Cosmeceuticals Market: Global Industry Analysis and Forecast 2016 - 2022

The cosmeceuticals business is predicted to grow globally as consumers become more aware about their appearance. In the personal care business, the cosmetics section is predicted to grow at the fastest rate. The worldwide cosmeceuticals industry is predicted to be driven by rising demand from the middle class and a growing urban population.

Various reasons, such as the presence of better quality and premium priced cosmeceuticals goods, are also supporting the global cosmeceuticals market. Cosmeceuticals products are used for a variety of purposes, including skin irritation, skin lightening, and tooth whitening. The cosmetics sector is quickly expanding, with double-digit growth predicted in the next four to five years.

Although cosmeceuticals are in high demand, a variety of additional therapeutic options are now becoming available. These therapeutic options are projected to enhance the cosmeceuticals market's completeness and, to some extent, to stifle its expansion.

The global cosmetics market is divided into three categories: product type, ingredient, and geography. Hair care, skincare, lip care, tooth whitening, injectables, and others are among the product types segmented. In the anticipated time, skincare is expected to be the most popular segment, followed by hair care.

The anti-ageing sub-segment of skincare is predicted to generate the most income over the forecasted period. However, due to several benefits such as weight loss and wrinkle reduction, the injectable segment is predicted to develop at the fastest rate in the next four to five years.

The cosmeceuticals market is divided into antioxidants, proteins, peptides, botanicals, moisturisers, and others based on the ingredients utilised. The antioxidant section is the leading segment, and it is predicted to generate the most revenue over the forecasted period.

Due to expanding consumer awareness of the benefits of cosmeceuticals and an increase in the number of premium grade cosmeceuticals products, the global cosmeceuticals market is predicted to rise strongly over the forecasted period.