Driven by factors like aging population, rising income and new product innovations, the global cosmeceutical market is growing unprecedentedly. According to a recent research by RNCOS, skin care is the most important segment in the global cosmeceutical industry, and it accounted for the majority share of the total market in 2010. The segment is expected to grow significantly in the years to come as an increasing number of people entering the middle stage of life will create more demand for cosmeceutical products. The study “Global Cosmeceuticals Market Analysis”, anticipates that the skin care cosmeceutical market will record the revenue of US$ 25.6 Billion by 2014.
Boosted by the growing segment of baby boomers and a younger generation of people who want beautiful, young-looking skin, the global cosmeceutical market reached the mark of US$ 27.2 Billion in 2010, and is likely to expand further in the years to come. As market players adopt new innovations, and consumers become more familiar and comfortable with cosmeceuticals, the market will continue to change. It may be said that the growth in cosmeceuticals is set to outpace the expected growth in the personal care market.
The report, spread around 65 pages, provides detailed analysis of the cosmeceutical market worldwide. It gives an insight into the segment-wise market trends prevailing at the regional level. Most importantly, drivers, and opportunities, which will stimulate the cosmeceutical market in key regions of the world, have been covered in the study. Broad information and coherent study of key cosmeceutical ingredients, such as vitamins, enzymes, and botanical actives have also been elaborated in the research. Effective methods and techniques were used in the report to present a realistic outlook of the industry to clients.
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