that not only enhance appearance but also foster skin health. Leaders in this sector continuously compete to capture the discerning attention of consumers seeking efficacious solutions for their skin concerns. This comprehensive market research report offers in-depth insights into the flourishing cosmeceuticals market, serving as an indispensable tool for senior business executives looking to make informed decisions and capitalize on emerging opportunities.

With a spotlight on cutting-edge products ranging from anti-aging treatments to specialized hair care solutions, this report dissects the market trends steering consumer preferences toward high-quality, active ingredients that promise tangible results. It delves into the ascent of organic and scientifically-backed offerings, details the strategic use of distribution channels, and assesses the competitive landscape across various regions. Executives will gain an understanding of the market’s structure, key players, and the driving factors that promise continued growth and evolution within the cosmeceuticals industry.

The global cosmeceuticals market size reached US$ 54.0 Billion in 2022. Looking forward, the market is expected to reach US$ 85.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7.90% during 2022-2028.

Cosmeceutical refers to topical cosmetic and pharmaceutical products enriched with biologically active ingredients to improve the quality of the skin. They are also highly effective in repairing damaged skin cells. Some of the commonly used cosmeceuticals include lip care, hair care, skincare and teeth whitening products, injectables and ointments. They are a rich source of antioxidants, retinol, vitamin B, C and E, alpha-lipoic acid, hyaluronic acid and polyphenols, which aid in cleansing, beautifying and cellular replenishment. These products also protect the skin from air pollution, exposure solar and ultraviolet radiation (UV) and reversing the signs of aging.

Cosmeceuticals Market Trends

The increasing prevalence of skin-related complications, such as hyperpigmentation, cellulite development, acne and pore inflammation, is one of the key factors driving the growth of the cosmeceuticals market. Furthermore, rising health consciousness and consumer preference for topical skincare products to heal wounds and repair skin damage caused by prolonged exposure to the sun is providing a thrust to the market growth. There is a growing inclination among the masses to maintain a youthful appearance, thereby resulting in the widespread adoption of cosmeceutical products enriched with essential oils and extracts of superior quality. This, in turn, is creating a positive outlook for the market.

Various product innovations, such as the development of organic and natural cosmeceuticals, are acting as other growth-inducing factors. Manufacturers are also creating moisturizers, sunscreens, wrinkles and acne reducers and nail care products with bio-active ingredients that have higher efficacy and long-lasting results. Other factors, including rising expenditure capacities of the consumers, along with extensive research and development (R&D) to develop nanoparticles for skin treatment at a molecular level, are anticipated to drive the market further.

Key Market Segmentation

This research provides an analysis of the key trends in each sub-segment of the global cosmeceuticals market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on product type, ingredient type and distribution channel.

Breakup by Product Type:

  • Skin Care
  • Anti-Aging
  • Anti-Acne
  • Sun Protection
  • Moisturizers
  • Hair Care
  • Shampoos and Conditioners
  • Hair Colorants and Dyes
  • Lip Care
  • Oral Care

Breakup by Ingredient Type:

  • Antioxidants
  • Sunscreens
  • Botanicals
  • Peptides and Proteins
  • Exfoliants
  • Moisturizers
  • Retinoids

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Stores

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Latin America
  • Brazil
  • Mexico
  • Middle East and Africa

Competitive Landscape

  • The report has also analysed the competitive landscape of the market with some of the key players being Amway Corporation (Alticor), Avon Products, Inc. (Natura & Co.), Beiersdorf AG (Maxingvest ag), Croda International Plc, Estée Lauder Companies, Johnson & Johnson Services, Inc., L'Oréal S.A., Procter & Gamble Company, Shiseido Company Limited and Unilever PLC.

Key Questions Answered in This Report:

  • How has the global cosmeceuticals market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global cosmeceuticals market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the ingredient type?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global cosmeceuticals market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Cosmeceuticals Market

What is the estimated value of the Global Cosmeceuticals Market?

The Global Cosmeceuticals Market was estimated to be valued at $54 Billion in 2022.

