ASEAN Cosmeceuticals Market Size

1. The ASEAN cosmeceuticals market is projected to grow from $5.70 billion in 2021 to $14.75 billion in 2028, with a compound annual growth rate (CAGR) of 14.5%. The market experienced limited negative impact during COVID-19, with consumers shifting to online channels for purchases. Key market segments include:  Skincare (largest segment in 2020)  Hair care (second largest segment)  Others (lip care, tooth whitening, anti-cellulite products) Thailand leads the market, followed by Indonesia, with Vietnam expected to show the highest growth rate during the forecast period. Major companies dominating the market include L'Oréal, Procter & Gamble, and Unilever, with strong presence in both skincare and hair care segments. Key findings include:  Thailand leads the market, driven by rising disposable income and strong demand for beauty products  Indonesia ranks as the second largest market, supported by presence of major players like Unilever and L'Oréal  Skincare dominates product segments, with anti-aging products showing strongest growth potential  Pharmacy/drug stores are the primary distribution channel, though online sales are growing rapidly Major companies covered include:  L'Oréal (France)  Estée Lauder Companies (US)  Beiersdorf (Germany)  Shiseido Company Limited (Japan)  Procter & Gamble (US)  AVON (UK) Key growth drivers include:  Rising disposable income in ASEAN countries  Increasing demand for advanced efficacy products  Development of new active ingredients  Growing e-commerce adoption Report- Fortune Business Insights - ASEAN Cosmeceuticals Market Size & Growth Report https://www.fortunebusinessinsights.com/asean-cosmeceuticals-market-106253