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The global cosmeceuticals market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Cosmeceutical refers to topical cosmetic and pharmaceutical products enriched with biologically active ingredients to improve the quality of the skin. They are also highly effective in repairing damaged skin cells. Some of the commonly used cosmeceuticals include lip care, hair care, skincare and teeth whitening products, injectables and ointments. They are a rich source of antioxidants, retinol, vitamin B, C and E, alpha-lipoic acid, hyaluronic acid and polyphenols, which aid in cleansing, beautifying and cellular replenishment. These products also protect the skin from air pollution, exposure solar and ultraviolet radiation (UV) and reversing the signs of aging.
Global Cosmeceuticals Market Growth Drivers:
The increasing prevalence of skin-related complications, such as hyperpigmentation, cellulite development, acne and pore inflammation, is one of the key factors driving the growth of the cosmeceuticals market. Furthermore, rising health consciousness and consumer preference for topical skincare products to heal wounds and repair skin damage caused by prolonged exposure to the sun is providing a thrust to the market growth. There is a growing inclination among the masses to maintain a youthful appearance, thereby resulting in the widespread adoption of cosmeceutical products enriched with essential oils and extracts of superior quality. This, in turn, is creating a positive outlook for the market.
Various product innovations, such as the development of organic and natural cosmeceuticals, are acting as other growth-inducing factors. Manufacturers are also creating moisturizers, sunscreens, wrinkles and acne reducers and nail care products with bio-active ingredients that have higher efficacy and long-lasting results. Other factors, including rising expenditure capacities of the consumers, along with extensive research and development (R&D) to develop nanoparticles for skin treatment at a molecular level, are anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global cosmeceuticals market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product type, ingredient type and distribution channel.
Breakup by Product Type:
Breakup by Ingredient Type:
Breakup by Distribution Channel:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being Amway (Alticor), Avon Products Inc. (Natura & Co.), Beiersdorf AG (Maxingvest AG), Croda International Plc., Estée Lauder Inc. (The Estee Lauder Companies Inc.), Johnson & Johnson, L'Oréal S.A., Procter & Gamble, Shiseido Company Limited and Unilever.
|Base Year of the Analysis||2020|
|Segment Coverage||Product Type, Ingredient Type, Distribution Channel, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Amway (Alticor), Avon Products Inc. (Natura & Co.), Beiersdorf AG (Maxingvest AG), Croda International Plc., Estée Lauder Inc. (The Estee Lauder Companies Inc.), Johnson & Johnson, L'Oréal S.A., Procter & Gamble Shiseido Company Limited and Unilever|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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