Report ID: SQMIG30L2157
Cosmeceutical Market Size, Share, Growth Analysis, By Product(Skin Care, Hair Care, and Oral Care), By Distribution Channel(Supermarkets & Specialty Stores, and Online Platform), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30L2157 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|
Tables:
62 |
Figures:
75
Cosmeceutical Market Regional Insights
Europe dominated the highest share, accounting for 32.2% in 2022 and is further anticipated to continue so during the forecast period as well. This is due to the population's desire to appear younger in nations such as Germany, the United Kingdom, the Netherlands, and France. Furthermore, given their weather circumstances, these countries have the highest population of persons suffering from dry skin. This will very certainly increase demand for helpful and multifunction skin care cosmetic products. Furthermore, increased spending power in the region for higher-quality products is likely to boost market growth.
Asia Pacific is expected to grow the fastest among the other areas. The market is gaining traction as a result of the rapidly increasing developing economies in this region. This effectively paved the way for manufacturers to establish operations in the densely populated countries in the region. The development in popularity of e-commerce or e-tailing in the area has given people access to higher-quality brands of these items. Furthermore, improving living standards in countries such as China, India, and Russia are expected to boost the growth of the beauty and cosmetic products sector in this region.
Cosmeceutical Market Report Snapshots
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