Cosmeceuticals are the latest addition to the health industry and are described as cosmetic products with drug-like benefits. With the rise of more knowledgeable, wealthy, and beauty-conscious class of urban consumers, cosmeceuticals have come a long way in recent years to become one of the fastest growing cosmetic options. Advancements in technology and emergence of new ingredients have further contributed to the progress in the commercialization of cosmeceutical products worldwide. The market that reached to the mark of US$ 27.2 Billion in 2010 is likely to augment at a rapid pace in the coming years with anti-aging skin care taking the top spot in revenue patterns.
According to our new research report, “Global Cosmeceuticals Market Analysis”, the global cosmeceutical market offers huge potential in the Asian countries, such as Japan, China, and India, which are also set to attract major players in future. Though the market is at the nascent stage in India and China, there remains an untapped large population, with the desire to look young and fair. Japan has already made a niche mark in the global cosmetics market and its position in the cosmeceutical (having quasi drug status) segment is effectively improving.
Through in-depth and prudent analysis of the developments taking place at the global level, we have observed that the market is presently dominated by skin care and hair care cosmeceuticals. However, injectable and other key sub-segments, such as tooth whitening, lip protection, etc are also garnering substantial amount of revenue patterns for cosmetic companies. In addition, research into new ingredients such as stem cell and peptides for skincare-based cosmetics is anticipated to alter the market dominance in the days to come.
The report provides extensive information and rational analysis of the global cosmeceutical market. Our team of researchers has thoroughly examined current market trends, industrial developments, and competitive landscapes to enable clients with a proper understanding of the market structure and its progress in the coming years. The report also offers an insight into the segment-wise market trends prevailing at the regional level to provide an overview of developments taking place in these segments across the world. Overall, the report is likely to provide clients with an optimum source of knowledge and statistics related to cosmeceuticals market worldwide.