Cosmeceuticals are a type of borderline product that lies between drugs and cosmetics, with both cosmetic effects and certain medical effects. They usually contain active ingredients, have special effects, and can meet specific skin needs.
Analysis of the Global Cosmeceutical Segmentation Market
According to their different functions and effects, cosmeceuticals can usually be divided into types such as skin care, hair care, and oral care. Among them, skin care cosmeceuticals dominate the market. According to our research data, the size of the global skincare cosmetics segment market in 2023 was $38.59 billion, with an expected market share of 65.94%. In terms of application, beauty parlors and salons hold the largest share.
Global Cosmeceutical Market Size and Share by Type and Application in 2023
|
|
Market Size (Billion USD) |
Market Share |
|
Segmented by Type |
||
|
Skin Care |
38.59 |
65.94% |
|
Hair Care |
11.55 |
19.74% |
|
Oral Care |
5.96 |
10.18% |
|
Others |
2.42 |
4.13% |
|
Segmented by Application |
||
|
Beauty Parlours and Salons |
7.00 |
11.96% |
|
Multi Branded Retail Stores |
8.8 |
15.08% |
|
Online Channels |
12.34 |
21.08% |
|
Supermarkets |
15.41 |
26.34% |
|
Exclusive Retail Stores |
9.74 |
16.64% |
|
Others |
5.21 |
8.90% |
Source: www.globalmarketmonitor.com
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