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
  • Patent Activity: Colgate-Palmolive

    Patent Activity: Colgate-Palmolive

    December 6, 2016
    New oral care compositions, the use of radish root ferment filtrate in a cleanser and more.

  • Sparkle & Shine

    Sparkle & Shine

    Melissa Meisel, Associate Editor||November 21, 2016
    Glam packaging and upscale scent combos are big at Yankee Candle for Holiday 2016.

  • Cos Bar: Turning 40 and Hitting Fast Forward

    Cos Bar: Turning 40 and Hitting Fast Forward

    Christine Esposito, Associate Editor||November 21, 2016
    With a recent investor infusion, a new CEO and rebranding effort underway, this luxury beauty retailer has big plans.

  • Slow & Steady

    Slow & Steady

    Tom Branna, Editorial Director||December 1, 2016
    In a tumultuous environment, steady gains posted in the industrial and institutional cleaning sector are welcomed.

  • The World Comes to Orlando

    The World Comes to Orlando

    Tom Branna, Editorial Director||December 1, 2016
    More than 1,600 chemists traveled to Florida for the IFSCC Congress

  • The Plex  Phenomenon

    The Plex Phenomenon

    Denise Costrini, Croda North America||December 1, 2016
    Croda details the hair-protecting qualities of bond multipliers and the company’s new bond-building formulation system.