PUBLISHER: Grand View Research | PRODUCT CODE: 1552921
PUBLISHER: Grand View Research | PRODUCT CODE: 1552921
The global neurocosmetics market size is expected to reach USD 3.15 billion by 2030, growing at a CAGR of 8.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The neurocosmetics sector is witnessing significant growth, driven largely by advancements in neurotechnology. Innovations in neuroscience and neurobiology have facilitated the creation of products that enhance cognitive functions, improve mood, and support overall mental health. The integration of neuroimaging and brainwave research into cosmetic formulations has resulted in more advanced products with increased efficacy and tailored skincare solutions. As neurotechnology progresses, the market is poised for further expansion, fueled by rising consumer demand for products that combine both cosmetic and therapeutic benefits.
Consumer awareness regarding cognitive health and its influence on overall well-being has markedly contributed to the growth of the market. With a heightened emphasis on mental wellness, consumers are increasingly seeking products that address issues such as stress, anxiety, and cognitive decline. Neurocosmetics, which offer advantages beyond conventional skincare, are gaining popularity as consumers place equal importance on mental health and physical appearance. This shift in consumer priorities is driving market growth, prompting companies to innovate and introduce products that meet this emerging demand.
The neurocosmetics industry is experiencing increased investment and a surge in research and development (R&D) efforts, which is further accelerating market expansion. Both established companies and emerging startups are dedicating substantial resources to the exploration and development of neuroactive ingredients and technologies. This boost in investment is stimulating innovation and facilitating the launch of advanced products into the market.
In April 2024, Symrise AG launched Flowerconcentrole, a neurocosmetic-inspired ingredient designed to enhance mood through skincare. Developed with Symrise's proprietary Actimood technology, which is described as a mood-activating scent design, Flowerconcentrole harnessed the neurocosmetic advantages of plant extracts to promote positive emotions such as relaxation, well-being, protection, joy, and freshness. The product was intended to enable skincare brands to offer comprehensive care that integrates wellness with a sensory experience. Enhanced R&D initiatives are anticipated to bring forth new neurocosmetic solutions, broadening the range of available products and driving future market growth.