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Pulished Date August, 2021
ID: 12002
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APAC Cosmeceuticals Market Research Report – Segmented By Product Type, Distribution Channel & Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) – Industry Analysis on Size, Share, Trends, COVID-19 Impact and Growth Forecast (2021 to 2026)

Pulished: August, 2021
ID: 12002
Pages: 100

APAC Cosmeceuticals Market Size (2021 to 2026)

The size of the Asia-Pacific cosmeceuticals market is estimated to be worth USD 28.46 billion by 2026, growing at a CAGR of 8.68% during the forecast period.

The growing demand of the newer young generation and the increase in the middle-aged population in the APAC region is driving the growth of the cosmeceuticals market and thus fueling the demand for natural active ingredients in cosmetics.

In addition, the high brand awareness of cosmeceuticals and loyalty for cosmetics such as anti-aging, sunscreen, and hair care products are expected to promote market growth in the near future. Furthermore, the demand for multifunctional products is driving innovation, as price-conscious consumers opt for products that hydrate and protect the skin; this is expected to increase the sale revenue in the APAC region.

Companies constantly advertise cosmetics that offer medicinal benefits, especially on social media sites like Facebook, Twitter, YouTube, and Instagram, where beauty bloggers are trendy. The demand for anti-aging products to prevent hair damage, age spots, uneven skin tone, dry skin, and wrinkles is likely to be the main driver of APAC cosmeceuticals market growth.

Lax regulations are a major constraint on the industry's growth, as they allow the growth of counterfeit products in the market, causing damage to the skin and hair. Unlike drugs, the regulatory system for cosmeceuticals is ambiguous and not strict. Therefore, new products introduced most of the time are subject to the uncertainty of regulatory scrutiny. These regulatory ambiguities lead to the sale of counterfeit cosmetic products, damaging the reputation of the cosmetics market due to its negative impact.

Impact of COVID-19 on the APAC cosmeceuticals market:

The COVID-19 pandemic has influenced the consumption habits and purchasing decisions of Asian consumers, causing market growth to decline slightly, as several governments impose multiple measures to curb the spread of COVID-19. Consumers in the market are concerned about their skin. Thus, the category grew with the start of the pandemic in the market, and the sales of cosmetics increased during the period. In addition, "home skincare" web searches have increased by more than 50% since 2020; this data indicates the positive effect for the APAC cosmeceuticals market.

The research report on the APAC cosmeceuticals market has been segmented and sub-segmented into the following categories.

By Product Type:

  • Skin Care
  • Hair Care
  • Oral Care

By Distribution Channel:

  • Supermarkets & Specialty Stores
  • Online Platform

By Country:

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

Emerging countries such as China and India see increased sales in the cosmeceuticals market, which offers great potential for suppliers to enter the cosmeceuticals market in these countries. In addition, the market is experiencing revenue growth from Indonesia, Thailand, Vietnam, Malaysia, Singapore, and Australia.

The Chinese cosmeceuticals market is estimated to have a CAGR of 7.9% during the forecast period. The cosmeceuticals have recently gained traction in China, and it has become one of the most preferred product categories. The busier and more stressful lifestyles of consumers in the country and worsening environmental conditions have sparked increased concern about skin conditions among consumers seeking skin rejuvenation products. This has led to increased sales of cosmeceuticals. Consumption of cosmeceuticals in China is most prevalent in the Tier 1 mega-cities, with increasing penetration in Tier 2 and Tier 3 cities, which are experiencing an increase in China's middle class and consumption of cosmeceuticals in the country. Although a portion of Chinese consumers is willing to pay for branded or higher quality products, consumers tend to be less brand loyal and more price-sensitive than consumers in the United States or European counterparts.

In India, the skincare market is experiencing exaggerated growth in gender equity products in both urban and rural areas. As a result, the medicinal cosmetics industry is expected to grow at a CAGR of 11.9% in the country. The predicted double-digit growth in the emerging skincare cosmeceuticals market encourages suppliers to develop high-end, high-quality products. In the region, countries like China, India, and Vietnam present considerable growth opportunities for market players, mainly due to the growth of the millennial population in the upcoming years.

KEY MARKET PLAYERS:

Some promising companies operating in the APAC cosmeceuticals market profiled in this report are L'Oreal SA, Procter & Gamble, Unilever PLC, Shiseido Co. Ltd, Revlon Inc., Groupe Clarins SA, Beiersdorf AG, and Johnson & Johnson Inc.

