USD 1.3 billion
Neurocosmetics Market Size, Share, Growth Analysis, By Ingredients(Niacinamide, Peptides, Antioxidants Adaptogens, Others), By Application(Anti-Aging, Antioxidant, Anti-Wrinkle, Depigmentation), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30K2009 |
Region:
Global |
Published Date: February, 2024
Pages:
278
|Tables:
69
|Figures:
75
Neurocosmetics Market Insights
Global Neurocosmetics Market size was valued at USD 1.3 billion in 2019 and is poised to grow from USD 1.41 billion in 2023 to USD 2.69 billion by 2031, growing at a CAGR of 8.4% in the forecast period (2024-2031).
Neurocosmetics is a relatively new field that combines neuroscience and cosmetics to create products that not only enhance physical appearance but also improve brain function and emotional well-being. The underlying principle behind neurocosmetics is that the brain and skin are intimately connected, and that certain cosmetic ingredients can affect both.
Traditional cosmetic components are solely focused on the skin; while, neurocosmetics have the ability to evoke specific feelings, emotions, and activity. Neurocosmetics seeks mechanisms and pathways that engage the neurological system, hence activating the skin and influencing well-being. Neurocosmetics confirms that some benefits are actually all in our brains. Although, neurocosmetic products are cosmetics, they are also medicinal. For example, the sensation of chilling soothes the skin.
US Neurocosmetics Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Niacinamide
Fastest Growth
Niacinamide
Growth Rate
8.4% CAGR
Global Neurocosmetics Market by ingredients ($ Bn)
Country Share for North America Region (%)
To get more reports on the above market click here to Buy The Report
Neurocosmetics Market Segmental Analysis
Global Neurocosmetics market is segmented based on ingredients, applications and region. Based on the ingredients, the Neurocosmetics Market is segmented into niacinamide, peptides, antioxidants adaptogens, others. Based on the application, the Neurocosmetics Market is segmented into anti-aging, antioxidant, anti-wrinkle, depigmentation, soothing, regeneration, toning, others. Based on the region, the Neurocosmetics Market is segmented into North America, Europe, Asia-Pacific, South America and Middle East & Africa.
Neurocosmetics Market Analysis by Ingredients
Based on the ingredients, the market is segmented into niacinamide, peptides, antioxidants adaptogens, others. Among these, the niacinamide
And antioxidants adaptogens segments of the market is projected to hold significant market shares. Niacinamide: This vitamin B3 derivative has been shown to improve skin barrier function and reduce inflammation. It also has been found to increase the production of ceramides, which are important for maintaining healthy skin. Peptides: These small proteins can penetrate the skin and stimulate the production of collagen and elastin, which are essential for skin elasticity and firmness. Antioxidants: These molecules can protect the skin from free radicals, which are harmful molecules that can cause oxidative stress and accelerate skin aging. Adaptogens are the natural substances help the body adapt to stress and improve overall well-being. Some adaptogens commonly used in neurocosmetics include ginseng, ashwagandha, and rhodiola.
Global Neurocosmetics Market by ingredients
To get detailed analysis on other segments, Request For Free Sample Report
Neurocosmetics Market Regional Insights
Based on the region, the market is segmented into North America, Europe, Asia-Pacific, South America and Middle East & Africa. In 2022, North America region held the most dominating share in the market. The market in North America has grown positively as a result of the population's increased buying power, as well as rising demand for luxury and premium products. Furthermore, an increasing number of beauty product outlets in the region is one of the primary factors driving market growth throughout the projection period. Factors driving the demand for neurocosmetics products in North America include increasing consumer awareness about the importance of mental wellness and its impact on skin health, rising disposable incomes, and growing interest in innovative and natural beauty products.
While, on the other hand, the European region is also projected to hold a significant share in the neurocosmetics market. Leading players in the beauty and personal care industry, such as L'Oréal and Beiersdorf AG, Unilever, and others, dominate the European market. Furthermore, factors such as a growth in the number of beauty salons in the region, as well as an increase in the number of millennials and generation Z, are predicted to drive demand for various cosmetic items. Thus, this gives a further scope for the neuroscope market to grow in upcoming years.
