Cosmeceuticals Market Analysis and Scope (2022 to 2028)
Cosmeceuticals Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 45.92 Billion |
Market Size by 2028 | US$ 81.75 Billion |
Global CAGR (2021 - 2028) | 8.6% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Active Ingredient
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Recent Developments
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the cosmeceuticals market. A few recent key market developments in the cosmeceuticals market are listed below:
- In Aug 2021, Shiseido Company, Limited announced a framework agreement between its China subsidiary, Shiseido China Co., Ltd., and Boyu Capital to launch the Shiseido Beauty Innovations Fund. The operation of the Fund will be conducted by Boyu and Shiseido and is scheduled to start this year after completion of relevant regulatory filings in China. The Fund will explore investment opportunities among China’s emerging brands in cosmetics and wellness, as well as in related technology companies such as e-commerce services and consumer experience technology.
- In Jul 2021, L'Oreal Groupe launched its first ever TikTok beauty channel driven by a progressive vision of the beauty industry's future, the channel uncovers the group's science, innovations and technologies beyond the world's favorite beauty products. Working in collaboration with experts from L'Oreal, this new channel delivers content that combines science, innovation, tech behind beauty products.