The Cosmeceuticals Global Market Report 2023, provides comprehensive information on the cosmeceuticals market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global cosmeceuticals market size is expected to grow from $52.95 billion in 2022 to $56.91 billion in 2023 at a compound annual growth rate (CAGR) of 7.48%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of cosmeceuticals market is expected to reach $77.05 billion in 2027 at a CAGR of 7.87%.
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Technological advancements are a key trend gaining popularity in the cosmeceuticals market. Companies operating in the cosmeceuticals market are adopting new technologies to sustain their position in the market. In September 2021, Croda International Plc., a specialty chemicals company located in the United Kingdom, launched Nutrinvent Balance, a unique encapsulation technology designed to provide rapid sebum reduction advantages on the scalp, as the latest innovation in their hair care ingredient line. The new component is suited for use in a wide range of hair care formulations, providing immediate sebum reduction on the scalp from the first application, and is aimed at customers who experience scalp oiliness.
The cosmeceuticals market is segmented:
1) By Product Type: Skincare, Haircare, Injectable, Oral Care, Other Product Types
2) By Ingredients: Proteins, Antioxidants, Vitamins, Metals, Ceramides, Peptides, Amines, Acids, Exfoliants, Other Ingredients
3) By Distribution Channel: Supermarket, Pharmacy, Drug Stores, Beauty Salon, Online Retailing Store, Other Distribution Channels
Asia-Pacific was the largest region in the cosmeceuticals market in 2022.
The table of contents in TBRC’s cosmeceuticals market report includes:
- Executive Summary
- Cosmeceuticals Market Characteristics
- Cosmeceuticals Market Trends And Strategies
- Cosmeceuticals Market – Macro Economic Scenario
- Cosmeceuticals Market Segmentation
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- Global Cosmeceuticals Market Competitive Benchmarking
- Global Cosmeceuticals Market Competitive Dashboard
- Key Mergers And Acquisitions In The Cosmeceuticals Market
- Cosmeceuticals Market Future Outlook and Potential Analysis
- Appendix
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