The global cosmeceutical market is expected to grow at a CAGR of around 9.0% from 2020 to 2027 and expected to reach the market value of around US$ 74.2 Bn by 2027.
Cosmeceutical is a combination of cosmetics and pharmaceuticals and an emerging category of skincare products. Cosmeceutical comprises essential cosmetic products with associated medical benefits. They are considered "cosmetic plus" products consisting of active ingredients such as moisturizers, UV filters, antioxidants, botanical activity, retinoid, proteins, exfoliates, proteins and peptides, anti-inflammatory agents, slimming agents and active agents of melanin. A cosmeceutical product varies by changing the amount of active ingredients at higher levels, or a variety of these active ingredients often used in combination. This stronger formulation has the ability to bring visible changes to the skin, making it a result-focused product. Cosmeceutical products are often limited to professional skin care retail outlets where consultation is possible.
Market Dynamics
"Nanotechnology" is racing to bolster its growth in Cosmeceuticals market
Cosmeceuticals is the fastest-growing segment of the personal care industry, and the number of topical cosmeceutical treatments for conditions involving photo-aging, hyper-pigmentation, wrinkles and hair damage has received considerable attention in the global market for cosmetics. Cosmeceuticals, based on nanotechnology, is currently gaining enormous importance in the global market as nanotechnology-based cosmeceuticals promotes the diversity of products and increases the bioavailability of active ingredients and increases the aesthetic appeal of long-acting cosmeceutical products. Incorporation of nanotechnology in cosmeceutical aims at making perfumes lost longer, sunscreens to protect the skin from skin damage, anti-aging creams to fight back skin aging, and moisturizers to maintain the hydration of the skin. The primary advantage associated with nanoparticles in cosmeceutical involves improvement in stability of cosmetic ingredients (eg. vitamins, unsaturated fatty acids, and antioxidants); and offer efficient protection of the skin from harmful ultraviolet (UV) rays, provide aesthetically pleasing products, and targeting of active ingredient to the desired site and controlled release of active ingredients for prolonged effect.
Growing ageing population is anticipated to stimulate tremendous growth in the Cosmeceuticals market during the forecast period
As the growing ageing population demands less invasive, non-surgical alternatives to slow down the effects of ageing on the skin, the cosmeceutical industry is gaining tremendous attention and growing rapidly. According to statistics published by DocMode Health Technologies Pvt. Ltd., the anti-aging cosmetics market in India is over INR 60 crores and the fastest growing segment at 93% y-o-y. However, the market is only 2% of the country's INR 3,000 crore skincare market. Cosmeceuticals are mainly used to treat the signs of skin ageing that involve lack of skin surface regularity, formation of rhagades and increasing prevalence of dyspigmentation. Cosmeceutical products consist of all ingredients that stimulate the production of collagen, improve the texture of skin and reduce the appearance of fine wrinkles. Other ingredients that can be found in anti-aging cosmeceutical include rosmarinic acid, vitamin C, and tea extracts. These ingredients are highly recommended for slowing down ageing and also possess pharmacological actions that may slow down ageing. Cosmeceutical is therefore the best way to prevent ageing. Furthermore, the combination of cosmeceutical ingredients in a moisturizing agent can increase the benefits and greatly improve the appearance of the skin.
Market Segmentation
Cosmeceutical market is segmented based on product, material type, active ingredients, and distribution channel. Based on the product, the market is segmented as skincare, haircare, and oral care. Based on material type, the market is classified into natural and multifunctional/synthetic. By active ingredients, the market is further segmented as alpha hydroxy acids, antioxidants, botanicals, exfoliates, moisturizers, peptides, retinoids, sunscreens, depigmenting agents, and others. Based on the distribution channel, the market is bifurcated into supermarkets & specialty stores, and online platforms.
By means of products, skincare products will dominate the cosmeceuticals market globally by recording significant market share throughout the forecast period. This is attributed to exposure to harmful radiation that causes premature skin ageing resulting in skin cancer. This is one of the major factors responsible for the high demand or utilization of skincare products. In addition, there is an increase in awareness of the various benefits associated with the use of personal care products, including demand for natural and organic skincare products, making it a major sector of the cosmetics industry. Moreover, the demand for multifunctional products is expected to fuel the growth of the skincare product segment, contributing to the growth of the cosmeceutical industry in the coming years.
Based on the distribution channel, the segment of supermarkets & specialty stores will hold the largest market share in the forecast period. This is strongly supported by aggressive promotional campaigning and a number of marketing strategies of distributors and manufacturers in specialty stores, including a variety of bulk purchase offers. A surge in disposable income in developing countries such as Asia-Pacific results in a high consumer preference for bulk purchases in supermarkets & specialty stores.
