Cosmeceuticals market engages the increasing categories of cosmetic products that have drug-like benefits.Cosmeceuticals is a modern version of cosmetics, and personal care products which have a massive impacton generations, and is likely to augment the demand of the product throughout various specialty medical and personal care verticals. Use of cosmeceutical products for varied applications including skin lightening, skin irritation, tooth whitening and others creates a huge demand of this product.Further down presence of premium priced cosmeceutical products and their superior quality creates a huge market growth opportunity during the forecast spell of 2017-2025.
One of the key factors propelling the market for cosmeceuticals across the globe is the rising consumer awareness regarding appearance. The thriving personal care industry, especially across emerging economies in regions such as China and India is expanding in terms of consumer base.The increasing consciousness of consumer regarding appearance is expected to endorse double digit growth during the forecast period. Use of cosmeceuticals for skin and hair treatment creates a high demand of this product. Furthermore, several other treatment options entering the market may hinder the growth of this market to some extent. This alternative treatment option may act as a restraining factor for the cosmeceutical market.
The cosmeceutical market in report is segmented by product type which includes skincare, hair care, oral care, make-up, and others. Moreover, on the basis of retail format the report has been segmented as specialty stores, hypermarkets, supermarkets, and convenience stores, drugstores and others. The global cosmeceutical market has been moreover segmented geographically into North America, Europe, Asia-Pacific, Middle East and Africa and Latin America.
In cosmetic industry, cosmecuticals are a futuristicdevelopment with its capacity to look better. Cosmeceuticals will be one of the major trends to gain traction in this market in the upcoming years.Cosmeceuticals has a massive application potentialin personal care as well as in cosmetic market. The cumulative shift towards cosmetic products has directed to the widespread usage of personal care in a wide array of applications. The rise in demand of cosmeceuticals can increase the demand for hair care, oral care, skin care, make-up products which in turn causes the expansion ofthese industries.
Some of the major players in the cosmeceuticals market areBeiersdorf, L'Oréal, P&G, Shiseido, Unilever, Amway, AVON Beauty Products among others.
Global CosmeceuticalsMarket: By Geography
Global Cosmeceuticals Market: By Product Type
Global Cosmeceuticals Market: By Retail format