A recent study has concluded that the continued growth in the cosmeceutical market is outstripping the rate at which new active ingredients are being launched.
The report, conducted by Scientia Advisors, stated that although the category is performing exceptionally well (twice the rate of the cosmetics market as a whole and particularly strong in Asia Pacific and Europe), new active ingredients reaching the market are not matching growth. Harry Glorikian, managing partner of Scientia Advisors, commented: “Manufacturers and brand owners must fill a relentless demand for new ingredient concepts in a context of changing government regulations, market dynamics and cultural trends.”
