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REPORT SCOPE AND OVERVIEW:

The Cosmeceutical Market size was valued USD 56.80 billion in 2022 and is expected to reach USD 114.34 billion by 2030 and grow at a CAGR of 8.9% over the forecast period of 2023-2030.

Cosmetic formulas with bioactive components that are well-known for their therapeutic uses are called cosmeceuticals. The rise in the prevalence of skin disorders globally and dermatologists' preference for prescribing these products over alternative treatments are expected to fuel the demand for these products and sustain the growth of the cosmeceuticals market.

Cosmeceutical Market Revenue Analysis

In 2022, a report released by MDPI stated that 40% of all dermatological prescriptions worldwide were for cosmeceuticals. The market is anticipated to grow as a result of the notable increase in prescriptions for cosmeceuticals and the rising number of companies offering essential products for these conditions.

MARKET DYNAMICS

DRIVERS

  • Raising the consciousness of consumers

Customers are looking for skincare products that provide targeted solutions for particular skin concerns as they are growing more informed about the benefits of skincare ingredients. Cosmetic buyers give careful thought to a number of marketing mix factors, such as product quality, brand, price, advertising, availability, prior purchase history, and packaging.

  • Inventiveness and Advanced Research

The cosmeceuticals market is always changing as a result of businesses making significant investments in R&D to produce novel and inventive goods that provide more precise and efficient treatments for particular skin conditions.

RESTRAIN

  • High Cost of Products

The rising price of goods from many well-known brands has resulted in the original products being counterfeited. There exist lower-quality alternatives bearing the same brand name in the market. As a result, consumers may become less interested in reliable brands, and the reputation of the company may suffer.

OPPORTUNITY

  • Growth in Income in Developing Nations

The proliferation of cosmetic products has been made possible by rising incomes in emerging economies. Leading businesses in nations like India, China, Japan, Thailand, etc. have opened doors for the market's expansion by introducing new products.

CHALLENGES

  • Obstacles relating to regulations & Lack of standardization

 The cosmeceuticals sector is governed by a complicated network of laws that differ by nation and area. These rules can be costly and time-consuming to follow, and they may make it harder for new businesses to get established.

The term "cosmeceutical" has no accepted definition, which can be confusing to customers and make it challenging to compare products.

  • High cost of research and development

In order to demonstrate the safety and effectiveness of cosmetics, a great deal of research and development is needed. This can be costly and time-consuming, which makes it harder for small businesses to compete with more well-known, bigger brands.

Impact of ongoing Recession

The cosmetics industry has experienced significant growth and international market expansion during the economic downturn. Compared to other products consumed during the economic downturn, it produces a different outcome. Despite the challenging economic conditions and declining per capita income, the demand for cosmetics is still rising. The manufacturers of cosmetics have faced numerous challenges as they have expanded into foreign markets, which are predicted to be lucrative in the future.

IMPACT OF RUSSIAN UKRAINE WAR

Due to additional disruptions to the supply chains for beauty products caused by Russia's invasion of Ukraine, manufacturers of cosmetics are facing shortages of paper, glass, and some essential oils and alcohols, which is driving up prices despite strong demand. Similar to the food industry, the $500 billion global cosmetics market is suffering from the war's aftermath since manufacturers use sunflower-seed oils and alcohol made from organic beets and grains to make cosmetics and perfumes, all important crops grown in Ukraine.

KEY SEGMENTS

Based on Product Type

  • Skin Care

    • Anti-aging

    • 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

 Based on Distribution channel

  • Supermarkets and Specialty Stores

  • Online Platform

 Based on ingredients

  • Sunscreens

  • Antioxidants

  • Hydroxy acids

  • Retinoids

  • Skin lightening agents

  • Botanicals

  • Peptides and Proteins

Cosmeceutical Market Segmentation Analysis

Regional Coverage

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

REGIONAL ANALYSIS

The global market was dominated by Asia Pacific. The market's expansion can be attributed to the players' growing emphasis on strategic alliances, their attention being drawn to new product launches, and their increasing investments in digital infrastructure to enhance product distribution and appeal. Additionally, one of the main reasons propelling the growth of the Asia-Pacific market is the growing population and increased public awareness of these products.

