Cosmeceuticals Market size was valued at USD 45.07 Billion in 2021 and is projected to reach USD 95.09 Billion by 2030, growing at a CAGR of 8.64 % from 2022 to 2030.
Cosmetics with bioactive components intended to have therapeutic effects are known as cosmeceuticals. A drug, cosmetic, or both may be involved. They are applied topically as creams or lotions, much like cosmetics, but contain active substances that have an impact on how skin cells operate. In exceptional circumstances, their effect is constrained to the skin’s surface, while others may adhere to deeper depths, each of which might enhance or limit the regular functions of the skin. These are offered on the market as either prescription or over-the-counter goods. All kinds of businesses involved in pharmaceuticals, biotechnology, natural products, and cosmetics are constantly working to improve the active ingredients used in cosmeceuticals, and advances in the field and our understanding of skin biology and pharmacology have helped the cosmetic industry develop novel active compounds more quickly.
A transition from synthetic to natural personal care products has increased demand for cosmetics. For cosmeceuticals to be sure they have a known benefit and can back up their claims, clinical testing is ideal. The cosmeceutical industry, however, lacks much oversight and regulation. Similar to medications, cosmetics are not required to be evaluated by the Therapeutic Goods Administration (TGA) in Australia and the Food and Drug Administration (FDA) in the United States. They do not need to be tested to make sure the efficacy (effectiveness) claims they make are true, even if they are typically tested for protection.
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Major Players in Cosmeceuticals market are:
Beiersdorf AG
Procter & Gamble
Murad Incorporated
Roche Holding
Merck & Company
Lonza AG
Pharmaceuticals International
Estée Lauder
Merz GmbH
Croda International
L’Oréal SA
DuPont
Bayer AG
Royal DSM
Ashland Incorporated
Kao Corporation
Allergan Incorporated
BASF SE
Johnson & Johnson
Avon Products
Most important types of Cosmeceuticals products covered in this report are:
Skincare Cosmeceuticals
Haircare Cosmeceuticals
Oral Care Cosmeceuticals
Make-Up Cosmeceuticals
Most widely used downstream fields of Cosmeceuticals market covered in this report are:
Specialty Stores
Hypermarkets, Supermarkets, and Convenience Stores
Drugstores
Others
Major Regions or countries covered in this report:
North America
Europe
China
Japan
Middle East and Africa
South America
India
South Korea
Southeast Asia
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