Cosmeceuticals Market By Product Type (Hair Care, Skin Care, Lip Care, Oral Care), By ingredients (Peptides and Proteins, Sunscreens, Hydroxy acids, Retinoids, Antioxidants, Skin lightening agents, Botanicals), By Distribution channel (Supermarkets and Specialty Stores, Online Platform), Region & Forecast, 2024-2033

  • 2023-10-31
  • 290
  • Healthcare & Life Sciences

Market Overview

Cosmeceuticals Market is projected to achieve a value of USD 64,568 Million in 2023, with a linear behavior in the market growth it is forecasted to achieve a value of USD 116,358 Million by 2033 with a CAGR of 7.6% during the forecast period 2024-2033.

Cosmeceuticals refer to a class of cosmetic items that incorporate biologically active components or pharmaceutical substances with the intention of delivering distinct advantages to the skin that go beyond what regular cosmetics offer. The formulation of cosmeceuticals is geared towards enhancing both the aesthetic appearance and overall well-being of the skin by delivering elements that possess therapeutic or medicinal properties. Such products can consist of substances like vitamins, antioxidants, peptides, hyaluronic acid, retinoids, and extracts from plants. They are often used to tackle issues such as signs of aging, hyperpigmentation, acne, dryness, or various other skin-related concerns.

Cosmeceuticals designed for everyday skincare encompass items such as sunscreens, moisturizers, and treatments for acne, and these are typically accessible for purchase without the need for a prescription. On the other hand, specialized products like moisturizers tailored for eczema or diabetic skin often necessitate a prescription from a healthcare professional. It's crucial for the legality of cosmeceuticals to be clearly established, as they must gain recognition from the U.S. Food and Drug Administration (FDA) in the United States. In the European Union (EU), regulations concerning cosmetics permit these products to serve a secondary preventive function but not a curative one. Any skincare product labeled as medicinal would require official authorization and undergo expensive testing procedures in order to be marketed globally.

The worldwide cosmeceuticals market is expressing robust expansion, primarily driven by the increasing incidence of skin and hair disorders and the growing geriatric population across the globe. Furthermore, the market is poised for growth due to the rising consumer demand for cosmeceuticals and an increasing appetite for skin care, hair care, and oral care products. However, challenges such as the presence of counterfeit products and a lack of awareness among consumers about the benefits of cosmeceuticals are anticipated to impede the global cosmeceuticals industry progress.

The emergence of COVID-19 had a significant negative impact on the global demand for cosmeceuticals. A prominent reduction in the number of patient visits to leading dermatologists and the closure of stores that distributed these products during lockdown periods were among the primary factors that adversely affected the market. Additionally, to prevent the spread of COVID-19, elective procedures, including medical aesthetic treatments, were canceled, which led to a decrease in patient traffic at specialized clinics providing aesthetic therapy. This decline in procedures resulted in fewer patient prescriptions for cosmeceuticals, thereby negatively impacting the projected outlook for the cosmeceuticals market.


Market Scope

Report Attributes


Market Size in 2023

USD 64,568 Million

Market Forecast in 2033

USD 116,358 Million

CAGR % 2024-2033


Base Year


Historic Data


Forecast Period


Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By Product Type, By ingredients, By Distribution channel

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

Beiersdorf ,L’Oréal, Estée Lauder Companies Inc.,Procter and Gamble,Allergan,Croda International Plc,Shiseido Company Limited,Johnson & Johnson Services, Inc.,Unilever,Elementis Plc,Coty Inc.,BASF SE,Avon and  Other.


Market Dynamics

One of the prominent factors expected to fuel the growth of the global cosmeceuticals market in the near future is the increasing prevalence of skin and hair disorders on a worldwide basis. This heightened burden of skin and hair issues results in an increased demand for cosmeceutical products, which is expected to bolster market growth. According to the World Health Organization (WHO), skin diseases are among the most widespread human health conditions, affecting over 900 million individuals worldwide. Among older individuals, common skin ailments include eczema, skin infections, and severely dry and itchy skin, which are significant drivers of market growth.

Another factor contributing to the growth of the global cosmeceuticals market is the increasing aging population worldwide. The aging demographic is increasingly seeking products to maintain and enhance their appearance, with a growing awareness of anti-aging solutions. According to the United Nations Department of Economic and Social Affairs (UN DESA) Population Division, by 2050, one in six people globally will be over the age of 65, a notable increase from the ratio of one in eleven in 2019. In many regions, the population aged 65 and above is expected to double by 2050, and global life expectancy beyond the age of 65 will extend by 19 years. These demographic trends are, in turn, stimulating market growth.

The increase in income in emerging economies has empowered individuals to access and use a wide range of cosmetic products. Leading companies in countries such as India, China, Japan, Thailand, and others have generated this opportunity for market growth through the introduction of new products. There were approximately 680 million middle-class households in emerging markets, and this number is projected to increase by 2.7% by 2030. In contrast, the number of middle-class households in developed countries was around 176 million in 2018 and is expected to grow by 6.3% by 2030.

