Global Cosmeceuticals Market – By Product Type, Active Ingredients Type, Distribution Channel, Region - Market Size, Company Profiles, Industry Trends (2018 - 2025)
|$3750||Single User Price|
|$6250||Enterprise wide Price|
Cosmeceuticals products are cosmetic products containing biologically active ingredients with medicinal properties with benefits similar to pharmaceuticals. With people now focusing a lot in their appearances, the Cosmeceuticals market is expected to witness a huge demand and hence a good surge in the upcoming future.
The global Cosmeceuticals market was USD 46.14 billion in 2018 and is estimated to reach to USD 79.23 billion by 2025 at a CAGR of 8.03% during the forecasted period. The global Cosmeceuticals market is outpacing all other product segments in the personal care products and cosmetics industry.
Growth by Region
North America has the highest share in the market followed by Europe. Asia-Pacific is also a major player for the market and is expected to rise by huge numbers. North America dominates the whole world in total amongst all categories of Cosmeceuticals combined
Driver vs. Constraints
Growing desire and obsessions amongst people concerning their looks have driven this industry to further heights. As the life expectancy for men and woman rises the need for these products also rises and the market continues to expand. As people live longer the need to look younger and youthful rises.
On the other hand, various false and fake products are being launched in the market. Companies are making false claims to sell their products and increase their profits by misleading people. Cosmeceuticals are comparatively expensive to regular cosmetics which have given rise to various cheaper and low quality products which has affected the sales of genuine and proper well developed products.
Currently most of the research is being done by cosmetic companies but as the time progresses and the market expand pharmaceutical companies will be competing to jump into the market with new products continuously being released.
Johnson & Johnson