Cosmeceuticals has become the fastest growing segment of the Cosmetics and Personal Care Industry. These products are described as cosmetic products with drug-like benefits and are the recent addition to the Cosmetics Industry. With the growing fascination among people to look young, global population's increasing median age, cosmeceuticals product market is growing at a significant rate. Advancements in technology and emergence of new ingredients have further contributed to the progress in the commercialization of cosmeceutical products worldwide. In 2011, the market was estimated to reach US$ 30.5 Billion and is likely to augment at a rapid pace in the coming years growing at a CAGR of around 7.7% during 2012-2016.
According to our new research report, "Global Cosmeceuticals Market Outlook 2016", the global cosmeceutical market offers huge potential among the Asian countries, such as Japan, China, and India, which are set to attract major players in future. Though the market is at nascent stage in the developing countries, such as India and China, there remains a large untapped population, with the desire to look young and fair. Japan has already made a niche mark in the global cosmetics market and its position in the cosmeceutical segment is effectively improving.
As per our research findings, skin care and hair care represents major segments in the global cosmeceuticals market. In addition to this, tooth whitening, lip protection, etc are also emerging as key segments with significant growth. Our report covers an in-depth analysis in all the major segments and their sub-segments with key developments taking place at global level. In addition, research into new ingredients, such as stem cell and peptides for skincare-based cosmetics is anticipated to alter the market dominance in the days to come.
Our report, "Global Cosmeceuticals Market Outlook 2016", provides extensive information and rational analysis of the global cosmeceutical market. The report also offers an insight into the key market trends prevailing at the regional level to provide an overview of developments taking place in these segments across the world. It also covers the key cosmeceutical ingredients including antioxidant, enzymes, proteins & peptides, and botanical actives. Thorough analysis has been conducted on the key strategies of various cosmetic players that will help the client to have an understanding of the competitors in the global Cosmeceutical Industry. Overall, the report is likely to provide clients with an optimum source of knowledge and statistics related to cosmeceuticals market worldwide.