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

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.