North America held the second-largest market share worldwide. The region's growing use of cutting-edge dermatology products and the prevalence of a sizable patient population with dermatological conditions like eczema and melanoma are both credited with this growth. Furthermore, it is projected that a rise in dermatological procedures, including non-surgical cosmetic procedures, will increase demand for cosmeceutical products. This element will support the expansion of the local markets.

The growing popularity of innovative cosmeceutical products and the escalating incidence of skin disorders like acne have resulted in Europe holding a substantial portion of the market. Also, it is anticipated that the expansion of the distribution networks of the major market players in the region will support the growth of the regional market by meeting the growing demand for their products.

Key Players

Some of the major key players of cosmeceuticals market are Johnson & Johnson, Avon Products Inc, Croda International plc , Procter & Gamble, Estée Lauder Inc, Beiersdorf , L’Oréal Group, Shiseido, Allergan and other players.

Johnson & Johnson-Company Financial Analysis

RECENT DEVELOPMENT

A.S Watson Group and Shiseido announced a partnership to launch a new skincare brand that offers recommendations based on the unique needs of each customer.

Seed Phytonutrients is a new skincare product line that L’Oreal announced. The products are aimed at consumers who care about the environment and are made with organic ingredients and sustainable packaging.

Cosmeceuticals Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 56.80 Billion
Market Size by 2030  US$ 114.34 Billion
CAGR   CAGR of 8.9 % From 2023 to 2030
Base Year 2022
Forecast Period  2023-2030
Historical Data  2019-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product type (Skin Care, Hair Care, Lip Care, Oral Care)
• By Distribution channel(Supermarkets and Specialty Stores, Online Platform)
• By ingredients(Sunscreens, Antioxidants, Hydroxy acids, Retinoids, Skin lightening agents, Botanicals, Peptides and Proteins)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Company Profiles Johnson & Johnson, Avon Products Inc, Croda International plc , Procter & Gamble, Estée Lauder Inc, Beiersdorf , L’Oréal Group, Shiseido, Allergan
Key Drivers • Raising the consciousness of consumers
• Inventiveness and Advanced Research
Market Opportunities • Growth in Income in Developing Nations

 

Frequently Asked Questions

Ans: The cosmeceutical market size was valued USD 56.80 billion in 2022 and is expected to reach USD 114.34 billion by 2030.

Ans: The cosmeceuticals market will register growth rate of and grow at a CAGR of 8.9% over the forecast period of 2023-2030.

Ans: Cosmeceutical products contain both cosmetic and medicinal properties, are intended to have a beneficial effect on skin health and beauty, and are similar to cosmetics.

Ans: Cosmetics temporarily treat the skin, while cosmeceuticals treat the root cause of the skin concern, giving you permanent results.

Ans: Yes, cosmeceuticals have pharmaceutical benefits.

TABLE OF CONTENT

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Cosmeceuticals  Market Segmentation by Product Type
8.1Skin Care
8.1.1Anti-aging
8.1.2Anti-acne
8.1.3Sun Protection
8.1.4Moisturizers
8.1.5Other Skin Care Product Types
8.2Hair Care
8.2.1Shampoos and Conditioners
8.2.2Hair Colorants and Dyes
8.2.3Other Hair Care Product Types
8.3 Lip Care
8.4 Oral Care

9. Cosmeceuticals  Market Segmentation by Distribution channel
9.1 Supermarkets and Specialty Stores
9.2 Online Platform

10.Cosmeceuticals  Market Segmentation by ingredients
10.1Sunscreens
10.2Antioxidants
10.3Hydroxy acids
10.4Retinoids
10.5Skin lightening agents
10.6Botanicals
10.7Peptides and Proteins

