Cosmeceuticals Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Cosmeceuticals Market
The cosmeceuticals market size, worth USD 63.59 billion in 2023, is predicted to a consistent increase, while reaching USD 68.67 billion in 2024 and then amplify to USD 138.26 billion by 2032. Which lead to an annual growth rate of 9.1% on average from 2024 to 2032.
Due to corona virus everybody was so cautious about everything as life was main priority and everything else not in the scene and similarly people were not going to dermatologists and the demand of the cosmeceuticals products decreased and . Anyhow in 2021 due increase in patient and death rate results in increased vaccination rates, and strict COVID-19 protocols, the cosmeceuticals market growth took place. Post pandemic growth in hair and skin products raised by 11.2%.
The demand of cosmeceutical products has risen due to increasing importance and awareness of natural ingredients over traditional amongst the consumer. Market players are taking various steps to increase awareness of organic products over traditional by planning market campings, advertisements and many more. Dermatologists also prescribe organic products for hair and skin care which helped in expansion of cosmeceuticals market share globally.
Additionally, due to an increase in healthier and environmental lifestyle, consumption of natural and organic cosmetics are increasing amongst consumers. Government agencies and key players also took various initiatives to raise awareness about skin and hair health, which significantly lead to rise in the global use of cosmeceuticals.
Comprehensive Analysis of Cosmeceutical Market
Due to increase in awareness for healthy lifestyle by using natural and organic products, cosmeceutical market has been segmented as skin care(which includes anti aging, sun protection, skin whitening, anti acne, and others) ,hair care(hair fall, grey hairs, anti druff and others), inject able( includes botulinum toxin, dermal fillers and others) and others( segment splits into lip care, tooth whitening, oral care and body sliming).
While the distribution of cosmetic product is segmented as pharmacy stores, online stores and others. However pharmacy stores held the largest share globally in 2023 because. The dominance of the segment took place because the advance product was available at affordable price at stores with discounts offers. Online store gain rise in market during COVID-19 pandemic as the key players invested higher amount in ecommerce and digital market platform. The other segments include supermarket, hypermarket, specialty store, and other distribution channels.
As the global market was dominated by Asia Pacific holding the value USD 26.22 billion in 2023.The growth of the market in Asia Pacific is due to the key players who are making the strategy in digital investment, distribution channels through which the awareness and benefits of product can be reached to it consumers. Whereas North America holds the second largest share in the global market. In December 2023, Europe gain an increase in market share by launching COSMILE app in market to provide scientifically approved information related to cosmeceutical products.While the Latin America reported the highest increased rate during forecast period and the Middle East and African market are considered to grow in analysis period.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 9.1% from 2024-2032
Unit Value (USD billion)
Segmentation By Product Type
Skin Care
Anti-Ageing
Skin Whitening
Sun Protection
Professional Skincare
Anti-Acne
Others
Hair Care
Hair Growth
Anti-Dandruff
Others
Injectable
Botulinum Toxins
Dermal Fillers
