Cosmeceuticals Still Coming on Strong

Cosmeceuticals-article

The cosmeceuticals market in the Asia Pacific region has grown at a double-digit rate during the three years from 2013-2015, says new data from Ken Research, presented in the report ‘Asia-Pacific Cosmeceuticals Industry Forecast to 2017 – Medicated Cosmetics Present Bright Prospects’.

The report relays that the Asia-Pacific cosmeceuticals market has contributed more than 60% of the global market in 2012 and that the medicated cosmetics market in Asia Pacific represents the highest growth segment in the skincare market, specifically propelled by the anti-sectors.

Some of the other noteworthies from the report:
‘ The cosmeceuticals market in China grew by 3.8% in 2012, with herbal cosmetic brands playing a major role in the industry.
‘ The industry in China is anticipated to expand at a higher pace majorly due to anti-aging, men’s grooming and skincare products.
‘ The market for anti-aging skincare products has driven cosmeceutical sales in India at an annual growth rate of 10.9% from 2007-2012.
‘ Vietnam cosmeceuticals industry has grown at an average annual growth rate of 5.3% from 2007-2012 with 90% of the foreign cosmeceutical products prevailing in the country.
‘ In the cosmeceuticals market in Asia-Pacific region, Japan contributed the major share of 40.0% in 2012, followed by China. While the report doesn’t focus directly on Australia, it references that has also gained traction here.

The primary takeaway? All signs point to cosmeceutical skincare continuing it’s meteoric surge in popularity across all price points of our industry.

Asia-cosmeceuticals-report-cover

kenresearch.com

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