11.Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Cosmeceuticals  Market by Country
11.2.2 North America Cosmeceuticals Market by Product Type
11.2.3 North America Cosmeceuticals  Market by distribution channel
11.2.4 North America Cosmeceuticals Market by ingredients
11.2.4 USA
11.2.4.1 USA Cosmeceuticals  Market by Product type
11.2.4.2 USA Cosmeceuticals  Market by distribution channel
11.2.5.3 USA Cosmeceuticals Market by ingredients
11.2.5 Canada
11.2.5.1 Canada Cosmeceuticals Market by product type
11.2.5.2 Canada Cosmeceuticals Market by distribution channel
11.2.6.3 Canada Cosmeceuticals Market by ingredients
11.2.6 Mexico
11.2.6.1 Mexico cosmeceuticals Market by product type
11.2.6.2 Mexico Cosmeceuticals Market by distribution channel
11.2.7.3 Mexico Cosmeceuticals Market by ingredients
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Cosmeceuticals  Market by Country
11.3.1.2 Eastern Europe Cosmeceuticals  Market by product type
11.3.1.3 Eastern Europe Cosmeceuticals  Market by distribution channel
11.3.1.4 Eastern Europe Cosmeceuticals Market by ingredients
11.3.1.4 Poland
11.3.1.4.1 Poland Cosmeceuticals  Market by Product Type
11.3.1.4.2 Poland Cosmeceuticals  Market by distribution channel
11.3.1.5.3 Poland Cosmeceuticals Market by ingredients
11.3.1.5 Romania
11.3.1.5.1 Romania Cosmeceuticals  Market by Product Type
11.3.1.5.2 Romania Cosmeceuticals  Market by distribution channel
11.3.1.6.4 Romania Cosmeceuticals Market by ingredients
11.3.1.6 Hungary
11.3.1.6.1 Hungary Cosmeceuticals  Market by Product Type
11.3.1.6.2 Hungary Cosmeceuticals  Market by distribution channel
11.3.1.6.3 Hungary Cosmeceuticals  Market by ingredients
11.3.1.7 Turkey
11.3.1.7.1 Turkey Cosmeceuticals  by product type
11.3.1.7.2 Turkey Cosmeceuticals  Market by distribution channel
11.3.1.7.3 Turkey Cosmeceuticals Market by ingredients
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Cosmeceuticals  Market by product type
11.3.1.8.2 Rest of Eastern Europe Cosmeceuticals  Market by distribution channel
11.3.1.8.3 Rest of Eastern Europe Cosmeceuticals Market by ingredients
11.3.2 Western Europe
11.3.2.1 Western Europe Cosmeceuticals  Market by Country
11.3.2.2 Western Europe Cosmeceuticals  Market by product type
11.3.2.3 Western Europe Cosmeceuticals  Market by distribution channel
11.3.2.3 Western Europe Cosmeceuticals Market by ingredients
11.3.2.4 Germany
11.3.2.4.1 Germany Cosmeceuticals  Market by product type
11.3.2.4.2 Germany Cosmeceuticals  Market by distribution channel
11.3.2.4.3 Germany Cosmeceuticals Market by ingredients
11.3.2.5 France
11.3.2.5.1 France Cosmeceuticals  Market by product type
11.3.2.5.2 France Cosmeceuticals  Market by distribution channel
11.3.2.5.3 France Cosmeceuticals Market by ingredients
11.3.2.6 UK
11.3.2.6.1 UK Cosmeceuticals  Market by Product Type
11.3.2.6.2 UK Cosmeceuticals  Market by distribution channel
11.3.2.6.3 UK Cosmeceuticals Market by ingredients
11.3.2.7 Italy
11.3.2.7.1 Italy Cosmeceuticals  Market by Product Type
11.3.2.7.2 Italy Cosmeceuticals  Market by distribution channel
11.3.2.7.3 Italy Cosmeceuticals Market by ingredients
11.3.2.8 Spain
11.3.2.8.1 Spain Cosmeceuticals  Market by Product Type
11.3.2.8.2 Spain Cosmeceuticals  Market by distribution channel
11.3.2.8.3 Spain Cosmeceuticals Market by ingredients
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Cosmeceuticals  Market by Product Type
11.3.2.9.2 Netherlands Cosmeceuticals  Market by distribution channel
11.3.2.9.3 Netherlands Cosmeceuticals Market by ingredients