Others
Others
Lip Care
Tooth Whitening
Anti-Cellulite/Body Slimming Preparations
Oral Care
By Distribution Channel
Pharmacy/Drug Stores
Online Stores
Others
By Geography
North America (By Product Type, Distribution Channel, and Country)
U.S. (By Product Type)
Canada (By Product Type)
Europe (By Product Type, Distribution Channel, and Country)
U.K. (By Product Type)
Germany (By Product Type)
France (By Product Type)
Italy (By Product Type)
Spain (By Product Type)
Rest of Europe (By Product Type)
Asia Pacific (By Product Type, Distribution Channel, and Country)
China (By Product Type)
Japan (By Product Type)
India (By Product Type)
Australia (By Product Type)
Southeast Asia (By Product Type)
Rest of Asia Pacific (By Product Type)
Latin America (By Product Type, Distribution Channel, and Country)
Brazil (By Product Type)
Mexico (By Product Type)
Rest of Latin America (By Product Type)
Middle East & Africa (By Product Type, Distribution Channel, and Country)
GCC (By Product Type)
South Africa (By Product Type)
Rest of Middle East & Africa (By Product Type)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions & Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Insight on Regulatory Landscape
- 4.4. Porters Five Forces Analysis
- 4.5. Impact of COVID-19 on the Global STATCOM Market
- 5. Global STATCOM Market (USD Million) Analysis, Insights, and Forecast, 2019-2032
- 5.1. Key Findings
- 5.2. Market Analysis, Insights and Forecast – By Rated Power
- 5.2.1. Low Power STATCOM (less than 20 MVar)
- 5.2.2. Medium Power STATCOM (20-100 MVar)
- 5.2.3. High Power STATCOM (Greater than 100 MVar)
- 5.3. Market Analysis, Insights and Forecast – By End-User
- 5.3.1. Utility
- 5.3.2. Steel Manufacturing
- 5.3.3. Renewable Energy
- 5.3.4. Mining
- 5.3.5. Hydrogen Power Plant
- 5.3.6. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East & Africa
- 6. North America STATCOM Market (USD Million) Analysis, Insights, and Forecast, 2019-2032
- 6.1. Key Findings
- 6.2. Market Analysis, Insights and Forecast – By Rated Power
- 6.2.1. Low Power STATCOM (less than 20 MVar)
- 6.2.2. Medium Power STATCOM (20-100 MVar)
- 6.2.3. High Power STATCOM (Greater than 100 MVar)
- 6.3. Market Analysis, Insights and Forecast – By End-User
- 6.3.1. Utility
- 6.3.2. Steel Manufacturing
- 6.3.3. Renewable Energy
- 6.3.4. Mining
- 6.3.5. Hydrogen Power Plant
- 6.3.6. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S. Market Analysis, Insights, and Forecast – By End-User
- 6.4.1.1. Utility
- 6.4.1.2. Steel Manufacturing
- 6.4.1.3. Renewable Energy
- 6.4.1.4. Mining
- 6.4.1.5. Hydrogen Power Plant
- 6.4.1.6. Others
- 6.4.2. Canada Market Analysis, Insights, and Forecast – By End-User
- 6.4.2.1. Utility
- 6.4.2.2. Steel Manufacturing
- 6.4.2.3. Renewable Energy
- 6.4.2.4. Mining
- 6.4.2.5. Hydrogen Power Plant
- 6.4.2.6. Others
- 7. Europe STATCOM Market (USD Million) Analysis, Insights, and Forecast, 2019-2032
- 7.1. Key Findings
- 7.2. Market Analysis, Insights and Forecast – By Rated Power
- 7.2.1. Low Power STATCOM (less than 20 MVar)
- 7.2.2. Medium Power STATCOM (20-100 MVar)
- 7.2.3. High Power STATCOM (Greater than 100 MVar)
- 7.3. Market Analysis, Insights and Forecast – By End-User
- 7.3.1. Utility
- 7.3.2. Steel Manufacturing
- 7.3.3. Renewable Energy
- 7.3.4. Mining
- 7.3.5. Hydrogen Power Plant
- 7.3.6. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK Market Analysis, Insights, and Forecast – By End-User
- 7.4.1.1. Utility
- 7.4.1.2. Steel Manufacturing
- 7.4.1.3. Renewable Energy
- 7.4.1.4. Mining
- 7.4.1.5. Hydrogen Power Plant
- 7.4.1.6. Others
- 7.4.2. Germany Market Analysis, Insights, and Forecast – By End-User
- 7.4.2.1. Utility