Global Neurocosmetics Market By Region
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Neurocosmetics Market Dynamics
Neurocosmetics Market Driver
- Increased concerns about one's body and well-being are growing on a daily basis as a result of a hectic schedule, changes in routine, eating habits, and sleep cycle fluctuations. Beauty products can improve the quality, cleanse, and beautify exterior body components, allowing people to appear healthier and more appealing. As a result, these are some of the variables that have resulted in brisk product demand from both the young and old. Furthermore, the growing popularity of sun care products, night skin repair creams, refreshing perfumes, and hair colours, among other things, is predicted to drive product demand.
Growing interest in mental wellness: There is a growing awareness of the link between mental wellness and skin health. Consumers are increasingly interested in products that can help reduce stress and promote relaxation, which can have a positive impact on skin health.
Increasing disposable income: As disposable income rises, consumers are more willing to spend money on high-end skincare products that offer unique benefits, such as those provided by neurocosmetics.
Rising demand for natural and innovative beauty products: Consumers are looking for natural and innovative beauty products that offer unique benefits beyond traditional skincare products. Neurocosmetics products, with their focus on the nervous system and brain, provide a new and innovative approach to skincare.
Neurocosmetics Market Restraint
- Lack of scientific evidence: While some neurocosmetics products may claim to improve skin health and appearance through their effects on the nervous system and brain, there is limited scientific evidence to support these claims. More research is needed to fully understand the efficacy and safety of these products.
- Ethical concerns: Some people have raised ethical concerns about the use of neurocosmetics, as they may be seen as a form of "neuro-enhancement" or cognitive enhancement. There is a debate about the use of cognitive enhancers, and some people may be uncomfortable with the idea of using products that claim to enhance cognitive function.
- Potential risks: Some ingredients used in neurocosmetics products, such as peptides and neuropeptides, may have potential risks or side effects. It is important to consult with a healthcare professional before trying any new product to ensure it is safe for use.
- Price: Neurocosmetics products tend to be more expensive than traditional skincare products due to the innovative ingredients and technologies used in their formulation. This can make them less accessible to some consumers.
- Limited availability: Neurocosmetics products are still relatively new, and may not be widely available in all regions. This can limit their accessibility and make it difficult for consumers to try them.
Request Free Customization of this report to help us to meet your business objectives.
Neurocosmetics Market Competitive Landscape
The market is consolidated in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions.
Neurocosmetics Market Top Player’s Company Profiles
- L'Oreal Group
- Shiseido Company
- Estée Lauder Companies
- Johnson & Johnson
- Procter & Gamble
- Unilever
- Henkel AG & Co. KGaA
- Beiersdorf AG
- Coty Inc.
- Avon Products Inc.
- Kao Corporation
- AmorePacific Corporation
- The Body Shop International Limited
- LVMH Moët Hennessy Louis Vuitton SE
- Kiehl's Since 1851
- Neutrogena Corporation
- Clarins Group
- Oriflame Cosmetics Global SA
- Mary Kay Inc.
- Revlon Inc.
Neurocosmetics Key Market Trends
- Advancements in neuroscience: As neuroscience advances, there is a growing understanding of the connection between the brain and the skin. This has led to the development of new ingredients and technologies that can be used in neurocosmetics products.
- Social media influence: The growing influence of social media on beauty trends has helped to raise awareness of neurocosmetics products. Influencers and celebrities have helped to popularize these products by sharing their experiences and promoting their benefits.
Neurocosmetics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, Global Neurocosmetics market is segmented based on ingredients, application and region. Based on the ingredients, the niacinamide segment of the market is projected to hold a significant share in the market. Based on the application, the anti-aging segment of the market is projected to hold a significant share in the market. Based on the region, the North America and Europen regions are projected to hold significant market shares.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.3 billion |
| Market size value in 2031 | USD 2.69 billion |
| Growth Rate | 8.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Neurocosmetics Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Neurocosmetics Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Neurocosmetics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Neurocosmetics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Neurocosmetics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Neurocosmetics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
