PR Log (Press Release) –
Oct 30, 2008 – ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report showing that the demand for cosmeceutical products is expected to increase 7.2 percent per year to $9.4 billion in 2012.
“Cosmeceuticals:
US industry forecasts for 2012 & 2017”, which is available at http://www.reportbuyer.com/go/FED00233 reports that this growth is propelled by a stream of new and technologically advanced product introductions offering age-defying and other appearance-enhancing benefits for an ageing population.
The report shows that the rapid growth of the cosmeceutical market will continue to be based on a combination of science and astute marketing, with evidence regarding product claims far from conclusive in many instances.
Authors of the report note that cosmeceutical products face intense pricing competition due to the growing market penetration of private label cosmeceutical brands and the rapid commoditisation of innovative ingredients and products.
They further note that skin care products will account for over 60% of the demand of cosmeceutical products in 2012. Anti-aging products will achieve above-average growth, with gains driven by a highly receptive, fast expanding group of middle-aged and relatively affluent consumers who want to prevent or redress visible damage to the skin caused by ageing, ultraviolet radiation and other environmental stressors.
The report “Cosmeceuticals: US industry forecasts for 2012 & 2017” is available from Report Buyer at: http://www.reportbuyer.com/consumer_goods_retail/cosmeti ...
ReportBuyer.com product ID: FED00233
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