Asia-pacific Cosmeceutical Market - Industry Analysis, Market Size, Share, Trends, Growth And Forecast 2021 - 2026

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Asia-Pacific Cosmeceutical Market Overview

Asia-Pacific Cosmeceutical Market size is $12Billion in 2020, growing at a CAGR of 7.2% during the forecast period 2021-2026. Cosmeceuticals are cosmetic products that are biologically active, claiming to have advantages like medications. They cover a range of personal care items used. These are available commercially as either pharmaceutical drugs or over-the-counter items. Thanks to a move from synthetic personal care products to organic products, cosmeceuticals are in high demand.  The desire for a visually desirable lifestyle and evolving behaviours would contribute to a broader acceptance of cosmeceuticals. In favour of the development of the general market for cosmeceuticals, the presence of many large-scale suppliers would arise. The demand for the least side effects of natural products would open immense opportunities for companies operating on the market.

Report Coverage

The report: “Asia-Pacific Cosmeceutical Market – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Asia-Pacific Cosmeceutical Market. 
By Product Type: Skin Care- Repair or Anti-aging, Cleanser, Moisturizer, Sunscreen and Others, Hair Care - Shampoo, Conditioner, Oil Serum, Wax Mousse and Others, Oral Care- Toothpaste, Mouthwash and Others.
By Distribution Channel: Supermarket/Hypermarket, Beauty Salons, Specialty Stores, E-Commerce, and Others
By Country: China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific.

Key Takeaways

  • The growing awareness of beauty and cosmetic products, such as anti-ageing, sun care, and hair care products, accelerating the Cosmeceutical demand over the forecast years 2021-2026. 
  • The demand for anti-ageing products to prevent hair damage, ageing spots, uneven skin tone, dry skin, and wrinkles is likely to be the major driving factor for the market’s growth.
  • China is projected to record the fastest growth rate during the forecast period 2021-2026.

Asia-Pacific Cosmeceutical Market Segment Analysis - By Product Type

In 2020, Skin Care segment dominated the Asia-Pacific Cosmeceutical Market in terms of revenue owing towards rising production of monoclonal antibodies (MAb) therapeutics. Exposure to harmful ultraviolet radiation causes premature ageing of the skin or even leads to cancer of the skin. By using preventive skincare products, this understanding has increased the consumer's emphasis on preserving their skin. In addition, demand for a multifunctional product is forecasted to drive the growth of cosmetic sun-care products over the forecast period. For instance, Ponds BB & Lakme CC creams, apart from a make-up serum and a moisturizer, also act as sunblock cream abetting towards the growth of the market. Hair Care is estimated to record the fastest CAGR of 7.7% during the forecast period 2021-2026 owing to the demand for items such as hair oil, hair dye, shampoo and conditioner is growing. In addition, eradication of the unwanted build-up without flaking off a lot of serum to make the hair unmanageable drives customers to purchase branded items for hair care.

Asia-Pacific Cosmeceutical Market Segment Analysis - By Distribution Channel

In 2020, E-Commerce segment dominated the Asia-Pacific Cosmeceutical Market in terms of revenue owing towards rising production of monoclonal antibodies (MAb) therapeutics and other biological using animal cell cultures. The famous e-commerce sites such as Amazon.in, Nyka and others are encouraged to gain popularity by offering these cosmetic items in some areas with comparatively fewer speciality stores, apart from the major market players. This indirectly increases the sales of goods through the online platform. In addition, prices available online are comparatively higher than in shops, attracting buyers and growing sales of goods aiding towards the growth of the market. Supermarket/Hypermarket is estimated to record the fastest CAGR of 7.5% during the forecast period 2021-2026 owing to the promotions and various marketing strategies of the distributors and manufacturers in the specialty stores, such as offers on bulk sales.

Asia-Pacific Cosmeceutical Market Segment Analysis - By Country

In 2020, Japan dominated Asia-Pacific Cosmeceutical Market in terms of revenue with a market share of 28% owing towards rising public & private funding for R&D in this country. According to World Trade Organization, Japan's population is one of the most active users of cosmetics, ranking it among the top five national markets for personal care products. A relatively high awareness of cosmeceutical and cosmetic products such as skin whitening, anti-ageing, facial serums & face oils is mainly owing to the growing youth population. Owing to the high cost of these products, the suppliers in the country make their products accessible to consumers to broaden their consumer base aids to the market’s growth. The popularity of e-commerce or e-tailing in the area has made people reach out to these goods for better quality brands. In addition, improving living standards are forecasted to drive the demand in this Country. China is forecasted to record the fastest growth rate during the forecast period 2021-2026 owing to busier and stressful consumer lifestyles in the country. Also, deteriorating environmental conditions have created greater concern among customers seeking skin rejuvenation products about skin conditions driving the market growth.

