The increased male participation in purchasing medicated skin care and hair care products to spur a positive demand in the market
The desire of each individual to retain a youthful appearance has stipulated the demand for cosmeceuticals which can neither be categorized as cosmetics or pharmaceuticals, thus strengthening the market for cosmeceuticals in Asia Pacific region. The utility of cosmeceuticals has considerably risen in recent years. This radically inclined the techniques of clinician in improving the treatment of skin, hair and other conditions. The value growth of cosmeceutical products over the years has been impelled by changing consumer perception.
Asian men are becoming considerable consumers of dermaceutical products, providing opportunities for various companies that feature men’s lines such as skin care, shaving and other products.
The distribution of cosmeceutical products through various online channels has grown at a rapid pace in the past few years. Departmental stores and hypermarkets in the past have played a vital role in the development of dermaceutical product market.
The cosmeceuticals market in Asia-Pacific region will grow rapidly from 2013-2017, as people in the countries of India, Indonesia, Thailand, Vietnam and Malaysia have become health conscious and desire to look fair and young.
The industry forecast shows strong growth in skin care and hair care segments and also significant growth is expected in other niche areas such as lip protection and teeth whitening in Asia-Pacific region.
Clinical research combined with innovative expansion of new ingredients in the medicated hair care and skin care products will maintain the cosmeceutical segment of the cosmetics market attractive and lucrative.
The report titled “Asia-Pacific Cosmeceuticals Industry Forecast to 2017 - Medicated Cosmetics Present Bright Prospects” offers a detailed study of the Asian cosmeceuticals market and help to analyze further prospects in the various parts of the region. It facilitate the cosmeceutical producers, marketers and emerging companies to understand market trends by geography and by product lines to form strategies, make new alliances, expand product line and audience to target. Statistical information provides deep understanding of industry past performance, present and future prospects on account of changing economic conditions and shifting consumer buying habits.
Contact Person: Ankur Gupta
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SOURCE Ken Research