What is the growth rate of the Global Cosmeceuticals Market?

The growth rate of the Global Cosmeceuticals Market is 7.9%, with an estimated value of $85.2 Billion by 2028.

What is the forecasted size of the Global Cosmeceuticals Market?

The Global Cosmeceuticals Market is estimated to be worth $85.2 Billion by 2028.

Who are the key companies in the Global Cosmeceuticals Market?

Key companies in the Global Cosmeceuticals Market include Abbott Laboratories, Alafair Biosciences Inc., AxoGen Inc., Baxter International Inc., Boston Scientific Corporation, Collagen Matrix Inc., Integra Lifesciences Corporation, Medtronic plc, Polyganics BV and Soterix Medical Inc..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Cosmeceuticals market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Skin Care
6.1.1 Market Trends
6.1.2 Major Types Anti-Aging Anti-Acne Sun Protection Moisturizers Others
6.1.3 Market Forecast
6.2 Hair Care
6.2.1 Market Trends
6.2.2 Major Types Shampoos and Conditioners Hair Colorants and Dyes Others
6.2.3 Market Forecast
6.3 Lip Care
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Oral Care
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Ingredient Type
7.1 Antioxidants
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Sunscreens
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Botanicals
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Peptides and Proteins
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Exfoliants
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Moisturizers
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Retinoids
7.7.1 Market Trends
7.7.2 Market Forecast
7.8 Others
7.8.1 Market Trends
7.8.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Supermarkets and Hypermarkets
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Convenience Stores
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Specialty Stores
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Online Stores
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States Market Trends Market Forecast
9.1.2 Canada Market Trends Market Forecast
9.2 Asia Pacific
9.2.1 China Market Trends Market Forecast
9.2.2 Japan Market Trends Market Forecast
9.2.3 India Market Trends Market Forecast
9.2.4 South Korea Market Trends Market Forecast
9.2.5 Australia Market Trends Market Forecast
9.2.6 Indonesia Market Trends Market Forecast
9.2.7 Others Market Trends Market Forecast
9.3 Europe
9.3.1 Germany Market Trends Market Forecast
9.3.2 France Market Trends Market Forecast
9.3.3 United Kingdom Market Trends Market Forecast
9.3.4 Italy Market Trends Market Forecast
9.3.5 Spain Market Trends Market Forecast
9.3.6 Russia Market Trends Market Forecast
9.3.7 Others Market Trends Market Forecast
9.4 Latin America
9.4.1 Brazil Market Trends Market Forecast
9.4.2 Mexico Market Trends Market Forecast
9.4.3 Others Market Trends Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Amway Corporation (Alticor) Company Overview Product Portfolio SWOT Analysis
14.3.2 Avon Products, Inc. (Natura & Co.) Company Overview Product Portfolio
14.3.3 Beiersdorf AG (Maxingvest ag) Company Overview Product Portfolio Financials SWOT Analysis
14.3.4 Croda International Plc Company Overview Product Portfolio Financials SWOT Analysis
14.3.5 Estée Lauder Companies Company Overview Product Portfolio Financials SWOT Analysis
14.3.6 Johnson & Johnson Services, Inc. Company Overview Product Portfolio Financials SWOT Analysis
14.3.7 L'Oréal S.A. Company Overview Product Portfolio Financials SWOT Analysis
14.3.8 Procter & Gamble Company Company Overview Product Portfolio Financials SWOT Analysis
14.3.9 Shiseido Company Limited Company Overview Product Portfolio Financials SWOT Analysis
14.3.10 Unilever PLC Company Overview Product Portfolio Financials

Companies Mentioned

  • Amway Corporation (Alticor)
  • Avon Products Inc. (Natura & Co.)
  • Beiersdorf AG (Maxingvest ag)
  • Croda International Plc
  • Estée Lauder Companies
  • Johnson & Johnson Services Inc.
  • L'Oréal S.A.
  • Procter & Gamble Company
  • Shiseido Company Limited
  • Unilever PLC