Asia-Pacific Cosmeceutical Market Drivers

Rapid Growth of Ageing Population

Consumers are increasingly searching for methods and products to preserve and enhance their appearance to look youthful and attractive, particularly the ageing population, more so with the growing knowledge of anti-ageing products. Ageing anxiety is particularly faced by middle-aged individuals, owing to the high incidence of extrinsic symptoms of ageing. Anti-ageing skin products, since they overlap the distinction between cosmetics and pharmaceuticals, are known as cosmeceuticals aids to market growth. The declining rate of fertility and mortality has resulted in a sustained increase in the region's ageing population, especially in China and Japan. The market growth is driven by a strong desire among men and women to maintain youthful appearances that has groomed and nurtured the cosmetic industry across the region.

Asia-Pacific Cosmeceutical Market Challenges

Lax Regulations and Lack of Organizational Concerns 

Lax regulations act as a major constraint on the growth of the industry as they give scope for the growth of fake products on the market, causing harm to skin and hair. As opposed to drugs, the regulatory system for cosmeceutical products is ambiguous and not strict. New products introduced most of the time are subject to regulatory review uncertainty. This regulatory ambiguity leads to the market launch of counterfeit products, which hampers the reputation of the cosmetics market.

Asia-Pacific Cosmeceutical Industry Outlook 

Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in the Asia-Pacific Cosmeceutical Industry. Asia-Pacific Cosmeceutical top 10 companies include Beiersdorf AG, CosMedix., Loreal International, Laboratoires VIVACY, NATUMIN PHARMA AB, Robert Blondel Cosmtiques, SkinCeuticals., The Este Lauder Companies Inc., The Procter Gamble Company and Unilever

Acquisitions/Product Launches

  • In October 2017, Unilever launched eco-friendly beauty brand Love Beauty and Planet consisting of 18 hair care products and 8 body products. The hair care products include hair oil, shampoo, conditioner and dry shampoo.
  • In January 2020, The Procter Gamble Company acquired DTC brands. This acquisition helped P&G grow its business in new areas, learn new ways to market like performance marketing and to retool its brand teams structure to mirror startups. 

