Antioxidants Segment to Grow at Faster CAGR During 2020–2028
According to our new research study on “Cosmeceuticals Market Forecast To 2028 - Global Analysis by Product, Active Ingredients and Distribution Channel” the cosmeceuticals market size is expected to reach US$ 81,753.36 million by 2028 from US$ 45,916.66 million in 2021; it is estimated to grow at a CAGR of 8.6% from 2021 to 2028. The report highlights trends prevailing in the market, and the factors driving and hindering the cosmeceuticals market growth. The growth of the cosmeceuticals market is due to the increasing demand of anti-ageing products and paradigm shift to male grooming products. However, effect of COVID-19 pandemic is expected to restrict the cosmeceuticals market growth during the forecast period.
Global Cosmeceuticals Market, by Region, 2019 (%)
Cosmeceuticals Market Forecast to 2028 - Global Analysis by Active Ingredient (Antioxidants, Peptides and Proteins, Exfoliants, Retinoids, Botanicals, and Others), Distribution Channel (Supermarkets/Hypermarkets, Online Retail Stores, Convenience Stores, Specialist Stores, and Other Distribution Channels), and Product (Skin Care, Hair Care, Oral Care, and Others)
Cosmeceuticals Market Growth Report & Regional Outlook 2028
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Based on active ingredients, the global cosmeceuticals market is segmented into antioxidants, peptides and proteins, exfoliants, retinoids, botanicals, and others. The antioxidants segment is likely to hold the largest share of the cosmeceuticals market in 2021. Moreover, the same segment is anticipated to register the highest CAGR in the cosmeceuticals market during the forecast period, due to its transformative benefits including moisturization and brightening of the skin, reduction of fine lines and wrinkles, and alleviation of inflammation and rosacea. The growing awareness about personal care products among all genders and the increase in disposable income among common people have escalated the demand for antioxidants in cosmeceuticals across the globe. The growing concerns about premature aging has increased the application of anti-aging products to a great extent. Moreover, cosmeceutical antioxidants also work against the UV radiation and other pollutants that have adverse effects on the skin. Therefore, the growth of the cosmeceuticals market is primarily driven by the above mentioned factors.
L'Oreal S.A., Beiersdorf Global, Croda International, Amway Corp., Allergan, Unilever PLC, Johnson & Johnson, Procter & Gamble, Avon Products Inc., and BASF SE., among others are the leading companies operating in the global cosmeceuticals market.
The report segments the cosmeceuticals market as follows:
Based on the distribution channel, the cosmeceuticals market is categorized into supermarket/hypermarket, online retail stores, convenience stores, specialist stores, and other distribution channels. Based on products, the cosmeceuticals market is segmented supermarket/hypermarket, online retail stores, convenience stores, specialist stores, and other distribution channels. Based on active ingredients, the cosmeceuticals market is segmented into antioxidants, peptides and proteins, exfoliants, retinoids, botanicals, and others. Based on geography, the cosmeceuticals market is segmented into North America (the US, Canada, and Mexico), Europe (France, Germany, the UK, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
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