  1. Introduction                                                          
    1. Market Definition                                               
    2. Scope of the report                                            
    3. Study Assumptions                                            
    4. Base Currency, Base Year and Forecast Periods                                                     
  2. Research Methodology                                                                    
    1. Analysis Design                                                   
    2. Research Phases                                                 
      1. Secondary Research                                       
      2. Primary Research                              
      3. Data Modelling                                 
      4. Expert Validation                              
    3. Study Timeline                                                    
  3. Report Overview                                                                 
    1. Executive Summary                                           
    2. Key Inferences                                                  
  4. Market Dynamics                                                                
    1. Impact Analysis                                                   
      1. Drivers                                  
      2. Restraints                              
      3. Opportunities                                    
    2. Regulatory Environment                                                  
    3. Technology Timeline & Recent Trends                                                      
  5. Competitor Benchmarking Analysis                                                             
    1. Key Player Benchmarking                                                
      1. Market share analysis                                    
      2. Products/Service                              
      3. Regional Presence                            
    2. Mergers & Acquisition Landscape                                                
    3. Joint Ventures & Collaborations                                                  
  6. Market Segmentation                                                                       
    1. Cosmeceuticals Market, By Product Type
      1. Skin Care
      2. Hair Care
      3. Oral Care
      4. Market Size Estimations & Forecasts (2021-2026)                               
      5. Y-o-Y Growth Rate Analysis                                         
      6. Market Attractiveness Index                                       
    2. Cosmeceuticals Market, By Distribution Channel                                          
      1. Supermarkets & Specialty Stores
      2. Online Platform
      3. Market Size Estimations & Forecasts (2021-2026)                               
      4. Y-o-Y Growth Rate Analysis                                         
      5. Market Attractiveness Index                   
  7. Geographical Landscape                                                                  
    1. Cosmeceuticals Market, by Region                                            
    2. Asia Pacific                                             
      1. By Country                                         
        1. China                  
        2. India                    
        3. Japan                  
        4. South Korea                     
        5. South East Asia                
        6. Australia & NZ                  
        7. Rest of Asia-Pacific                        
  8. Key Player Analysis                                                             
    1. L'Oreal SA
      1. Business Description                                      
      2. Products/Service                              
      3. Financials                             
      4. SWOT Analysis                                  
      5. Recent Developments                                    
      6. Analyst Overview                              
    2. Procter & Gamble
    3. Unilever PLC
    4. Shiseido Co. Ltd
    5. Revlon Inc.
    6. Groupe Clarins SA
    7. Beiersdorf AG
    8. Johnson & Johnson Inc.
  9. Market Outlook & Investment Opportunities                                                          
  10. Appendix                                               
    1. List of Tables
    2. List of Figures
  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
  • Segment-level analysis in terms of product type, and distribution channel along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. Asia Pacific Cosmeceuticals Market, By Product Type, From 2021 to 2026 (USD Billion)
  2. Asia Pacific Skin Care Market, By Region, From 2021 to 2026 (USD Billion)
  3. Asia Pacific Hair Care Market, By Region, From 2021 to 2026 (USD Billion)
  4. Asia Pacific Oral Care Market, By Region, From 2021 to 2026 (USD Billion)
  5. Asia Pacific Cosmeceuticals Market, By Distribution Channel, From 2021 to 2026 (USD Billion)
  6. Asia Pacific Supermarkets & Specialty Stores Market, By Region, From 2021 to 2026 (USD Billion)
  7. Asia Pacific Online Platform Market, By Region, From 2021 to 2026 (USD Billion)
  8. Japan Cosmeceuticals Market, By Product Type, From 2021 to 2026 (USD Billion)
  9. Japan Cosmeceuticals Market, By Distribution Channel, From 2021 to 2026 (USD Billion)
  10. China Cosmeceuticals Market, By Product Type, From 2021 to 2026 (USD Billion)
  11. China Cosmeceuticals Market, By Distribution Channel, From 2021 to 2026 (USD Billion)
  12. India Cosmeceuticals Market, By Product Type, From 2021 to 2026 (USD Billion)
  13. India Cosmeceuticals Market, By Distribution Channel, From 2021 to 2026 (USD Billion)
  14. Australia Cosmeceuticals Market, By Product Type, From 2021 to 2026 (USD Billion)
  15. Australia Cosmeceuticals Market, By Distribution Channel, From 2021 to 2026 (USD Billion)
  16. South Korea Cosmeceuticals Market, By Product Type, From 2021 to 2026 (USD Billion)
  17. South Korea Cosmeceuticals Market, By Distribution Channel, From 2021 to 2026 (USD Billion)

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