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report thumbnailASEAN Cosmeceuticals Market

ASEAN Cosmeceuticals Market Future-proof Strategies: Trends, Competitor Dynamics, and Opportunities 2024-2032

ASEAN Cosmeceuticals Market by Product Type (Skin Care, Hair Care, Others), by Distribution Channel (Pharmacy/Drug Stores, Online Stores, Others), by By Geography (Thailand, Indonesia, Malaysia, Singapore, Vietnam, Philippines, Rest of ASEAN) Forecast 2024-2032

Oct 18 2024
Base Year: 2023
140 Pages
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ASEAN Cosmeceuticals Market Future-proof Strategies: Trends, Competitor Dynamics, and Opportunities 2024-2032

Key Insights

The ASEAN Cosmeceuticals Marketsize was valued at USD 5.04 USD billion in 2023 and is projected to reach USD 19.36 USD billion by 2032, exhibiting a CAGR of 21.2 % during the forecast period. ASEAN cosmeceuticals refer to skincare and beauty products formulated with active ingredients that offer both cosmetic and therapeutic benefits. These products bridge the gap between cosmetics and pharmaceuticals, aiming to improve skin health while enhancing appearance. Types of ASEAN cosmeceuticals include anti-aging creams, acne treatments, and skin brightening products. Key features often include the use of advanced bioactive compounds, such as peptides, antioxidants, and botanical extracts, designed to target specific skin concerns. Applications are diverse, encompassing daily skincare routines, targeted treatments for conditions like hyperpigmentation or aging, and preventive measures for skin health. The ASEAN market emphasizes natural ingredients and innovative formulations, catering to a growing consumer demand for effective, science-based beauty solutions.

ASEAN Cosmeceuticals Market Research Report - Market Size, Growth & Forecast

ASEAN Cosmeceuticals Trends

  • Growing consumer awareness of the benefits of cosmeceuticals
  • Increasing disposable income of the region's population
  • Rising demand for anti-aging and skin care products
  • Growing popularity of online shopping for cosmeceuticals
  • Increasing number of new product launches by global and regional players

Driving Forces: What's Propelling the ASEAN Cosmeceuticals Market

  • Rising Consumer awareness: Consumers are becoming increasingly aware of the benefits of cosmeceuticals, such as their ability to improve skin health, reduce the appearance of wrinkles, and protect the skin from damage.
  • Increasing disposable income: The disposable income of the region's population is increasing, which is allowing more people to afford cosmeceuticals.
  • Rising demand: There is a growing demand for anti-aging and skin care products, which is driving the growth of the cosmeceuticals market.
  • Growing popularity: Online shopping for cosmeceuticals is becoming increasingly popular, as it offers consumers a convenient and easy way to purchase these products.
  • Increasing new product launches: Global and regional players are launching new products to meet the growing demand for cosmeceuticals.

Challenges and Restraints in ASEAN Cosmeceuticals Market

  • Counterfeiting: Counterfeiting remains a significant threat, with counterfeit cosmeceuticals potentially containing inferior ingredients that pose health risks to consumers.
  • Regulatory Complexity: The regulatory framework for cosmeceuticals varies across ASEAN countries, creating complexities for businesses in navigating market approvals.
  • Cultural Diversity: Cultural nuances influence preferences for skin care products in ASEAN. Differences in perceptions of ideal skin tones and beauty standards can impact demand for specific cosmeceuticals.
  • Economic Barriers: Disparities in income levels and purchasing power across ASEAN countries may limit accessibility to premium cosmeceuticals for some consumers.
  • Limited Innovation: Compared to Western markets, the ASEAN cosmeceuticals market may face challenges in keeping pace with advancements in ingredients and technologies.

Emerging Trends in ASEAN Cosmeceuticals

  • Growth of natural and organic cosmeceuticals: Natural and organic cosmeceuticals are becoming increasingly popular, as consumers are looking for products that are gentle on their skin and the environment.
  • Personalization of cosmeceuticals: Consumers are increasingly demanding personalized cosmeceuticals that are tailored to their individual skin needs.
  • Use of AI and AR technology: AI and AR technology is being used to develop new and innovative cosmeceuticals. For example, AI can be used to analyze skin data and recommend personalized product recommendations.

Growth Catalysts in ASEAN Cosmeceuticals Industry

ASEAN Cosmeceuticals Market Growth

  • Government support: Governments in the region are supporting the growth of the cosmeceuticals industry through various initiatives, such as providing tax incentives and funding for research and development.
  • Investment from global players: Global players are investing heavily in the ASEAN cosmeceuticals market, as they see the region as a growth market.
  • Rising middle class population: The middle class population in the region is growing rapidly, which is creating a new market for cosmeceuticals.

