COSMECEUTICALS MARKET ANALYSIS

Regional Analysis

Global Cosmeceutical Market: Regional Insights

Based on geography, the global cosmeceutical market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Among regions, Europe is expected to gain highest share in the market during the forecast period due to the rise in prevalence of skin and hair disorders, growing geriatric population, and increase in demand for cosmeceuticals in the region. For instance, growth of the cosmeceuticals market is majorly driven by the aging population and desire to stay healthy and look young. The population of older people (those aged 65 years or more) in the EU-27 will increase significantly, rising from 90.5 million at the start of 2019 to reach 129.8 million by 2050. In 2021, more than one fifth (20.8 %) of the EU population was aged 65 and over.

Asia Pacific is also expected to witness robust growth in the global cosmeceutical market owing to the growing geriatric population, increasing prevalence of skin and hair disorders, and increase in demand for cosmeceuticals in the region. For instance, Cosmetics is one of the fastest growing retail segments in India, and the booming Indian cosmetics market offers promising opportunities for domestic and international brands. This has successfully paved the way for the manufacturers to open their branches in the highly populated countries in this region. This in turn is expected to aid in the growth of the cosmeceutical market in this region.

• North America: U.S. and Canada
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Middle East & Africa: GCC Countries, Israel, and Rest of Middle East, (Africa) South Africa, North Africa, and Central Africa