Cosmeceuticals Market Scope, Demands and Supply 2019-2023
Posted 9 months ago in Other.
The cosmeceuticals market is segmented in terms of product type that include skin care, hair care, oral hygiene, and others. Among these products types, the skin care products segment is expected to grow at the fastest rate. Skin care cosmeceuticals treat dermatologic diseases and includes products such as sunscreens, skin lightening agents, exfoliants, and anti-aging.
The cosmeceuticals market is also segmented by packaging materials into glass, plastic, metal, and others. Among these, the metal segment dominates the market because it protects cosmeceuticals from germs, moisture, and heat. Moreover, metal casing can be recycled after disposing, is unbreakable, and can be easily carried.
The distribution channel of cosmeceuticals has been segmented into store based and non-store based, for which store-based holds the maximum share as consumers favor consultations and testing of cosmeceutical products before purchasing.
Some of the key players in the global cosmeceuticals market are L'Oréal S.A. (France), Allergan, Plc. (Ireland), Avon Products, Inc. (UK), Johnson & Johnson (US), Procter & Gamble Co. (US), The Estée Lauder Companies Inc. (US), Merck & Company, Inc. (US), Royal DSM NV (Netherlands), Unilever NV (Netherlands), and Evonik Industries AG (Germany).
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The global cosmeceuticals market has been segmented into product type, packaging material, distribution channel, and region.
The market on the basis of product type has been segmented into skin care, hair care, oral hygiene, and others.
The market, by packaging material, has been segmented into glass, plastic, metal, and others.
The market, by distribution channel, has been segmented into store based and non-store based.
Europe is holding the maximum share of the cosmeceuticals market owing to rising adoption of beauty products supported by increasing health concern among consumers. Cosmeceutical consumers in this region are more aware of the importance of healthy lifestyles. They take more responsibility for their personal health, integrating mental and physical well-being.
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