Cosmeceuticals are a type of borderline product
that lies between drugs and cosmetics, with both cosmetic effects and certain
medical effects. They usually contain active ingredients, have special effects,
and can meet specific skin needs.
Analysis of the Global Cosmeceutical Segmentation Market
According to their different functions and effects,
cosmeceuticals can usually be divided into types such as skin care, hair care,
and oral care. Among them, skin care cosmeceuticals dominate the market.
According to our research data, the size of the global skincare cosmetics segment
market in 2023 was $38.59 billion, with an expected market share of 65.94%. In
terms of application, beauty parlors and salons hold the largest share.
Global Cosmeceutical Market Size and Share by Type and Application in 2023
|
|
Market Size (Billion USD)
|
Market Share
|
|
Segmented by Type
|
|
Skin Care
|
38.59
|
65.94%
|
|
Hair Care
|
11.55
|
19.74%
|
|
Oral Care
|
5.96
|
10.18%
|
|
Others
|
2.42
|
4.13%
|
|
Segmented by Application
|
|
Beauty Parlours and Salons
|
7.00
|
11.96%
|
|
Multi Branded Retail Stores
|
8.8
|
15.08%
|
|
Online Channels
|
12.34
|
21.08%
|
|
Supermarkets
|
15.41
|
26.34%
|
|
Exclusive Retail Stores
|
9.74
|
16.64%
|
|
Others
|
5.21
|
8.90%
|
Source: www.globalmarketmonitor.com
Overview of Global Cosmeceutical Market Development and Analysis of Competitive Pattern
Due to the increasing attention of consumers towards skin health and the influence of technological innovation, the global cosmeceutical market has steadily grown in size in the past few years. Based on our data, the total size of the global cosmeceutical market reached $58.52 billion in 2023 and is expected to increase to $68.83 billion by 2025.
From the perspective of market competition, the concentration of the global cosmetics market is moderate. Data shows that in 2023, the top 3 companies in the industry produced a total of 357.0k tons of cosmetics, with a total production value of $22.19 billion and a share of 37.92%. The top three companies were Unilever, Procter & Gamble, and Johnson & Johnson. In 2023, these three companies accounted for 15.57%, 12.77%, and 9.58% of the global total revenue in the cosmetics market.
Global Cosmeceuticals Market Size Forecast and Competition Pattern Analysis
Source: www.globalmarketmonitor.com
Analysis of the Development Trends of the Global Cosmetic Market
The demand for functional cosmetics is increasing: As consumers pay more attention to skin issues, the demand for functional cosmetics is also increasing. These products include anti-aging, whitening, freckle removal, acne removal, and more.
Online sales are increasing: With the development of e-commerce, more and more consumers are choosing to purchase cosmetics online. It is expected that in the coming years, online sales will account for the majority of the market share of cosmetics.
Brand cooperation and merger: Brand cooperation and mergers in the cosmetics market are another trend in the future. With the intensification of market competition, brands need to find partners to increase their market share and expand their influence.
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