Cosmeceuticals Market

Cosmeceuticals Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
Frequently asked questions about this report

The cosmeceuticals market was estimated to be US$ 57.06 Billion in 2022.

The cosmeceuticals market is expected grow at a CAGR of 8.0% between 2023 to 2032.

The global cosmeceutical market is being driven by a range of factors, including increasing consumer demand for anti-aging and skincare products, the growing prevalence of skin diseases and conditions, and increasing disposable incomes and changing lifestyles, particularly in emerging markets.

The skin care segment is the largest owing to the fact that skin care products are the most widely used and sought after by consumers, regardless of their age or gender.

North America is the largest regional market for cosmeceuticals, owing to the high demand for anti-aging and skincare products.

Key growth strategy is geographic expansion, as companies seek to tap into new and emerging markets around the world. This includes expanding into regions such as Asia-Pacific, where there is a large and growing middle-class population that is increasingly focused on health and wellness.

The fastest-growing segment based on ingredients in the cosmeceutical market is the botanicals segment. This is due to the growing demand for natural and organic cosmeceuticals, which are seen as safer and more sustainable than traditional products.

Chanel, Estée Lauder, Johnson & Johnson, Kao Corporation, L'Oréal, LVMH, Natura & Co, Procter & Gamble, Revlon, Shiseido, The Body Shop, Unilever, Amorepacific, Avon Products, Coty Inc., among others, are the prominent market players in this industry.