Cosmeceuticals Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Global Cosmeceuticals Market has been segmented based on Product Type (Skin Care, Haircare, Lip Care, Oral Hygiene); Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Online Stores, Specialty Stores, and Others); and Geography (North America, Europe, Asia-Pacific, South America, Middle East & Africa). The report offers market size and forecasts for the processed meat market in value (USD million) for all the above segments.

Market Snapshot

Cosmeceuticals Market Summary
Study Period: 2016 -2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: North America
CAGR: 8.81 %
Cosmeceuticals Market Major Players

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Market Overview

The global cosmeceuticals market is projected to register a CAGR of 8.81% during the forecast period (2022 - 2027).

The outbreak of Covid-19 has had a significant impact on the market of global cosmeceutical products, and it has shown declining results in the growth rate. Due to the lockdown situation going on across the globe, cosmetic manufacturers had to shut down their production units as a result of the labor shortage. However, as the problem is improving globally, the market is set to revive, and sales are expected to recover in the coming years. Furthermore, raising awareness regarding cosmeceutical and cosmetics products, such as anti-aging, sun care, and hair care products, is expected to drive growth potential in the near future. Introducing new products with bio-active ingredients plays a crucial role in driving the demand for cosmeceutical products worldwide.

Countries such as the United States, Canada, United Kingdom, Germany, and other European countries held a prominent share in the global cosmeceuticals market. China, India, and Vietnam present considerable growth opportunities for the market players, primarily due to the growing millennial population. Moreover, the leading companies are eyeing e-commerce as an opportunistic market segment as retail stores are predicted to have fewer consumer visits until the pandemic ends. Thus, skincare brands such as Olay have partnered with Shopee for a new digital campaign targeted at the millennial consumer demographic as part of its strategic e-commerce growth plans for South East Asia.

Scope of the Report

The cosmeceuticals market offers a wide range of products categorized under skincare, haircare, lip care, and oral care. Also, the market covers the products available across distribution channels supermarket/hypermarkets, convenience stores, online stores, specialty stores, and others. Moreover, the study analyzes the cosmeceuticals market in the emerging and established markets worldwide, including North America, Europe, Asia-Pacific, South America, Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).

By Product Type
Skin Care
Anti-ageing
Anti-acne
Sun Protection
Moisturizers
Other Skin Care Product Types
Hair Care
Shampoos and Conditioners
Hair Colorants and Dyes
Other Hair Care Product Types
Lip Care
Oral Care
By Distribution Channel
Supermarket/Hypermarkets
Online Retail Stores
Convenience Stores
Specialist Stores
Other Distribution Channels
By Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
Saudi Arabia
Rest of Middle-East and Africa

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Key Market Trends

Growing Ageing Population

Consumers, especially the aging population, are increasingly looking for methods and products to maintain and improve their appearance to look youthful and beautiful, especially with the rising awareness about anti-aging products. Middle-aged people are increasingly witnessing aging anxiety due to the high prevalence of signs of aging. Anti-aging skin products are cosmeceuticals, as they overlap the distinction between cosmetics and pharmaceuticals. Over the past two decades, the declining fertility and mortality rate has resulted in a sustained rise in the aging population across the region, especially in China and Japan. The strong desire among men and women to retain youthful appearances has groomed and nurtured the cosmetic industry across the region.

Cosmeceuticals Market: Population Ages 65 and above (% of total), Japan, Global, 2016-2020

Asia-Pacific Fastest Growing Region in the Market

Though the term ‘cosmeceuticals’ started gaining momentum in China recently, it has become one of the most preferred product categories in the country. Busier and stressful lifestyles of consumers in the country and worsening environmental conditions created more concern around skin conditions among consumers seeking products for skin rejuvenation. This has led to an increase in sales of cosmeceuticals. Moreover, the population of Japan is among the most prolific consumers of cosmetics, placing it among the top five national markets for personal care products. From both size, trends, and market demand, Japan can be regarded as a gateway to other Asian markets. Success in the Japanese market can raise product/brand profile and visibility, particularly in other Asian markets.

Cosmeceuticals Market - Market Size (%), By Region, Global, 2021

Competitive Landscape

The most active companies in the market include key players, such as Procter & Gamble, Unilever, L'Oréal SA, Shiseido Co. Ltd, and The Estée Lauder Companies Inc. L'Oréal SA is one of the most active companies, with numerous brands offering a broad range of cosmeceuticals, across the world. The company has improved quality and product innovation regarding ingredients, functionality, and packaging. These companies have been taking significant measures to increase their market penetration worldwide by establishing regional hubs and innovation centers. Moreover, these players are increasing their investments in R&D and marketing. They are expanding their distribution channels to maintain their market positions and offer innovative and multi-functional cosmeceuticals.

Major Players

  1. L’Oréal S.A.

  2. Procter & Gamble

  3. Unilever plc

  4. Shiseido Company, Limited

  5. Revlon Inc.

Cosmeceuticals Market Concentration

Recent Development

  • In 2022, Shiseido is introducing a new skincare brand to its clean beauty portfolio as part of plans to grow its skin beauty portfolio to account for 75% of total sales in 2022.
  • In 2021, Heliocare announced the launch of new sun protection products, including the Heliocare 360 Pigment Solution Fluid, which helps prevent and correct hyperpigmentation caused by sun damage. The product contains niacinamide to inhibit the transfer of melanin, while ellagic acid reduces melanin synthesis.
  • In 2021, Australian clean cosmeceutical brand Biologi was taking a pro-aging approach with its latest serum which harnesses the power of phytonutrients to enhance the appearance of youthful skin rather than erase away wrinkles and lines.
  • In 2020, European manufacturer and distributor of specialty chemicals and ingredients Cornelius announced the launch of the latest anti-aging skincare solution from its principal partner Silab.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables and Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Skin Care

        1. 5.1.1.1 Anti-ageing

        2. 5.1.1.2 Anti-acne

        3. 5.1.1.3 Sun Protection

        4. 5.1.1.4 Moisturizers

        5. 5.1.1.5 Other Skin Care Product Types

      2. 5.1.2 Hair Care

        1. 5.1.2.1 Shampoos and Conditioners

        2. 5.1.2.2 Hair Colorants and Dyes

        3. 5.1.2.3 Other Hair Care Product Types

      3. 5.1.3 Lip Care

      4. 5.1.4 Oral Care

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarket/Hypermarkets

      2. 5.2.2 Online Retail Stores

      3. 5.2.3 Convenience Stores

      4. 5.2.4 Specialist Stores

      5. 5.2.5 Other Distribution Channels

    3. 5.3 By Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Germany

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 L'Oreal SA

      2. 6.4.2 Procter & Gamble

      3. 6.4.3 Unilever PLC

      4. 6.4.4 Shiseido Co. Ltd

      5. 6.4.5 Revlon Inc.

      6. 6.4.6 Groupe Clarins SA

      7. 6.4.7 Beiersdorf AG

      8. 6.4.8 Johnson & Johnson Inc.

      9. 6.4.9 Kao Corporation

      10. 6.4.10 Avon Products Inc.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability
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Frequently Asked Questions

The Cosmeceuticals Market market is studied from 2016 - 2027.

The Cosmeceuticals Market is growing at a CAGR of 8.81% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

L’Oréal S.A., Procter & Gamble, Unilever plc, Shiseido Company, Limited, Revlon Inc. are the major companies operating in Cosmeceuticals Market.

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