Synthetic cosmetics are effecting the consumers due to the lack of sustainability and skin problems . Consumers are there for preferring natural product which are expected to be more efficient and solve the skin issues without any side effects . Changing lifestyles and poor food habits among young generation leading to premature aging is driving
the need for more beauty products with health benefits . Emerging need for multi- functional products by both consumers and manufacturers resulting in reduced purchased of extra raw materials , which is very economical besides occupying less floor space . For example cationic micro emulsion of amino functional silicone is designed for a wide range of hair care products such as shampoos conditioners and colorants .
Rising women employment rate and therefore increase in affluent women population in the countries is anticipated to drive the cosmeceuticals market manufacturers to develop new products with improved injectable , such as solid HA fillers . Skin lotions and moisturizers , deodorants and perfumes , eye and facial make-up preparations , oil , soaps and shampoos , hair colors , toothpastes , injectable and materials use as a component of a cosmetic product are part of cosmeceuticals . Global warming aiding sunscreen creams market is anticipated to influence the demand for cosmeceuticals . Increase in environmental pollution , exposure to solar radiation , people are becoming more aware of personal care products and prefer cosmeceuticals , which can provide essential ingredients and nutrients rather than cosmetics . Nanotechnology has played an important role in driving the cosmeceuticals market cosmeceuticals market growth . Using new techniques to at an atomic or level , have been the root of numerous advancements , for the future of industry . These technologies offer the advantage of variety in products , and increase bioavailability of active ingredients and enhance the aesthetic appeal of the products . However , increased use of nanotechnology in has raised concern about the possible penetration of nanoparticles through the skin and poses a potential danger to the human health .
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High cost of branded cosmeceutical products poses a challenge to the market growth . Higher investment in research and development , costs of raw materials procurement and availability of professional expert in the industry increases the price of the products limiting the consumer purchasing power . Cosmeceutical market is segmented based on its applications , which include , hair care , skin care and injectable . Skin care is the largest application segment followed by hair care . Anti-ageing creams , sunscreen , anti-acne and skin whitening products are sub segments in skin care market . Anti-ageing product accounts for majority share in the skin care segment . This can be attributed to the increasing desire by the consumers to have a youthful and radiant skin . Injectable segment is expected to witness maximum growth over the forecast period due to the growth in biologics market and awareness of dermal fillers .
Asia Pacific cosmeceuticals market is the largest and also expected to be the fastest growing market , the major reason being high disposable income , increasing beauty conscious consumers . Europe and North America are estimated to grow steadily with technological advancements and launch of new products in this cosmeceuticals market . The expansion in preferences in for hair care and skin care by Korean men and women intensified the overall demand in this country . Japan Is expected to observe higher growth in anti-ageing skin care products . Rapid product innovation and aging baby boomers generate strong growth of cosmeceuticals market in North America . Major players in the