The global cosmeceutical products market was valued at USD 41.4 billion in 2022 and is projected to expand at a CAGR of 6.2% from 2023 to 2030. Cosmeceuticals are a hybrid between cosmetics and pharmaceuticals. They are cosmetic products that contain biologically active ingredients that are claimed to provide benefits beyond simple aesthetics. Due to the rising demand for anti-aging products, cosmeceuticals are becoming increasingly popular. The market is being driven by the increasing use of cosmeceuticals in the medical industry, alongside the rising demand for natural and organic products, and the increasing number of product launches by major market players.

The rising demand for anti-aging products is driving the growth of the cosmeceutical products market. The increasing awareness of the benefits of cosmeceuticals among consumers is expected to further propel the market growth. Furthermore, the increasing number of product launches by major market players is also driving the market growth. For instance, in December 2021, Unilever launched a new range of cosmeceuticals under the name ‘Youth Architect’. This range of cosmeceuticals includes serum, cream, and mask, which are formulated to provide benefits such as skin tone improvement, hydration, and anti-aging.

The increasing prevalence of lifestyle diseases and conditions such as obesity, cardiovascular diseases, and diabetes is driving the demand for cosmeceuticals. For instance, the growing demand for cosmeceuticals for the treatment of skin conditions such as acne and psoriasis is driving the growth of the market. Additionally, the growing demand for cosmeceuticals for the treatment of hair conditions is also driving the market growth.

Furthermore, the increasing popularity of natural and organic products is driving the demand for cosmeceuticals. The increasing demand for organic products is also driving the market growth. For instance, in March 2021, Garnier launched a new range of natural and organic products under the name ‘Natural Extracts’. The range includes shampoos, conditioners, and hair treatments, which are formulated with natural and organic ingredients.

The growing penetration of e-commerce is also driving the demand for cosmeceuticals. Consumers are increasingly preferring to purchase their products online due to the convenience it offers. Moreover, various online retailers are providing discounts and offers on cosmeceuticals, which is further driving the market growth.

The cosmeceuticals market is primarily driven by the increasing demand for anti-aging products. According to a survey conducted by the Global Anti-Aging Market Report, in 2019, the global anti-aging market was valued at USD 34.3 billion. The increasing prevalence of skin disorders, such as acne, psoriasis, and eczema, among the global population is driving the demand for cosmeceuticals. Also, the rising awareness among consumers regarding the benefits of using cosmeceuticals is boosting the market growth worldwide.

The sun care segment is anticipated to expand at the fastest CAGR of 7.2% over the forecast period. Increasing concerns regarding skin cancer, sunburn, and tanning are driving the demand for sun protection products. According to an article published by the American Academy of Dermatology, in 2019, more than 9,500 people in the U.S. were diagnosed with skin cancer every day. Furthermore, the rising awareness among individuals regarding the importance of protecting the skin from sun exposure is another factor driving the market.

The pharmacies and drug stores segment held the major share of over 33.7% in 2022. The segment is expected to continue its dominance due to the increasing demand for cosmeceuticals from customers who prefer to purchase products from brick-and-mortar stores. This is due to the fact that drugstores and pharmacies provide customers with a wide range of products, as well as personal advice from the sales staff. In addition, these stores are also well-equipped to handle the increasing demand for cosmeceutical products due to their easy availability, better pricing, and convenient locations.

The online segment is expected to register the highest CAGR of 11.9% during the forecast period. The increasing use of the internet, the availability of a wide range of products online, and the convenience of online shopping are some of the key drivers of the growth of this segment. Additionally, the increasing number of e-commerce sites dedicated to cosmetics and personal care products is further contributing to the growth of this segment. For instance, Amazon offers a wide range of cosmeceutical products, including anti-aging creams, moisturizers, and sunscreens, among others.

The cosmeceutical products segment is anticipated to expand at the highest CAGR of 10.4% over the forecast period. The surge in demand for cosmeceuticals, which are products with medicinal or drug-like benefits, is driving the market. Furthermore, the growing trend of using natural and organic products is also driving the segment. The increasing demand for skincare and haircare products, such as sunscreens, face masks, and hair serums, which contain cosmeceuticals, is increasing the demand for cosmeceutical products. Additionally, the increasing disposable income and the growing trend of using cosmeceuticals among men are also driving the segment.

