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Market Research Report
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959519

Global Cosmeceuticals Market - 2021-2028

Published: | DataM Intelligence | 180 Pages | Delivery time: 2 business days

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Global Cosmeceuticals Market - 2021-2028
Published: August 20, 2021
DataM Intelligence
Content info: 180 Pages
Delivery time: 2 business days
  • Description
  • Table of Contents

Market Overview:

Cosmeceuticals is a class of cosmetic formulations that are enriched with bioactive compounds purported to have therapeutic benefits. Cosmeceuticals formed the bridge between pharmaceutical and cosmetic grade of bioactive compounds to have beneficial effect on skin health and beauty. Vitamins, polyphenols, hydroxyl acids, and melatonin are some of the widely used active ingredients in cosmeceutical formulations. These are designed for topical use as cosmetics and are proven to pose higher impact on human skin over cosmetic products. When applied to the skin, the active ingredients reach deep dermal layers of skin and add nutritional benefits to the tissue. Also, hair cosmeceuticals are developed for improving hair growth and scalp control. The global cosmeceuticals market valued USD YY billion in 2020 and is estimated to reach USD YY billion by 2028, at a CAGR of YY% during the forecast period.

Market Dynamics

Aging population and growing consumer awareness is driving the market growth

The growth of the cosmeceuticals market can be majorly attributable to the rising consumer interest towards natural and nutrition rich products both for health and beauty concerns. Aging population, increasing consumer spending and beauty consciousness are other factors supporting the sales. It has been observed that the demand is high among the people of age group 30-45. Over the past decades, the decreasing mortality rate has given rise to the aging population all over the globe. People living longer and wanting to retain their youthful appearance is positively affecting market growth globally. Demand for anti-aging products to prevent hair damage, age spots, uneven skin tone, dry skin, and wrinkles is on the rise. This, in turn, has created opportunities for new introductions and innovations in the cosmetic industry, thus making the manufacturers focus on active anti-aging-based skin products. The rising male grooming industry is another key growth promoter in the global cosmeceuticals market. The share of male consumers in the dollar sales is likely to increase with growing demand for anti-aging and acne control cosmeceuticals among male population.

However, lack of proper regulatory approvals and health claims is hindering the penetration of these products in health savvy population. For instance, the Federal Food, Drug, and Cosmetic Act (FD&C Act) in the U.S. does not recognized the term cosmeceutical and included these under cosmetics. The regulatory system for cosmeceuticals products is complex and not stringent as compared to drugs. Most of the time, new launched products are susceptible to uncertainty of regulatory review. This uncertainty in the regulations leads to launch of counterfeit goods in market which hampers the credibility of cosmeceuticals in the market. Moreover, the evolution of nutricosmetics and rising popularity for this beauty-from-within categories may affect the growth of cosmeceuticals in future.

Market Segmentation

Skin care is by far the largest segment accounting for nearly YY% of the global dollar sales in 2020

The global cosmeceuticals market is segmented by product type into skin care, hair care and other categories. The wide range of skin care applications from moisturizing to anti-aging, scar and wrinkle removal, acne control to hyperpigmentation are driving the growth of this segment. Moreover, the demand for the multifunctional product is expected to fuel the growth of sun-care cosmetic products in the forecast period. For instance, BB creams can also function as sunblock cream, apart from a make-up serum and moisturizer. Products like these are becoming widely popular owing to their convenience, thereby driving the skincare category in this segment.

However, hair care cosmeceuticals segment is estimated to grow at faster rate owing to rising demand for anti-hair fall and hair growth stimulation products, and male grooming industry. Benefits provided by shampoos such as removal of dandruff, dirt, and environmental pollutants are making it a popular daily use product. Also, eradication of the unwanted build-up without flaking out much sebum to make the hair unmanageable drives the consumers to buy branded hair care products.

Geographical Penetration:

Europe is expected to dominate the global cosmeceuticals market during the forecast period

By Geography, Europe is leading the global cosmeceuticals market owing to high beauty interest in countries such as France, Italy, U.K. and Germany. Moreover, these countries have the largest population of people suffering from dry skin, considering their weather conditions. This is likely to spur the demand for beneficial and multifunctional skincare cosmetic products. Moreover, higher spending capacity in the region for better quality products is expected to positively impact market growth. Also, factors such as aging population, high incidence of dry skin, people interest to look young have constituted for a significant potential for cosmeceutical products in Europe.