- 7.4.2.2. Steel Manufacturing
- 7.4.2.3. Renewable Energy
- 7.4.2.4. Mining
- 7.4.2.5. Hydrogen Power Plant
- 7.4.2.6. Others
- 7.4.3. Russia Market Analysis, Insights, and Forecast – By End-User
- 7.4.3.1. Utility
- 7.4.3.2. Steel Manufacturing
- 7.4.3.3. Renewable Energy
- 7.4.3.4. Mining
- 7.4.3.5. Hydrogen Power Plant
- 7.4.3.6. Others
- 7.4.4. France Market Analysis, Insights, and Forecast – By End-User
- 7.4.4.1. Utility
- 7.4.4.2. Steel Manufacturing
- 7.4.4.3. Renewable Energy
- 7.4.4.4. Mining
- 7.4.4.5. Hydrogen Power Plant
- 7.4.4.6. Others
- 7.4.5. Italy Market Analysis, Insights, and Forecast – By End-User
- 7.4.5.1. Utility
- 7.4.5.2. Steel Manufacturing
- 7.4.5.3. Renewable Energy
- 7.4.5.4. Mining
- 7.4.5.5. Hydrogen Power Plant
- 7.4.5.6. Others
- 7.4.6. Rest of Europe Market Analysis, Insights, and Forecast – By End-User
- 7.4.6.1. Utility
- 7.4.6.2. Steel Manufacturing
- 7.4.6.3. Renewable Energy
- 7.4.6.4. Mining
- 7.4.6.5. Hydrogen Power Plant
- 7.4.6.6. Others
- 8. Asia Pacific STATCOM Market (USD Million) Analysis, Insights, and Forecast, 2019-2032
- 8.1. Key Findings
- 8.2. Market Analysis, Insights and Forecast – By Rated Power
- 8.2.1. Low Power STATCOM (less than 20 MVar)
- 8.2.2. Medium Power STATCOM (20-100 MVar)
- 8.2.3. High Power STATCOM (Greater than 100 MVar)
- 8.3. Market Analysis, Insights and Forecast – By End-User
- 8.3.1. Utility
- 8.3.2. Steel Manufacturing
- 8.3.3. Renewable Energy
- 8.3.4. Mining
- 8.3.5. Hydrogen Power Plant
- 8.3.6. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. Japan Market Analysis, Insights, and Forecast – By End-User
- 8.4.1.1. Utility
- 8.4.1.2. Steel Manufacturing
- 8.4.1.3. Renewable Energy
- 8.4.1.4. Mining
- 8.4.1.5. Hydrogen Power Plant
- 8.4.1.6. Others
- 8.4.2. China Market Analysis, Insights, and Forecast – By End-User
- 8.4.2.1. Utility
- 8.4.2.2. Steel Manufacturing
- 8.4.2.3. Renewable Energy
- 8.4.2.4. Mining
- 8.4.2.5. Hydrogen Power Plant
- 8.4.2.6. Others
- 8.4.3. India Market Analysis, Insights, and Forecast – By End-User
- 8.4.3.1. Utility
- 8.4.3.2. Steel Manufacturing
- 8.4.3.3. Renewable Energy
- 8.4.3.4. Mining
- 8.4.3.5. Hydrogen Power Plant
- 8.4.3.6. Others
- 8.4.4. Australia Market Analysis, Insights, and Forecast – By End-User
- 8.4.4.1. Utility
- 8.4.4.2. Steel Manufacturing
- 8.4.4.3. Renewable Energy
- 8.4.4.4. Mining
- 8.4.4.5. Hydrogen Power Plant
- 8.4.4.6. Others
- 8.4.5. Rest of Asia pacific Market Analysis, Insights, and Forecast – By End-User
- 8.4.5.1. Utility
- 8.4.5.2. Steel Manufacturing
- 8.4.5.3. Renewable Energy
- 8.4.5.4. Mining
- 8.4.5.5. Hydrogen Power Plant
- 8.4.5.6. Others
- 9. Latin America STATCOM Market (USD Million) Analysis, Insights, and Forecast, 2019-2032
- 9.1. Key Findings
- 9.2. Market Analysis, Insights and Forecast – By Rated Power
- 9.2.1. Low Power STATCOM (less than 20 MVar)
- 9.2.2. Medium Power STATCOM (20-100 MVar)
- 9.2.3. High Power STATCOM (Greater than 100 MVar)
- 9.3. Market Analysis, Insights and Forecast – By End-User
- 9.3.1. Utility
- 9.3.2. Steel Manufacturing
- 9.3.3. Renewable Energy
- 9.3.4. Mining
- 9.3.5. Hydrogen Power Plant
- 9.3.6. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil Market Analysis, Insights, and Forecast – By End-User
- 9.4.1.1. Utility
- 9.4.1.2. Steel Manufacturing
- 9.4.1.3. Renewable Energy
- 9.4.1.4. Mining
- 9.4.1.5. Hydrogen Power Plant
- 9.4.1.6. Others
- 9.4.2. Mexico Market Analysis, Insights, and Forecast – By End-User
- 9.4.2.1. Utility
- 9.4.2.2. Steel Manufacturing
- 9.4.2.3. Renewable Energy
- 9.4.2.4. Mining
- 9.4.2.5. Hydrogen Power Plant
- 9.4.2.6. Others
- 9.4.3. Rest of Latin America Market Analysis, Insights, and Forecast – By End-User
