The Cosmeceuticals Market to Worth $120.31 Billion by 2028, Nano-Cosmeceuticals to Lead the Future of the Market - Arizton

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Oct 10, 2023, 14:55 ET

CHICAGO, Oct. 10, 2023 /PRNewswire/ -- According to Arizton's latest research report, the cosmeceuticals market to grow at a CAGR of 8.73% during 2022-2028.

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Cosmeceuticals Market Research Report by Arizton

Browse in-depth TOC on Cosmeceuticals Market

143 – Tables
127 – Figures
299 – Pages

Cosmeceuticals Market Report Scope

Report Attributes	Details
Market Size (2028)	$120.31 Billion
Market Size (2022)	$72.81 Billion
CAGR (2022-2028)	8.73 %
Base Year	2022
Forecast Year	2023-2028
Market Segmentation	Application, Distribution Channels, Age Group, and Geography
Geographic Analysis	North America, Europe, APAC, Latin America, and Middle East & Africa
Market Dynamics	· Brand & Consumer Engagement with Social Media Applications · Increasing Concern About Skin & Hair Issues · Increasing Awareness & Expenditure for Personal Care

The beauty industry is experiencing significant growth due to emerging trends and a growing emphasis on personal care worldwide. A substantial portion of the global population invests heavily in beauty, personal care items, cosmeceuticals, fragrances, and cosmetics. Increased spending and a heightened awareness of skincare and haircare products drive market growth. The US has one of the highest per capita expenditures on cosmetic products and generates substantial revenue from cosmeceuticals. On the other hand, there is a rising awareness among people in low- and middle-income countries (LMICs) about the importance of personal care, leading to market growth opportunities in these regions.

Vendors Insights

L'Oréal Group is one of the leading market players in the global market. The company is increasing its competitiveness across the market by offering high-quality products. Moreover, with the increasing competition across the market, the company shifted toward using natural ingredients that reduced the side effects and delivered high results. The company decided to increase the use of natural ingredients by 95% and become the global market leader by 2030.

Proctor & Gamble maintains a global presence, operating in approximately 180 countries. The company boasts a portfolio of popular skin care and hair care brands, and it leads a substantial market share, nearly 20%, through brands like Head & Shoulders and Pantene in the retail hair care segment. Olay, one of its flagship brands, is a significant revenue driver in the facial skin care market and ranks among the top brands, contributing to over 6% of the facial skin care market share. On the other hand, Unilever enjoys a broad geographical footprint, with a presence in over 190 countries. In 2023, the company reported that its products are used by more than 3 billion people daily.

Nano-cosmeceuticals Emerging as the Latest Trend in Market

Cosmeceuticals have become a significant factor in modern lifestyle. Consumers' increasing use of cosmeceuticals in daily skin & hair care routines drives the demand for innovations in cosmeceuticals. The cosmeceuticals industry is booming rapidly with types of innovation and trends, of which nano-cosmeceuticals are one of the emerging trends that have the potential to deliver high market growth in the future.

Nanoparticles are most commonly sub-micron-sized, ranging from 1–100 nm4, increasing their cellular internalization and dermal penetration and enhancing the skin appearance comparatively better to other products. Therefore, the increasing implementation of nanotechnology to improve the effectiveness of cosmeceuticals. In addition, the application range of nanoparticles in cosmeceuticals widens hair damage care, aging treatments, wrinkles, and skin dryness. It indicates that there is high potential and growth opportunities for nano-cosmeceutical products, such as the rapid growth in the aging population and aging skin issues.

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Key Company Profiles

Estée Lauder Companies
Kao Corporation
L'oréal Group
Procter & Gamble
Unilever
Amka Products
Avon
Anveya
Amorepacific Corporation
AWAKE ORGANICS
Beiersdorf AG
Bajaj Consumer Care
CREYAN SKIN SYSTEM
Coty
Clinikally
Croda International
Henkel AG & Co. KGaA
Formel Skin
GIOVANNI COSMETICS
Galderma
Glossier
Guerlain
GROUP MARCELLE COSMETICS
Group Clarins
GRUPO BOTICÁRIO
Kaya
Johnson & Johnson
Jstor House of Cosmetics
LVMH
Lass Naturals
LG H&H
LOTUS HERBALS
Miracle 10 Cosmetics
Merz Pharma
Medytox
Make-up Art Cosmetics
Marico Limited
Mamaearth
Membox
Natura & Co
Olaplex
PURA D'OR
Pink Root
Redken
Revlon
Sinclair
Suneva Medical
Salvia Cosmeceuticals
Shiseido Company
SkinCeuticals
RAMICOS COSMETICS
TONYMOLY
Wella Operations US LLC

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Market Segmentation

Application

Skin Care
Hair Care
Injectables
Others

Distribution Channels

Drug Stores/Pharmacies
Mass Merchandisers
Online
Others

Age Group

Middle-aged
Pediatric & Young Adults
Older Adults

Geography

APAC

China
Japan
India
South Korea
Australia

North America

The U.S.
Canada

Europe

Germany
France
Italy
The UK
Spain
Poland

Latin America

Brazil
Mexico
Argentina
Columbia

Middle East & Africa

Turkey
South Africa
Saudi Arabia
The UAE

Key Questions Answered in the Report:

How big is the global cosmeceuticals market?

What is the projected growth rate of the global cosmeceuticals market?

What are the rising trends in the cosmeceuticals industry?

Which region holds the most significant global cosmeceuticals market share?

Who are the key players in the global cosmeceuticals market?

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