LONDON–(BUSINESS WIRE)–$OR #Consumer–According to the latest market study released by Technavio,
cosmeceuticals market is expected to grow at a CAGR of
almost 6% during the forecast period.
This research report titled ‘Global
Cosmeceuticals Market 2017-2021’ provides an in-depth analysis
of the market in terms of revenue and emerging market trends. This
market research report also includes an up to date analysis and
forecasts for various market segments and all geographical regions.
“The increasing inclination toward organic products is expected to
heighten product innovation on organic lines. Beauty product
manufacturers are expanding their organic lines by introducing new sets
of brands or by acquiring popular organic beauty brands,” says
Poonam Saini, a lead analyst at Technavio for cosmetics
and toiletry research.
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The report categorizes the global cosmeceuticals market into five major
product segments. They are:
- Skincare cosmeceuticals
- Haircare cosmeceuticals
- Oral care cosmeceuticals
- Makeup cosmeceuticals
Global skincare cosmeceuticals market
In 2016, the global skincare cosmeceuticals market dominated the
global cosmeceuticals market. Today, owing to a greater awareness of the
benefits of cosmeceutical products, many consumers have started
switching from regular skincare products to cosmeceutical skincare
products. The anti-aging
cosmeceutical products segment is one of the major contributors to
this market in terms of revenue.
Global haircare cosmeceuticals market
The global haircare cosmeceuticals market is dominated by hair-fall
control and anti-dandruff products. With the increasing levels of
pollution across the globe in recent years, issues of hair loss and
dandruff are growing among the general populace. Haircare cosmeceutical
products help to provide relief from issues such as hair loss, itchy
scalp, and dandruff. L’Oréal, Unilever, and P&G are
the major manufacturers of haircare cosmeceuticals in the global space.
Global oral care cosmeceuticals market
The teeth whitening products segment is the major revenue
contributor to the global oral care cosmeceuticals space. More than
two-thirds of the market’s revenue comes from this category. The teeth
whitening products category is offering tough competition to many
leading oral care brands and has gained a significant share in the
global oral hygiene market. Colgate-Palmolive, Unilever, and
P&G are the major manufacturers of oral care cosmeceuticals in
the global market.
Global make-up cosmeceuticals market
Lip and nail care products are the two major revenue contributors to the
global make-up cosmeceuticals market. Together, these two categories
control more than three-fourths of the market’s revenue. With the
increasing demand for nail and lip make-up products with active
ingredients such as anti-oxidants and SPF, manufacturers such as Beiersdorf
and Unilever are now focusing on lip balm lines that are made
with such active ingredients. NIVEA and Labello from
Beiersdorf and Vaseline from Unilever are some of the major lip
care cosmeceutical brands.
“Increase in personal disposable income in emerging countries such as
China and India, has enabled consumers to spend a significant amount of
their income on innovative beauty products such as cosmeceuticals,” says
Global other cosmeceuticals market
Injectable cosmetics, bath products, and deodorants
are the major categories under the other cosmeceuticals segment. These
three together contribute more than four-fifths of the revenue generated
in the global other cosmeceuticals market. Antiperspirants are the major
products under deodorant cosmeceuticals.
The top vendors highlighted by Technavio’s consumer
and retail research analysts in this report are:
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