The cosmeceutical market size is expected to reach USD 98.7 billion by 2026 according to a new study by Polaris Market Research. The report “Cosmeceutical Market Size, Share & Trends Analysis Report By Product Type (Skin Care, Hair Care, Oral Care), By Distribution Channel (Supermarkets & Specialty Stores, Online Platform), By Region, And Segment Forecasts, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market for cosmeceuticals includes the growing category of cosmetic products with drug-like advantages. These products are rapidly outperforming the growth rate of all other product sections in the personal care and cosmetics sector. The various kinds of cosmeceuticals on the market include lip care, hair care, whitening of the tooth, skin care, injection and others. Of these, the section of skin care retains a major share and is followed by the segment of hair care. Anti-aging products are most common in the skin care segment, resulting in peak gross revenue.

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Geographically, the American regional market accounted for the largest share during 2017. While, the Growing consumer awareness of appearance, increasing preference for natural / organic goods, increasing disposable income in emerging economies, the accessibility of technologically sophisticated and user-friendly cosmeceutical products are driving this market’s development. On the other side, it is probable that deceptive marketing methods will restrict market growth. It is anticipated that the increasing number of middle-aged people, a fast-paced life and a burgeoning urban population will further drive market demand. Also stimulating development was the availability on the market of a plethora of superior quality and premium price cosmeceutical products.

Cosmeceuticals products are used in a host of other tasks, such as tooth whitening, skin irritation, skin lightening. Putting a roadblock on the worldwide cosmeceuticals market’s development route is the fast development of various therapy alternatives. The emergence and popularity of natural and organic products is a main trend observed on the worldwide cosmeceuticals market.

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In addition, females are constantly struggling with sedentary and hectic lifestyles of working, so they get far less time to put on daily makeup. This has forced them to purchase medicinally-advantaged cosmetic products to prevent using make-up. In addition, customers worldwide are conscious of the skin’s benefits of antioxidants, organic ingredients, and peptides. Increasing beauty and health awareness among rich and knowledgeable customers has therefore resulted in increased market growth.

Some of the key players in the market are AVON, Procter & Gamble, Croda International Plc., L’Oréal, Corporation, Beiersdorf, Johnson & Johnson, Allergan, Unilever, Estee Lauder Inc, BASF SE, and Bayer AG among others.

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