The global market for cosmeceutical products offers great opportunities to the industry players. According to “Global Cosmeceuticals Market Analysis”, the latest research report by RNCOS, China has been establishing itself as one of the leading cosmeceutical markets worldwide. The number of anti-aging products in the country increased from 209 in 2007 to 502 in 2010, and at present, its personal care market is the second largest in Asia-Pacific after Japan. The rapidly rising disposable income levels and huge population base will continue to drive the Chinese cosmeceutical market, which is likely to grow phenomenally in coming years.
The report, an upshot of broad research and comprehensive analysis, estimates that the global cosmeceutical market, which reached US$ 27.2 Billion in 2010, is expected to cross the US$ 35 Billion-mark by the end of 2014. As per the findings, the global cosmetic industry has been spending a significant amount of money on the R&D which investigates mechanisms of aging skin that is establishing as an attractive feature of market. It is expected that the market will be boosted by the growing segment of baby boomers and other factors. Also, there are high chances that the growth in cosmeceutical market will outpace the expected growth in personal care market.
The report seeks growth opportunities existing in the global cosmeceutical market, and provides statistics for the same. Presenting a thorough insight into cosmeceutical markets in various countries, the study covers latest developments and provides future outlook. It gives a comprehensive overview of the market drivers, trends and key products. Spread over 65 pages, the research report also includes details of cosmeceutical ingredients, forecasts, and profiles of prominent industry players to provide a balanced outlook of the industry. Overall, it tries to depict the industry’s understandable picture to clients.
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