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Cosmeceuticals  Market by Product Type
11.3.2.10.2 Switzerland Cosmeceuticals  Market by distribution channel
11.3.2.10.3 Switzerland Cosmeceuticals  Market by ingredients
11.3.2.11 Austria
11.3.2.11.1 Austria Cosmeceuticals  Market by Product Type
11.3.2.11.2 Austria Cosmeceuticals  Market by distribution channel
11.3.2.11.4 Austria Cosmeceuticals Market by ingredients
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Cosmeceuticals  Market by Product Type
11.3.2.12.2 Rest of Western Europe Cosmeceuticals  Market by distribution channel
11.3.2.12.3 Rest of Western Europe Cosmeceuticals Market by ingredients
11.4 Asia-Pacific
11.4.1 Asia Pacific Cosmeceuticals  Market by Country
11.4.2 Asia Pacific Cosmeceuticals  Market by Product Type
11.4.3 Asia Pacific Cosmeceuticals  Market by distribution channel
11.4.4 Asia-Pacific Blood Transfusion Diagnostics Market by Test Type
11.4.4 China
11.4.4.1 China Cosmeceuticals  Market by product type
11.4.4.2 China Cosmeceuticals  Market by distribution channel
11.4.5.3 China Cosmeceuticals Market by ingredients
11.4.5 India
11.4.5.1 India Cosmeceuticals  Market by Product Type
11.4.5.2 India Cosmeceuticals  Market by distribution channel
11.4.6.3 India Cosmeceuticals Market by ingredients
11.4.6 Japan
11.4.6.1 Japan Cosmeceuticals  Market by product type
11.4.6.2 Japan Cosmeceuticals  Market by distribution channel
11.4.7.3 Japan Cosmeceuticals Market by ingredients
11.4.7 South Korea
11.4.7.1 South Korea Cosmeceuticals  Market by product type
11.4.7.2 South Korea Cosmeceuticals  Market by distribution channel
11.4.8.3 South Korea Cosmeceuticals Market by ingredients
11.4.8 Vietnam
11.4.8.1 Vietnam Cosmeceuticals  Market by product type
11.4.8.2 Vietnam Cosmeceuticals  Market by distribution channel
11.4.9.3 Vietnam Cosmeceuticals  Market by ingredients
11.4.9 Singapore
11.4.9.1 Singapore Cosmeceuticals  Market by product type
11.4.9.2 Singapore Cosmeceuticals  Market by distribution channel
11.4.10.3 Singapore Cosmeceuticals Market by ingredients
11.4.10 Australia
11.4.10.1 Australia Cosmeceuticals  Market by Product type
11.4.10.2 Australia Cosmeceuticals  Market by distribution channel
11.4.11.3 Australia Cosmeceuticals Market by ingredients
11.4.11 Rest of Asia-Pacific
11.4.11.1 Rest of Asia-Pacific Cosmeceuticals  Market by product type
11.4.11.2 Rest of Asia-Pacific Cosmeceuticals  Market by distribution channel
11.4.12.3 Rest of Asia-Pacific Cosmeceuticals Market by ingredients
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Cosmeceuticals  Market by Country
11.5.1.2 Middle East Cosmeceuticals  Market by product type
11.5.1.3 Middle East Cosmeceuticals  Market by distribution channel
11.5.1.4 Middle East Cosmeceuticals  Market by ingredients
11.5.1.4 UAE
11.5.1.4.1 UAE Cosmeceuticals  Market by product type
11.5.1.4.2 UAE Cosmeceuticals  Market by distribution channel
11.5.1.5.3 UAE Cosmeceuticals  Market by ingredients
11.5.1.5 Egypt
11.5.1.5.1 Egypt Cosmeceuticals  Market by product type
11.5.1.5.2 Egypt Cosmeceuticals  Market by distribution channel
11.5.1.6.3 Egypt Cosmeceuticals Market by ingredients
11.5.1.6 Saudi Arabia
11.5.1.6.1 Saudi Arabia Cosmeceuticals  Market by product type
11.5.1.6.2 Saudi Arabia Cosmeceuticals  Market by distribution channel
11.5.1.7.3 Saudi Arabia Cosmeceuticals Market by ingredients
11.5.1.7 Qatar
11.5.1.7.1 Qatar Cosmeceuticals  Market by product type
11.5.1.7.2 Qatar Cosmeceuticals  Market by distribution channel