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1. Asia-Pacific Cosmeceutical Market- Overview
    1.1 Definitions and Scope
2. Asia-Pacific Cosmeceutical Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends 
    2.2 Key trends by Product Type
    2.3 Key trends by Distribution Channel
    2.4 Key rends by Country
3. Asia-Pacific Cosmeceutical Market 
    3.1 Market Share Analysis
    3.2 Comparative Analysis
        3.2.1 Product Benchmarking – Key Companies
        3.2.2 Financial Analysis– Key Companies
        3.2.3 Patent Analysis
        3.2.4 Customer Analysis
4. Asia-Pacific Cosmeceutical Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Asia-Pacific Cosmeceutical Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Asia-Pacific Cosmeceutical Market - Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Asia-Pacific Cosmeceutical Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Asia-Pacific Cosmeceutical Market – By Product Type (Market Size –$Million/$Billion)
    8.1 Skin Care
        8.1.1 Repair or Anti-aging
        8.1.2 Cleanser
        8.1.3 Moisturizer
        8.1.4 Sun-screen
        8.1.5 Others
    8.2 Hair Care
        8.2.1 Shampoo
        8.2.2 Conditioner
        8.2.3 Oil Serum
        8.2.4 Wax Mousse
        8.2.5 Others
    8.3 Oral Care
        8.3.1 Tooth-paste
        8.3.2 Mouthwash
        8.3.3 Others
9. Asia-Pacific Cosmeceutical Market – By Distribution Channel (Market Size –$Million/$Billion)
    9.1 Supermarket/Hypermarket
    9.2 Beauty Salons
    9.3 Specialty Stores
    9.4 E-Commerce
    9.5 Others
10. Asia-Pacific Cosmeceutical Market -  By Country (Market Size –$Million/$Billion)
    10.1 China
    10.2 India
    10.3 Japan
    10.4 South Korea
    10.5 Australia & New Zealand
    10.6 Rest of Asia-Pacific
11. Asia-Pacific Cosmeceutical Market - Entropy
12. Asia-Pacific Cosmeceutical Market – Industry/Segment Competition Landscape      Premium  
    12.1 Market Share Analysis
        12.1.1 Market Share by Countries – Key Companies
        12.1.2 Best Practices for Companies
13. Asia-Pacific Cosmeceutical Market – Key Company List by Country Premium  Premium
14. Asia-Pacific Cosmeceutical Market Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global MARKET SEGMENTATION Market 2019-2024 ($M)
1.1 By Product Type Market 2019-2024 ($M) - Global Industry Research
1.1.1 Skin Care Market 2019-2024 ($M)
1.1.2 Hair Care Market 2019-2024 ($M)
1.1.3 Lip Care Market 2019-2024 ($M)
1.1.4 Oral Care Market 2019-2024 ($M)
1.2 By Distribution Channels Market 2019-2024 ($M) - Global Industry Research
1.2.1 Hypermarkets and Supermarkets Market 2019-2024 ($M)
1.2.2 Convenience Stores Market 2019-2024 ($M)
1.2.3 Online Market 2019-2024 ($M)
1.2.4 Speciality Stores Market 2019-2024 ($M)
2.Global COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
2.1 Most Active Companies Market 2019-2024 ($M) - Global Industry Research
2.2 Key Staretegies Adopted Market 2019-2024 ($M) - Global Industry Research
3.Global MARKET SEGMENTATION Market 2019-2024 (Volume/Units)
3.1 By Product Type Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Skin Care Market 2019-2024 (Volume/Units)
3.1.2 Hair Care Market 2019-2024 (Volume/Units)
3.1.3 Lip Care Market 2019-2024 (Volume/Units)
3.1.4 Oral Care Market 2019-2024 (Volume/Units)
3.2 By Distribution Channels Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 Hypermarkets and Supermarkets Market 2019-2024 (Volume/Units)
3.2.2 Convenience Stores Market 2019-2024 (Volume/Units)
3.2.3 Online Market 2019-2024 (Volume/Units)
3.2.4 Speciality Stores Market 2019-2024 (Volume/Units)
4.Global COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units)
4.1 Most Active Companies Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Key Staretegies Adopted Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America MARKET SEGMENTATION Market 2019-2024 ($M)
5.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Skin Care Market 2019-2024 ($M)
5.1.2 Hair Care Market 2019-2024 ($M)
5.1.3 Lip Care Market 2019-2024 ($M)
5.1.4 Oral Care Market 2019-2024 ($M)
5.2 By Distribution Channels Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Hypermarkets and Supermarkets Market 2019-2024 ($M)
5.2.2 Convenience Stores Market 2019-2024 ($M)
5.2.3 Online Market 2019-2024 ($M)
5.2.4 Speciality Stores Market 2019-2024 ($M)
6.North America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
6.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
6.2 Key Staretegies Adopted Market 2019-2024 ($M) - Regional Industry Research
