Document sans nom
  seniors and baby boomers market news  
 
Document sans nom
 
07/24/2014
 
  Submit your news
  Advertise on this site
  tMM's sponsor
  Take us as sponsor
 
  NEWS
All articles
All interviews
Associations
Automotive - Transport
Cosmetics - Beauty
Demography
Domotic / Real estate
Employment
Insurance - Bank
Technologies
Leisure - Tourism
Health
Retail industry
Housing
Services - Housecare
Gerontology
Medias
Marketing - Commu.
Retirement
Wellness - Sport
Others
 
  INFO BY SOURCE
International Federation on Ageing
International Longevity Centre
Add your source here
 
 
 
  RESSOURCES
  Market reports
  Trends documents
  Books
  Data Base
  Online trainings
  NEW Web Seminars
   
 
  PARTNERS
  Agetimes Institute
   
 
  SELECTED EXPERTS
  Frederic Serriere
  Arjan in’t veld - hollande
  Brent green - usa
  Chuck Nyren
  Dick Stroud
  Hiro Murata
  Kurt Medina
  Mart goyette - québec
  Ravissant
  Sylvain desfosse - québec
 
   
  Add your name here
 
  ABOUT US
Senior Strategic
Web Site
Contact
 

 

 


 

Baby boomers drive cosmeceuticals growth

Demand for cosmeceutical products in the US is expected to increase 8.5 per cent per year to $5.1 billion in 2007, propelled by a stream of new and advanced age-defying product introductions, suggests a new report from the Freedonia Group.

The value of chemicals used in these appearance-enhancing products is expected to advance over 10 per cent per year to $1.4 billion in 2007, with gains spurred by the use of new and higher value-added active ingredients in product formulations.

The ‘Cosmeceuticals’ report also reveals that skin care products, including anti-ageing, acne and sun care products, will continue to dominate cosmeceutical product demand, accounting for nearly 60 per cent of the total in 2007.

But despite this projected healthy annual growth of 7.8 per cent, further gains will be restrained by fierce price competition among the large number of over-the-counter brands on the market.

Gains will be driven by a highly receptive, fast-expanding group of middle-aged consumers who want to prevent or redress visible damage to the skin caused by ageing, ultraviolet radiation and other environmental factors. Improved formulations and the passage of the relatively affluent baby boomer generation through middle age will promote the wide use of value-added age-defying products, explains the report.

Professional products are expected to experience the fastest growth among cosmeceutical products with annual gains exceeding 15 per cent. According to the study, advances will be led by Merck’s finasteride-based hair growth product propecia and Allergan’s wrinkle-fighting Botox, both of which enjoy the pricing flexibility of patent protection.

Other cosmeceutical chemicals expected to record double-digit gains include botanical extracts and enzymes, supported by consumer preferences for natural products and the development of more stable and better performing chemicals at a competitive price. Above-average growth is also forecast for smaller volume chemicals including coenzyme Q10 and hyaluronic acid dermal fillers.

From : http://www.cosmeticsdesign.com

 

By K.S. Date 15-06-2004 Print this article

 

 

 

Document sans nom

| Contacts| Frederic Serriere

© Pages éditées par SeniorStrategic 22 rue Docteur Greffier 38000 Grenoble France - Phone : 33 9 52 63 36 36