However, the market growth over the forecast period will be majorly driven by Asia Pacific region with countries such as India, Thailand and Malaysia witnessing double-digit growth rates. Growing awareness regarding cosmeceutical and cosmetics products, such as anti-aging, sun care, and hair care products, coupled with rising disposable income is expected to drive the market growth. Besides this, advancements in technology and advent of new ingredients have further added to the progress in the commercialization of cosmeceutical products globally. For example, in 2016, over 2 billion people have spent on premium personal care products instead of cosmetic surgeries in Asia-Pacific region.

Competitive Landscape:

The global cosmeceuticals market is fragmented with the presence of large number of companies. The high product differentiation is resulting in entry of new companies into the market with novel skincare and haircare formulations. The market is turning competitive with business development strategies followed by global cosmetic giants. The companies are focusing towards acquisitions to increase their distribution network and expand product portfolio. Phytochemical based natural skincare cosmeceuticals has been the key focus of most of the existing players owing to large market potential across the globe. In June 2021, Sabinsa announced that the company had got the approval certification for Cococin, Saberry, and Nigellin Amer from the Ecocert Greenlife. The company has successfully complied with the COSMOS-standard to help consumers with transparent information on the content as the demand for natural ingredients in cosmetics is rising. In May 2021, Global Bioenergies announced that the company would be launching its LAST long-wear cosmetics brand in June 2021. To reduce the environmental footprint company's products have been designed with around 90% natural ingredients and packaging. In February 2021, bioClarity, a 100% Vegan, toxin-free, cruelty-free skincare brand, announced partnership with Ulta Beauty, the nation's largest beauty retailer. This partnership will help companies to create brand awareness and greater access to existing and new customers worldwide.

COVID-19 Impact: Negative impact on the cosmeceuticals market

Since the outbreak of Covid-19 since March 2020, the market of global cosmeceuticals products has shown declining results in the growth rate. Due to the lockdown situation going on across the globe cosmetic manufacturers had to shut down their production units as a result of the labor shortage. However, as the situation is getting improved globally, the market is set to revive and the sales are expected to recover in the coming years. Moreover, the leading companies are eyeing the e-commerce as an opportunistic segment of the market as retail stores are predicted to have lesser consumer visits till the pandemic ends. Thus, skin care brands such as Olay has partnered with Shopee for a new digital campaign targeted at the millennial consumer demographic as part of its strategic e-commerce growth plans for South East Asia.

Why Purchase the Report?

  • Understand the current market scenario and viability of global cosmeceuticals over the forecast period
  • Visualize the composition of the global cosmeceuticals market in terms of product type and distribution channel to identify major players, growth potential, and market strategies
  • Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
  • Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
  • Excel data sheet with valuable data points of the global cosmeceuticals market - Regional and Country level segmentation
  • Product mapping in excel for the key products of all major market players
  • Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

Target Audience:

  • Cosmetics and Personal Care Manufacturers
  • Cosmeceutical Firms
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
Product Code: DMPC2620

Table of Contents

1. Global Cosmeceuticals Market - Scope and Methodology

  • 1.1. Research Methodology
  • 1.2. Scope of the Market

2. Global Cosmeceuticals Market - Key Trends and Developments

3. Global Cosmeceuticals Market - Executive Summary

  • 3.1. Market Snippet by Product Type
  • 3.2. Market Snippet by Key Ingredient
  • 3.3. Market Snippet by Distribution Channel
  • 3.4. Market Snippet by Region

4. Global Cosmeceuticals Market - Market Dynamics

  • 4.1. Market impacting factors
    • 4.1.1. Drivers
    • 4.1.2. Restraints
    • 4.1.3. Opportunities
  • 4.2. Impact analysis

5. Global Cosmeceuticals Market - Industry Analysis

  • 5.1. Porter's five forces analysis
  • 5.2. Supply chain analysis
  • 5.3. Pricing analysis
  • 5.4. Regulatory Analysis

6. Global Dairy Market - COVID-19 Analysis

  • 6.1. Analysis of Covid-19 on the Market
    • 6.1.1. Before COVID-19 Market Scenario
    • 6.1.2. Present COVID-19 Market Scenario
    • 6.1.3. After COVID-19 or Future Scenario
  • 6.2. Pricing Dynamics Amid Covid-19
  • 6.3. Demand-Supply Spectrum
  • 6.4. Government Initiatives Related to the Market During Pandemic
  • 6.5. Manufacturers Strategic Initiatives

7. Global Dairy Market - By Key Ingredient

  • 7.1. Introduction
    • 7.1.1. Market size analysis, and y-o-y growth analysis (%), By Key Ingredient Type segment
    • 7.1.2. Market attractiveness index, By Key Ingredient segment
  • 7.2. Vitamins*
    • 7.2.1. Introduction
    • 7.2.2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028
  • 7.3. Polyphenols
  • 7.4. Hyaluronic Acid
  • 7.5. Peptides and Proteins
  • 7.6. Others

