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Cosmeceutical Market Growing 4.6%

Published February 13, 2013
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• The cosmeceuticals markets in the UK, France, Germany, Italy, Spain, Japan and US was worth $30.9 billion in 2011, and is expected to post a CAGR of 4.6% to reach $42.4 billion by 2018, according to a new study by GBI Research.

Presently, cosmeceutical companies rely on developed nations, but increasing wealth in emerging markets such as Latin America, China and India is expected to see products reach an even wider audience in the future.

GBI notes that the market is dominated by a few large players, including Procter & Gamble, L’Oréal, Unilever and Beiersdorf, which market big brands such as Olay, L’Oréal, Garnier and Nivea that are backed with massive marketing budgets.

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