Consumer & Luxury Goods Market Research News

Drivers of Indian cosmeceuticals market revealed

Consumer Market Research

Cosmeceuticals are the latest addition to the cosmetic industry, and are defined as beauty products that claim to have a medicinal value. The cosmetic segment has witnessed an exponential growth in India.


Owed to convergence of cosmetic manufacturing companies with that of pharmaceutical companies’, cosmeceutical market has attracted many peers to venture into cosmeceutical business. Growth of cosmeceutical product is driven by increasing expenditure on cosmeceutical products due to increasing aging population, changing consumer lifestyle, wider choice of cosmeceutical products, and continuous innovation.