Cosmeceuticals Market Projected to Surpass $925
million by 2023
The Report Global Cosmeceuticals Market by Manufacturers,
Countries, Type and Application, Forecast to 2023 provides
information on pricing, market analysis, shares, forecast, and
company profiles for key industry participants.
Global Cosmeceuticals Market Synopsis:
According to Market Analyst, The Global Cosmeceuticals Market is expected to grow at an impressive
Compound Annual Growth Rate (CAGR) from 2019 to 2023.
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The Cosmeceuticals industry has also suffered a certain impact, but still maintained a relatively
optimistic growth, the past four years, Cosmeceuticals market size to maintain the average annual
growth rate of 1.35% from 851 million $ in 2014 to 886 million $ in 2018, Market analysts believe that in
the next few years, Cosmeceuticals market size will be further expanded, we expect that by 2023, The
market size of the Cosmeceuticals will reach 925 million $.
The cosmeceuticals market involves the increasing category of cosmetic products that have drug-like
benefits. These products are fast outpacing all other product segments in the personal care and
cosmetics industry vis-à-vis growth rate.
Cosmeceuticals products are used for skin irritation, tooth whitening, skin lightening, and in a host of
other things. Posing a roadblock to the growth path of the global market for cosmeceuticals is the rapid
emergence of different treatment options. A key trend noticed in the global Cosmeceuticals market is
the emergence and popularity of natural and organic products.
Global Cosmeceuticals Market has been segmented on the Basis of Product Type, Industry and Region.
Based on Product Type, Cosmeceuticals Market can be sub segmented into Skincare Products, Hair Care
Products, Eye Care Products, Injectable Botox. On the Basis of Industry, Market can be sub segmented
into Hospital Pharmacy, Retail Pharmacy, Online Sales.
Regionally, The market is forecasted to clock impressive growth in the developed economies of Europe
and North America. This is because of the penchant for looking younger among the inhabitants of the
nations of France, the U.K., Germany, and the Netherlands, among others.