Cosmeceuticals have become the fastest growing segment of the Cosmetics and Personal Care Industry. These products are described as cosmetic products with drug-like benefits and are the recent addition to the Cosmetics Industry. With increasing fascination among people to look young and the global population’s increasing median age, the cosmeceuticals product market is growing at a significant rate. Advancements in technology and emergence of new and herbal ingredients have further contributed to the progress in the commercialization of cosmeceutical products worldwide. In 2013, the market was estimated at US$ 35 Billion and is likely to augment at a CAGR of around 7% during 2013-2018.
The global cosmeceutical market will witness the emergence of various new trends around the world. The rising rate at which cosmeceuticals are being adopted is fuelling the demand for natural active ingredients, paving way for plant stem cells. The report, “Global Cosmeceuticals Market Outlook 2018” provides an insight into more such trends in the coming few years which will help revolutionize the perception about cosmeceuticals. The report has been divided into various chapters which provide a detailed account of the current and future markets. The cosmeceutical industry has been segmented into various broad heads such as skin care, hair care, injectables etc., which have been further broken into segments such as anti aging, anti acne, and sun protection.
A region wise breakup has been added that provides the reader an outlook into various geographies, their current and future markets, prevailing trends and recent developments. The market offers huge potential among the Asian countries of Japan, China, and India which are set to attract major players in future. Japan has already made a niche presence in the global cosmetics market and its position in the cosmeceutical segment is effectively improving.
At the end, a competitive landscape featuring the major players of the industry has been covered. Thorough analysis has been conducted on the key strategies of various cosmetic players that will help the client to have an understanding of the competitors in the global cosmeceutical industry. Overall, the report is intended to provide clients with an optimum source of knowledge and statistics related to the cosmeceuticals market worldwide.
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