Cosmeceuticals Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024

Cosmetics and pharmaceuticals together make cosmeceuticals. A cosmeceutical has the active potential ingredient to bring about visible changes to the skin, and these changes are backed by clinical indication. Cosmeceutical products are marketed as cosmetics, though they comprise biologically active ingredients that provide medicinal or drug-like properties. For example, anti-wrinkle skin creams includes ingredients such as alpha lipoic acid and dimethylaminoethanol and creams containing cellular replacement serum that claim to have anti-aging properties. The cosmetic industry coined the term, though the US FDA does not recognize the term cosmeceuticals. A cosmetic product will effectively maintain skin quality by providing somewhat temporary results. It may contain active ingredients, though concentration of these actives is usually negligible. A cosmeceutical product differs from such cosmetic products, as it has a high concentration of active ingredients and usually comprises various active ingredients. This formulation can bring about visible changes to the skin making it a results-focused product. Cosmeceutical products are restricted to professional skin care vendors where a consultation can be provided.

The cosmeceuticals market includes a large category of cosmetic products that have drug-like benefits. Varity of cosmeceuticals products available in the market include lip care, skincare, tooth whitening, hair care, injectable and others. The skincare segment holds a prominent share and is followed by hair care segment. In the skincare segment, anti-ageing products are most popular and hence, gross maximum revenue.

Cosmeceuticals Market Outlook: Developed Regions Still Offer Lucrative Growth Opportunities

The global cosmeceuticals market is expected to witness strong growth over the forecast period, owing to rising consumer awareness regarding the benefits of cosmeceuticals. Among all regions, North America is projected to contribute the highest market share, followed by Europe throughout the forecast period. The well-developed healthcare infrastructure and high per capita income in the U.S., drives growth of the cosmeceuticals market size. The Asia Pacific market in cosmeceuticals is projected witness highest growth during the forecast period, due to large middle-aged population (the largest demographic group in the market) and increasing disposable income in this region. In Asia Pacific region, Japan is expected to contribute largest market share and to exhibit with highest growth, followed by China.

Increasing inclination towards maintaining personal aesthetics and increasing number of urban population together with rising consumer awareness related to benefits of cosmeceuticals

Integration of advanced technologies such as nanotechnology, plant stem cell technology, and the development of new active ingredients are spurring growth of the global cosmeceuticals market. Large middle age population and baby boomer generation are inclined towards maintaining their personal aesthetic appeal, in turn fueling growth of the global cosmeceuticals industry. Furthermore, development of new active ingredients will create opportunities for global market. A major factor that restraints growth of the cosmeceuticals market is growing consumer awareness related to harmful effects of ingredients used in cosmeceuticals.

In cosmeceuticals, only Federal Trade Commission (FTC) works to scrutinise any advertised claims of pharmaceutical products or scientific validity. Opportunities in cosmeceutical market development are those that provide protection of skin from radiation and also oxidant damage by non-irritating ingredients which improve skin appearance.

Cosmeceuticals Market Taxonomy

On the basis of product type, the cosmeceuticals market is classified into:

    • Skin Care
    • Hair Care
    • Injectable
    • Cosmeceuticals Products

On the basis of ingredient, the cosmeceuticals market is classified into:

    • Antioxidants
    • Proteins
    • Peptides
    • Botanicals
    • Moisturizers

Key players operating in the global cosmeceutical market include Croda International Plc, Bayer, Procter & Gamble, Beiersdor, Johnson & Johnson, Shiseido, Elementis, Unilever, L'Oréal, and Avon.

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
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Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

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  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

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