The cosmeceuticals market in Europe is expected to grow from US$ 12,345.02 million in 2021 to US$ 21,746.39 million by 2028; it is estimated to grow at a CAGR of 8.4% from 2021 to 2028.
The rising male grooming industry is a key growth promoter in the Europe cosmeceuticals market. There has been a pivotal shift in male pampering culture during the last decade. The share of male consumers in the dollar sales is likely to increase with the growing demand for anti-aging and acne control cosmeceuticals among the male population. The combined efforts from influencers and brands dismantle the archaic notion that men should not indulge in self-care. In skin care, there will be growth in products designed for different skin types and degrees of stubble. The number of product launches for men will still be low compared to those for women, but the gap will narrow over time.
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 Europe cosmeceuticals market. The Europe cosmeceuticals market is expected to grow at a good CAGR during the forecast period.
Europe Cosmeceuticals Market Revenue and Forecast to 2028 (US$ Million)
Europe Cosmeceuticals Market Segmentation
Europe cosmeceuticals market is segmented into active ingredient, distribution channel, product and country. By 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 Europe 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, based on 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 Europe cosmeceuticals market is segmented into France, Germany, Italy, the UK, Spain, and the rest of Europe.
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 Europe cosmeceuticals market.
Europe Cosmeceuticals Market Strategic Insights
Europe CosmeceuticalsMarket Report Highlights
| Report Attribute | Details |
| Market size in 2021 | US$ 12,345.02 Million |
| Market Size by 2028 | US$ 21,746.39 Million |
| CAGR (2021 - 2028) | 8.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Active Ingredient
|
|
Regions and Countries Covered
|
|
| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
|
Europe Cosmeceuticals Market Country and Regional Insights