Regional Landscape
Based on the regional market for cosmeceuticals, North America has a dominant share currently and is expected to continue the same trend until the forecast period. Among the countries of North America, the United States has three major trading blocks for the cosmeceutical market. Developed healthcare infrastructure and rising per capita expenditure in the country are considered to be the preliminary factors driving the growth of the cosmeceutical market. In addition, the cosmetics industry ranks high among the patent holders of nanotechnology in the US. Prominent manufacturers in the US have a strong focus on research and development (R&D) and new product launches. For example, L'Oreal, which spends 3.4% of its revenue on research and innovation, is considered a pioneer and also recognized as the industry leader in nano patents, followed by Procter & Gamble and Henkel. Moreover, the high demand for anti-wrinkle products in North American is boosting the growth of the cosmeceutical market globally.
On the other hand, Asia Pacific is expected to witness the fastest CAGR for the cosmeceuticals market worldwide. Due to the massive expansion of product offerings in developing economies, the region is gaining high traction. The popularity of e-commerce or e-tailing in the Asia Pacific has helped the population to deliver better quality brands in the region. In addition, Europe is expected to have the second largest market share for the cosmeceutical market. As the region comprises a large pool of patients suffering from dry skin disorders due to weather conditions, there is an increasing demand for beneficial and multifunctional skincare cosmetic products. This ultimately contributes to the global growth of the cosmeceutical market.
Competitive Landscape
The prominent players of cosmeceutical market involve Johnson & Johnson Services, Inc., THE AVON COMPANY, Croda International Plc, Procter & Gamble, The Estée Lauder Companies Inc., Shiseido Company, Limited, L'Oréal S.A., Beiersdorf AG, Allergan, Unilever, and among others
Market Segmentation
Market By Product
Skin Care
Hair Care
Oral Care
Market By Material Type
Natural
Multifunctional/Synthetic
Market By Active Ingredient
Alpha Hydroxy Acids
Antioxidants
Botanicals
Exfoliates
Moisturizers
Peptides
Retinoid
Sunscreens
Depigmenting Agents
Others
Market By Distribution Channel
Supermarkets & Specialty Stores
Online Platforms
Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Cosmeceuticals
1.1. Definition and Scope
1.1.1. Definition of Cosmeceuticals
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Cosmeceuticals Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Cosmeceuticals Market By Product
1.2.3. Cosmeceuticals Market By Material Type
1.2.4. Cosmeceuticals Market By Active Ingredient
1.2.5. Cosmeceuticals Market By Distribution Channel
1.2.6. Cosmeceuticals Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Regulatory Compliance
3.6. Competitive Landscape, 2019
3.6.1. Player Positioning Analysis
3.6.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Cosmeceuticals Market By Product
4.1. Introduction
4.2. Cosmeceuticals Revenue By Product
4.2.1. Cosmeceuticals Revenue (US$ Mn) and Forecast, By Product, 2016-2027
4.2.2. Skin Care
4.2.2.1. Skin Care Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.3. Hair Care
4.2.3.1. Hair Care Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.4. Oral Care
4.2.4.1. Oral Care Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 5. Cosmeceuticals Market Revenue By Material Type
5.1. Introduction
5.2. Cosmeceuticals Revenue (US$ Mn) By Material Type
5.2.1. Cosmeceuticals Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
5.2.2. Natural
5.2.2.1. Natural Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Multifunctional/Synthetic
5.2.3.1. Multifunctional/Synthetic Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Cosmeceuticals Market By Active Ingredient
6.1. Introduction
6.2. Cosmeceuticals Revenue (US$ Mn) By Active Ingredient
6.2.1. Cosmeceuticals Revenue (US$ Mn) and Forecast By Active Ingredient, 2016 - 2027
6.2.2. Alpha Hydroxy Acids
6.2.2.1. Alpha Hydroxy Acids Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Antioxidants
6.2.3.1. Antioxidants Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.4. Botanicals
6.2.4.1. Botanicals Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.5. Exfoliates
6.2.5.1. Exfoliates Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.6. Moisturizers
6.2.6.1. Moisturizers Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.7. Peptides
6.2.7.1. Peptides Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.8. Retinoid
6.2.8.1. Retinoid Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.9. Sunscreens
6.2.9.1. Sunscreens Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.10. Depigmenting Agents
6.2.10.1. Depigmenting Agents Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.11. Others
6.2.11.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. Cosmeceuticals Market By Distribution Channel
7.1. Introduction
7.2. Cosmeceuticals Revenue (US$) By Distribution Channel
7.2.1. Cosmeceuticals Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
7.3. Supermarkets & Specialty Stores
7.3.1. Supermarkets & Specialty Stores Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.4. Online Platforms
7.4.1. Online Platforms Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. North America Cosmeceuticals Market By Country