Market Segmentation: ASEAN Cosmeceuticals Analysis

Product Type:

  • Skin Care
  • Hair Care
  • Others

Distribution Channel:

  • Pharmacy/Drug Stores
  • Online Stores
  • Others

Leading Players in the ASEAN Cosmeceuticals Market

  • L’Oréal
  • Estée Lauder Companies Inc.
  • Beiersdorf
  • Shiseido Company Limited
  • Procter and Gamble
  • AVON 
  • Clarins
  • Amorepacific

Significant developments in ASEAN Cosmeceuticals Sector

  • L’Oréal launches new skin care line tailored to Asian consumers
  • Estée Lauder Companies acquires local cosmeceuticals brand in Thailand
  • Beiersdorf invests in new manufacturing facility in Vietnam
  • Shiseido partners with AI company to develop personalized cosmeceuticals
  • Procter and Gamble launches new hair care line for the ASEAN market
  • AVON expands its online store in Indonesia

Comprehensive Coverage ASEAN Cosmeceuticals Market Report

The comprehensive coverage ASEAN cosmeceuticals market report provides an in-depth analysis of the market, including:

  • Market size and growth rate
  • Market segmentation
  • Key trends and drivers
  • Challenges and restraints
  • Competitive landscape
  • SWOT analysis
  • Future outlook

Regional Insight

The ASEAN cosmeceuticals market is segmented into five regions:

  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand

DROCT

The DROCT analysis provides a detailed overview of the market, including key drivers, restraints, opportunities, and challenges.

Pricing Analysis

The pricing analysis provides a comprehensive understanding of the pricing strategies adopted by key players in the market.

Import And Export Analysis

The import and export analysis provides data on the import and export of cosmeceuticals in the region.

Segmentation

The market is segmented by product type, distribution channel, and region.

Patent/Trademark Analysis

The patent/trademark analysis provides information on the number of patents and trademarks filed by key players in the market.

ASEAN Cosmeceuticals Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 21.2% from 2018-2032
Segmentation
    • By Product Type
      • Skin Care
      • Hair Care
      • Others
    • By Distribution Channel
      • Pharmacy/Drug Stores
      • Online Stores
      • Others
  • By Geography
    • By Geography
      • Thailand
      • Indonesia
      • Malaysia
      • Singapore
      • Vietnam
      • Philippines
      • Rest of ASEAN

