The emerging markets in APAC region are creating significant opportunities for the key market players to expand their businesses. The majority of players concentrate on developing markets, such as India and China, owing to the large population suffering from chronic diseases in these countries. With rising production costs against their practices, healthcare companies strive to produce sufficient revenue to entertain their investors. The markets in a few growing economies are expected to be essential in offering more reliable and profitable growth opportunities for the major players to expand their industry and geographic scope. Advancements in biotechnology increased the demand for cosmeceuticals, encouraging the introduction of more customized products and facilitating the shift toward personalized cosmeceuticals. Various players in the industry have been investing a significant amount of their revenue in R&D activities to develop better and more advanced products and technologies to be used in the cosmeceuticals market. The APAC market is anticipated to have the fastest growth during the forecast period due to significant biopharmaceutical companies in countries such as Japan and the growing number of local companies in countries such as China and India. These activities in the region are increasing the demand for cosmeceuticals and are anticipated to provide significant growth opportunities to the players operating in the market during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC cosmeceuticals market. The APAC cosmeceuticals market is expected to grow at a good CAGR during the forecast period.
APAC cosmeceuticals market is segmented into active ingredient, distribution channel, product, and country. Based on active ingredient, the cosmeceuticals market is segmented into antioxidants, peptides and proteins, exfoliants, retinoids, botanicals, and others. The antioxidants segment held the largest market share in 2021. The APAC cosmeceuticals market, based on distribution channel, is segmented into supermarket/hypermarket, online retail stores, convenience stores, specialist stores, and other distribution channels. In 2021, the supermarket/hypermarket segment held the largest share of the market. The cosmeceuticals market, by product, is segmented into skin care, hair care, oral care, and others. The skin care segment held the largest share of the market in 2021. Based on country, the APAC cosmeceuticals market is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC.
Allergan, Amway Corp., Avon Products Inc., BASF SE, Beiersdorf Global, Croda International Plc, Johnson & Johnson, L'Oreal, Procter & Gamble, and Unilever plc are among the leading companies in the APAC cosmeceuticals market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 10,681.53 Million |
| Market Size by 2028 | US$ 19,555.40 Million |
| CAGR (2021 - 2028) | 9.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Active Ingredient
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Cosmeceuticals Market is valued at US$ 10,681.53 Million in 2021, it is projected to reach US$ 19,555.40 Million by 2028.
As per our report Asia Pacific Cosmeceuticals Market, the market size is valued at US$ 10,681.53 Million in 2021, projecting it to reach US$ 19,555.40 Million by 2028. This translates to a CAGR of approximately 9.0% during the forecast period.
The Asia Pacific Cosmeceuticals Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Cosmeceuticals Market report:
The Asia Pacific Cosmeceuticals Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Cosmeceuticals Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Cosmeceuticals Market value chain can benefit from the information contained in a comprehensive market report.
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