7.South America MARKET SEGMENTATION Market 2019-2024 ($M)
7.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Skin Care Market 2019-2024 ($M)
7.1.2 Hair Care Market 2019-2024 ($M)
7.1.3 Lip Care Market 2019-2024 ($M)
7.1.4 Oral Care Market 2019-2024 ($M)
7.2 By Distribution Channels Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Hypermarkets and Supermarkets Market 2019-2024 ($M)
7.2.2 Convenience Stores Market 2019-2024 ($M)
7.2.3 Online Market 2019-2024 ($M)
7.2.4 Speciality Stores Market 2019-2024 ($M)
8.South America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
8.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
8.2 Key Staretegies Adopted Market 2019-2024 ($M) - Regional Industry Research
9.Europe MARKET SEGMENTATION Market 2019-2024 ($M)
9.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Skin Care Market 2019-2024 ($M)
9.1.2 Hair Care Market 2019-2024 ($M)
9.1.3 Lip Care Market 2019-2024 ($M)
9.1.4 Oral Care Market 2019-2024 ($M)
9.2 By Distribution Channels Market 2019-2024 ($M) - Regional Industry Research
9.2.1 Hypermarkets and Supermarkets Market 2019-2024 ($M)
9.2.2 Convenience Stores Market 2019-2024 ($M)
9.2.3 Online Market 2019-2024 ($M)
9.2.4 Speciality Stores Market 2019-2024 ($M)
10.Europe COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
10.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
10.2 Key Staretegies Adopted Market 2019-2024 ($M) - Regional Industry Research
11.APAC MARKET SEGMENTATION Market 2019-2024 ($M)
11.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Skin Care Market 2019-2024 ($M)
11.1.2 Hair Care Market 2019-2024 ($M)
11.1.3 Lip Care Market 2019-2024 ($M)
11.1.4 Oral Care Market 2019-2024 ($M)
11.2 By Distribution Channels Market 2019-2024 ($M) - Regional Industry Research
11.2.1 Hypermarkets and Supermarkets Market 2019-2024 ($M)
11.2.2 Convenience Stores Market 2019-2024 ($M)
11.2.3 Online Market 2019-2024 ($M)
11.2.4 Speciality Stores Market 2019-2024 ($M)
12.APAC COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
12.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
12.2 Key Staretegies Adopted Market 2019-2024 ($M) - Regional Industry Research
13.MENA MARKET SEGMENTATION Market 2019-2024 ($M)
13.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Skin Care Market 2019-2024 ($M)
13.1.2 Hair Care Market 2019-2024 ($M)
13.1.3 Lip Care Market 2019-2024 ($M)
13.1.4 Oral Care Market 2019-2024 ($M)
13.2 By Distribution Channels Market 2019-2024 ($M) - Regional Industry Research
13.2.1 Hypermarkets and Supermarkets Market 2019-2024 ($M)
13.2.2 Convenience Stores Market 2019-2024 ($M)
13.2.3 Online Market 2019-2024 ($M)
13.2.4 Speciality Stores Market 2019-2024 ($M)
14.MENA COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
14.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
14.2 Key Staretegies Adopted Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Asia-pacific Cosmeceutical Market Revenue, 2019-2024 ($M)
2.Canada Asia-pacific Cosmeceutical Market Revenue, 2019-2024 ($M)
3.Mexico Asia-pacific Cosmeceutical Market Revenue, 2019-2024 ($M)
4.Brazil Asia-pacific Cosmeceutical Market Revenue, 2019-2024 ($M)
5.Argentina Asia-pacific Cosmeceutical Market Revenue, 2019-2024 ($M)
6.Peru Asia-pacific Cosmeceutical Market Revenue, 2019-2024 ($M)
7.Colombia Asia-pacific Cosmeceutical Market Revenue, 2019-2024 ($M)
8.Chile Asia-pacific Cosmeceutical Market Revenue, 2019-2024 ($M)
9.Rest of South America Asia-pacific Cosmeceutical Market Revenue, 2019-2024 ($M)
10.UK Asia-pacific Cosmeceutical Market Revenue, 2019-2024 ($M)
11.Germany Asia-pacific Cosmeceutical Market Revenue, 2019-2024 ($M)
12.France Asia-pacific Cosmeceutical Market Revenue, 2019-2024 ($M)
13.Italy Asia-pacific Cosmeceutical Market Revenue, 2019-2024 ($M)
14.Spain Asia-pacific Cosmeceutical Market Revenue, 2019-2024 ($M)
15.Rest of Europe Asia-pacific Cosmeceutical Market Revenue, 2019-2024 ($M)
16.China Asia-pacific Cosmeceutical Market Revenue, 2019-2024 ($M)
17.India Asia-pacific Cosmeceutical Market Revenue, 2019-2024 ($M)
18.Japan Asia-pacific Cosmeceutical Market Revenue, 2019-2024 ($M)
19.South Korea Asia-pacific Cosmeceutical Market Revenue, 2019-2024 ($M)
20.South Africa Asia-pacific Cosmeceutical Market Revenue, 2019-2024 ($M)
21.North America Asia-pacific Cosmeceutical By Application
22.South America Asia-pacific Cosmeceutical By Application
23.Europe Asia-pacific Cosmeceutical By Application
24.APAC Asia-pacific Cosmeceutical By Application
25.MENA Asia-pacific Cosmeceutical By Application