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Global Cosmeceuticals Market to reach $31.84 billion by 2016, Skin Care and Hair Care Key Growth Segments
Date:4/9/2013

al Potential for Innovative and Premium-Priced Products

A second report, "Cosmeceuticals Market to 2018" forecasts the global cosmeceuticals market (US, UK, France, Germany, Italy, Spain, and Japan) will reach $42.4 billion by 2018. The report further notes that the market is dominated by a small number of large players such as Procter & Gamble (P&G), LOreal, Unilever and Beiersdorf. Their success is driven by building big brands such as Olay, LOreal, Garnier and Nivea through access to large marketing budgets.

With an aging population and increasing consumer awareness, demand for high-quality, innovative and premium-priced cosmeceutical products is increasing in the top seven global markets. Demand is further boosted by increasing urbanization and affordability in emerging markets such as Latin America, China and India. The per-capita disposable income is steadily increasing in these economies, making it a lucrative growth target for the cosmetics industry.

More information about this report and a free sample are available at http://www.giiresearch.com/report/gbi260638-cosmeceuticals-market-technological-advances.html

The Divergent Worlds of Hair Care

Global Strategies for Growth

Over the past five years, hair care spending in the BRICs and key second tier emerging markets has offset sluggishness in the US, Japan and Western Europe.
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SOURCE Global Information, Inc.
Copyright©2012 PR Newswire.
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