Discover trends, market shifts, and competitive outlooks for the cosmeceuticals industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

How Has The Cosmeceuticals Market Growth Evolved From 2024 To 2025, And What’s Ahead?

In recent times, there has been substantial growth in the size of the cosmeceuticals market. Expectations are that it will increase from a value of $60.65 billion in 2024 to $65.29 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.7%. This historical growth can be credited to factors such as the aging population, advancements in scientific research, a rise in disposable income, health and wellness trends, and regulatory alterations.

In the forthcoming years, the cosmeceuticals market is projected to witness substantial growth, reaching a valuation of $92.2 billion by 2029, with a 9.0% compound annual growth rate (CAGR). This growth over the forecast period can be credited to factors such as the emergence of non-invasive beauty procedures, an upsurge in men’s grooming and skincare, the digital transformation of skincare, the increase in customized skincare, and the clean beauty movement. Key trends that will shape the market in the forecast period are the use of cannabis-derived components, the importance of transparency and traceability, the emergence of nutricosmetics, hybrid skincare-beauty items, and microbiome-friendly products.

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What Are the Major Market Drivers Behind the Rising Adoption of Cosmeceuticals Market?

The rise in skin disorder occurrences is anticipated to drive the expansion of the cosmeceuticals market. Skin disorders are conditions that impact the look, composition, texture, and general health of the skin. Bioactive ingredients in cosmeceuticals provide therapeutic benefits and can supplement the treatment of different skin conditions like photo-melanosis, photo-tanning, and pigmentation disorders such as melasma or freckles. For example, the American Cancer Society published a report in January 2023 stating that melanoma only constitutes around 1% of skin cancers but is responsible for the majority of skin cancer deaths, with about 97,610 new melanomas predicted to be diagnosed in 2023 alone (58,120 in men and 39,490 in women), and 7,990 deaths anticipated. Additionally, the National Psoriasis Foundation stated in December 2022 that Psoriasis affects 125 million people worldwide, equivalent to 2 to 3 percent of the total population. As a result, the cosmeceuticals market is predicted to grow due to the increased prevalence of skin disorders.

Which Key Market Segments Comprise the Cosmeceuticals Market and Drive Its Revenue Growth?

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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Which Areas Are Leading Regions in the Cosmeceuticals Market Expansion Across the Globe?

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.

What Are the Strategic Trends Steering theCosmeceuticals Market Direction?

Advancements in technology are becoming a major trend in the cosmeceuticals industry. To remain competitive, firms in this market are embracing new technologies. For example, in February 2022, the pharmaceutical company, Merck KGaA, based in Germany, unveiled the RonaCare Baobab and RonaCare Hibiscus. These fresh cosmetic ingredients are derived from highly nutritious superfoods: the baobab fruit and hibiscus flower. These ethically-procured botanical extracts are perfectly suitable for a variety of topical applications, from routine skincare to dermatological cosmetics. RonaCare Baobab works to protect vital skin matrix factors like elastin and collagen while reducing irritation, while RonaCare Hibiscus provides relief for sensitive skin, protects against oxidative stress, improves skin cell health, and blocks collagen breakdown, collectively promoting healthier and stronger skin.

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How Is the Cosmeceuticals Market Conceptually Defined?

Cosmeceuticals refers to cosmetic products that contain active ingredients with potential therapeutic properties, beyond basic cosmetic benefits. Cosmeceuticals are designed to improve the appearance and health of the skin, hair, and overall aesthetics.

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