Cosmeceuticals Market by Product Type, Material Type, Active Ingredients, Distribution Channel

List of Tables

[189 Pages Report] The Cosmeceuticals Market size was estimated at USD 81.12 billion in 2023 and expected to reach USD 87.13 billion in 2024, at a CAGR 7.69% to reach USD 136.29 billion by 2030.

Cosmeceuticals refer to cosmetic products composed of active ingredients that are known to have cosmetic benefits and therapeutic effects capable of changing skin function and structure. Cosmeceuticals have diverse applications in both professional settings (such as dermatology clinics, spas, and beauty salons) and at-home use by consumers. The end-users for these products span different age groups and demographics seeking improved skin health, appearance enhancement, or treatment of specific skin conditions such as acne or hyperpigmentation. Cosmeceuticals products can include anti-aging creams and serums, advanced skin cleansers, skin tightening products, moisturizers, and sun protection creams, among others. Increasing knowledge about skincare ingredients and their benefits among consumers has led to a higher demand for cosmeceutical products offering targeted solutions. An increasing preference for natural and eco-friendly alternatives is driving demand for cosmeceutical formulations with plant-based or sustainable ingredients, such as botanical extracts or probiotics. However, a lack of awareness about available cosmeceutical products reduces the purchase of cosmeceutical products. Furthermore, with no globally unified regulatory structure governing cosmeceuticals, there is a risk of inconsistent quality or misleading claims associated with some products. However, major players are constantly investing efforts to raise brand awareness through celebrity endorsements and social media marketing. Advancements in ingredient research have resulted in novel active ingredients with enhanced efficacy or new mechanisms of action, fueling the product pipeline and adoption of cosmeceuticals.

KEY MARKET STATISTICS
Base Year [2023]	USD 81.12 billion
Estimated Year [2024]	USD 87.13 billion
Forecast Year [2030]	USD 136.29 billion
CAGR (%)	7.69%

Products: Utilization of cosmeceuticals to target the rising number of skin issues

Hair care cosmeceuticals target diverse concerns such as hair loss, scalp health, and damage repair. Various serums, conditioners, oils, and pharmaceutical interventions are available as topical treatments to target hair loss and stimulate hair growth. Products in this category aim to reduce hair loss and promote hair strength by targeting common causes such as breakage, dryness, and dandruff. Scalp repair solutions target issues such as itchiness and flaking. Lip scrub, lip balm, and lip polishing oil are cosmeceutical products used to provide optimum lip care by preventing dryness, chapping, and cracking of lips. Skincare cosmeceuticals address concerns such as anti-aging, skin brightening, acne management, sun protection, and hydration. Anti-acne products aim to treat existing acne breakouts while preventing future ones by controlling sebum production and reducing inflammation. Anti-aging products work to reduce visible signs of aging, such as wrinkles, fine lines, and age spots. Anti-stress soothes the skin, while moisturizers provide hydration for the skin. Products in this category help in lightening sun-induced tans and even out the skin tone by inhibiting melanin production. Skin whitening products target hyperpigmentation issues such as dark spots or uneven skin tone. Advanced skin cleansers and scar gels & creams are used to improve overall skin appearance. Skin tightening products provide a youthful appearance to the skin, while sun protection products protect the skin against environmental factors such as harmful ultraviolet light. Anti-cellulite creams and body slimming creams target certain fat-storing parts of the body, helping reduce weight.

Material: Growing preference of consumers for natural materials owing to concerns about sustainability

Multifunctional materials in cosmeceuticals often combine the benefits of multiple ingredients to create innovative products that address various skin concerns. These materials offer advantages such as increased stability, improved formulation efficacy, and easier handling for manufacturers. Natural ingredients have gained popularity among consumers seeking more environmentally friendly alternatives without compromising effectiveness. Natural materials are derived from plant extracts, essential oils, and other biodegradable sources and often provide similar benefits as synthetic counterparts but with a reduced ecological footprint.

Active Ingredients: Exponential use of antioxidants as they provide protection against environmental stressors

Antioxidants are essential for neutralizing free radicals that can cause premature aging and damage to the skin. Some common antioxidants used in cosmeceuticals include Vitamin C, Vitamin E, and resveratrol. Botanicals are plant-derived ingredients known for their soothing and nurturing properties. Widely used botanical ingredients include aloe vera, chamomile extract, green tea extract, and witch hazel. Exfoliants are crucial for removing dead skin cells to reveal smoother, more radiant skin beneath them. There are two primary types of exfoliants: physical exfoliants, which consist of microbeads and crushed shells, and chemical exfoliants, such as alpha-hydroxy acids (AHAs) and beta-hydroxy acids (BHAs). Peptides and proteins play a vital role in enhancing skin elasticity and promoting collagen synthesis. Retinoids are derivatives of Vitamin A that help stimulate cellular turnover, leading to smoother skin texture, reduced fine lines, and improved pigmentation issues.

Distribution Channel: Access to unique products with detailed reviews through online distribution channel

Beauty salons constitute a major distribution channel for cosmeceuticals, as they provide consumers with professional consultation services and personalized product recommendations based on individual skin types and concerns. Online retailing has emerged as a dominant distribution channel due to increased consumer convenience and access to a wider range of products at competitive prices. Additionally, e-commerce platforms offer detailed product information and customer reviews that guide consumers in making informed purchasing decisions. Pharmacy and drug stores are another popular distribution channel for cosmeceuticals since they offer customers easy access to professional advice from pharmacists or store associates. Specialty stores focus on offering niche and premium cosmeceutical products from brands that cater specifically to target consumer segments. Beauty salons are ideal for those seeking personalized consultation services and expert advice, while online retailing offers convenience, competitive prices, and wider product assortments. Pharmacy and drug stores provide easy access to professional advice along with reputable brands for customers who prioritize safety and efficacy.

