DUBLIN--(BUSINESS WIRE)--The "Asia-Pacific Cosmeceuticals Market - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The increasing consumer consciousness about appearance is driving the Asia-Pacific pharmaceutical market. Cosmeceuticals are the fastest growing segment of the cosmetics and personal care industry and is seen as a convergence of personal care and pharmaceutical sectors.
The growing demand from the baby boomer generation and increasing middle age population in the Asia-Pacific region are driving the medicated cosmetics market and hence fuelling the demand for natural active ingredients.
The urban population is looking for hair care and skin care solutions based on personal needs and type. These consumers, with high disposable income and awareness, owing to mass-media advertisements are willing to pay for the beneficial products. Also, consumers' safety concerns regarding the products are driving the usage of natural plant stem cells in cosmeceuticals.
The emerging countries like China and India are experiencing increased sales in cosmeceutical category, holding a wide potential for vendors to enter the cosmeceutical market in these nations. The market is seeing growth in revenues coming from BRIC countries, Indonesia, Thailand, Vietnam, Malaysia, Singapore, Middle East and Australia.
In India, the skin care market sees an inflated growth in the fairness products category among men and women in both urban and rural areas. The medicated cosmetics industry is expected to grow at a CAGR of 10.9% in the country. The projected double-digit growth in the skin care cosmeceuticals market in emerging economies is encouraging vendors to develop high-end and high-quality products.
The major product applications of cosmeceuticals in the region are in skin care, hair care, injectable, tooth whitening, lip care and other products. Skin care and hair care take up the largest market share, with anti-aging products dominating the shelf space. The market is expected to observe growth, especially in anti-aging skin care and scalp care segments.
The hair care category, in particular, is seeing growing demand for hair fall and anti-dandruff with active ingredients labels. This can be attributed to changing lifestyle patterns globally resulting in reducing nutrition content and growing atmospheric pollution levels.
There is also a growing market for injectables due to their varied advantages on the skin including wrinkle reducers, weight treatments etc. The most popular category is botulism based products in the injectable category. The cosmeceuticals use active ingredients which include antioxidants, peptides and proteins, exfoliates, retinoid, moisturizers, botanicals and others.
The leading players in the Asia-Pacific cosmeceuticals market are Procter and Gamble, L'Oreal, Unilever, Beiersdorf with their respective brands such as Olay, L'Oreal, Garnier and Nivea.
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach and Methodology
2.2 Research Designs
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. Key Findings of the Study
4. Market Dynamics
4.1.1 aging Population
4.1.2 Rising Disposable Income for Personal Care Products
4.1.3 Awareness of Sun Damage and Increasing Consumer Interest
4.2.1 Unregulated Market
4.2.2 High Cost of Products
4.3.1 Technological Advancements in Skincare
4.3.2 Demand for Natural and Organic Ingredients
4.3.3 Male Grooming Segment
4.4 Porter's Five Forces Analysis
5. Market Segmentation
5.1 By Product Type
5.1.1 Skin Care
184.108.40.206 Anti Aging
220.127.116.11 Anti Acne
18.104.22.168 Sun Protection
22.214.171.124 Other Products
5.1.2 Hair Care
126.96.36.199 Hair Fall
188.8.131.52 Anti Dandruff
184.108.40.206 Hair Colorants and Dyes
220.127.116.11 Botulinum Toxin-Based Injectable Cosmeceutical
18.104.22.168 Dermal Fillers
5.1.4 Lip Care
5.1.5 Tooth Whitening
5.2 By Active Ingredients Type
5.2.3 Peptides & Proteins
5.3 By Geography
22.214.171.124 South Korea
6. Competitive Landscape
6.1 Major Strategies Adopted By Key Players
6.2 Most Active Players
6.3 Market Share Analysis
7. Company Profiles
7.1 Procter and Gamble
7.2 Johnson and Johnson
7.6 Croda International PLC
7.13 Estee Lauder
7.15 Royal DSM
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