Frequently Asked Questions

Table Of Content
  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Increasing Number of Surgical Procedures to Boost Market Growth
      • 3.3. Market Restrains
        • 3.3.1. Lax Regulatory Scenario Coupled with Concerns Regarding Various Products to Impede Market Growth
      • 3.4. Market Trends
        • 3.4.1. Increasing Number of Hospitals and ASCs Identified as Significant Market Trend
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. ASEAN Cosmeceuticals Market Analysis, Insights and Forecast, 2018-2030
    • 5.1. Market Analysis, Insights and Forecast - by Product Type
      • 5.1.1. Skin Care
      • 5.1.2. Hair Care
      • 5.1.3. Others
    • 5.2. Market Analysis, Insights and Forecast - by Distribution Channel
      • 5.2.1. Pharmacy/Drug Stores
      • 5.2.2. Online Stores
      • 5.2.3. Others
    • 5.3. Market Analysis, Insights and Forecast - by Region
      • 5.3.1. By Geography
  6. 6. China ASEAN Cosmeceuticals Market Analysis, Insights and Forecast, 2018-2030
      • 6.1. Market Analysis, Insights and Forecast - By Product Type
        • 6.1.1 Skin Care
        • 6.1.2 Hair Care
        • 6.1.3 and Others
      • 6.2. Market Analysis, Insights and Forecast - By Distribution Channel
        • 6.2.1 Pharmacy/Drug Stores
        • 6.2.2 Online Stores
        • 6.2.3 and Others
  7. 7. Japan ASEAN Cosmeceuticals Market Analysis, Insights and Forecast, 2018-2030
      • 7.1. Market Analysis, Insights and Forecast - By Product Type
        • 7.1.1 Skin Care
        • 7.1.2 Hair Care
        • 7.1.3 and Others
      • 7.2. Market Analysis, Insights and Forecast - By Distribution Channel
        • 7.2.1 Pharmacy/Drug Stores
        • 7.2.2 Online Stores
        • 7.2.3 and Others
  8. 8. India ASEAN Cosmeceuticals Market Analysis, Insights and Forecast, 2018-2030
      • 8.1. Market Analysis, Insights and Forecast - By Product Type
        • 8.1.1 Skin Care
        • 8.1.2 Hair Care
        • 8.1.3 and Others
      • 8.2. Market Analysis, Insights and Forecast - By Distribution Channel
        • 8.2.1 Pharmacy/Drug Stores
        • 8.2.2 Online Stores
        • 8.2.3 and Others
  9. 9. South Korea ASEAN Cosmeceuticals Market Analysis, Insights and Forecast, 2018-2030
      • 9.1. Market Analysis, Insights and Forecast - By Product Type
        • 9.1.1 Skin Care
        • 9.1.2 Hair Care
        • 9.1.3 and Others
      • 9.2. Market Analysis, Insights and Forecast - By Distribution Channel
        • 9.2.1 Pharmacy/Drug Stores
        • 9.2.2 Online Stores
        • 9.2.3 and Others
  10. 10. Taiwan ASEAN Cosmeceuticals Market Analysis, Insights and Forecast, 2018-2030
      • 10.1. Market Analysis, Insights and Forecast - By Product Type
        • 10.1.1 Skin Care
        • 10.1.2 Hair Care
        • 10.1.3 and Others
      • 10.2. Market Analysis, Insights and Forecast - By Distribution Channel
        • 10.2.1 Pharmacy/Drug Stores
        • 10.2.2 Online Stores
        • 10.2.3 and Others
  11. 11. South East Asia ASEAN Cosmeceuticals Market Analysis, Insights and Forecast, 2018-2030
      • 11.1. Market Analysis, Insights and Forecast - By Product Type
        • 11.1.1 Skin Care
        • 11.1.2 Hair Care
        • 11.1.3 and Others
      • 11.2. Market Analysis, Insights and Forecast - By Distribution Channel
        • 11.2.1 Pharmacy/Drug Stores
        • 11.2.2 Online Stores
        • 11.2.3 and Others
  12. 12. Australia ASEAN Cosmeceuticals Market Analysis, Insights and Forecast, 2018-2030
      • 12.1. Market Analysis, Insights and Forecast - By Product Type
        • 12.1.1 Skin Care
        • 12.1.2 Hair Care
        • 12.1.3 and Others
      • 12.2. Market Analysis, Insights and Forecast - By Distribution Channel
        • 12.2.1 Pharmacy/Drug Stores
        • 12.2.2 Online Stores
        • 12.2.3 and Others
  13. 13. Rest of Asia-Pacific ASEAN Cosmeceuticals Market Analysis, Insights and Forecast, 2018-2030
      • 13.1. Market Analysis, Insights and Forecast - By Product Type
        • 13.1.1 Skin Care
        • 13.1.2 Hair Care
        • 13.1.3 and Others
      • 13.2. Market Analysis, Insights and Forecast - By Distribution Channel
        • 13.2.1 Pharmacy/Drug Stores
        • 13.2.2 Online Stores
        • 13.2.3 and Others
  14. 14. Competitive Analysis
    • 14.1. Market Share Analysis 2023
      • 14.2. Company Profiles
        • 14.2.1 L’Oréal (Clichy France)
          • 14.2.1.1. Overview
          • 14.2.1.2. Products
          • 14.2.1.3. SWOT Analysis
          • 14.2.1.4. Recent Developments
          • 14.2.1.5. Financials (Based on Availability)
        • 14.2.2 Estée Lauder Companies Inc. (New York City U.S.)
          • 14.2.2.1. Overview
          • 14.2.2.2. Products
          • 14.2.2.3. SWOT Analysis
          • 14.2.2.4. Recent Developments
          • 14.2.2.5. Financials (Based on Availability)
        • 14.2.3 Beiersdorf (Hamburg Germany)
          • 14.2.3.1. Overview
          • 14.2.3.2. Products
          • 14.2.3.3. SWOT Analysis
          • 14.2.3.4. Recent Developments
          • 14.2.3.5. Financials (Based on Availability)
        • 14.2.4 Shiseido Company Limited (Tokyo Japan)
          • 14.2.4.1. Overview
          • 14.2.4.2. Products
          • 14.2.4.3. SWOT Analysis
          • 14.2.4.4. Recent Developments
          • 14.2.4.5. Financials (Based on Availability)
        • 14.2.5 Procter and Gamble  (Cincinnati U.S.)
          • 14.2.5.1. Overview
          • 14.2.5.2. Products
          • 14.2.5.3. SWOT Analysis
          • 14.2.5.4. Recent Developments
          • 14.2.5.5. Financials (Based on Availability)
        • 14.2.6 AVON (London U.K.)
          • 14.2.6.1. Overview
          • 14.2.6.2. Products
          • 14.2.6.3. SWOT Analysis
          • 14.2.6.4. Recent Developments
          • 14.2.6.5. Financials (Based on Availability)
List of Figures
  1. Figure 1: ASEAN Cosmeceuticals Market Revenue Breakdown (USD billion, %) by Product 2023 & 2031
  2. Figure 2: ASEAN Cosmeceuticals Market Value Share (%), by Product Type 2023 & 2031
  3. Figure 3: ASEAN Cosmeceuticals Market Value Share (%), by Distribution Channel 2023 & 2031
  4. Figure 4: ASEAN Cosmeceuticals Market Share (%) by Company 2023
List of Tables
  1. Table 1: ASEAN Cosmeceuticals Market Revenue USD billion Forecast, by Product Type 2018 & 2031
  2. Table 2: ASEAN Cosmeceuticals Market Volume K Tons Forecast, by Product Type 2018 & 2031
  3. Table 3: ASEAN Cosmeceuticals Market Revenue USD billion Forecast, by Distribution Channel 2018 & 2031
  4. Table 4: ASEAN Cosmeceuticals Market Volume K Tons Forecast, by Distribution Channel 2018 & 2031
  5. Table 5: ASEAN Cosmeceuticals Market Revenue USD billion Forecast, by Region 2018 & 2031
  6. Table 6: ASEAN Cosmeceuticals Market Volume K Tons Forecast, by Region 2018 & 2031
  7. Table 7: ASEAN Cosmeceuticals Market Revenue USD billion Forecast, by Product Type 2018 & 2031
  8. Table 8: ASEAN Cosmeceuticals Market Volume K Tons Forecast, by Product Type 2018 & 2031
  9. Table 9: ASEAN Cosmeceuticals Market Revenue USD billion Forecast, by Distribution Channel 2018 & 2031
  10. Table 10: ASEAN Cosmeceuticals Market Volume K Tons Forecast, by Distribution Channel 2018 & 2031
  11. Table 11: ASEAN Cosmeceuticals Market Revenue USD billion Forecast, by Region 2018 & 2031
  12. Table 12: ASEAN Cosmeceuticals Market Volume K Tons Forecast, by Region 2018 & 2031
  13. Table 13: ASEAN Cosmeceuticals Market Revenue USD billion Forecast, by Product Type 2018 & 2031
  14. Table 14: ASEAN Cosmeceuticals Market Volume K Tons Forecast, by Product Type 2018 & 2031
  15. Table 15: ASEAN Cosmeceuticals Market Revenue USD billion Forecast, by Distribution Channel 2018 & 2031
  16. Table 16: ASEAN Cosmeceuticals Market Volume K Tons Forecast, by Distribution Channel 2018 & 2031
  17. Table 17: ASEAN Cosmeceuticals Market Revenue USD billion Forecast, by Country 2018 & 2031
  18. Table 18: ASEAN Cosmeceuticals Market Volume K Tons Forecast, by Country 2018 & 2031
  19. Table 19: China ASEAN Cosmeceuticals Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  20. Table 20: China ASEAN Cosmeceuticals Market Volume (K Tons) Forecast, by Application 2018 & 2031
  21. Table 21: Japan ASEAN Cosmeceuticals Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  22. Table 22: Japan ASEAN Cosmeceuticals Market Volume (K Tons) Forecast, by Application 2018 & 2031
  23. Table 23: India ASEAN Cosmeceuticals Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  24. Table 24: India ASEAN Cosmeceuticals Market Volume (K Tons) Forecast, by Application 2018 & 2031
  25. Table 25: South Korea ASEAN Cosmeceuticals Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  26. Table 26: South Korea ASEAN Cosmeceuticals Market Volume (K Tons) Forecast, by Application 2018 & 2031
  27. Table 27: Taiwan ASEAN Cosmeceuticals Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  28. Table 28: Taiwan ASEAN Cosmeceuticals Market Volume (K Tons) Forecast, by Application 2018 & 2031
  29. Table 29: South East Asia ASEAN Cosmeceuticals Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  30. Table 30: South East Asia ASEAN Cosmeceuticals Market Volume (K Tons) Forecast, by Application 2018 & 2031
  31. Table 31: Australia ASEAN Cosmeceuticals Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  32. Table 32: Australia ASEAN Cosmeceuticals Market Volume (K Tons) Forecast, by Application 2018 & 2031
  33. Table 33: Rest of Asia-Pacific ASEAN Cosmeceuticals Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  34. Table 34: Rest of Asia-Pacific ASEAN Cosmeceuticals Market Volume (K Tons) Forecast, by Application 2018 & 2031
  35. Table 35: ASEAN Cosmeceuticals Market Revenue USD billion Forecast, by Product Type 2018 & 2031
  36. Table 36: ASEAN Cosmeceuticals Market Volume K Tons Forecast, by Product Type 2018 & 2031
  37. Table 37: ASEAN Cosmeceuticals Market Revenue USD billion Forecast, by Distribution Channel 2018 & 2031
  38. Table 38: ASEAN Cosmeceuticals Market Volume K Tons Forecast, by Distribution Channel 2018 & 2031
  39. Table 39: ASEAN Cosmeceuticals Market Revenue USD billion Forecast, by Country 2018 & 2031
  40. Table 40: ASEAN Cosmeceuticals Market Volume K Tons Forecast, by Country 2018 & 2031
  41. Table 41: Thailand ASEAN Cosmeceuticals Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  42. Table 42: Thailand ASEAN Cosmeceuticals Market Volume (K Tons) Forecast, by Application 2018 & 2031
  43. Table 43: Indonesia ASEAN Cosmeceuticals Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  44. Table 44: Indonesia ASEAN Cosmeceuticals Market Volume (K Tons) Forecast, by Application 2018 & 2031
  45. Table 45: Malaysia ASEAN Cosmeceuticals Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  46. Table 46: Malaysia ASEAN Cosmeceuticals Market Volume (K Tons) Forecast, by Application 2018 & 2031
  47. Table 47: Singapore ASEAN Cosmeceuticals Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  48. Table 48: Singapore ASEAN Cosmeceuticals Market Volume (K Tons) Forecast, by Application 2018 & 2031
  49. Table 49: Vietnam ASEAN Cosmeceuticals Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  50. Table 50: Vietnam ASEAN Cosmeceuticals Market Volume (K Tons) Forecast, by Application 2018 & 2031
  51. Table 51: Philippines ASEAN Cosmeceuticals Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  52. Table 52: Philippines ASEAN Cosmeceuticals Market Volume (K Tons) Forecast, by Application 2018 & 2031
  53. Table 53: Rest of ASEAN ASEAN Cosmeceuticals Market Revenue (USD billion) Forecast, by Application 2018 & 2031
  54. Table 54: Rest of ASEAN ASEAN Cosmeceuticals Market Volume (K Tons) Forecast, by Application 2018 & 2031
AspectsDetails
Study Period 2018-2032
Base Year 2023
Estimated Year 2024
Forecast Period2024-2032
Historical Period2018-2023
Growth RateCAGR of 21.2% from 2018-2032
Segmentation
    • By Product Type
      • Skin Care
      • Hair Care
      • Others
    • By Distribution Channel
      • Pharmacy/Drug Stores
      • Online Stores
      • Others
  • By Geography
    • By Geography
      • Thailand
      • Indonesia
      • Malaysia
      • Singapore
      • Vietnam
      • Philippines
      • Rest of ASEAN

