Cosmeceuticals Market- Industry Size, Trends, Global Growth, Insights and Forecast Research Report 2028

The Global & India cosmeceuticals market is expected to grow from US$ 45,916.66 million in 2021 to US$ 81,753.36 million by 2028. It is estimated to grow at a CAGR of 8.7% from 2022 to 2028.

The report highlights prevailing trends and factors driving the market growth. The market's growth is due to the increasing demand for anti-aging products and a shift to male grooming products. However, the impact of the COVID-19 pandemic is restricting the market growth.

Get a Sample PDF of report at: https://www.premiummarketinsights.com/sample/TIP00073599?utm_source=OpenPr&utm_medium=10640

The List of Companies:
1. L'Oréal S.A.
2. Beiersdorf Global
3. Croda International
4. Amway Corp.
5. Unilever PLC
6. Johnson & Johnson
7. Procter & Gamble
8. Avon Products Inc.
9. Estée Lauder Inc.
10. Shiseido Company Limited
11. BASF SE

The growth of the cosmeceuticals market can be majorly attributable to the rising consumer interest in natural and nutrition-rich products for health and beauty concerns. The aging population, increasing consumer spending, and beauty consciousness are other factors supporting the sales. It has been observed that the demand is high among people aged 30-45. Over the past decades, the decreasing mortality rate has given rise to the aging population all over the globe. People are living longer and wanting to retain their youthful appearance are positively impacting the market growth globally. The demand for anti-aging products to prevent hair damage, uneven skin tone, age spots, dry skin, and wrinkles is on the rise. This, in turn, has created opportunities for new introductions and innovations in the cosmetic industry, thus making manufacturers focus on active anti-aging-based skin products.

Inquire Before Buying @: https://www.premiummarketinsights.com/inquiry/TIP00073599?utm_source=OpenPr&utm_medium=10640

The shift of male pampering culture is another key growth promoter in the global cosmeceuticals market. The share of male consumers in the dollar sales is likely to increase with the growing demand for anti-aging and acne control cosmeceuticals among the male population. The joint efforts from influencers and brands are dismantling the ancient notion that men should not indulge in self-care. The industry should expect to further segment men's grooming, particularly in developed markets with opportunities for stronger development. In skin care, there will be growth in products designed for different skin types and degrees of stubble. The number of product launches for men will still be low compared to those for women, but the gap will narrow over time.

On the other hand, the impact of the COVID-19 pandemic and stringent regulatory approvals hinders the overall cosmeceuticals market growth. The recent coronavirus outbreak has forced governments worldwide to take strict measures to ensure the spread of the disease is limited. As more people are advised to stay indoors, people are looking to run businesses from home. Despite the slowdown in manufacturing processes, the demand for cosmeceuticals among a few categories continues to rise. Beauty endorsements, indoor marketing of products, and adoption of beauty products by online influencers have all opened a huge growth potential. The only real dilemma is the supply-demand gap. It is likely that the manufacturing restrictions will ease, and chances are companies will look to capitalize on the situation with support from e-commerce websites.

Get Full Report: https://www.premiummarketinsights.com/reports-tip/global-and-india-cosmeceuticals-market

Lack of proper regulatory approvals and health claims is hindering the penetration of these products in health savvy population. For instance, the Federal Food, Drug, and Cosmetic Act (FD&C Act) in the U.S. does not recognize the term cosmeceutical and included these under cosmetics. The regulatory system for cosmeceuticals products is complex and not strict as compared to drugs. Most of the time, new launched products are susceptible to uncertainty of regulatory review. This uncertainty in the regulations leads to launch of counterfeit goods in market which hampers the credibility of cosmeceuticals in the market.

Based on application, the cosmeceuticals market is segmented into skin care, hair care, oral care, and others. In 2021, the skin care segment held the largest market share. Moreover, the skin care segment is expected to register the highest CAGR from 2022 to 2028. Based on distribution channel, the market is segmented into supermarket/hypermarket, online retail stores, convenience stores, specialist stores, and other distribution channels.

The supermarket/hypermarket segment held the largest market share in 2021. However, the specialist stores segment is anticipated to register the highest CAGR during the forecast period. Based on age, the market is segmented into pediatrics, teens, adults, and old age consumers. The adults segment held the largest market share in 2021. However, the teens segment is anticipated to register the highest CAGR during the forecast period.

Buy a copy of this research report at @: https://www.premiummarketinsights.com/buy/TIP00073599?utm_source=OpenPr&utm_medium=10640

TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 By Application
1.3.2 By Distribution Channel
1.3.3 By Age
1.3.4 By Geography
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.3.1 India PEST Analysis
4.2.4 South & Central America PEST Analysis
4.2.5 Middle East & Africa PEST Analysis
4.3 Experts Opinion
5. Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand of Anti-ageing Products
5.1.2 Paradigm Shift to Male Grooming Products
5.2 Market Restraints
5.2.1 Effect of COVID-19 Pandemic
5.2.2 Stringent Regulatory Approvals
5.3 Market Opportunities
5.3.1 Development Opportunities in Emerging Countries
5.4 Future Trends
5.4.1 Enhanced Blue Light Protection
5.5 Impact Analysis
6. Global Analysis
6.1 Revenue Forecast and Analysis
6.2 By Geography - Forecast and Analysis
6.3 Market Positioning of Key Players
7. Revenue and Forecast To 2028- by Application
8. Revenue and Forecast To 2028 - Distribution Channel
Continued…

Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email: sales@premiummarketinsights.com

About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.

This release was published on openPR.