cosmetovigilance market, cosmetovigilance market share, cosmetovigilance market trends, cosmetovigilance market analysis, cosmetovigilance market report, cosmetovigilance market size
How Is The Cosmetovigilance Market Size Evolving in the Present and Coming Years?
The cosmetovigilance market size has grown consistently in recent years, going from $3.46 billion in 2024 to $3.73 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.8%. The growth during this period is attributed to regulatory compliance, increased consumer awareness, and the need for adverse event reporting, among others.
Likewise, it is predicted that the cosmetovigilance market will continue to grow strongly in the coming years, projecting to reach $5.07 billion in 2029 with a CAGR of 7.9%. The ongoing and future growth is influenced by factors such as heightened regulatory scrutiny, increasing consumer demand for transparency, emerging market dynamics, and rapid product innovation.
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What Factors Are Driving The Growth Of The Cosmetovigilance Market?
The rise in use of cosmetic products is a significant driver of the cosmetovigilance market. Cosmetics, broadly covering products for cleansing, enhancing attractiveness, or promoting healthy skin and hair, are becoming increasingly popular among consumers. Cosmetovigilance assists consumers in understanding the quality of cosmetic products through the safety monitoring of these products. Such growing usage of cosmetics, consequently, increases the demand for the cosmetovigilance market.
What Are The Major Segments in The Global Cosmetovigilance Market?
1) By Service Type: Pre-marketing Services, Post-marketing Services
2) By Reported Category: Skincare, Makeup, Haircare, Perfumes And Deodorants, Hair Colorants, Other Reported Categories
3) By Service Providers: Clinical Research Organizations (CROs), Business Process Outsourcing (BPOs)
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Who Are The Major Players in Cosmetovigilance Market?
Top players in the cosmetovigilance market include PharSafer Associates Ltd., Zeincro GmbH, Skill Pharma Limited, ClinChoice Inc., Poseidon Clinical Research Organization GmbH, AxeRegel AG, Freyr Solutions LLC, OC Vigilance SAS, Pure Drug Safety Inc., and others. These companies have leveraged their industry expertise and diverse portfolio to become leaders in the cosmetovigilance market.
What Trends Are Shaping The Future Of The Cosmetovigilance Market?
Emergence of new government regulations is a key trend influencing the cosmetovigilance market. A prime example is the Modernization of Cosmetics Regulation Act of 2022 (MoCRA), providing the Food and Drug Administration (FDA) with significant authority to regulate cosmetics. The legislation presents new requirements for the cosmetic industry, including adverse event reporting and safety substantiation records, enhancing consumer safety.
How Is The Cosmetovigilance Market Performing Across Regions?
In 2024, Europe was the largest region in the global cosmetovigilance market. Other regions covered in the cosmetovigilance market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Global Cosmetovigilance Market Report 2025 Offer?
The Cosmetovigilance Market research report from The Business Research Company provides valuable insights into the global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Cosmetovigilance refers to the continuous monitoring for safety assurance of cosmetics products through adherence to regulatory compliances.
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