PUBLISHER: The Business Research Company | PRODUCT CODE: 1669523
PUBLISHER: The Business Research Company | PRODUCT CODE: 1669523
Cosmeceuticals are cosmetic products enriched with active ingredients that offer potential therapeutic benefits, extending beyond traditional cosmetic effects. These products aim to enhance the health and appearance of the skin, hair, and overall aesthetics.
The primary categories of cosmeceuticals include skincare, haircare, injectables, oral care, and other related products. Skincare involves practices and products utilized to maintain and improve skin health and appearance. These products are formulated with a variety of ingredients such as proteins, antioxidants, vitamins, metals, ceramides, peptides, amines, acids, and exfoliants. Cosmeceuticals are accessible through diverse distribution channels such as supermarkets, pharmacies, drug stores, beauty salons, online retail platforms, among others.
The cosmeceuticals market research report is one of a series of new reports from The Business Research Company that provides cosmeceuticals market statistics, including cosmeceuticals industry global market size, regional shares, competitors with a cosmeceuticals market share, detailed cosmeceuticals market segments, market trends, and opportunities, and any further data you may need to thrive in the cosmeceuticals industry. This cosmeceuticals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The cosmeceuticals market size has grown strongly in recent years. It will grow from $60.65 billion in 2024 to $65.29 billion in 2025 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to aging population, scientific research, increasing disposable income, health and wellness trends, regulatory changes
The cosmeceuticals market size is expected to see strong growth in the next few years. It will grow to $92.2 billion in 2029 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to rise of non-invasive beauty treatments, men's grooming and skincare, digitalization in skincare, rise in personalized skincare, clean beauty movement. Major trends in the forecast period include cannabis-derived ingredients, transparency and traceability, rise of nutricosmetics, hybrid skincare-beauty products, and microbiome-friendly products.
The growth of the cosmeceuticals market is anticipated to be propelled by the increasing prevalence of skin disorders. Skin disorders encompass a variety of conditions affecting the skin's appearance, structure, texture, or overall health. Cosmeceuticals, characterized by skincare products containing bioactive ingredients with therapeutic benefits, play a role in managing and complementing the treatment of various skin disorders such as photo-melanosis, photo-tanning, melasma, and freckles. For instance, as of January 2023, data from the American Cancer Society indicates that melanoma, though constituting only about 1% of skin cancers, is responsible for the majority of skin cancer deaths. The anticipated rise in skin disorders, including conditions such as psoriasis, affecting 125 million people globally, is expected to drive the demand for cosmeceutical products, contributing to market growth.
The significant growth in disposable incomes worldwide is a key driver for the cosmeceuticals market. Increasing disposable incomes on a global scale influence consumer behavior, fostering a heightened demand for premium and specialized cosmeceutical products. This trend is evident in data from the Bureau of Economic Analysis (BEA) as of October 2023, revealing a notable increase in disposable income for Americans-from $18,247.8 billion in the first quarter of 2022 to $19,880.2 billion in the first quarter of 2023. As consumers have more financial resources at their disposal, the demand for high-quality cosmeceuticals is expected to rise, contributing to the overall growth of the market.
Technological advancements are a significant trend gaining traction in the cosmeceuticals market. Companies in this sector are adopting new technologies to maintain their competitive edge. For example, in February 2022, Merck KGaA, a Germany-based pharmaceutical firm, introduced RonaCare Baobab and RonaCare Hibiscus. These innovative cosmetic ingredients are sourced from nutrient-rich superfoods: the baobab fruit and hibiscus flower. Ethically harvested, these botanical extracts are suitable for various topical products, including daily skincare and dermocosmetics. RonaCare Baobab aids in protecting essential skin matrix components such as elastin and collagen while reducing irritation, whereas RonaCare Hibiscus soothes sensitive skin, shields against oxidative stress, boosts skin cell vitality, and prevents collagen degradation, collectively promoting healthier and more resilient skin.
Major companies in the cosmeceuticals market are directing their efforts towards the development of nutricosmetics products. Nutricosmetics, referring to cosmetic products consumed orally in the form of supplements or functional foods, aim to promote skin health and beauty from within. An illustration of this strategic focus is evident in the actions of Symrise AG, a Germany-based chemicals company. In March 2023, Symrise launched diana food bioactives, a collection of innovative nutricosmetic ingredients designed for use in 'Beauty from within' products. The product range includes solutions for skin conditioning and anti-aging, skin brightening, as well as hair and nail care. Comprising bioactives derived from natural sources, such as collagen type I, vitamins C and A, and polyphenols from various fruits, Symrise's venture into nutricosmetics aligns with the growing demand for holistic beauty solutions that cater to overall well-being.
In February 2022, L'Oreal, a renowned personal care company headquartered in France, completed the acquisition of Takami Co. Ltd. The financial details of the transaction were not disclosed. L'Oreal's strategic move to acquire Takami aims to fortify its future footprint and expansion in the Japanese market. Takami, recognized for its acclaimed beauty treatments, brings a valuable addition to L'Oreal's portfolio. The acquisition is particularly beneficial due to Takami's omnichannel distribution, making it a complementary brand for L'Oreal. Takami boasts a distinctive visual identity and a dedicated customer base, further enhancing L'Oreal's position in the skincare market. Takami Co. Ltd., based in Japan, is a skincare brand with a primary focus on the exploration, development, and commercialization of skincare products.
Major companies operating in the cosmeceuticals market include BASF SE, Johnson & Johnson, LVMH (Moet Hennessy Louis Vuitton), Givenchy, The Procter & Gamble Company, Unilever Plc, L'Oreal S.A., Henkel AG & Co. KGaA, The Estee Lauder Companies Inc., Chanel LTD, Allergan plc, Beiersdorf AG, Shiseido Company Limited, Natura &Co S.A, Coty Inc., Amorepacific Corporation, Avon Products Inc., Clarins, Revlon Inc., Croda International plc, Elementis plc, Lady Burd, Sabinsa Corporation, Nardo's Naturals, SBLC Cosmetics GmbH, Mineral Mine
Asia-Pacific was the largest region in the cosmeceuticals market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cosmeceuticals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the cosmeceuticals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The cosmeceuticals market includes revenues earned by the sale of products such as sun protection, anti-aging, anti-acne, professional skincare, anti-dandruff, hair growth, keratin treatment, dermal fillers, botox, and oral-care. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Cosmeceuticals Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cosmeceuticals market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cosmeceuticals ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cosmeceuticals market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.