The Cosmeceuticals Market involves in producing the cosmetic products laced with ingredients which have medicinal properties. Cosmeceuticals can be defined as the combination of cosmetics and pharmaceuticals. Since cosmeceuticals are not FDA approved, according to FDA they are termed as cosmetic products.
Basically, these products can be used to apply on the outer skin/scalp just like cosmetics. But they contain added ingredients which penetrate into skin/scalp to deliver nutrients to promote healthy skin or to grow hair. The different types of cosmeceuticals products available in the market include face creams, face wash, lip care, hair care, tooth whitening, skin moisturizer, injectable and others. Rising demand for best skin care products is the key growth driver for the Cosmeceuticals Market.
Scope & Regional Forecast of the Cosmeceuticals Market:
Cosmeceuticals, especially products related to skin care dominate the sales due to high demand for anti aging skin care products in the Cosmeceuticals Market. Growing middle age population in developed countries like US, UK, Japan and Canada is the primary factor that fuels the sales of anti-aging cosmeceuticals products. Increasing number of people becoming conscious about their looks, results in driving robust growth.
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Availability of superior quality beauty products and premium priced cosmeceuticals products in the market also boosts the growth. Cosmeceuticals products are used for skin irritation, tooth whitening, skin lightening and some others. With the popularity of natural and organic products, Cosmeceuticals Market is registering trendy growth.
Asia-Pacific is dominating the Cosmeceuticals Market, by gaining more and is highly lucrative on account of fast expanding economies. Developing e-commerce sector gives rapid growth in this region, by making easy for people to purchase quality products on-line. Europe is leading in the next position followed by North America and Rest of the World.
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Segmentations & Key Players Involved in the Cosmeceuticals Market
According to IndustryARC findings, the Cosmeceuticals Market can be broken down into various segmentations on the basis of –
Ingredients: Botanical Actives, Enzymes, Antioxidants, Proteins & Peptides and Other Cosmeceutical Chemicals.
End-use: Skin Care, Hair Care, Botox Treatment and Others.
Region: North America, APAC, Europe and Rest of the World.
Some of the key players involved in the Cosmeceuticals Market according to IndustryARC are as follows:
Allergan Incorporated (Ireland)
Beiersdorf AG (Germany)
Royal DSM NV(Netherlands)