Towards Healthcare
Cosmeceuticals Market To Rise USD 154.47 Bn by 2034

Cosmeceuticals Market Rising with Botanicals and E-Commerce

Market insights predict the global cosmeceuticals industry will increase from USD 65.75 billion in 2024 to USD 154.47 billion by 2034, achieving a CAGR of 8.9%.The cosmeceuticals market is expanding due to growing advancements in dermatology as well as increased use of anti-aging serum. Asia Pacific led the market due to the growth in beauty consciousness.

Category: Pharmaceuticals Insight Code: 6194 Format: PDF / PPT / Excel

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.

Cosmeceuticals Market Size 2024 to 2034

The use of cosmeceuticals is increasing globally due to growing consumer awareness. This, in turn, is increasing the collaboration and funding to enhance the development. AI is also being used for novel ingredient discovery, formulation optimization, and sustainability practices. At the same time, expanding healthcare, K-beauty trends, growing demand for organic cosmetics, etc, are increasing their adoption in various regions. Moreover, the companies are also contributing by forming new partnerships and launches. Thus, all these advancements are promoting the market growth.

Key Takeaways

  • Cosmeceuticals sector pushed the market to USD 65.75 billion by 2024.
  • Long-term projections show USD 154.47 billion valuation by 2034.
  • Growth is expected at a steady CAGR of 8.9% in between 2025 to 2034.
  • Asia Pacific held approximately a 39% share in the global cosmeceuticals market in 2024.
  • Europe is expected to be the fastest-growing region during the forecast period.
  • By product type, the skin care segment held an approximate 55% share in the market in 2024.
  • By product type, the hair care segment is expected to be the fastest growing during the forecast period.
  • By active ingredient type, the antioxidants segment dominated the market in 2024.
  • By active ingredient type, the botanicals & herbal extracts segment is expected to be the fastest growing during the forecast period.
  • By distribution channel type, the pharmacies & drug stores segment held approximately a 41% share in the market in 2024.
  • By distribution channel type, the online/e-commerce platforms segment is expected to be the fastest growing during the forecast period.
  • By end user, the women segment held an approximate 64% share in the global cosmeceuticals market in 2024.
  • By end user, the men segment is expected to be the fastest growing during the forecast period.

Key Indicators and Highlights

Table Scope
Market Size in 2025 USD 71.61Billion
Projected Market Size in 2034 USD 154.47Billion
CAGR (2025 - 2034) 8.9%
Leading Region Asia Pacific by 39%
Market Segmentation By Product Type, By Active Ingredient, By Distribution Channel, By End User, By Region
Top Key Players L’Oréal Group, Estée Lauder Companies Inc., Procter & Gamble (P&G), Unilever plc, Johnson & Johnson, Shiseido Company, Limited, Beiersdorf AG (Nivea, Eucerin), Amorepacific Corporation, Kao Corporation, Coty Inc., Revlon, Inc., Oriflame Holding AG, Mary Kay Inc., Himalaya Wellness Company, Clarins Group, Galderma S.A., Pierre Fabre Group, Avon Products Inc., Innisfree, Dr. Reddy’s Laboratories

What are the Cosmeceuticals?

The cosmeceuticals refer to cosmetic products with biologically active ingredients that provide medical or drug-like benefits beyond traditional skincare and beauty. These products are positioned between cosmetics and pharmaceuticals, addressing concerns like anti-aging, acne, hyperpigmentation, sun protection, hair loss, and skin hydration. Growth is fueled by rising consumer awareness of skin health, increasing disposable incomes, aging populations, urban lifestyles, and demand for premium, science-backed beauty products. Innovations in botanicals, peptides, stem cell extracts, nanotechnology, and personalized skincare are also driving adoption.

