WASHINGTON, June 23, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global Cosmeceuticals Market finds that increasing consumer awareness of appearance, the shift from synthetic personal care products to organic products, demand for natural/organic products, increasing disposable income in emerging nations, and the availability of technologically advanced & user-friendly cosmetic products are some factors that are influencing the growth of the Cosmeceuticals Market. However, fraudulent or deceptive marketing methods wherein false claims are made to draw consumers’ attention are hampering the growth of the Cosmeceuticals Market.
The Global Cosmeceuticals Market revenue is expected to reach a value USD 77.4 Billion in the year 2028.
The Global Market revenue stood at a value USD 49.1 Billion in the year 2021 and is expected to grow to exhibit a Compound Annual Growth Rate (CAGR) of 7.9% during the forecast period; states Vantage Market Research, in a report, titled “Cosmeceuticals Market Size, Share & Trends Analysis Report by Product Type (Skin Care, Hair Care, Oral Care), by Distribution Channel (Supermarkets & Specialty Stores, Online Platform), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
Please Check Out Our Free Sample Reports and Make a More Informed Decision:
Get Access to a Free Copy of Our Latest Sample Report @ https://www.vantagemarketresearch.com/cosmeceuticals-market-1678/request-sample
(Sample reports are a great way to test our in-depth reports or study before you make a purchase)
- The newly updated, 140+ page reports provide an in-depth analysis of the COVID-19 virus and pandemic.
- Using industry data and interview with experts, you can learn about topics such as regional impact analysis, global forecast, competitive landscape analysis, size & share of regional markets.
- We offer these reports in PDF format so you can read them on your computer and print them out.
- Free sample includes, Industry Operating Conditions, Industry Market Size, Profitability Analysis, SWOT Analysis, Industry Major Players, Historical and Forecast, Growth Porter's 5 Forces Analysis, Revenue Forecasts, Industry Trends, Industry Financial Ratios.
- The report also presents the country-wise and region-wise analysis of the Vantage Market Research and includes a detailed analysis of the key factors affecting the growth of the market.
- Sample Report further sheds light on the Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis, to offer the readers an advantage over others.
Market Dynamics:
Driver:
Rising Customer Consciousness about Skin & Hair Care
Nowadays, consumers are more inclined to seek out and stick to daily routines with wellness-oriented, mindfulness-oriented cosmetic items. In this setting, skincare routines become not only a necessary ritual but also a means of increasing brand retention and lifetime value. According to GartnerL2's Q3 Digital Beauty IQ research, across all retailers, skincare growth is being driven by auxiliary product categories utilized in multistep skin care routines, such as serums, treatments, and masks. In addition, a major focus on activities by government agencies and industry participants to raise general awareness of skin and hair health has resulted in a greater number of people utilizing these products globally. The rising awareness among the customers regarding the skin care and hair care regime has led to a rise in the growth of the Cosmeceuticals Market.
High Use of Advance Technology Drives the Market
Virtual advisors are being used by more skincare brands and stores, including Sephora, Kiehl's, Vichy, and Bobbi Brown. These advisors help to chat directly with customers in real-time, uncover their wants and worries, offer products, and help them through the sales process. This is similar to the type of consultation that customers receive in stores, but it is significantly different because it is now available online over the internet. Cosmeceutical brands are growing because of the availability of information online. Technology is allowing firms to overcome impediments in product expansion, which in turn, boosts the growth of the Cosmeceuticals Market. For instance, Jean-Paul Agon, CEO of L’Oreal, has been a vocal proponent of the need for digital solutions for beauty consumers. In addition, the development of novel active ingredients using modern technologies such as plant stem cell technology and nanotechnology is propelling the growth of the Global Cosmeceuticals Market in recent years.
Key Insights & Findings from the Report:
- According to our primary respondents’ research, the Cosmeceuticals market is predicted to grow at a CAGR of roughly 7.9% during the forecast period.
- The Cosmeceuticals market was estimated to be worth roughly USD 49.1 Billion in 2021 and is expected to reach USD 77.4 Billion by 2028; based on primary research.
- On the basis of region, Asia Pacific is projected to dominate the worldwide Cosmeceuticals market.
Purchase This Premium Report (Price 4500 USD for a single-user license) at@ https://www.vantagemarketresearch.com/buy-now/cosmeceuticals-market-1678/0
Benefits of Purchasing Cosmeceuticals Market Reports:
- Customer Satisfaction: Our team of experts assists you with all your research needs and optimizes your reports.
- Analyst Support: Before or after purchasing the report, ask a professional analyst to address your questions.
- Assured Quality: Focuses on accuracy and quality of reports.
- Incomparable Skills: Analysts provide in-depth insights into reports.
Segmentation of the Global Cosmeceuticals Market:
- Product Type
- Skin Care
- Hair Care
- Oral Care
- Distribution Channel
- Supermarkets & Specialty Stores
- Online Platform
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Read Full Research Report @ https://www.vantagemarketresearch.com/industry-report/cosmeceuticals-market-1678
COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the pharmaceutical industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
The Report on Cosmeceuticals Market Highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historic Data, Estimates, and Forecast
- Company Profiles
- Global and Regional Dynamics
Regional Analysis:
Asia Pacific to Witness Fastest Growth in the Global Cosmeceuticals Market
Asia Pacific is expected to witness the fastest growth in the Global Cosmeceuticals Market during the forecast period. The market growth can be attributed to the increasing focus on strategic partnerships by the market players with a focus on new product launches. In addition, the rising population and the increasing dermatological disorders resulting from unhealthy lifestyles may drive the growth of the Cosmeceuticals Market in this region in the years to come.
