Breaking News

U.S. Cosmeceuticals Market To Top $8 Billion by 2012

December 8, 2008

Demand for cosmeceutical products is expected to increase 7.4% a year to $8.2 billion in 2012, driven by an aging populace seeking to youthful appearance in an image-conscious society, according to a new report from Freedonia Group. This, coupled with an increasingly competitive work force, a steady stream of new and technologically-advanced product introductions and the continuation of astute marketing, will bode well for the cosmeceuticals marketplace.

On the flipside, limiting further gains will be growing pricing pressures and intense competition from alternative treatments, including laser resurfacing and various cosmetic surgical procedures.

According to the Cleveland-based industry research firm, injectables and skin care products will register the fastest growth in the market. Growth of injectables will be fueled by their ability to provide quick wrinkle reduction without recovery time. Further propelling gains will be the FDA approval of new injectables—such as calcium hydroxylapatite—that provide long-lasting results.

In addition to achieving above-average growth, skin care products will remain the largest product category, set to account for 63% of all cosmeceutical product demand in 2012. Age-defying products will achieve above-average growth, with gains driven by a highly receptive, fast-expanding group of middle-aged consumers, as well as a growing number of younger individuals, who want to redress or prevent visible damage to the skin caused by aging, ultraviolet radiation and other environmental stressors.

In terms of raw materials, antioxidants will remain the largest category, with above-average gains promoted by their incorporation in both topical and ingestible formulations. Botanicals and enzymes, as well as hyaluronic acid, amino acids and peptides, are among the active ingredients set for favorable opportunities in a variety of cosmeceutical products. More info: www.freedoniagroup.com
blog comments powered by Disqus
  • Kitchen Counter Cosmetics

    Kitchen Counter Cosmetics

    Christine Esposito, Associate Editor||May 2, 2016
    LOLI box marks the convergence of natural and organic ingredients, subscription service and DIY cosmetic chemistry.

  • What’s New at La Prairie?

    What’s New at La Prairie?

    Melissa Meisel, Associate Editor||April 25, 2016
    VP of marketing shares the latest buzz with Happi.

  • Mapping Out Multicultural Beauty

    Mapping Out Multicultural Beauty

    April 25, 2016
    Agnieszka Saintemarie of Kline Group about current trends and challenges in multicultural beauty.

  • Erasing the Signs of Aging

    Pauline Rouaud-Tinguely, David Boudier, Sylvain Mazalrey, Jenny Laumonier, Isabelle Cruz, Gu00e9raldine Bon, Karine Perrinet, Bu00e9ranger Tassy, Brigitte Closs, Silab R&D, Saint-Viance, France||May 2, 2016
    Silab researchers explain how by acting on the endogenous hyaluronic acid pathway.

  • I Want It All

    I Want It All

    Melissa Meisel , Associate Editor||May 2, 2016
    Skin care moves beyond the basics with pampering formulations with unique components and novel functions.

  • Wacker Builds on Its Success

    Wacker Builds on Its Success

    Tom Branna, Editorial Director ||May 2, 2016
    The silicone maker had a good 2015 and expects the gains to continue in 2016, driven, in part, by success in the Americas and