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 September 2025, Rs 28 crore was secured by Asaya, which is a science-driven skincare brand revolutionising hyperpigmentation solutions, in the pre-Series A funding round. A state-of-the-art innovation center will be developed to accelerate the development and launch of a new product line with a patented molecule targeting a major Indian skin concern with this funding.
  • In May 2025, to co-develop innovative skin care solutions targeting skin aging and cellular health, focusing on the cutting-edge process of mitophagy, a collaboration between Beiersdorf and Vincere Biosciences was announced. To develop novel cosmetic formulations that can combat visible signs of aging and enhance skin vitality by harnessing mitophagy will be the goal of the collaboration.

What is the use of AI in the Cosmeceuticals Market?

The rules of cosmeceuticals research and development (R&D) are being rewritten with the use of AI. With the use of AI, complex regulatory landscapes can be navigated with unprecedented precision, novel ingredients can be discovered, can enhance clinical trials can be enhanced and optimized. It also offers seamless integration with existing scientific methodologies, responsible implementation, and high-quality data with the use of a powerful set of tools. The testing and launch of the cosmeceuticals are also being transformed with AI-driven solutions. Moreover, refining ingredient discovery, enhancing regulatory compliance, optimizing formulation processes, and encouraging sustainability practices using AI can help in tackling various challenges.

Market Dynamics

Driver

Growing Demand for Natural Products

The demand for natural products is increasing due to growing consumer awareness. Therefore, consumers are selecting cosmeceuticals that are natural and chemical-free. This is also increasing the development of herbal and eco-friendly products. These products are also considered to be safe and gentle, which is increasing their use by consumers with sensitive skin. This, in turn, is also increasing the innovations focusing on cruelty-free and green chemistry, along with the use of products such as aloe vera and turmeric, enhancing their development. Thus, this is driving the cosmeceuticals market growth.

Restraint

Complex Formulation

The development of cosmeceuticals is complex, as it consists of various active ingredients that may be incompatible with each other. Their stability and bioavailability can also be affected when mixed inappropriately. Some of the ingredients may show a short shelf life, which reduces the potency of the products. The development of delivery systems is also complex, which may affect the skin penetration. Thus, this may restrict the development of cosmeceuticals.

Opportunity

Enhanced Use of Anti-Aging Serum

As there is a growth in the aging population, the demand for antiaging cosmeceuticals is increasing. This, in turn, is driving the use and innovations of anti-aging serums. They consist of various antioxidants, peptides, and growth factors that help in reducing or reversing the aging signs. Their growing adoption rates are increasing their innovations to improve their skin protection and stability. New delivery systems such as liposomes or nanoencapsulation are also being developed. New antiaging serums targeting elasticity, firmness, brightness, and hydration are also being developed. Thus, these growing advancements are increasing their use in both women and men, promoting the cosmeceuticals market growth.

For instance,

  • In September 2025, a next-generation anti-aging formulation, that is Agelock Multi-Peptide Serum for Fine Lines & Wrinkles (30ml), was launched by XYST. It is designed to calm, protect, and visibly renew the skin, as it consists of a potent leaf ferment that enhances sirtuin protein production to promote skin cell repair.

Segmental Insights

How Skin Care Segment Dominated the Cosmeceuticals Market in 2024?

By product type, the skin care segment dominated the market with approximately 55% share in 2024, due to the growing use of anti-acne and skin brightening products. At the same time, the demand for anti-aging products also increased due to a growth in the aging population. Additionally, the growing applications addressing various skin conditions are also enhancing their use. The growing online platforms increased their awareness and accessibility as well.

By product type, the hair care segment is expected to show the highest growth during the predicted time. Their demand is increasing to reduce hair fall or dandruff formation. Additionally, growing beauty standards and demand for natural products are also contributing to the same. They are also being used by men for beard grooming.

Which Active Ingredient Type Segment Held the Dominating Share of the Cosmeceuticals Market in 2024?

By active ingredient type, the antioxidants segment held the dominating share of the market in 2024, driven by their antiaging advantages. They minimized skin aging by protecting it against UV rays and pollution. Similarly, it also reduced the visible signs of aging, such as wrinkles and fine lines. It also reduced pigmentation. Thus, it provided photoprotection, brightening, and moisturizing effects, which increased their use.