Browse market data Tables and Figures spread through 142 Pages and in-depth TOC on "Cosmeceuticals Market Size, Share & Trends Analysis Report by Product Type (Skin Care, Hair Care, Oral Care), by Distribution Channel (Supermarkets & Specialty Stores, Online Platform), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)".
List of Prominent Players in the Cosmeceuticals Market:
- Johnson & Johnson
- Procter & Gamble
- Sabinsa Corporation
- L’Oréal
- Allergan
- AVON
- Estee Lauder
- Unilever
- Beiersdorf
- Croda International PLC
Recent Developments:
March 2021: L’Oreal purchased a minority investment in Swiss environmental tech start-up Gjosa, which develops unique water-saving solutions.
January 2021: Target Corp. agreed to sell its online beauty and skin care business unit Dermstore to British e-commerce company THG Holdings for $350 million in cash.
January 2021: L’Oreal signed an agreement to acquire the Japanese company Takami Co., which develops, and markets products licensed by the skincare brand Takami, owned by Doctor Hiroshi Takami, founder of two eponymous dermatological clinics in Tokyo.
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Cosmeceuticals Market?
- How will the Cosmeceuticals Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Cosmeceuticals Market?
- What is the Cosmeceuticals market drivers and restrictions?
- What will be the CAGR and size of the Cosmeceuticals Market throughout the forecast period?
This market titled “Cosmeceuticals Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
| Parameter | Details |
| Market Size Provided for Years | 2016-2028 |
| Base Year | 2021 |
| Historic Years | 2016-2020 |
| Forecast Years | 2022-2028 |
| Segments Covered | • Product Type ° Skin Care ° Hair Care ° Oral Care • Distribution Channel ° Supermarkets & Specialty Stores ° Online Platform • Region ° North America ° Europe ° Asia Pacific ° Latin America ° Middle East & Africa |
| Region & Counties Covered | • North America ° U.S. ° Canada ° Mexico • Europe ° U.K ° France ° Germany ° Italy ° Spain ° Rest Of Europe • Asia Pacific ° China ° Japan ° India ° South Korea ° South East Asia ° Rest Of Asia Pacific • Latin America ° Brazil ° Argentina ° Rest Of Latin America • Middle East & Africa ° GCC Countries ° South Africa ° Rest Of Middle East & Africa |
| Companies Covered | • Johnson & Johnson • Procter & Gamble • Sabinsa Corporation • L’Oréal • Allergan • AVON • Estee Lauder • Unilever • Beiersdorf • Croda International PLC |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
Customization of the Report:
The report can be customized as per client needs or requirements. For any queries, you can contact us on sales@vantagemarketresearch.com or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.
Download Free Sample Report Now @ https://www.vantagemarketresearch.com/cosmeceuticals-market-1678/request-sample
Browse More Related Report:
- Cross-Border B2C E-Commerce Market to Reach Valuation of USD 3,042.2 Million by 2028 - The growth of online stores and e-commerce purchasing is Driving the Market Growth.
- Cannabis Testing Market to Reach USD 2,669.45 Million by 2028.
- B2B Payments Market to Reach 1,618.15 USD Billion by 2028.
- Electric Truck Market to Reach Valuation of USD 1686.6 Million by 2028 - The Government's Focus on Zero-Emission Cars and Rules will Encourage the Use of Electric Trucks in the E-Commerce and Automotive Industries.
- Ethanol Market to Reach Valuation of USD 117.5 Billion by 2028 – Changing Lifestyle and Disposable Income among the Global Population Drives the Market.
- Green Hydrogen – The Future Fuel Set to Witness 50 - Fold Growth Increasing Investments & Government Policies to Boost Global Green Hydrogen Market.
- Green Chemicals Market to Reach Valuation of 16684.27 USD Million by 2028; Increasing Adoption of Packaging Which is Bio-based is Driving the Market.
About Vantage Market Research:
We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.
Follow Us on LinkedIn: https://www.linkedin.com/company/vantage-market-research/
Follow Us on Twitter: https://twitter.com/vantagemarketr
Contact us
Eric Kunz
6218 Georgia Avenue NW Ste 1 - 564
Washington DC 20011-5125
United States Tel: +1 202 380 9727
Email: sales@vantagemarketresearch.com
Website: https://www.vantagemarketresearch.com/
Latest Vantage Market Research Press Releases @https://www.vantagemarketresearch.com/insight/press-releases
Latest Vantage Market Research Blog @ https://www.vantagemarketresearch.com/insight/blogs
Blog:
- https://bwsc.kr/
- https://makitirapide.com/
- https://marketstrades.com/
- https://v-mr.biz/
- https://techwire24.com/
- https://eurooo.fr/
- https://basital.de/
- https://emarketbee.com/
- https://globalresearchwire.com/
- https://www.ourdia-medium.fr/
- https://www.ecofege.fr/
