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What key factors are powering the surge in the cosmeceuticals market right now?

There has been considerable growth seen in the size of the cosmeceuticals market over the past few years. An increase from $60.65 billion in 2024 to approximately $65.29 billion in 2025, representing a compound annual growth rate (CAGR) of 7.7% is projected. Factors contributing to this historic growth includes an ever-aging population, advancements in scientific research, a rise in disposable income, evolving health and wellness patterns, as well as regulatory amendments.

How fast Is the cosmeceuticals market expected to grow, and what’s its future value?

In the upcoming years, the cosmeceuticals market is expected to witness substantial growth, reaching $92.2 billion by 2029 with a compound annual growth rate (CAGR) of 9.0%. This increase over the forecast period can be linked to factors such as the popularity of non-invasive beauty procedures, the focus on men’s grooming and skincare, digital advancements in skincare, the surge in personalized skincare, and the clean beauty movement. Cannabis-derived ingredients, transparency and traceability, the rise of nutricosmetics, hybrid skincare-beauty products, and microbiome-friendly products are anticipated to be the overriding trends during the forecast period.

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What are the leading drivers of growth in the cosmeceuticals market?

The surge in cases of skin conditions is anticipated to drive the expansion of the cosmeceuticals market. Skin conditions are defined as those that alter the look, structure, texture, or overall health of the skin. Cosmeceuticals contain bioactive components that provide medicinal benefits, and they are often used alongside treatments for various skin disorders such as photo-melanosis, photo-tanning, and pigmentation issues like melasma or freckles. For example, a study conducted by the American Cancer Society, a volunteer health organization focused on cancer in the US, revealed in January 2023 that while only 1% of skin cancers are melanoma, it is responsible for most skin cancer fatalities. In 2023, about 97,610 fresh cases of melanoma will reportedly be diagnosed (58,120 in men and 39,490 in women), and approximately 7,990 individuals are projected to die from melanoma. Moreover, the National Psoriasis Foundation, a non-profit US organization assisting those with psoriasis and psoriatic arthritis, stated in December 2022 that Psoriasis impacts 125 million people worldwide, equivalent to 2 to 3 percent of the population. Consequently, the escalation in skin disorder cases is anticipated to foster the growth of the cosmeceuticals market.

What are the key segments defining the cosmeceuticals market?

The cosmeceuticals market covered in this report is segmented –

1) By Product Type: Skincare, Haircare, Injectable, Oral Care, Other Product Types

2) By Ingredients: Proteins, Antioxidants, Vitamins, Metals, Ceramides, Peptides, Amines, Acids, Exfoliants, Other Ingredients

3) By Distribution Channel: Super market, Pharmacy, Drug Stores, Beauty Salon, Online Retailing Store, Other Distribution Channels

Subsegments:

1) By Skincare: Anti-Aging Products, Moisturizers, Sunscreens, Acne Treatments, Exfoliants

2) By Haircare: Hair Growth Products, Anti-Dandruff Treatments, Conditioners And Masks, Hair Styling Products

3) By Injectable: Botulinum Toxin, Dermal Fillers, Other Injectables

4) By Oral Care: Whitening Products, Anti-Cavity Treatments, Gum Health Products

5) By Other Product Types: Body Care Products, Foot Care Products, Nail Care Products, Men’s Grooming Products

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Who are the key players steering the development of the cosmeceuticals market?

Major companies operating in the cosmeceuticals market include BASF SE, Johnson & Johnson, LVMH (Moët Hennessy Louis Vuitton), Givenchy, The Procter & Gamble Company, Unilever Plc, L’Oréal S.A., Henkel AG & Co. KGaA, The Estée Lauder Companies Inc., Chanel LTD, Allergan plc, Beiersdorf AG, Shiseido Company Limited, Natura &Co S.A, Coty Inc., Amorepacific Corporation, Avon Products Inc., Clarins, Revlon Inc., Croda International plc, Elementis plc, Lady Burd, Sabinsa Corporation, Nardo’s Naturals, SBLC Cosmetics GmbH, Mineral Mine

What emerging trends are influencing the growth of the cosmeceuticals market?

Emerging technologies are a significant trend on the rise in the cosmeceuticals industry. Businesses within this market are incorporating new techniques to maintain their competitive edge. For example, Merck KGaA, a pharmaceutical enterprise from Germany, unveiled the RonaCare Baobab and RonaCare Hibiscus in February 2022. These pioneering cosmetic ingredients are garnered from nutrient-dense superfoods: the baobab fruit and hibiscus flower. Ethically procured, these plant extracts are perfectly suited for a variety of topically applied products, such as daily skincare and dermo-cosmetics. RonaCare Baobab aids in safeguarding key skin matrix elements like elastin and collagen, while also reducing irritation. Conversely, RonaCare Hibiscus calms irritable skin, provides defense against oxidative stress, stimulates skin cell vitality and stops collagen deterioration, jointly fostering a healthier and more sturdy skin.

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Which regions are most influential in expanding the cosmeceuticals market?

Asia-Pacific was the largest region in the cosmeceuticals market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cosmeceuticals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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