By active ingredient type, the botanicals & herbal extracts segment is expected to show the fastest growth rate during the predicted time. Their demand is growing due to increasing shit in safer and gentler natural products. They provide various applications such as soothing effect, antibacterials, and anti-inflammatory properties. Moreover, they show minimal side effects and promote sustainability, which is increasing their adoption rates.

What Made Pharmacies & Drug Stores the Dominant Segment in the Cosmeceuticals Market in 2024?

By distribution channel type, the pharmacies & drug stores segment led the market with approximately a 41% share in 2024, due to trusted outlets for dermatologist-recommended products. Therefore, they provided various clinically supported cosmeceuticals. Moreover, they also offered various branded products. Thus, this enhanced the market growth.

By distribution channel type, the online/e-commerce platforms segment is expected to show the highest growth during the upcoming years. They offer D2C brands, subscription models, and personalized recommendations to consumers. Additionally, the presence of a wide range of products and discounts attracted the consumers. Furthermore, the home delivers enhanced convenience, which is increasing its use.

Why Did the Women Segment Dominate in the Cosmeceuticals Market in 2024?

By end user, the women segment held the largest share of approximately 64% in the global market in 2024, as they served as the primary consumer base for skincare and anti-aging solutions. At the same time, the growth in beauty awareness increased the use of various skin care and hair care cosmeceuticals. This, in turn, is driving the demand for natural, branded, and personalized skin care products.

By end user, the men segment is expected to show the fastest growth rate during the upcoming years. There is a rise in the demand for grooming and skincare products for men.  This, in turn, is enhancing their innovations, focusing on anti-aging and anti-hair loss cosmeceuticals. Additionally, the growing online platforms are also increasing their adoption rates.

Regional Insights

Cosmeceuticals Market Share, By Region, 2024 (%)

High Beauty Consciousness Drives Asia Pacific

Asia Pacific dominated the cosmeceuticals market share 39% in 2024. Due to a growth in the beauty consciousness in various countries of the Asia Pacific, the use of cosmeceuticals has increased. At the same time, the growing K-beauty trends also increased their use. Additionally, there is a rise in the demand for skin-brightening and anti-aging products. Thus, this enhanced the market growth.

China Cosmeceuticals Market Trends

China consists of a large population, which is increasing the use of various skin care products. The presence of a well-developed healthcare sector is also enhancing their R&D, promoting their innovations. Moreover, the growing awareness about the beauty standards is leading increasing demand for flawless and youthful skin products. The use of natural or traditional cosmeceuticals and K-beauty products is also growing.

India Cosmeceuticals Market Trends

The expanding healthcare sector in India is increasing the development of various cosmeceuticals. At the same time the urbanization and growing awareness are increasing their use to tackle the growing skin, hair, and oral problems. Moreover, the cosmeceuticals targeting the male population are also increasing along with the growing advancements in the natural or herbal formulations.

Growing Awareness Boosts Europe

Europe is expected to host the fastest-growing cosmeceuticals market during the forecast period. The skin and oral health awareness within the European population is increasing, which is increasing the demand for organic cosmeceuticals. This, in turn, is also increasing the demand and use of plant-based cosmeceuticals. Moreover, the growing aging population is increasingly using anti-aging products. At the same time, due to strict regulations, the companies are focusing on developing sustainable products. Additionally, the presence of online platforms is increasing their availability and adoption rates. Thus, this is promoting the market growth.

Cosmeceuticals Market Value Chain Analysis

R&D

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.

Formulation and Final Dosage Preparation

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.

Patient Support and Services

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.

