Pune, March 24, 2020 (GLOBE NEWSWIRE) -- The global cosmeceuticals market size is projected to reach USD 73.73 billion by the end of 2026. The increasing investment in the R&D of newer products will have a massive impact on the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled “Cosmeceuticals Market Size, Share & Industry Analysis, By Product (Skin Care, Hair Care, Injectable and Others), By Distribution Channels (Pharmacy/Drug Stores, Online Stores, and Others), and Regional Forecast, 2019-2026,” the market was worth USD 37.41 billion and will exhibit a CAGR of 8.9% during the forecast period, 2019-2026.
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Cosmeceuticals are products that are inclusive of normal cosmetics and a few pharmaceuticals. The primary purpose behind the use of these products is the need for enhancing body appearance. These functions are carried out by the antioxidants used in the cosmeceuticals products. Recent advances in manufacturing as well as ingredients of these products will bode well for the market in the forthcoming years. The increasing adoption of visually appealing aesthetics, coupled with the availability of cosmeceuticals at a low cost, will have a positive impact on the growth of the market in the coming years. Additionally, the increasing number of regulatory approvals has boded well for the market in recent years and will continue to have a positive impact on the market in the coming years.
Increasing Number of Company Mergers Will Aid Market Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. The increasing number of company mergers and acquisitions has had a massive impact on the growth of the market. Accounting to the huge potential held by the products, several large scale companies are looking o invest more in the research and development of newer products. Moreover, major companies are looking to acquire small and medium enterprises, with a bid to establishing a stronghold in the market. In October 2018, Shiseido announced that it has completed the acquisition of ‘Drunk Elephant.’ The company possesses an attractive portfolio of clean clinical skincare products. This acquisition will not only help the company grow, but will have a massive impact on the growth of the market in the coming years.
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North America to Emerge Dominant; Increasing Investments by Major Companies Will Aid Market Growth
The report analyses the ongoing blood screening market trends across North America, Latin America, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific holds the highest market share, driven by the huge demand for these products in several countries across this region. As of 2018, the market in Asia Pacific was worth USD 18.32 billion and this value is projected to increase further in the coming years. Besides Asia Pacific, the market in North America and the Middle East and Africa will witness moderate growth in the coming years.
List of the companies that are operating in the Cosmeceuticals Market include:
- L’Oréal
- Beiersdorf Global
- Croda International Plc
- Allergan
- Avon
- BASF SE
- Estée Lauder Companies Inc.
- Shiseido Company, Limited
- Procter & Gamble
- Elementis
- Others
Industry Developments:
April 2019: L’Oréal is planning to acquire and merge with companies that offer a range of make-up and skin care products to enhance its existing portfolio of skin care products.
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Detailed Table of Content:
- Introduction
- Others Scope
- Market Segmentation
- Others Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Overview: Trends in Cosmeceuticals Market
- Snapshot of Active Ingredients Used in Cosmeceuticals
- New Product Launch
- Key Industry Developments - Mergers, Acquisitions, and Partnerships
- Global Cosmeceuticals Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product Type
- Skin Care
- Anti Ageing
- Skin Whitening
- Sun Protection
- Professional Skincare
- Anti-Acne
- Others
- Hair Care
- Hair Growth
- Anti Dandruff
- Others
- Injectables
- Botox
- Dermal fillers
- Other Injectables
- Others
- Lip Care
- Tooth Whitening
- Anti Cellulite/Body Slimming Preparations
- Others
- Skin Care
- Market Analysis, Insights and Forecast – By Distribution Channels
- Pharmacy/Drug Stores
- Online stores
- Others
- Market Analysis, Insights and Forecast – By Geography
- North America
- Europe
- Asia pacific
- Rest of the World
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