Skincare Cosmeceuticals Market – 2019-2025
Report Description:
The word cosmeceuticals are a combination of cosmetics and pharmaceuticals. Cosmeceuticals are cosmetic products that have similar benefits as pharmaceutical products.
The Americas dominated the global skincare cosmeceuticals market and occupied the largest market share.
The specialty stores segment is the highest revenue generating retail format in the global skincare cosmeceuticals market.
The global cosmeceutical market size was valued at USD 49.5 billion in 2018 and is anticipated to expand at a healthy CAGR over the forecast period. The market is anticipated to expand owing to the rising consciousness of the consumers about their physical appearance. The onset of cosmeceuticals has reformed the cosmetic and personal care industry. These products, unlike the makeup products, can resolve the origin of the imperfections rather than just covering them. This quality has resulted in a tremendous rise in the product demand and has increased its share in the cosmetic and personal care industry.
There has been a remarkable rise in the demand for organic and natural commodities due to awareness regarding the harmful side effects of the synthetic elements in these cosmetic products. Manufacturers are seen taking advantage of this trend. For instance, companies such as Onlynaturals in England and LoveLula in the U.K. earn most of their revenue from the natural skin care cosmetic products. Also, with increasing consciousness of skin-care beauty products owing to the sensitive skin of most of the Asian and American women, they are looking for cosmetic products that provide anti-inflammatory, anti-septic, anti-bacterial and moisturizing properties.
Furthermore, it has been observed that the demand is high among the people of age group 30-45. Over the past decades, the decreasing mortality rate has given rise to the aging population all over the globe. People living longer and wanting to retain their youthful appearance is positively affecting market growth globally. Demand for anti-aging products to prevent hair damage, age spots, uneven skin tone, 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 the manufacturers focus on active anti-aging based skin products.
Moreover, women are continuously coping with sedentary and hectic working lifestyles, hence get very little time to put on make-up daily. This has compelled them to buy cosmetic products with medicinal benefits to avoid using make-up. Moreover, consumers all over the world are aware of the perks of anti-oxidants, organic ingredients, and peptides in the skin. Hence, increasing the beauty and health consciousness among wealthy and knowledgeable consumers had led to an increase in market growth. However, the emergence of counterfeit and cheap cosmetics may hinder this growth. These products are hazardous to the reputed original brands since they lose their share in the market to the substandard and low-quality products. This trend is mostly seen in developing countries.
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The following manufacturers are covered:
P&G
Shiseido
Unilever
Beiersdorf
L’Oreal
Johnson & Johnson
Henkel
Kao
LVMH
Revlon
Amway
AVON Beauty Products
Chanel
Clarins
Coty
Edgewell Personal Care
Product Type Insights
The product type segment of the cosmeceutical market is classified as skincare, haircare, and oral care. The skincare category dominated the market with a share of 43.3% in 2018. Exposure to harmful ultraviolet radiation can cause premature skin-aging or can even result in skin cancer. This awareness has increased the consumer’s focus on protecting their skin by using preventive skincare products. Moreover, the demand for the multifunctional product is expected to fuel the growth of sun-care cosmetic products in the forecast period. For instance, BB creams can also function as sunblock cream, apart from a make-up serum and moisturizer. Products like these are becoming widely popular owing to their convenience, thereby driving the skincare category in this segment.
Haircare is expected to witness considerable growth in the future owing to an increase in the demand for products such as hair oil, hair color, shampoo, and conditioner. Benefits provided by shampoos such as removal of dandruff, dirt, and environmental pollutants are making it a popular daily use product. Also, eradication of the unwanted build-up without flaking out much sebum to make the hair unmanageable drives the consumers to buy branded hair care products.
Distribution Channel Insights
This segment comprises of supermarkets and specialty stores, and online platform. The supermarkets and specialty stores segment held the largest market share in 2018. This is attributed to the aggressive promotions and various marketing strategies of the distributors and manufacturers in the specialty stores, such as offers on bulk purchase. Increasing disposable income in the developing countries of Asia Pacific is resulting in the consumer’s preference for bulk purchases at the supermarkets.
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Table of Content:
1 Study Coverage
2 Executive Summary
3 Breakdown Data by Manufacturers
4 Breakdown Data by Type
5 Breakdown Data by Application
…
11 Company Profiles
12 Future Forecast
13 Market Opportunities, Challenges, Risks and Influences Factors Analysis
14 Value Chain and Sales Channels Analysis
15 Research Findings and Conclusion
16 Appendix
Continued …
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