- 9.4.3.1. Utility
- 9.4.3.2. Steel Manufacturing
- 9.4.3.3. Renewable Energy
- 9.4.3.4. Mining
- 9.4.3.5. Hydrogen Power Plant
- 9.4.3.6. Others
- 10. Middle East & Africa STATCOM Market (USD Million) Analysis, Insights, and Forecast, 2019-2032
- 10.1. Key Findings
- 10.2. Market Analysis, Insights and Forecast – By Rated Power
- 10.2.1. Low Power STATCOM (less than 20 MVar)
- 10.2.2. Medium Power STATCOM (20-100 MVar)
- 10.2.3. High Power STATCOM (Greater than 100 MVar)
- 10.3. Market Analysis, Insights and Forecast – By End-User
- 10.3.1. Utility
- 10.3.2. Steel Manufacturing
- 10.3.3. Renewable Energy
- 10.3.4. Mining
- 10.3.5. Hydrogen Power Plant
- 10.3.6. Others
- 10.4. Market Analysis, Insights and Forecast – By Country
- 10.4.1. GCC Market Analysis, Insights, and Forecast – By End-User
- 10.4.1.1. Utility
- 10.4.1.2. Steel Manufacturing
- 10.4.1.3. Renewable Energy
- 10.4.1.4. Mining
- 10.4.1.5. Hydrogen Power Plant
- 10.4.1.6. Others
- 10.4.2. Rest of Middle East & Africa Market Analysis, Insights, and Forecast – By End-User
- 10.4.2.1. Utility
- 10.4.2.2. Steel Manufacturing
- 10.4.2.3. Renewable Energy
- 10.4.2.4. Mining
- 10.4.2.5. Hydrogen Power Plant
- 10.4.2.6. Others
- 11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2023
- 11.2. Company Profile
- 11.2.1. GE
- 11.2.1.1. Business Overview
- 11.2.1.2. Product Application, & Services
- 11.2.1.3. Recent Developments
- 11.2.1.4. Financials (Based on Availability)
- 11.2.2. ABB
- 11.2.2.1. Business Overview
- 11.2.2.2. Product Application, & Services
- 11.2.2.3. Recent Developments
- 11.2.2.4. Financials (Based on Availability)
- 11.2.3. Ingeteam SA
- 11.2.3.1. Business Overview
- 11.2.3.2. Product Application, & Services
- 11.2.3.3. Recent Developments
- 11.2.3.4. Financials (Based on Availability)
- 11.2.4. Siemens
- 11.2.4.1. Business Overview
- 11.2.4.2. Product Application, & Services
- 11.2.4.3. Recent Developments
- 11.2.4.4. Financials (Based on Availability)
- 11.2.5. NIDEC
- 11.2.5.1. Business Overview
- 11.2.5.2. Product Application, & Services
- 11.2.5.3. Recent Developments
- 11.2.5.4. Financials (Based on Availability)
- 11.2.6. Hitachi Energy
- 11.2.6.1. Business Overview
- 11.2.6.2. Product Application, & Services
- 11.2.6.3. Recent Developments
- 11.2.6.4. Financials (Based on Availability)
- 11.2.7. Hyosung Heavy Industries Corporation
- 11.2.7.1. Business Overview
- 11.2.7.2. Product Application, & Services
- 11.2.7.3. Recent Developments
- 11.2.7.4. Financials (Based on Availability)
- 11.2.8. Jema Energy
- 11.2.8.1. Business Overview
- 11.2.8.2. Product Application, & Services
- 11.2.8.3. Recent Developments
- 11.2.8.4. Financials (Based on Availability)
- 11.2.9. Mitsubishi Electric
- 11.2.9.1. Business Overview
- 11.2.9.2. Product Application, & Services
- 11.2.9.3. Recent Developments
- 11.2.9.4. Financials (Based on Availability)
- 11.2.10. Sieyuan
- 11.2.10.1. Business Overview
- 11.2.10.2. Product Application, & Services
- 11.2.10.3. Recent Developments
- 11.2.10.4. Financials (Based on Availability)
- 11.2.11. American Superconductor
- 11.2.11.1. Business Overview
- 11.2.11.2. Product Application, & Services
- 11.2.11.3. Recent Developments
- 11.2.11.4. Financials (Based on Availability)
- 11.2.12. Rongxin Power LTD (PXHK)
- 11.2.12.1. Business Overview
- 11.2.12.2. Product Application, & Services
- 11.2.12.3. Recent Developments
- 11.2.12.4. Financials (Based on Availability)
- 11.2.13. NR Electric Co., LTD
- 11.2.13.1. Business Overview
- 11.2.13.2. Product Application, & Services
- 11.2.13.3. Recent Developments
- 11.2.13.4. Financials (Based on Availability)
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