Cosmeceuticals Market Scope
The cosmeceuticals are the combination of bioactive ingredients with pharmaceutical products, they are cosmetics products which have similar benefits as pharmaceutical products. The global cosmeceuticals market will continue to rise due to the rising demand for products to treat appearance-related health problems like skin allergies, hair-fall, etc. The increasing spendings from developing countries are increasing which contributes to the growth of the cosmeceuticals market.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Key Companies Profiled | Johnson & Johnson (United States), L'Oreal S.A. (France), Bausch Health Companies Inc. (Canada), ZO Skin Health, Inc. (United States), Amorepacific Group (South Korea), La Prairie Group AG (Switzerland), Procter & Gamble Company (United States), JH Skincare Clinic (United States) and Biomylz (India) |
CAGR | % |
Johnson & Johnson (United States), L'Oreal S.A. (France), Bausch Health Companies Inc. (Canada), ZO Skin Health, Inc. (United States), Amorepacific Group (South Korea), La Prairie Group AG (Switzerland), Procter & Gamble Company (United States), JH Skincare Clinic (United States) and Biomylz (India) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Cosmeceuticals market by Type , by Application (Skin Care, Hair Care, Oral Care, Eye Care and Others) and Region with country level break-up.
On the basis of geography, the market of Cosmeceuticals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2024.
"The FD&C Act defines drugs as those products that cure, treat, mitigate or prevent disease or that affect the structure or function of the human body if a product makes such claims it will be regulated as a drug. If a brand launches a product that claims to affect the structure or function of the body, the FDA would consider it to be a new drug and would require clinical trials to be done to prove its effectiveness and safety. Assuming that all of the claims from the cosmeceutical product were shown to be true in clinical studies and the product effective, the FDA would approve it -- but as a new drug. That's a pharmaceutical, not a cosmeceutical."
Influencing Trend:
Americas are Increasingly Using Cosmeceuticals and Surging Production of Premium Cosmeceutical Products
Market Growth Drivers:
Rising Skin Related Concern to People Around the Globe and Increasing Demand for Overall Appearance Related Health Issues
Challenges:
High-Cost Investment in Cosmeceuticals Production
Restraints:
Allergy-Related Problems Associated with Cosmeceuticals
Opportunities:
Increasing Spendings of People from Developing Countries in Cosmeceuticals
Key Target Audience
Cosmeceuticals Manufacturers, Cosmeceuticals International Traders, Cosmeceuticals Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies, Upstream and Downstream Buyers and Others