The Business Research Company’s report on the Cosmeceuticals Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the cosmeceuticals market further?
The increase in the prevalence of skin disorders is expected to propel the growth of the cosmeceuticals market going forward. Skin disorders refer to the conditions that affect the skin’s appearance, structure, texture, or overall health. Cosmeceuticals are skincare products with bioactive ingredients that offer therapeutic benefits and can be used to complement the treatment of various skin disorders such as photo-melanosis, photo-tanning, and pigmentation disorders such as melasma or freckles. For instance, in January 2023, according to a report published by the American Cancer Society, a US-based voluntary health organization for cancer, melanoma constitutes only about 1% of skin cancers but causes most skin cancer deaths. In 2023, approximately 97,610 new melanomas will be diagnosed (58,120 in men and 39,490 in women), and approximately 7,990 people are expected to die of melanoma. Furthermore, in December 2022, according to the National Psoriasis Foundation, a US-based non-profit organization serving people with psoriasis and psoriatic arthritis, Psoriasis affects 125 million people globally, accounting for 2 to 3 percent of the overall population. Therefore, the increase in the prevalence of skin disorders is expected to propel the growth of the cosmeceuticals market.
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What are the key factors influencing the forecasted market size of the cosmeceuticals industry?
The cosmeceuticals market size has grown strongly in recent years. It will grow from $60.65 billion in 2024 to $65.29 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to aging population, scientific research, increasing disposable income, health and wellness trends, regulatory changes
The cosmeceuticals market size is expected to see strong growth in the next few years. It will grow to $92.2 billion in 2029 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to rise of non-invasive beauty treatments, men’s grooming and skincare, digitalization in skincare, rise in personalized skincare, clean beauty movement. Major trends in the forecast period include cannabis-derived ingredients, transparency and traceability, rise of nutricosmetics, hybrid skincare-beauty products, and microbiome-friendly products.
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Who are the leading competitors in the cosmeceuticals market?
Major companies operating in the cosmeceuticals market include BASF SE, Johnson & Johnson, LVMH (Moët Hennessy Louis Vuitton), Givenchy, The Procter & Gamble Company, Unilever Plc, L’Oréal S.A., Henkel AG & Co. KGaA, The Estée Lauder Companies Inc., Chanel LTD, Allergan plc, Beiersdorf AG, Shiseido Company Limited, Natura &Co S.A, Coty Inc., Amorepacific Corporation, Avon Products Inc., Clarins, Revlon Inc., Croda International plc, Elementis plc, Lady Burd, Sabinsa Corporation, Nardo’s Naturals, SBLC Cosmetics GmbH, Mineral Mine
Which emerging trends are set to transform the cosmeceuticals market landscape?
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. For instance, in February 2022, Merck KGaA, a Germany-based pharmaceutical company, launched the RonaCare Baobab and RonaCare Hibiscus. These two innovative cosmetic ingredients are derived from nutrient-rich superfoods: the baobab fruit and hibiscus flower. Ethically sourced, these botanical extracts are perfect for a range of topical products, including daily skincare and dermocosmetics. RonaCare Baobab helps protect essential skin matrix components such as elastin and collagen while minimizing irritation, while RonaCare Hibiscus soothes sensitive skin, guards against oxidative stress, enhances skin cell vitality, and prevents collagen degradation, together promoting healthier and more resilient skin.
How do different geographies compare in terms of market share and growth potential in the cosmeceuticals market?
Asia-Pacific was the largest region in the cosmeceuticals market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cosmeceuticals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Which major segments of the cosmeceuticals market are experiencing the fastest growth?
The cosmeceuticals market covered in this report 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: Super market, Pharmacy, Drug Stores, Beauty Salon, Online Retailing Store, Other Distribution Channels
Subsegments:
1) By Skincare: Anti-Aging Products, Moisturizers, Sunscreens, Acne Treatments, Exfoliants
2) By Haircare: Hair Growth Products, Anti-Dandruff Treatments, Conditioners And Masks, Hair Styling Products
3) By Injectable: Botulinum Toxin, Dermal Fillers, Other Injectables
4) By Oral Care: Whitening Products, Anti-Cavity Treatments, Gum Health Products
5) By Other Product Types: Body Care Products, Foot Care Products, Nail Care Products, Men’s Grooming Products
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How is the cosmeceuticals market defined, and what are its core characteristics?
Cosmeceuticals refers to cosmetic products that contain active ingredients with potential therapeutic properties, beyond basic cosmetic benefits. Cosmeceuticals are designed to improve the appearance and health of the skin, hair, and overall aesthetics.
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