8.1. North America Cosmeceuticals Overview
8.2. U.S.
8.2.1. U.S. Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
8.2.2. U.S. Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Material Type, 2016-2027
8.2.3. U.S. Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Active Ingredient, 2016-2027
8.2.4. U.S. Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016-2027
8.3. Canada
8.3.1. Canada Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
8.3.2. Canada Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Material Type, 2016-2027
8.3.3. Canada Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Active Ingredient, 2016-2027
8.3.4. Canada Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016-2027
8.4. North America PEST Analysis
CHAPTER 9. Europe Cosmeceuticals Market By Country
9.1. Europe Cosmeceuticals Market Overview
9.2. U.K.
9.2.1. U.K. Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
9.2.2. U.K. Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Material Type, 2016-2027
9.2.3. U.K. Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Active Ingredient, 2016-2027
9.2.4. U.K. Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016-2027
9.3. Germany
9.3.1. Germany Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
9.3.2. Germany Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Material Type, 2016-2027
9.3.3. Germany Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Active Ingredient, 2016-2027
9.3.4. Germany Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016-2027
9.4. France
9.4.1. France Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
9.4.2. France Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Material Type, 2016-2027
9.4.3. France Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Active Ingredient, 2016-2027
9.4.4. France Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016-2027
9.5. Spain
9.5.1. Spain Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
9.5.2. Spain Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Material Type, 2016-2027
9.5.3. Spain Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Active Ingredient, 2016-2027
9.5.4. Spain Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016-2027
9.6. Rest of Europe
9.6.1. Rest of Europe Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Product, 2016-2027
9.6.2. Rest of Europe Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Material Type, 2016-2027
9.6.3. Rest of Europe Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Active Ingredient, 2016-2027
9.6.4. Rest of Europe Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016-2027
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Cosmeceuticals Market By Country
10.1. Asia Pacific Cosmeceuticals Market Overview
10.2. China
10.2.1. China Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
10.2.2. China Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
10.2.3. China Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Active Ingredient, 2016 - 2027
10.2.4. China Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
10.3. Japan
10.3.1. Japan Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
10.3.2. Japan Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
10.3.3. Japan Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Active Ingredient, 2016 - 2027
10.3.4. Japan Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
10.4. India
10.4.1. India Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
10.4.2. India Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
10.4.3. India Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Active Ingredient, 2016 - 2027
10.4.4. India Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
10.5. Australia
10.5.1. Australia Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
10.5.2. Australia Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
10.5.3. Australia Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Active Ingredient, 2016 - 2027
10.5.4. Australia Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
10.6. South Korea
10.6.1. South Korea Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
10.6.2. South Korea Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
10.6.3. South Korea Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Active Ingredient, 2016 - 2027
10.6.4. South Korea Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
10.7.2. Rest of Asia-Pacific Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
10.7.3. Rest of Asia-Pacific Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Active Ingredient, 2016 - 2027
10.7.4. Rest of Asia-Pacific Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Cosmeceuticals Market By Country
11.1. Latin America Cosmeceuticals Market Overview
11.2. Brazil
11.2.1. Brazil Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
11.2.2. Brazil Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
11.2.3. Brazil Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Active Ingredient, 2016 - 2027
11.2.4. Brazil Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
11.3. Mexico
11.3.1. Mexico Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
11.3.2. Mexico Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
11.3.3. Mexico Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Active Ingredient, 2016 - 2027
11.3.4. Mexico Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
11.4. Rest of Latin America
11.4.1. Rest of Latin America Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
11.4.2. Rest of Latin America Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
11.4.3. Rest of Latin America Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Active Ingredient, 2016 - 2027
11.4.4. Rest of Latin America Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
CHAPTER 12. Middle East & Africa Cosmeceuticals Market By Country
12.1. Middle East & Africa Cosmeceuticals Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
12.2.2. Saudi Arabia Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
12.2.3. Saudi Arabia Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Active Ingredient, 2016 - 2027
12.2.4. Saudi Arabia Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
12.3. UAE
12.3.1. UAE Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
12.3.2. UAE Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
12.3.3. UAE Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Active Ingredient, 2016 - 2027
12.3.4. UAE Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Product, 2016 - 2027
12.4.2. Rest of Middle East & Africa Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Material Type, 2016 - 2027
12.4.3. Rest of Middle East & Africa Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Active Ingredient, 2016 - 2027
12.4.4. Rest of Middle East & Africa Cosmeceuticals Market Revenue (US$ Mn) and Forecast By Distribution Channel, 2016 - 2027
CHAPTER 13. Player Analysis Of Cosmeceuticals
13.1. Cosmeceuticals Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Cosmeceuticals Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. Company Profile
14.1. Johnson & Johnson Services, Inc.
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. Johnson & Johnson Services, Inc. 2019 Cosmeceuticals Business Regional Distribution
14.1.4. Product/ Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. THE AVON COMPANY
14.3. Croda International Plc
14.4. Procter & Gamble
14.5. The Estée Lauder Companies Inc.
14.6. Shiseido Company, Limited
14.7. L'Oréal S.A.
14.8. Beiersdorf AG
14.9. Allergan
14.10. Unilever
14.11. Others
