Escalation of Cosmetics Demand

Functional Cosmetics are diversifying as consumer demand refines from MARKET AND MARKETS report. As consumption grows, consumer demand for skin care products is moving towards more personalized subdivision functions. Today, Functional Cosmetics cover a wide range of products that have been upgraded with features such as whitening, anti-wrinkle, anti-wrinkle and anti-oxidation, as well as cleaning, moisturizing and sunscreen products. From the first single pursuit of concentration and variety of skin care products to the more pursuit of proportioning systems and technologies.

Functional Cosmetics are divided into products for sensitive skin, ingredient skin care products, dressings and mask products.

Functional Cosmetics, unlike regular skin care products and dermatological medicines, focus on the active ingredients of Functional Cosmetics repairing the skin barrier and solving skin problems. Primarily referring to dermatological grade skin care products that are sensitive to the skin, it is effective in improving the condition of the skin by adding widely verified and recognized functional ingredients.

“Natural/organic products have put the spotlight on risks associated with the use of conventional synthetic cosmetics. In order to curb the issues associated with synthetic products which are harsh to skin, there is a shift towards the use of natural alternatives. Alternatives such as, the incorporation of natural or organic compounds in the cosmetic formulations is gaining momentum.”
As consumers tend to pay more attention to formulas, the market is testing more breakthroughs and innovations in brand technology and craftsmanship, and has higher requirements for brand R & D and development.

“The functional cosmetics market size is expected to reach USD 4.1 billion by 2026, at a CAGR of 5.2% during the forecast period. Factors such as increasing demand for multifunctional ingredients,  and accelerating demand for anti-aging, skin whitening, and sun protection products are major driving factors. Shifting focus towards male-specific cosmetics is the major growth opportunity for the market.”

As consumers tend to pay more attention to formulas, the market is testing more breakthroughs and innovations in brand technology and craftsmanship, and has higher requirements for brand R & D and development.