Global Neurocosmetics Market Size Neurocosmetics Forecasts to 2033

• The Global Neurocosmetics Market Size was Valued at USD 1.42 Billion in 2023
• The Market Size is Growing at a CAGR of 8.53% from 2023 to 2033
• The Worldwide Neurocosmetics Market Size is Expected to Reach USD 3.22 Billion by 2033
• Europe is Expected to Grow the fastest during the forecast period.

The Neurocosmetics Market Size is Anticipated to Exceed USD 3.22 Billion by 2033, Growing at a CAGR of 8.53% from 2023 to 2033. Increased consumer knowledge about cognitive health and how it affects general well-being has greatly fueled the growth of the neurocosmetics industry.

NEUROCOSMETICS MARKET REPORT OVERVIEW

The intriguing fusion of neuroscience and skincare, known as "neurocosmetics," signifies a dramatic change in our understanding of well-being and beauty. Adaptogens, peptides, menthol, CBD, and other substances that are known to activate the skin's neuroreceptors are all included in neuro cosmetic products in an effort to leverage this relationship. These compounds are thought to affect the skin's tiny nerve endings and peripheral nervous system.

The scientific investigation pertaining to neurocosmetics has yielded encouraging outcomes. An investigation published in the Journal of Advanced Dermatology proved how well neurocosmetics work to improve the skin-brain axis. The study demonstrated how neurocosmetics help the skin heal, regenerate, and defend itself, which results in observable changes in the skin's look. The study also discovered that neurocosmetics have a soothing and relaxing effect on the brain and nerves, which helps to achieve a flawless and radiant complexion.

Brands are spending money on R&D to fully realize the promise of this innovative field as neurocosmetics continues to gain prominence. To increase the effectiveness of neurocosmetics even more, researchers are experimenting with novel components, combinations, and delivery methods. The convergence of science and innovation in cosmetics and neurology will revolutionize skincare, and this is where beauty is going to be redefined in the future.

Report Coverage

This research report categorizes the market for the global neurocosmetics market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global neurocosmetics market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global neurocosmetics market.

DRIVING FACTORS:

The growing consumer demand for inventive and natural beauty products could accelerate market expansion.

Customers are searching for cutting-edge, all-natural beauty products with special advantages over conventional skincare solutions. With its emphasis on the nervous system and brain, neuro cosmetics products provide a fresh and creative take on skincare. The emergence of neurocosmetics in the beauty business represents a paradigm change rather than a fleeting fad. The conventional method of concentrating just on outside variables is under threat due to growing consumer awareness of the complex connection between skin and the brain. A comprehensive approach to beauty, neurocosmetics recognizes the role of internal elements in attaining radiant skin.

RESTRAINING FACTORS

A dearth of scientific proof could hinder a market's expansion.

There is insufficient scientific data to back up the claims made by some neuro cosmetics products that their actions on the brain and nervous system will enhance the health and appearance of the skin. To completely comprehend the effectiveness and safety of these products, more research is required.

Market Segmentation

The neurocosmetics market share is classified into product type, ingredients, and end-user.

The face care segment is expected to have a strong presence in the worldwide market throughout the course of the projected period.

Based on product type, the neurocosmetics are classified into body care, face care, hair care, color cosmetics, and bath products. Customers are becoming more conscious of how their lifestyle decisions, stress levels, and emotions affect the look and general health of their skin. The need for skincare solutions that not only address the underlying emotional and psychological components of skincare concerns but also yield noticeable changes in skin texture and appearance is therefore on the rise. Neurocosmetics combine components that interact with the neurological system, like stress-relieving substances, mood-enhancing fragrances, and soothing botanicals, to provide a comprehensive approach to skincare. Neurocosmetics appeals to consumers looking for a more individualized and holistic approach to face care by addressing both the physical and emotional aspects of skincare, which has led to a major increase in demand for these products in the beauty market.

The niacinamide and antioxidant adaptogens held the largest share of the market over the forecast period.

Based on ingredients, the neurocosmetics are classified into niacinamide, peptides, antioxidants adaptogens, and others. It has been demonstrated that this vitamin B3 derivative enhances skin barrier function and lowers inflammation. Additionally, it has been discovered to boost ceramide synthesis, which is critical for preserving skin health. Peptides: These microscopic proteins have the ability to permeate the skin and promote the synthesis of elastin and collagen, two substances necessary for the firmness and suppleness of the skin. Antioxidants: These chemicals can shield the skin from free radicals, dangerous substances that hasten the aging process of the skin by causing oxidative stress. Adaptogens are organic compounds that assist the body in adjusting to stress and enhancing general health.

The women users can hold the highest shares of the market during the forecast period.

Based on end-user, the neurocosmetics are classified into men and women. Women are increasingly requesting neuro cosmetic products as they look for skincare treatments that address their mental and neurological health in addition to the more conventional benefits. Because neuro cosmetics can improve skin appearance while addressing stress, mood, and cognitive health, more and more women are drawn to them. This pattern indicates a growing need for holistic beauty products that support larger wellness goals, which is propelling innovation and expansion in the neuro cosmetic market that caters mostly to female customers. Men are increasingly buying neuro cosmetic products as they become more aware of the advantages of combining cutting-edge skincare with neurological well-being.

Regional Segment Analysis of the Global Neurocosmetics Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America has the biggest share of the neuro cosmetics market throughout the forecast period.

The population's growing purchasing power and the growing desire for luxury and premium goods have both contributed to the market's favorable growth in North America. Over the course of the projected period, one of the main drivers propelling market expansion is the growing number of beauty product retailers in the region. Rising disposable incomes, a growing interest in novel and natural beauty products, and expanding consumer awareness of the significance of mental wellness and its relationship to skin health are the factors driving the market for neurocosmetics products in North America.

The Europe is fastest growing region during the projected timeframe.

The European market is dominated by major firms in the beauty and personal care sector, including L'Oréal, Beiersdorf AG, Unilever, and others. In addition, it is anticipated that factors like an increase in the number of beauty salons in the area and a rise in the population of millennials and Generation Z will fuel demand for a range of cosmetic products.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global neurocosmetics market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Avon Products Inc.
• AmorePacific Corporation
• The Body Shop International Limited
• LVMH Moët Hennessy Louis Vuitton SE
• Kiehl's Since 1851
• Neutrogena Corporation
• Clarins Group
• Oriflame Cosmetics Global SA
• Mary Kay Inc.
• Revlon Inc.
• Procter & Gamble
• Unilever
• Henkel AG & Co. KGaA
• Beiersdorf AG
• Coty Inc.
• Others

Key Market Developments

• In December 2023, Shiseido Company, Limited (Shiseido) announced that its Board of Directors has approved the acquisition of DDG Skincare Holdings LLC (DDG), a company located in New York, USA, with full support from the Representative Director. DDG is well known for its scientifically based, dermatologist-led luxury skincare products.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global neuro cosmetics market based on the below-mentioned segments: 

Global Neurocosmetics Market, By Product Type

• Body Care
• Face Care
• Hair Care
• Color Cosmetics
• Bath Products

Global Neurocosmetics Market, By Ingredients

• Niacinamide
• Peptides
• Antioxidants Adaptogens
• Others

Global Neurocosmetics Market, By End-User

• Men
• Women

Global Neurocosmetics Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa