2018 China's cosmeceutical market prospects analysis industry is in a rapid growth period
The English name of Cosmeceutica1 is a combination of Cosmetics and Pharmaceuticals, meaning cosmetics with pharmaceutical properties. There is no clear definition of cosmeceuticals in the world. In the United States, cosmetics that are considered by the FDA to contain pharmaceutical ingredients are cosmeceuticals; in China, cosmetics that are generally sold in pharmacies are cosmeceuticals, which are traditional Chinese medicine. The theory is a guiding ideology, adding functional ingredients, and a highly safe cosmetic developed for problem skin and sensitive skin. According to the data of the “Cosmeceutical Industry Brand Competition and Investment Opportunity Analysis Report†released by the Prospective Industry Research Institute, in the 1990s, the annual sales of the global drug and makeup market was only several hundred million US dollars, and in 2004 it reached 2.7 billion US dollars, 2012. The year is as high as $13 billion. It is expected that the global cosmeceutical market will grow at an annual rate of more than 17% in the next few years, which will greatly exceed the actual annual growth rate of the global pharmaceutical market. By 2015, the global cosmeceutical market will reach about 30 billion US dollars. 2004-2016 global cosmeceutical market size and forecast (unit: billion US dollars) Source: Prospective Industry Research Institute According to statistics, in Europe and the United States, the market share of cosmeceutical cosmetics accounts for more than 60% of the entire cosmetics market. And it is still growing every year. In recent years, about 50% of consumers in France like to consume skin care products in pharmacies, and nearly two-thirds of the population have different levels of skin problems; more than 30 million people in the United States use cosmeceutical facial care products. The sales of cosmeceuticals in the world have been steadily increasing in the past 10 years, and the cosmeceutical market in some developed countries has accounted for more than 60% of the cosmetics market. In China, despite the large number of cosmetics sales, the annual growth rate of drug cosmetics sales is around 20%, but the market share of cosmeceutical cosmetics is still small. According to the report data, in 2009, the sales of the cosmetics market was 80 billion yuan, of which the sales of the cosmeceutical market was 8-10 billion yuan, accounting for 8% of the sales in the cosmetics market. In 2012, China's cosmetics market above designated size was 129.1 billion yuan, and as a segment of the cosmeceutical market, the share increased to 18%, and the total sales reached 18 billion yuan. Traditional Chinese medicine cosmetics, as a new force in cosmeceuticals, are currently in a rapid growth period. Size and Forecast of China's Cosmeceutical Market in 2009-2015 (Unit: 100 million yuan) Source: Prospective Industry Research Institute Cosmeceutical market development trend Cosmeceuticals have become a branch of cosmetics with its unique efficacy. It has developed very mature in the international cosmetics market. In the past few years, the global cosmeceutical market has developed rapidly, and its growth rate is much higher than cosmetics, mainly due to cosmeceutical ingredients. Various active substances including drugs are added, and it is regarded as a therapeutic cosmetic in foreign countries. With the development of the cosmeceutical industry, the variety of cosmeceuticals will be more abundant, and it will occupy a larger market in the fields of deodorant cosmetics, freckle cosmetics, hair care cosmetics, skin care cosmetics, etc., and foreign companies will accelerate the drug makeup. In the development of the market, foreign capital in the Chinese cosmeceutical market will still occupy a large share. (Author: Zheng Jiaxin) Pacific Mackerel Pacific Mackerel ZHEJIANG EVERNEW SEAFOOD CO.,LTD , https://www.evernewseafood.com
