Neurocosmetics Market is Expected to Surpass USD 2.69 Billion by 2030 at a CAGR of 8.4% from 2023 to 2030; Growing Awareness among Consumers about the Role of Neuroscience in Skincare and Beauty Products to Elevate Market Growth
SkyQuest’s research report on the neurocosmetics market is an essential resource for investors and market participants seeking a thorough and trustworthy understanding of the industry. The rapidly growing industry combines neuroscience and skincare to develop products that enhance skin health and overall well-being. It also offers regional market analysis, providing insights into the market’s performance in various regions worldwide. This information is essential for investors and market participants to identify potential growth opportunities and make informed investment decisions.
Westford, USA,, March 01, 2023 (GLOBE NEWSWIRE) — North America to take a leading position in the neurocosmetics market with close competition from the Europe region, driven by several key factors. Another key driver is the increasing demand for personalized skincare solutions. Consumers prefer products tailored to their individual needs and preferences, and neurocosmetics offer a unique approach to personalization. Additionally, the rise of e-commerce and social media has played a significant role in the market’s growth. Consumers spending more time online are exposed to a wider range of products and are more likely to try new and innovative skincare solutions. Finally, the aging population and growing focus on anti-aging skincare has led to a surge in demand for neurocosmetics.
The premium cosmetics market is set to garner significant growth, with a projected value of USD 24.96 billion by 2028, as reported by SkyQuest. This growth prospect bodes well for the neurocosmetics market, which is predicted to benefit from the overall expansion of the cosmetics industry. Moreover, as the demand for premium cosmetics grows, consumers will likely be willing to pay a premium for neurocosmetic products that offer additional benefits beyond traditional cosmetics.
Neurocosmetics are skincare products with unique ingredients designed to work on a neurological level. These products are non-toxic and bio-active, meaning they are designed to work with the body’s natural functions. In addition, they are formulated to provide benefits that go beyond the skin’s surface, targeting the neural pathways to enhance the individual’s overall well-being.
Prominent Players in Neurocosmetics Market
Arkana Cosmetics
Amway Corp.
Greentech (ExpoZen)
GliSODin Skin Nutrients
Blackmores Limited
PROSPERA biotech
Swanrose Inc.
Lukso NeuroCosmetics
Omya Kinetik
BASF SE
Herbalife Nutrition Ltd.
Anti-Aging Segment to Offer Tremendous Growth Potential Thanks to Advance Neurocosmetic Products Providing Anti-Aging Solutions
The neurocosmetics market is experiencing significant growth, with the anti-aging segment capturing the largest revenue share in 2022. As we move into the future, this segment is predicted to continue exhibiting strong growth from 2023 to 2030. The global population is aging, with every country experiencing growth in both the size and proportion of older persons, according to SkyQuest. By 2030, it is projected that one in six people worldwide will be aged 60 years or over. This demographic shift presents challenges and opportunities, with the market likely benefitting from this trend.
The neurocosmetics market has seen significant growth in recent years, and the North American region has emerged as the most dominant player in this market. The region held the most substantial market share in 2022, thanks to various factors contributing to its growth. One of the primary reasons for the positive growth of the regional market in North America is the increasing buying power of the population. Moreover, the rising demand for luxury and premium products has further pushed the market dynamics positively.
Niacinamide and Antioxidants Adaptogens Segment to Retain Dominance owing to Its Increasing Usage in Skin Care Products
The neurocosmetics market is witnessing significant growth due to the rising demand for products that promote skin health and combat various neurological conditions. Among the different segments, the niacinamide and antioxidants adaptogens segment held a substantial market share in 2022 and is expected to grow even further in the coming years. Niacinamide, a derivative of vitamin B3, is beneficial for skin health in many ways. Moreover, it has anti-inflammatory properties, effectively treating various skin conditions, including acne, rosacea, and eczema.
Key Developments in Neurocosmetics Market
Vytrus Biotech, a company specializing in plant stem cell culture for the cosmetic industry, has recently launched an innovative new ingredient that represents a significant step forward in neuro-cosmetics. Known as Kannabia Sense, this ingredient is the first derived from Cannabis sativa plant stem cells. As a result, Kannabia Sense is a breakthrough ingredient that has the potential to revolutionize the neuro-cosmetics industry.
BASF, a global leader in the chemical industry, has recently presented new research findings and innovative technologies at the IFSCC Congress. The company’s research initiatives have been aimed at advancing the field of cosmetics and skincare by developing new methods and technologies that can help to improve skin health and well-being. For example, one of BASF’s latest research projects involves a groundbreaking new neuro skin-on-chip method developed by NETRI. This innovative approach has the high potential to revolutionize the field of neuro-cosmetics.
NETRI, a French startup specializing in neuro-organs-on-chip technology, has partnered with Cambridge biotech company Axol Bioscience to commercialize novel kits in this highly specialized field. The kits will feature NETRI’s organs-on-chip devices and Axol’s hiPSC (human induced pluripotent stem cell)-derived cells. NETRI is a leader in developing neuro-organs-on-chip technology, which involves creating miniature models of the nervous system on microfluidic devices. The partnership between NETRI and Axol Bioscience is expected to result in the development of novel kits that will help advance the neuro-organs-on-chip technology field.
