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U.S. Demand For Cosmeceuticals To Exceed

Published December 5, 2006
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● Demand for cosmeceutical products is expected to increase 8.5% per year to over $8 billion in 2010, propelled by a stream of new and technologically advanced product introductions offering age-defying and other appearance-enhancing benefits for an aging population, according to Cosmeceuticals, a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm. Cosmeceutical products face intense pricing competition due to the growing market penetration of private label cosmeceutical brands and the rapid commoditization of innovative ingredients and products. The value of chemicals used in cosmeceutical products is expected to advance 8.8% per year to $1.2 billion in 2010, with gains spurred by the use of new, value-added active ingredients in product formulations. Skin care products will account for 60% of all cosmeceutical product demand in 2010. Anti-aging

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