Global cosmeceutical market to witness rapid growth during till 2016

The company illustrated its findings in its new research report, titled ‘Global Cosmeceuticals Market Outlook 2016’.

As per the report, Asian countries, such as Japan, China, and India, offer a huge potential for the global cosmeceutical market.

The markets of India and China, which are currently at a budding stage, have a large untapped population, which wants to look young and attractive.

Japan, however, has already been a major centre for the global cosmetics market, and its share in the cosmeceutical segment is steadily improving.

The recent additions to the cosmetics industry are said to be products with drug-like benefits, which have caught the imagination of people wanting to look young.

As global population median age increases by the day, cosmeceuticals product market too is concomitantly growing considerably.

Technological advancements and addition of new ingredients have also contributed to the increasing commercialisation of cosmeceutical products globally.

The report findings point to the fact that skin care and hair care products are the fastest growing segments in the global cosmeceuticals market.

They are followed by tooth whitening, lip protection, etc.

Meanwhile, it is expected that new ingredients, such as stem cell and peptides for skincare-based cosmetics, will change the cosmeceutical market’s landscape in the coming few years.