Introduction of New Ingredients Spurs Growth in the Global Cosmeceuticals Market from 2015-2019: TechNavio

TechNavio has announced the publication of its market research report on the Global Cosmeceuticals Market, which is expected to grow at a CAGR of 8.62 percent from 2014-2019.

About the Report

The introduction of novel ingredients like extracts from plant stems and peptides for the manufacturing of new cosmetic products has created demand among consumers, thus boosting the Global Cosmeceutical Market. The demand for organic and natural ingredients is also catching up, as they are known for their therapeutic properties and are safe to use.

“Plant stem cells, which are used in tropical skin care products, not only help prevent, protect and repair aging skin cells, but also replace damaged cells with new and healthy cells,” says Faisal Ghaus, Vice President of TechNavio.

“Seeing the growing demand of the cosmeceutical segment has led vendors in this market to invest heavily in R&D to manufacture innovative products. This has also led to the introduction of technologically advanced formulations.”

Furthermore, emerging countries like BRIC nations are offering tremendous opportunities for vendors in the Global Cosmeceuticals Market. The sales of skin care products in many emerging markets is projected to expand at a triple-digit growth rate. This is encouraging vendors to develop high-quality and expensive skin care cosmeceuticals, thus propelling the growth of the overall market.

Key Information Covered in the Report:

• Market segmentation, size and forecast through 2019
• Market Growth Drivers:
  • Growing Urbanization and Per Capita Income in Developing Countries
  • For a full detailed list, view our report.
• Market Challenges:
  • Intense Competition among Vendors
  • For a full detailed list, view our report.
• Market Trends:
  • Introduction of New Ingredients
  • For a full detailed list, view our report.
• Key Vendors:
  • Beiersdorf AG
  • L’Oréal SA
  • Unilever Group
• Other Prominent Vendors:
  • Allergan
  • Bayer
  • Clarins

TechNaviocurrently has more than 3000 market research reports on a huge range of topics, including 100+ reports on the pharmaceuticals market:

• Global Pharmaceuticals Wholesale and Distribution Market 2015-2019
• Global Pharmaceutical Packaging Market 2014-2018

If you are interested in more information, please contact our media team at media@technavio.com.