Global Cosmeceuticals Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cosmeceuticals Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Cosmeceuticals are cosmetic products with bioactive ingredients purported to have medical benefits. There are no legal requirements to prove that these products live up to their claims. The name is a combination of cosmetics and pharmaceuticals.

Market Overview:

The latest research study on the global Cosmeceuticals market finds that the global Cosmeceuticals market reached a value of USD 54567.7 million in 2022. It’s expected that the market will achieve USD 78826.0 million by 2028, exhibiting a CAGR of 6.32% during the forecast period.

Limitations

The increasing impact of counterfeit products is considered to be a direct result of the lack of effective regulations to regulate the pharmaceutical industry. These products pose a major threat to well-known brands, thus affecting the development of the cosmeceutical market.

With the increasing influence of online sales in cosmetics, some suppliers offer branded products at low prices, which drives consumers to buy counterfeit products. This will lead to a reduction in the market share of branded companies and a decline in customer loyalty.

In addition, as the regulatory oversight of cosmeceuticals becomes stricter, this will hinder the development of the market.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

The top three companies are Unilever, Procter & Gamble, Johnson & Johnson with the revenue market share of 15.68%, 12.82% and 9.51% in 2019.

Unilever PLC manufactures branded and packaged consumer goods, including food, detergents, fragrances, home and personal care products.

Johnson & Johnson manufactures health care products and provides related services for the consumer, pharmaceutical, and medical devices and diagnostics markets. The Company sells products such as skin and hair care products, acetaminophen products, pharmaceuticals, diagnostic equipment, and surgical equipment in countries located around the world.

Segmentation Overview:

Among different product types, Skin Care segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Supermarkets/Hypermarkets segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Cosmeceuticals market covered in Chapter 3:

GSK
Melvita
Procter & Gamble
Lonza
Avene
Sanofi
Rilastil
LaRoche Posay
Colgate-Palmolive
Shiseido
Croda International Plc
Sabinsa Corporation
Elementis
Johnson & Johnson
Allergan Inc
Clarins
Nuxe
SkinCeuticals
Clinique
Klorane
Beiersdorf
DP Dermaceuticals
Unilever
Avon
Vichy

In Chapter 4 and Chapter 14.2, on the basis of types, the Cosmeceuticals market from 2018 to 2029 is primarily split into:

Skin Care
Hair Care
Oral Care
Injectable

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cosmeceuticals market from 2018 to 2029 covers:

Beauty Parlours/Salons
Multi Branded Retail Stores
Online Channels
Supermarkets/Hypermarkets
Exclusive Retail Stores
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)