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Global Cosmeceutical Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2028: Key Players are Shiseido Co. Ltd and Revlon Inc.

05-22-2023 10:30 AM CET | Fashion, Lifestyle, Trends

Press release from: Knowledge Sourcing Intelligence LLP

The prime factor driving the global cosmeceutical market growth is the growing use of organic cosmetics and the rise in consciousness among aged people to look young.

As per the report, the global cosmeceutical market is expected to grow steadily over the forecast period.

Cosmeceuticals are cosmetic products that contain biologically active ingredients with potential therapeutic benefits for the skin. They bridge the gap between cosmetics and pharmaceuticals, offering cosmetic enhancement and medicinal properties for skin care. Organic ingredients are considered safer and healthier options, free from harmful chemicals and synthetic additives commonly found in traditional cosmetics. The growing emphasis on clean beauty and eco-consciousness has made consumers seek cosmeceuticals formulated with organic extracts, oils, and botanicals. This shift towards organic cosmetics aligns with rising awareness of the potential long-term benefits of cosmeceutical products. The launches of organic-based cosmetic goods will drive the demand for cosmeceuticals. In July 2022, L'Oréal Professional Paris introduced its "Curl Expression" product line in Nigeria, consisting of 10 unique products designed for natural and curly hair. In June 2022, Samisha Organic expanded its product portfolio by launching new superior skincare products that are cost-effective and entirely natural with no side effects. Old age people are looking for products to maintain and improve their appearance. Cosmeceuticals, which combine cosmetics and medicines, offer anti-aging skin care products that help fulfill the aged people's desire. The growing age population and the increase of newly launched anti-aging products propel the demand for cosmeceuticals. According to the Population Reference Bureau (PRB), in 2020, the aged population in the US is expected to rise to 69% from 56.0 million to 94.7 million between 2020 and 2060. In 2020, Ame Organic launched an age-defying day and cell renewal night serum. When used together, both serums would balance the skin's oil and moisture ratio and help people look younger biological age.

Sample request or complete report can be purchased through the link below:

https://www.knowledge-sourcing.com/report/global-cosmeceutical-market

The global cosmeceutical market has been segmented into product type, distribution channel, and geography. Based on product type, the market has been segmented into skincare, hair care, lip care, and oral care. Skincare is further classified as anti-aging, anti-acne, sun protection, and moisturizers. In contrast, hair care is classified as shampoos and conditioners, hair colorants and dyes, and other hair care product types.

By region, Asia Pacific is expected to retain a considerable market share due to the growing self-consciousness among the population living in cities, coupled with a change in lifestyle choices which has increased the demand for cosmetic items such as skin, lips, and haircare. Recently, the term "cosmeceuticals" began to acquire popularity in China, where it is currently one of the most well-liked product categories. In March 2022, Shiseido launched a new clean beauty brand called "Ule" to grow its skin beauty portfolio. The busy and more stressful lifestyle of consumers and the worsening environmental conditions have contributed to an increase in skin problems among customers, and they are looking for skin rejuvenation products. Additionally, the growing number of millennials in the region are spending more on cosmetics to maintain their appearance.

As a part of the report, the major players operating in the global cosmeceutical market that have been covered are L'Oreal SA, Procter & Gamble, Unilever PLC, Shiseido Co. Ltd, Revlon Inc., Groupe Clarins SA, Beiersdorf AG, Johnson & Johnson Inc., Kao Corporation, and Avon Products Inc.

This global cosmeceutical market has been analyzed into the following segments:

• By Product Type

o Skin Care

• Anti-aging
• Anti-acne
• Sun Protection
• Moisturizers
• Others

o Hair Care

• Shampoos and Conditioners
• Hair Colorants and Dyes
• Others

o Lip Care
o Oral Care

• By Distribution Channel

o Supermarket/Hypermarkets
o Online Retail Stores
o Convenience Stores
o Specialist Stores
o Others

• By Geography

o North America

• United States
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• United Kingdom
• Germany
• France
• Spain
• Others

o Middle East and Africa

• UAE
• Israel
• Saudi Arabia
• Others

o Asia Pacific

• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others

Explore More Reports:

Cosmetics Ingredients Market: https://www.knowledge-sourcing.com/report/cosmetics-ingredients-market

Global Nutricosmetics Market: https://www.knowledge-sourcing.com/report/global-nutricosmetics-market

Global Halal Cosmetics Market: https://www.knowledge-sourcing.com/report/global-halal-cosmetics-market

Contact Us:
Knowledge Sourcing Intelligence
Phone: +1-850-250-1698
E-Mail: info@knowledge-sourcing.com

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.

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