Industry Outlook and Trend Analysis
The global Cosmeceuticals Market was worth USD 35.64 billion in 2014 and is expected to reach approximately USD 75.33 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 8.67% during the forecast period. Research developments with the assistance of advancements in technology like nanotechnology, stem cell technology, and the rise of new active ingredients are fundamentally boosting the development of the worldwide cosmeceuticals market. They are making use of new ingredients, for example, peptides and concentrates from plant stems for the fabrication of topical skincare products. Marine ingredients are likewise drifting in the cosmeceuticals space. Makers are likewise featuring the particular pharmaceutical ingredients and clinically demonstrated realities for the products, which will help in the market's development amid the conjecture time frame. With the wellness and health pattern picking up prominence over the globe, a few BPC vendors are thinking of cosmeceutical products that are incorporated with medicinal and therapeutic solutions.
Product Outlook and Trend Analysis
In 2016, the skincare fragment ruled the cosmeceuticals market and possessed the biggest bit in the worldwide market. The developing awareness about the advantages of cosmeceutical products has pushed numerous shoppers to change from customary skincare products to cosmeceutical skincare products. The anti-aging cosmeceutical products portion is one of the significant supporters of this section, regarding income.
Retail Format Outlook and Trend Analysis
The specialty stores segment is the most significant income creating retail format in the worldwide cosmeceuticals market. Components like the expanding fame of beauty and beauty cosmetics specialty retail stores are driving the development of this section. Through such particular stores, the makers and wholesalers can design their financial plans for promotions, advertising, brand building, marketing, IT support, and training.
Regional outlook and Trend Analysis
Amid 2015, the Americas commanded the worldwide cosmeceuticals market and possessed the biggest share of the overall industry. Currently, the area is seeing an expanded selection of cosmeceutical products, particularly in the excellent class, because of the developing shopper awareness about the advantages of these products. The US is the key income generator in the Americas attributable to the high offers of facial serums, kin lightening products, face oils, and anti-aging products.
The cosmeceuticals market in the developed nations is experiencing a development stage, which has opened new development scope for rising areas like APAC. The business sectors in nations like China and India in APAC display impressive development opportunities for the market players, for the most part as a result of the expanding youth populace with generally high attention to cosmeceutical products, for example, skin brightening and rub products. The leading players in the market are AVON Beauty Products, L'Oréal, Procter & Gamble, Burberry, Unilever India Exports limited, Mary Kay, Shiseido and Beiersdorf.
The Cosmeceuticals Market is segmented as follows-
Oral care cosmeceuticals
By Retail Format:
Hypermarkets, supermarkets, and convenience stores
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?