Report ID: UCMIG30L2023
Report ID:
UCMIG30L2023 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global cosmeceuticals market had a value of USD 50.75 billion in 2021 and is expected to grow to USD 96.23 billion by 2029, with a compound annual growth rate (CAGR) of 8.4% during the forecast period, with projections indicating that the market will be worth USD 54.57 billion in 2022. However, based on analysis, the market experienced a decline of -9.3% in 2020 compared to the previous year, possibly due to the global COVID-19 pandemic, which resulted in lower-than-expected demand for cosmeceuticals across all regions when compared to pre-pandemic levels.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Personal Products by segment aggregation, the contribution of the Personal Products in Household & Personal Products and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATIONWant to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: UCMIG30L2023