The factor impeding the growth of the cosmeceuticals market is the insufficient awareness among the public regarding cosmeceuticals and their associated benefits. Cosmeceuticals occupy a novel product category situated between pharmaceuticals and cosmetics, aiming to improve both skin health and beauty. While the introduction of new products is gradually increasing awareness among the populace, the lack of awareness about potential risks associated with cosmeceuticals can lead to severe and potentially fatal adverse effects.

Market By Product Type Analysis

By Product Type, the Cosmeceuticals Market is Categories into Hair Care, Skin Care, Lip Care, Oral Care. The Skin Care segment accounts for the largest share of around 47% in 2022.

The skincare segment takes a leading position in the cosmeceuticals market, primarily because of the surging demand, a strong emphasis on anti-aging solutions, heightened consumer awareness and education, and the influential role of marketing through influencers and social media.

Market By Ingredients Analysis

By ingredients, the Cosmeceuticals Market is Categories into Peptides and Proteins, Sunscreens, Hydroxy acids, Retinoids, Antioxidants, Skin lightening agents, Botanicals. The Antioxidants segment accounts for the largest share of around 42% in 2022.

Antioxidants play a crucial role in safeguarding the skin, and their incorporation into both topical and ingestible products leads to benefits while also shielding these formulations from the harmful impact of oxidative damage. Consequently, these factors significantly contribute to the growth of this segment.

Market By Distribution Channel Analysis

By Distribution channel, the Cosmeceuticals Market is Categories into Supermarkets and Specialty Stores, Online Platform. The Supermarkets and Specialty Stores segment accounts for the largest share of around 64% in 2022.

These channels hold a dominant position in the cosmeceuticals industry due to several key factors. These include their widespread availability, easy accessibility, well-established consumer base, diverse product offerings, competitive pricing, effective marketing strategies, and consumer convenience. These retail channels provide a broad selection of cosmeceutical products, catering to a variety of needs and preferences. This not only enhances the overall shopping experience but also increases the likelihood of consumer purchases.

Market Regional Analysis

Asia-Pacific dominate the Cosmeceuticals Market with the highest revenue generating market with share of more than 46%. The growth of the market is attributed to several factors. These include market player's increasing focus on forming strategic partnerships, a strong emphasis on launching new products, and heightened investments in digital infrastructure to enhance product appeal and distribution. Additionally, the growing population and greater awareness of these products among the general public are significant drivers fueling the growth of the Asia Pacific market.

North America held the second-largest share in the global cosmeceuticals market. This growth can be attributed to the significant presence of a large patient population dealing with dermatological conditions, including melanoma and eczema. Additionally, there is an increasing adoption of advanced dermatological products in the region.

Europe held a significant share in the cosmeceuticals market, primarily due to the growing adoption of innovative cosmeceutical products and the increasing incidence of skin conditions, particularly acne. Furthermore, the efforts of major market players to expand their distribution networks in the region to meet the rising demand for these products are expected to contribute to the regional market's growth.

Competitive Analysis

The Cosmeceuticals Market is dominated by a few large companies, such as Beiersdorf, L’Oréal, Estée Lauder Companies Inc., Procter and Gamble, Allergan,Croda International Plc, Shiseido Company Limited, Johnson & Johnson Services, Inc.,Unilever, Elementis Plc,Coty Inc.,BASF SE,Avon and Other.

There Are Some Of The Key Trends That Are Shaping The Competitive Landscape Of The Cosmeceuticals Market.

September 2022, Estée Lauder Companies Inc. and BALMAIN have formed a strategic partnership to jointly create, produce, and market beauty products under the brand name BALMAIN BEAUTY.

June 2021, The Beauty Health Company revealed its acquisition of four international third-party entities with the aim of enhancing its global presence for the HydraFacial brand. This acquisition was anticipated to strengthen the company's market position in crucial countries, including Germany, France, Australia, and Mexico.

Research Report Following Segments:      

Market, By Product Type

·         Hair Care

·         Skin Care

·         Lip Care

·         Oral Care

Market, By Ingredients

·         Peptides and Proteins

·         Sunscreens

·         Hydroxy acids

·         Retinoids

·         Antioxidants

·         Skin lightening agents

·         Botanicals

Market, By Distribution Channel

·         Supermarkets and Specialty Stores

·         Online Platform

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Frequently Asked Questions

What is the market size of Cosmeceuticals Market in 2022?

Cosmeceuticals Market was valued at USD 57,158 million in 2022.

What is the growth rate for the Cosmeceuticals Market?

Cosmeceuticals Market size will increase at approximate CAGR of 7.6% during the forecasted period.

Which are the top companies operating within the market?

Major companies operating within the Cosmeceuticals Market are Beiersdorf, L’Oréal, Estée Lauder Companies Inc., Procter and Gamble, Allergan,Croda International Plc, Shiseido Company Limited, Johnson & Johnson Services, Inc.,Unilever, Elementis Plc,Coty Inc.,BASF SE,Avon and Other.

Which region dominates the Cosmeceuticals Market?

Asia-Pacific dominates the market with an active share of 46%.


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