Regional Insights

The Americas has long been at the forefront of innovation in cosmeceutical development and consumption. North America is home to some of the world's leading cosmetic companies that invest heavily in the research and development of technologically advanced cosmeceutical products. As a result, consumers in this region have access to a wide range of high-quality cosmeceutical offerings targeted at various age groups and specific needs like anti-aging or skin brightening treatments. Asia's rising disposable income levels and increasing awareness about skincare routines have propelled Asian countries, including South Korea, Japan, China, and India, into becoming major players in the global cosmeceutical arena. The Asian market is characterized by its rapid shift towards natural and organic ingredients, which cater to local preferences for traditional medicine-based beauty practices. Asian manufacturers are known for their cutting-edge innovation, which emphasizes unique formulations based on advanced science-backed technologies such as stem cell research or nanotechnology. The European cosmeceuticals market is driven by a consumer base that values luxury and high-quality products. European countries of France, Italy, Germany, and the United Kingdom have long-standing traditions in cosmetic production and consumption. Esteemed brands in the region are synonymous with premium quality skincare offerings that leverage advanced scientific research to deliver high-performance results tailored to cater to sophisticated European tastes.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Cosmeceuticals Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Cosmeceuticals Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Cosmeceuticals Market, highlighting leading vendors and their innovative profiles. These include Allergan Aesthetics by AbbVie Inc., Amway Corporation, Avon Products, Inc, BASF SE, BeBodywise, Beiersdorf AG, Bestvite, Biocyte SAS, Blackmores Limited, Bosley Professional Strength Co. Ltd., Croda International PLC, D-Lab Nutricosmetics, Estee Lauder Companies Inc., Functionalab, Gelita AG, GNC Holdings, Inc., Grupo Cantabria Labs, Hale Cosmeceuticals Inc, Herbalife Nutrition Ltd., HSA Cosmetics SpA, Huatai Biopharm Inc., HUM Nutrition Inc., Industrial Farmaceutica Cantabria, SA, Johnson & Johnson Services, Inc., KORA Organics by Miranda Kerr Pty Ltd., L'Oreal S.A., Procter & Gamble Company, Sabinsa Corporation, Seppic S.A., Shiseido Company, Limited, Uniliver PLC, VEGAMOUR, INC., and Vitabiotics Ltd..

Market Segmentation & Coverage

This research report categorizes the Cosmeceuticals Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product Type
- Hair Care
  - Anti-Dandruff Solutions
  - Hair Fall Solutions
  - Hair Growth Products
  - Scalp Repair

Lip Care
Skin Care
- Advanced Skin Cleansers
- Anti-Acne
- Anti-Aging Creams & Serums
- Anti-Cellulite
- Anti-Wrinkles
- Body Slimming Creams
- Moisturizers
- Scar Gels & Creams
- Skin Tightening Products
- Skin Whitening
- Sun Protection

Material Type
- Multifunctional or Synthetic
- Natural

Active Ingredients
- Antioxidants
- Botanicals
- Exfoliants
- Peptides & Protiens
- Retinoids

Distribution Channel
- Beauty Salons
- Online Retailing
- Pharmacy & Drug Stores
- Specialty Stores

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Cosmeceuticals Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Cosmeceuticals Market?

3. What are the technology trends and regulatory frameworks in the Cosmeceuticals Market?

4. What is the market share of the leading vendors in the Cosmeceuticals Market?

5. Which modes and strategic moves are suitable for entering the Cosmeceuticals Market?

Product Code: MRR-4310FA028D85

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing understanding of beauty and wellness trends worldwide
  - 5.1.1.2. Rising environmental consciousness and popularity of bio-based cosmeceutical products
  - 5.1.1.3. Availability of a diverse range of cosmeceutical products through online channels
- 5.1.2. Restraints
  - 5.1.2.1. Surging incidences of product recalls due to quality concerns
- 5.1.3. Opportunities
  - 5.1.3.1. Advent of personalized and customized skincare solutions with digital analytics
  - 5.1.3.2. Research activities supporting the development of new cosmeceutical formulations
- 5.1.4. Challenges
  - 5.1.4.1. Strict regulations and standards surrounding cosmaceutical production and marketing
5.2. Market Segmentation Analysis
- 5.2.1. Products: Utilization of cosmeceuticals to target the rising number of skin issues
- 5.2.2. Material: Growing preference of consumers for natural materials owing to concerns about sustainability
- 5.2.3. Active Ingredients: Exponential use of antioxidants as they provide protection against environmental stressors
- 5.2.4. Distribution Channel: Access to unique products with detailed reviews through online distribution channel
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Cosmeceuticals Market, by Product Type

6.1. Introduction
6.2. Hair Care
6.3. Lip Care
6.4. Skin Care

7. Cosmeceuticals Market, by Material Type

7.1. Introduction
7.2. Multifunctional or Synthetic
7.3. Natural

8. Cosmeceuticals Market, by Active Ingredients

8.1. Introduction
8.2. Antioxidants
8.3. Botanicals
8.4. Exfoliants
8.5. Peptides & Protiens
8.6. Retinoids

9. Cosmeceuticals Market, by Distribution Channel

9.1. Introduction
9.2. Beauty Salons
9.3. Online Retailing
9.4. Pharmacy & Drug Stores
9.5. Specialty Stores

10. Americas Cosmeceuticals Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Cosmeceuticals Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Cosmeceuticals Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. No7 Launched Cosmeceuticals Range
- 13.3.2. K-beauty's Cosmecca to Partner with Vytrus Biotech on Cosmetic Ingredients Research
- 13.3.3. L'Oreal Acquires Aesop for $2.5 Billion
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio