Neurocosmetics Market Size
The global neurocosmetics market size was valued at $1.95 billion in 2024 and is projected to reach $3.13 billion by 2030, growing at a CAGR of 8.2% during the forecast period.
Neurocosmetics Market Overview
Neurocosmetics refers to a branch of cosmetics and skincare that focuses on the intersection of neuroscience and beauty. It involves the study of how the brain perceives and responds to cosmetic products, as well as how psychological factors influence skin health and appearance. Neurocosmetics explores the complex relationship between the brain, emotions, and skincare by examining how sensory experiences, such as texture, scent, and color, affect the perception of beauty and well-being. This field also investigates the role of stress, emotions, and lifestyle factors in skin conditions and aging processes, leading to the development of skincare products and formulations designed to address these underlying mechanisms.
Neurocosmetics Market Dynamics
• The neurocosmetics market is expected to witness significant growth in the future due to the growing consumer demand for skincare products with neuroscientific benefits, increasing awareness of the mind-skin connection and its impact on overall well-being, and advancements in neuroscience and cosmetic formulation techniques.
• Additionally, the rising prevalence of stress-related skin concerns driving interest in stress-relief skincare solutions, expansion of the global beauty and cosmetics industry, and increasing aging population are the prominent factors driving the growth of the neurocosmetics market.
• However, the limited scientific evidence supporting the efficacy of neurocosmetic ingredients, high research and development costs associated with neurocosmetic product development, and regulatory challenges and safety concerns regarding neuroactive ingredients are restraining the market growth.
• On the contrary, the integration of neurocosmetics with wearable technology for real-time skin monitoring and feedback, expansion into emerging markets with growing disposable incomes and beauty consciousness, and collaboration between cosmetic companies and neuroscientists are creating opportunities for market growth.
By Product Type, the Face Care segment is Projected to Show Strong Presence in the Global Market
The face care segment is anticipated to exhibit a robust presence in the global market during the forecast period due to the increasing recognition of the complicated relationship between the mind and the skin. Consumers are becoming more aware of how stress, emotions, and lifestyle choices impact their skin's appearance and overall well-being. As a result, there is a growing desire for skincare products that not only provide touchable improvements in skin texture and appearance but also address the underlying emotional and psychological aspects of skincare concerns. Neurocosmetics offer a holistic approach to skincare by incorporating ingredients that interact with the nervous system, such as calming botanicals, mood-enhancing scents, and stress-relieving compounds. By addressing both the physical and emotional dimensions of skincare, neurocosmetics appeal to consumers seeking a more holistic and personalized approach to face care, driving significant demand for these products in the beauty market.
By Geography, Europe Constitutes Immense Share with Neurocosmetics Market
Europe holds a significant share of the neurocosmetics market due to the growing awareness and interest in the connection of neuroscience and skincare. With Europe being at the forefront of advancements in skincare and scientific research, consumers are increasingly fascinated by the idea of skincare products that target not only physical signs of aging or skin concerns but also the psychological aspects of beauty and well-being. Moreover, the European market's emphasis on luxury and premium beauty products matches well with the concept of neurocosmetics, which often feature high-quality ingredients and sophisticated formulations. Additionally, the region's stringent regulatory standards and consumer preferences for natural and sustainable beauty products drive innovation and ensure the safety and efficacy of neurocosmetic formulations.
Key Target Audience:
• Cosmetic Manufacturers and Brands
• Dermatologists and Skincare Professionals
• Research Institutions and Scientists
• Marketing and Advertising Agencies
• Regulatory Authorities and Government Agencies
List of the Key Players Profiled in the Report Includes:
• L'Oreal Group
• Shiseido Company
• Estée Lauder Companies
• Johnson & Johnson
• Procter & Gamble
• Unilever
• Henkel AG & Co. KGaA
• Beiersdorf AG
• Coty Inc.
• Avon Products Inc.
• Kao Corporation
• AmorePacific Corporation
Recent Developments:
• In December 2023, Shiseido Company, Limited (Shiseido) revealed that it’s Board of Directors, with unrestricted approval from the Representative Director, passed a resolution to acquire DDG Skincare Holdings LLC (DDG), based in New York, USA. DDG is renowned for its dermatologist-led, science-based prestige skincare solutions.
Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:
Market by, Product Type:
• Body Care
• Face Care
• Hair Care
• Color Cosmetics
• Bath Products
• Other Product Types
Market by, Consumer Group:
• Men
• Women
Market by, Distribution Channel:
• Online
• Offline
Market by, Geography:
The neurocosmetics market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis
Scope of the Report:
The report “Global Neurocosmetics Market: Industry Analysis, Opportunities and Forecast up to 2030” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2022, 2023 and offers revenue estimations for 2024, and project forecasts spanning from 2025 to 2030. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.
The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.
The report offers insights into the following aspects:
• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.
Table Of Content
1 Market Introduction
1.1 Market Definition
1.2 Research Scope and Segmentation
1.3 Stakeholders
1.4 List of Abbreviations
2 Executive Summary
3 Research Methodology
3.1 Identification of Data
3.2 Data Analysis
3.3 Verification
3.4 Data Sources
3.5 Assumptions
4 Market Dynamics
4.1 Market Drivers
4.2 Market Restraints
4.3 Market Opportunities
4.4 Market Challenges
5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market
6 Global Neurocosmetics Market by, Product Type
6.1 Overview
6.2 Body Care
6.2.1 Body Oil
6.2.2 Foot Creams
6.2.3 Hand Creams
6.2.4 Lotion & Creams
6.2.5 Other Body Care Product Types
6.3 Face Care
6.3.1 Face Masks
6.3.2 Face Oil
6.3.3 Face Wash & Cleanser
6.3.4 Moisturizer & Creams
6.3.5 Serum & Essence
6.3.6 Under- eye Creams
6.3.7 Other Face Care Product Types
6.4 Hair Care
6.4.1 Conditioner & Mask
6.4.2 Oil
6.4.3 Shampoo
6.4.4 Other Hair Care Product Types
6.5 Color Cosmetics
6.6 Bath Products
6.6.1 Shower Gel
6.6.2 Bath Soaps
6.6.3 Other Bath Product Types
6.7 Other Product Types
7 Global Neurocosmetics Market by, Consumer Group
7.1 Overview
7.2 Men
7.3 Women
8 Global Neurocosmetics Market by, Distribution Channel
8.1 Overview
8.2 Online
8.2.1 E-commerce Website
8.2.2 Company-owned Website
8.3 Offline
8.3.1 Hypermarket/Supermarket
8.3.2 Speciality Stores
8.3.3 Other Retail Stores
9 Global Neurocosmetics Market by, Geography
9.1 Overview
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 UK
9.3.4 Italy
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 South Korea
9.4.5 Australia
9.4.6 New Zealand
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 UAE
9.6.2 Saudi Arabia
9.6.3 Qatar
9.6.4 Iran
9.6.5 South Africa
9.6.6 Rest of Middle East & Africa
10 Key Developments
11 Company Profiling
11.1 L'Oreal Group
11.1.1 Business Overview
11.1.2 Product/Service Offering
11.1.3 Financial Overview
11.1.4 SWOT Analysis
11.1.5 Key Activities
11.2 Shiseido Company
11.3 Estée Lauder Companies
11.4 Johnson & Johnson
11.5 Procter & Gamble
11.6 Unilever
11.7 Henkel AG & Co. KGaA
11.8 Beiersdorf AG
11.9 Coty Inc.
11.10 Avon Products Inc.
11.11 Kao Corporation
11.12 AmorePacific Corporation
Report Details
SKU Code | : DI2355 |
Industry | : Consumer Goods and Services |
Region | : Global |
Tables | : 228 |
Format | : Electronic PDF |
Published | : 2024 |
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