NEW YORK, Aug. 20, 2021 /PRNewswire/ — According to the latest market research report on Cosmeceuticals Market from Technavio, the market is expected to expand at a healthy CAGR of 5.55%. The growth can be mainly attributed to the growing premium BPC products industry.
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The cosmeceuticals market will witness Positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to Increase as compared to 2020.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Addressing Potential Impacts by Facilitating changes in Process Designs
- Focusing on agile execution of proposed and approved changes.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Related Report on Consumer Staples Industries:
Cosmetic Preservatives Market by Product, Application, and Geography – Forecast and Analysis 2021-2025: The cosmetic preservatives market has the potential to grow by USD 109.85 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.25%. To get extensive research insights: Download Our Exclusive Sample Report
Herbal Cosmetics Market by Product and Geography – Global Forecast and Analysis: The global herbal cosmetics market size will grow by USD 33.07 billion during 2019-2023. This market report provides a detailed analysis of the market by product (skin care, hair care, and body care) and geography (APAC, Europe, MEA, North America, and South America). To get extensive research insights: Download Our Exclusive Sample Report of the Latest Version
Top 3 Cosmeceuticals Market Players
Amway Corp. operates its business under segments- Nutrition, Beauty, Home, and Energy and Spot. The company offers wide range of cosmeceuticals products through brands such as ARTISTRY, ARTISTRY Intensive Skincare, ARTISTRY Hydra-V, and SATINIQUE.
Beiersdorf AG operates its business under segments- Consumer and Tesa. The company offers wide range of cosmeceuticals products through brands atrix, Eucerin, Florena, HIDROFUGAL, La Prairie, Labello, NIVEA, and SLEK.
Burberry Group Plc
Burberry Group Plc operates its business under segments- Retail/wholesale and Licensing. The company offers wide range of cosmeceuticals products through brand Coty.
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Cosmeceuticals Market 2021-2025: Segmentation
Cosmeceuticals market is segmented as below:
- Skincare Cosmeceuticals
- Haircare Cosmeceuticals
- Oral Care Cosmeceuticals
- Make-up Cosmeceuticals
- Other Cosmeceuticals
- Distribution Channel
- North America
- South America
The cosmeceuticals market is driven by the growing premium BPC products industry. In addition, other factors such as demand for health and wellness and innovative ingredients and technologies that can benefit the health and appearance of skin are expected to trigger the cosmeceuticals market toward witnessing a CAGR of over 5.55% during the forecast period.
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- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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