The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

According to The Business Research Company’s Cosmeceuticals Global Market Report 2023, the cosmeceuticals market is expected to show promising growth in the forecast period.

The global cosmeceuticals market is experiencing remarkable growth, with a projected increase from $52.95 billion in 2022 to $56.91 billion in 2023, boasting a robust compound annual growth rate (CAGR) of 7.48%. By 2027, the market is set to reach $77.05 billion, reflecting a CAGR of 7.87%. This upward trajectory can be attributed to the rising prevalence of skin disorders and a flurry of technological advancements. In this blog, we’ll explore how skin disorders are fueling the cosmeceuticals market and delve into the role of technological innovations.

Skin Disorders: The Driving Force

• Skin disorders encompass various conditions affecting the skin’s appearance, structure, texture, or overall health.
• Cosmeceuticals, with their bioactive ingredients, are becoming essential in managing and complementing the treatment of various skin disorders such as melanoma, psoriasis, and pigmentation disorders.

The Battle Against Melanoma

• Melanoma, accounting for just 1% of skin cancers, is responsible for the majority of skin cancer-related deaths.
• In 2023, an estimated 97,610 new melanoma cases will be diagnosed, leading to approximately 7,990 deaths, as reported by the American Cancer Society.

Psoriasis: A Global Concern

• Psoriasis affects a staggering 125 million individuals worldwide, making up 2 to 3 percent of the global population.
• This chronic skin condition is a significant concern, as revealed by the National Psoriasis Foundation.

Market Leaders in Cosmeceuticals

• Major companies are propelling the cosmeceuticals market, offering a wide range of products to address skin disorders:
  • 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.
  • SBLC Cosmetics GmbH
  • Mineral Mine

Embracing Technology in Cosmeceuticals

• A prominent trend in the cosmeceuticals market is the adoption of advanced technologies.

Innovative Encapsulation Technology: Nutrinvent Balance

• In September 2021, Croda International Plc., a UK-based specialty chemicals company, launched Nutrinvent Balance, a unique encapsulation technology designed to provide rapid sebum reduction on the scalp.
• This innovation is part of their hair care ingredient line, targeting consumers who struggle with scalp oiliness.

Exploring Market Segmentation

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:
   • Supermarket
   • Pharmacy
   • Drug Stores
   • Beauty Salon
   • Online Retailing Store
   • Other Distribution Channels

Asia-Pacific: Leading the Way

• In 2022, Asia-Pacific claimed the title of the largest region in the cosmeceuticals market.
• The region is expected to continue its rapid growth in the forecast period, solidifying its position as the fastest-growing market.

View More On The Cosmeceuticals Market Report 2023 – https://www.thebusinessresearchcompany.com/report/cosmeceuticals-global-market-report

Request A Sample Of The Global Cosmeceuticals Market Report 2023:
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The Cosmeceuticals Global Market Report 2023  offers a comprehensive overview on the cosmeceuticals market size, growth rate, trends and drivers, opportunities, strategies, and competitor landscape. The countries covered in the cosmeceuticals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The Table Of Content For The Cosmeceuticals Market Include:
1. Cosmeceuticals Market Executive Summary
2. Cosmeceuticals Market Segments
3. Cosmeceuticals Market Size And Cosmeceuticals Market Growth Rate
4. Key Cosmeceuticals Market Trends
5. Major Cosmeceuticals Market Drivers
……
25. Key Mergers And Acquisitions In The Cosmeceuticals Market
26. Top Cosmeceuticals Companies
27. Cosmeceuticals Market Opportunities And Strategies
28. Cosmeceuticals Market, Conclusions And Recommendations
29. Appendix

View More Related Reports –
Mineral Cosmetics Global Market Report 2023
Vegan Cosmetics Global Market Report 2023
Probiotics Food And Cosmetics Global Market Report 2023

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