Global Cosmeceuticals Market: Overview
The cosmeceuticals market
involves the increasing category of cosmetic products that have
drug-like benefits. These products are fast outpacing all other product
segments in the personal care and cosmetics industry vis-à-vis growth
rate. The different types of cosmeceuticals products available in the
market include lip care, hair care, tooth whitening, skincare,
injectable and others. Of these, the skincare segment holds a leading
share and is trailed by hair care segment. In the skincare segment,
anti-ageing products are most popular and hence gross maximum revenue.
The primary ingredients used in the
manufacture of cosmeceuticals are botanicals, antioxidants, proteins,
moisturizers, peptides, etc. Antioxidants, among them, clocks maximum
revenue. Currently, specialty stores account for maximum sales. Going
forward, aggressive marketing policies of manufacturers and distributers
will lead to more uptake of the products worldwide.
A report by TMR Research shows conveys
in-depth and accurate information on the global market for
cosmeceuticals. It describes the scope of the market, segments it
depending upon various parameters, and forecasts its growth trajectory.
It furnishes a qualitative analysis of the prominent growth drivers and
restraints in the market. The report also profiles important players in
the market and leverages market leading analytical tools to gauge the
current competitive dynamics.
Global Cosmeceuticals Market: Trends and Opportunities
With people worldwide becoming
increasingly consciousness about their looks, the global cosmeceuticals
market is primed for robust growth in the upcoming years. The rising
number of middle aged people, a burgeoning urban population, and a
fast-paced life are predicted to further drive demand in the market.
Availability of a plethora of superior quality and premium priced
cosmeceuticals products in the market has also been spurring growth.
Cosmeceuticals products are used for skin
irritation, tooth whitening, skin lightening, and in a host of other
things. Posing a roadblock to the growth path of the global market for
cosmeceuticals is the rapid emergence of different treatment options. A
key trend noticed in the global Cosmeceuticals market is the emergence
and popularity of natural and organic products.
Global Cosmeceuticals Market: Regional Outlook
Geographically, the key segments of the
global market for machine control system are Asia Pacific, North
America, Europe, and the Rest of the World. The market is forecasted to
clock impressive growth in the developed economies of Europe and North
America. This is because of the penchant for looking younger among the
inhabitants of the nations of France, the U.K., Germany, and the
Netherlands, among others. Also fuelling demand in the two continents is
the high spending capacity of the people and the aggressive marketing
strategies of the companies.
In terms of growth rate, however, the
Asia Pacific market is slated to gain the most. The market is highly
lucrative on account of the fast-expanding developing economies in the
region. Sensing an opportunity, most cosmeceutical brands are making
efforts to make inroads in the Asia Pacific. The e-commerce boom in the
region has made it easier for people to purchase quality products of
renowned brands. Further, the rising fortunes of the middle class with a
discerning taste, particularly in the countries of India, China,
Russia, and Brazil will predictably further stoke growth in the
cosmeceuticals market.
Companies Mentioned in the Report
To present a detailed analysis of the
competition prevailing in the global market for cosmeceuticals, the
report profiles companies such Unilever Group, Procter & Gamble,
Allergan Inc., Colgate-Palmolive, BASF SE, Arch Chemicals, and Croda
International.
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