Top Companies in the Cosmeceuticals Market

Cosmeceuticals Market Companies

  • L’Oréal Group
  • Estée Lauder Companies Inc.
  • Procter & Gamble (P&G)
  • Unilever plc
  • Johnson & Johnson
  • Shiseido Company, Limited
  • Beiersdorf AG (Nivea, Eucerin)
  • Amorepacific Corporation
  • Kao Corporation
  • Coty Inc.
  • Revlon, Inc.
  • Oriflame Holding AG
  • Mary Kay Inc.
  • Himalaya Wellness Company
  • Clarins Group
  • Galderma S.A.
  • Pierre Fabre Group
  • Avon Products Inc.
  • Innisfree
  • Dr. Reddy’s Laboratories

What is the Latest Announcement by the Industry Leader in the Cosmeceuticals Market?

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.

What are the Recent Developments in the Cosmeceuticals Market?

  • In September 2025, 2 products that are The Hydro Layer, a lightweight anti-aging moisturizer, and The Great, an advanced anti-aging serum for rapid skin renewal, were launched by the premium high-performance skincare brand for men, Caldera + Lab. The company’s patent-pending biomimetic exosomes, which are specifically designed for men’s skin, were used in these products.
  • In September 2025, the Daily Glow Packs and Daily Vitality Packs were introduced by Humansa Asia at Victoria Dockside, Hong Kong. These products target the 14 hallmarks of aging discovered by the journal Cell, where they are responsible for addressing aging at the cellular level.

Segments Covered in the Report

By Product Type

  • Skin Care
    • Anti-Aging Creams & Serums
    • Acne & Scar Treatment Products
    • Skin Whitening & Brightening Products
    • Sunscreens
    • Moisturizers & Hydration Products
  • Hair Care
    • Anti-Dandruff Shampoos
    • Hair Regrowth & Anti-Hair Loss Products
    • Hair Repair & Strengthening Treatments
    • Botanical & Organic Hair Care
  • Oral Care
    • Whitening Toothpaste
    • Anti-Plaque/Sensitivity Products
    • Herbal/Enzyme-Based Oral Care

By Active Ingredient

  • Antioxidants (Vitamin C, Vitamin E, Coenzyme Q10)
  • Retinoids (Retinol, Retinyl Palmitate)
  • Peptides & Proteins (Collagen boosters)
  • Botanicals & Herbal Extracts (Green Tea, Aloe Vera, Turmeric)
  • Hyaluronic Acid & Ceramides
  • Others (Stem Cell Extracts, Growth Factors, Probiotics)

By Distribution Channel

  • Pharmacies & Drug Stores
  • Specialty & Departmental Stores
  • Online/E-Commerce Platforms
  • Supermarkets/Hypermarkets
  • Dermatology Clinics & Spas

By End User

  • Women
  • Men
  • Unisex/Adolescents

By Region 

  • North America
    • U.S.
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Kuwait

Tags

  • Last Updated: 22 September 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Rohan Patil is a seasoned market research professional with over 5+ years of focused experience in the healthcare sector, bringing deep domain expertise, strategic foresight, and analytical precision to every project he undertakes.

Learn more about Rohan Patil

Aditi Shivarkar is a seasoned professional with over 14 years of experience in healthcare market research. As a content reviewer, Aditi plays a critical role in ensuring the quality and accuracy of all market insights and data presented by the research team.

Learn more about Aditi Shivarkar

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FAQ's

The cosmeceuticals market holds a valuation of USD 71.61 billion as of 2025, and will expand to USD 154.47 billion by 2034, achieving a CAGR of 8.9% between 2024 and 2034.

Asia Pacific is currently leading the cosmeceuticals market share 39% due to the growth in beauty consciousness.

Some key players include LOreal Group, Estee Lauder Companies Inc., Procter & Gamble, and Unilever plc.

Key trends include growing funding to enhance the development and launch of a new product line targeting a major Indian skin concern and new collaborations to develop innovative skin aging and cellular health solutions.

Cosmeceuticals refer to cosmetic products with biologically active ingredients that provide medical or drug-like benefits beyond traditional skincare and beauty.

Ministry of Health and Family Welfare, Government of India, National Institutes of Health, FDA, WHO, PIB, CDC.