The global cosmeceuticals market size is calculated at US$ 65.75 billion in 2024, grew to US$ 71.61 billion in 2025, and is projected to reach around US$ 154.47 billion by 2034. The market is expanding at a CAGR of 8.9% between 2025 and 2034.
Growing awareness: There is a growth in consumer awareness, which is increasing the use of clinically approved cosmeceuticals. This is increasing their R&D, leading to new innovations. At the same time, new funding rounds and collaborations are also being formed to accelerate and support their development.
For instance,
In July 2025, after revealing its latest range of professional skin treatments and skin care range and collaboration with Esskay Beauty Resources, Export Area Manager at Casmara Spain, Kenza Bourezgui, stated that, to suit the needs of Indian consumers, their innovation team will be developing products which was inspired by the diverse complexions and beauty goals of India. Thus, the new collection, with formulation embracing the natural process of aging and maintaining the skin health while boosting confidence, will be launched by them. Moreover, the availability of these products in the Indian market will be ensured by the collaboration between Esskay Beauty.
The R&D of the cosmeceuticals focuses on the discovery, formulation, and testing of the biologically active ingredients and delivery systems for developing products that can offer both cosmetic as well as pharmaceutical advantages.
Key Players: L’Oréal Group, Unilever plc, Procter & Gamble, Johnson & Johnson, Estée Lauder Companies Inc.
The formulation and final dosage preparation of cosmeceuticals includes the development of a safe, effective, and stable combination of active ingredients to formulate them into different dosage forms, such as cream, lotion, or serum.
Key Players: L’Oréal Group, GlaxoSmithKline, Johnson & Johnson, Galderma S.A.
Product regimen guidance, patient education, and support for potential side effects are offered in the patient support and services of the cosmeceuticals.
Key Players: L’Oréal Group, Unilever plc, Procter & Gamble, Johnson & Johnson, Estée Lauder Companies Inc., Galderma S.A., Beiersdorf AG.
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