8. Global Dairy Market - By Product Type

  • 8.1. Introduction
    • 8.1.1. Market size analysis, and y-o-y growth analysis (%), By Product Type segment
    • 8.1.2. Market attractiveness index, By Product Type segment
  • 8.2. Skin Care*
    • 8.2.1. Introduction
    • 8.2.2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028
    • 8.2.3. Anti-Ageing
    • 8.2.4. Skin Whitening
    • 8.2.5. Sun Protection
    • 8.2.6. Anti-Acne
    • 8.2.7. Others
  • 8.3. Hair Care
    • 8.3.1. Hair Growth
    • 8.3.2. Anti-Dandruff
    • 8.3.3. Others

9. Global Dairy Market - By Distribution Channel

  • 9.1. Introduction
    • 9.1.1. Market size analysis, and y-o-y growth analysis (%), By Distribution Channel segment
    • 9.1.2. Market attractiveness index, By Distribution Channel segment
  • 9.2. Pharmacy/Drug Stores*
    • 9.2.1. Introduction
    • 9.2.2. Market Size Analysis, US$ Million, 2019-2028 And Y-O-Y Growth Analysis (%), 2020-2028
  • 9.3. Supermarkets/Hypermarkets
  • 9.4. Specialty Stores
  • 9.5. E-Commerce
  • 9.6. Others

10. Global Cosmeceuticals Market - By Region

  • 10.1. Introduction
  • 10.2. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Region
  • 10.3. Market Attractiveness Index, By Region
  • 10.4. North America
    • 10.4.1. Introduction
    • 10.4.2. Key region-specific dynamics
    • 10.4.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Key Ingredient
    • 10.4.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
    • 10.4.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.4.5.1. U.S.
      • 10.4.5.2. Canada
      • 10.4.5.3. Mexico
  • 10.5. Europe
    • 10.5.1. Introduction
    • 10.5.2. Key Region-Specific Dynamics
    • 10.5.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Key Ingredient
    • 10.5.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
    • 10.5.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type
    • 10.5.6. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.5.6.1. Germany
      • 10.5.6.2. U.K.
      • 10.5.6.3. France
      • 10.5.6.4. Italy
      • 10.5.6.5. Spain
      • 10.5.6.6. Rest of Europe
  • 10.6. South America
    • 10.6.1. Introduction
    • 10.6.2. Key Region-Specific Dynamics
    • 10.6.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Key Ingredient
    • 10.6.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
    • 10.6.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.6.5.1. Brazil
      • 10.6.5.2. Argentina
      • 10.6.5.3. Rest of South America
  • 10.7. Asia Pacific
    • 10.7.1. Introduction
    • 10.7.2. Key Region-Specific Dynamics
    • 10.7.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Key Ingredient
    • 10.7.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
    • 10.7.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type Market Size Analysis, And Y-O-Y Growth Analysis (%), By Country
      • 10.7.5.1. China
      • 10.7.5.2. India
      • 10.7.5.3. Japan
      • 10.7.5.4. Australia
      • 10.7.5.5. Rest of Asia Pacific
  • 10.8. The Middle East And Africa
    • 10.8.1. Introduction
    • 10.8.2. Key Region-Specific Dynamics
    • 10.8.3. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Key Ingredient
    • 10.8.4. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Distribution Channel
    • 10.8.5. Market Size Analysis, And Y-O-Y Growth Analysis (%), By Product Type

11. Global Cosmeceuticals Market - Competitive Landscape

  • 11.1. Competitive scenario
  • 11.2. Competitor strategy analysis
  • 11.3. Market positioning/share analysis
  • 11.4. Mergers and acquisitions analysis

12. Company Profiles

  • 12.1. L'Oreal S.A.*
    • 12.1.1. Company Overview
    • 12.1.2. Product Portfolio and Description
    • 12.1.3. Key Highlights
    • 12.1.4. Financial Overview
  • 12.2. Osmosis Skincare
  • 12.3. Dermalogica
  • 12.4. SkinSciPac, LLC
  • 12.5. Alpha-H
  • 12.6. Environ Skin Care
  • 12.7. Rationale Skincare
  • 12.8. Synergie Skin
  • 12.9. Ultraceuticals
  • 12.10. Company 10

13. Global Cosmeceuticals Market - Premium Insights

14. Global Cosmeceuticals Market - DataM

  • 14.1. Appendix
  • 14.2. About us and services
  • 14.3. Contact us