The OTC segment accounted for the second-largest revenue share of 33.6% in the year 2022. Increasing social media marketing by OTC product companies such as L’Oreal and Johnson & Johnson is creating curiosity and awareness among the targeted crowd and is likely to boost the market in the forecasted period. Furthermore, the surge in the use of OTC products for various skincare and haircare problems is propelling the demand for OTC products in the market. For instance, Johnson & Johnson launched a campaign to promote its OTC products such as Neutrogena, Aveeno and Clean & Clear.

North America held the largest market share in 2022, primarily driven by the growing demand for natural and paraben-free products. The presence of a large number of cosmeceutical product manufacturers, such as Estee Lauder, L’Oreal, and Procter & Gamble, has further accelerated the growth of the market in this region. Additionally, the rising demand from the geriatric population, who are more conscious about their skincare and beauty needs, is expected to propel the market further.

Europe is anticipated to witness significant growth over the forecast period. The increasing demand for anti-aging and wrinkle reduction products is expected to drive the market in the region. The presence of a large number of global players in the region is further expected to drive the market over the forecast period. For instance, in June 2021, Unilever launched the Bright Plus range of cosmeceutical products in the UK.

In this part of the cosmeceutical products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your cosmeceutical products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions

The main source of revenues for a cosmeceutical products business comes from sales of the products. This could include sales of skincare products, cosmetics, and other beauty products. Additionally, the business could also generate revenue from the sale of subscriptions and subscriptions to the products.

Projecting Expenses

In this section, all the regular expenses related to keeping the cosmeceutical products business running will be described. The list of operating expenses includes raw materials, labor costs, administrative costs, advertising and marketing expenses, research and development costs, as well as costs associated with distribution and shipping. Additionally, the business may incur costs associated with legal fees, insurance, and taxes.

Some of the key companies operating in the cosmeceuticals market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In October 2022, L’Oréal launched a range of cosmeceuticals targeting the aging skin of women. The product range included a hydrating face cream, a brightening eye cream, and a lifting serum.

– In September 2022, Estee Lauder launched a range of products designed to help even out skin tone and reduce the appearance of wrinkles. The product range included a moisturizing cream, an anti-aging serum, and a brightening cream.

– In October 2022, Procter & Gamble launched a range of cosmeceuticals targeting the skin of men. The product range included a cleansing foam, a hydrating lotion, and a brightening serum.

Some of the prominent players in the cosmeceuticals market include:

– L’Oréal SA
– Estee Lauder Companies, Inc.
– Unilever PLC
– Beiersdorf AG
– Procter & Gamble Co.
– Shiseido Co., Ltd.
– Amorepacific Corporation
– Johnson & Johnson
– Coty, Inc.
– Avon Products, Inc.
– Kao Corporation

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global cosmeceutical products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Anti-Aging
– Facial Care
– Hair Care
– Sun Care
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Specialty Stores
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Mass
– Premium

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What is the Potential of Cosmeceutical Product Innovation?
[A]: The cosmeceuticals industry is witnessing significant growth due to increased consumer awareness about the benefits of natural ingredients, rising demand for personalized skin care solutions, and the emergence of technologically advanced products. Product innovation within the cosmeceuticals market is mainly driven by the concept of personalized skin care solutions, which are tailored to meet individual needs and preferences. Innovations in cosmeceutical products are expected to influence the market significantly by offering a wide range of products that meet specific consumer needs.

[Q]: Who are the Key Players in the Cosmeceuticals Market?
[A]: Major players in the global cosmeceuticals market are Unilever, L’Oréal, Procter & Gamble, Revlon, Johnson & Johnson, Estée Lauder, Shiseido, Coty, and Mary Kay.

[Q]: Which Region Offers the Largest Opportunity for Sales of Cosmeceuticals?
[A]: North America is expected to be the largest cosmeceuticals market, due to the presence of several major players and a large consumer base. The region is expected to provide a lucrative opportunity for the sales of cosmeceuticals, due to the high disposable income and increasing demand for beauty products.

[Q]: What are the factors driving the cosmeceuticals market?
[A]: Factors such as increasing consumer awareness about the benefits of natural ingredients, growing demand for personalized skin care solutions, and the emergence of technologically advanced products are driving the global cosmeceuticals market. Additionally, rising disposable income and increasing demand for beauty products are also expected to drive the growth of the global cosmeceuticals market.