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report thumbnailNegative Pressure Wound Therapy (NPWT) Market

Negative Pressure Wound Therapy (NPWT) Market Is Set To Reac...

report thumbnailViral Vaccines Market

Viral Vaccines Market Unlocking Growth Opportunities: Analys...

report thumbnailNeurovascular Devices/Interventional Neurology Market

Neurovascular Devices/Interventional Neurology Market 2024 t...

report thumbnailU.S. Normal Saline for Parenteral Use Market

U.S. Normal Saline for Parenteral Use Market  Analysis Repor...

report thumbnailHealthcare Predictive Analytics Market

Healthcare Predictive Analytics Market Decade Long Trends, A...

report thumbnailStomach-Gastric- Cancer- Treatment Market

Stomach-Gastric- Cancer- Treatment Market Decade Long Trends...

report thumbnailBiomarkers Market

Biomarkers Market Report Probes the 38.41 USD billion Size, ...

report thumbnailAntiepileptic Drug Market

Antiepileptic Drug Market 2024-2032 Analysis: Trends, Compet...

report thumbnailSurgical Stapling Devices Market

Surgical Stapling Devices Market Insightful Analysis: Trends...

report thumbnailUrinary Catheter Market

Urinary Catheter Market Report Probes the 2.56 USD Billion S...

report thumbnailAdult Diapers Market

Adult Diapers Market Is Set To Reach 11.55 USD Billion By 20...

report thumbnailSpectacles Market

Spectacles Market 2024 to Grow at 5.7 CAGR with 91.56 USD bi...