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Cosmeceuticals Market (2015 - 2020)
Cosmeceuticals Market Overview
Cosmeceuticals are cosmetic products laced with ingredients which have
medicinal properties. Cosmeceuticals is not a FDA approved term so the
products sold under Cosmeceutical industry are termed as cosmetic
products according to FDA. These products are applied on the outer
skin/scalp similar to cosmetics but contain added ingredients with penetrate
into skin to deliver essential nutrients to promote healthy skin or hair
growth. Cosmeceuticals for skin care dominate the sales in the market
primarily due to high demand for anti-aging products. Increasing median age
population in highly developed economies such as U.S., U.K., Japan and
Canada is fuelling the sales of anti-aging cosmeceutical products. Global
cosmeceuticals market is estimated to grow at a CAGR of 9.2% through
2020.
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