11.5.1.8.3 Qatar Cosmeceuticals Market by ingredients
11.5.1.8 Rest of Middle East
11.5.1.8.1 Rest of Middle East Cosmeceuticals  Market by product type
11.5.1.8.2 Rest of Middle East Cosmeceuticals  Market by distribution channel
11.5.1.9.3 Rest of Middle East Cosmeceutical Market by ingredients
11.5.2 Africa
11.5.2.1 Africa Cosmeceuticals  Market by Country
11.5.2.2 Africa Cosmeceuticals  Market by product type
11.5.2.3 Africa Cosmeceuticals  Market by distribution channel
11.5.2.3 Africa Cosmeceuticals  Market by ingredients
11.5.2.4 Nigeria
11.5.2.4.1 Nigeria Cosmeceuticals  Market by Product Type
11.5.2.4.2 Nigeria Cosmeceuticals  Market by distribution channel
11.5.2.4.3 Nigeria Cosmeceuticals  Market by ingredients
11.5.2.5 South Africa
11.5.2.5.1 South Africa Cosmeceuticals  Market by Product Type
11.5.2.5.2 South Africa Cosmeceuticals  Market by distribution channel
11.5.2.5.3 South Africa Cosmeceuticals  Market by ingredients
11.5.2.6 Rest of Africa
11.5.2.6.1 Rest of Africa Cosmeceuticals  Market by Product Type
11.5.2.6.2 Rest of Africa Cosmeceuticals  Market by distribution channel
11.5.2.6.3 Rest of Africa Cosmeceuticals  Market by ingredients
11.6 Latin America
11.6.1 Latin America Cosmeceuticals  Market by Country
11.6.2 Latin America Cosmeceuticals  Market by Product Type
11.6.3 Latin America Cosmeceuticals  Market by distribution channel
11.6.4 Latin America Cosmeceuticals Market by ingredients
11.6.4 Brazil
11.6.4.1 Brazil Cosmeceuticals  Market by Product Type
11.6.4.2 Brazil Cosmeceuticals  Market by distribution channel
11.6.4.3 Brazil Cosmeceuticals  Market by ingredients
11.6.5 Argentina
11.6.5.1 Argentina Cosmeceuticals  Market by Product Type
11.6.5.2 Argentina Cosmeceuticals  Market by distribution channel
11.6.6.3 Argentina Cosmeceuticals by ingredients
11.6.6 Colombia
11.6.6.1 Colombia Cosmeceuticals  Market by Product Type
11.6.6.2 Colombia Cosmeceuticals  Market by distribution channel
11.6.7.3 Colombia Cosmeceuticals  Market by ingredients
11.6.7 Rest of Latin America
11.6.7.1 Rest of Latin America Cosmeceuticals  Market by Product Type
11.6.7.2 Rest of Latin America Cosmeceuticals  Market by distribution channel
11.6.8.3 Rest of Latin America Cosmeceuticals by ingredients

12. Company Profile
12.1 Johnson and Johnson
12.1.1 Company Overview
12.1.2 Financials
12.1.3 Product/Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 L'Oreal
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Procter and gamble
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Unilever
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Estee Lauder
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Avon
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Croda International plc
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Estée Lauder Inc
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Beiersdorf
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/ Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 ELEMENTIS PLC.
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View

13. Competitive Landscape
13.1 Competitive Bench marking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions

14. USE Cases and Best Practices

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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Secondary Research

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Primary Research

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Data Bank Validation

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