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Cosmeceuticals, loosely defined, are cosmetic products that have medicinal or drug-like benefits and are most commonly thought of in terms of skin care products such as anti-wrinkle and anti-aging products. They are the fastest growing area of the personal care industry. Sales for 2010, according to a Packaged Facts report, are projected to be $16,454 million, up from $13,089 million in 2005.1 Skin care products have the largest share at 51.7%, followed by makeup, and hair care. Mass market retailers like supermarkets, chain drugstores and other mass merchandisers accounted for 61% of the sales with department stores, specialty stores, salons, etc. accounted for rest. For most marketers women 25 and older are their target market though there is a push to target younger women.2
Cosmeceuticals are not subject to review by the Food and Drug Administration (FDA), and the term cosmeceutical is not recognized by the Federal Food, Drug, and Cosmetic Act. They are tested for safety but there is no testing done to prove claims made by manufacturers.
Issue 17/18: Summer/Fall 2010
Guide to the Business of Beauty: Selected Information Resources
Table of Contents
Caption: (image) above:
Assorted cosmetics and tools.
From the Wikipedia Commons
Freedonia Group. Biennial.
LC Call Number: HD9970.5.C673 U5416
LC Catalog Record: 2005210315
Table of Contents for recent years available on the publisher's web site. Search for cosmeceuticals to view available years.
Note: Reports are not available at the Library of Congress until several years after they have been issued. According to the Introduction to Cosmeceuticals to 2012 (issued in 2008), (available from the publisher's web site), "demand for cosmeceutical products is
expected to increase 7.4 percent per
annum to $8.2 billion in 2012, driven by
an aging populace seeking to maintain
the appearance of youth in an image conscious
society." The introduction further notes that US cosmeceutical product demand in 2007 was $5.8 billion, of which age-defying skin care products represented 30%, injectables, 11%, other skin care products, 31%, hair care products, 12% and other products, 16%.3 The complete report can be purchased from the publisher for $4,700 or by section, with sections starting at $30.4
Cosmeceuticals in the U.S. 6th Edition. Packaged Facts, April 20, 2012.
Note: This report is not available at the Library of Congress to access it go to the Packaged Facts web site to purchase it. This report examines the market for cosmeceutical products within the context of broader health and beauty care (HBC) trends in new product development and marketing, segmenting cosmeceuticals into three categories: skincare, hair care, and color cosmetics.
Emerson, Beverly. "Nutricosmetics & Cosmeceuticals." Nutraceuticals World. June 2012;15(5):38-44.
This article looks at the development of the nutricosmetic and cosmeceutical market, particularly as a part of women's interest in anti-aging products.
Future Product Opportunities in Cosmeceuticals: Innovation in Food and Drinks with Beauty Benefits.
Business Insights. July 2007.
Not available at the Library of Congress
Table of Contents & Summary Brochure available from the publisher's web site.
Assesses the drivers and major trends currently influencing the market and includes examples of winning strategies adapted from the personal care sector to promote cosmeceutical food and drinks. The report costs $1,910.
Market Trends: The U.S. Cosmeceuticals and Anti-Aging Products Market. New York, NY : Packaged Facts.
LC Call Number: HD9970.5.C673 D69 2005
LC Catalog Record: 2006282636
Summary and purchase information available from the publisher's web site. Searching is free. Registration is required to view additional information.
At $12.4 billion and posting strong progress, consumer skin care, hair care, and makeup products that beautify as they address health problems or concerns are a booming market. While the idea of "cosmeceuticals" began with a few anti-aging preparations in the early 1990s, it has now expanded beyond those early products.
Mason, Sara. "Defining Cosmeceuticals." Global Cosmetic Industry. May 2012;180(4):52-55.
This article is a discussion around what actually is a cosmeceutical and how the term evolved and the market grew, as baby boomers got older.
"U.S. Demand for Cosmeceutical Products to Reach $8.5 Billion by 2015." Nutraceuticals World. September 2, 2011 :10.
This article reports on the results of the Freedonia report "Cosmeceuticals" and states that demand for these products is increasing and how skin care products will account for over 60% of cosmeceutical products by 2015.
U.S. Food & Drug Administration - Center for Food Safety & Applied Nutrition.
The two most important laws pertaining to cosmetics marketed in the United States are the Federal Food, Drug, and Cosmetic Act (FD&C Act) and the Fair Packaging and Labeling Act (FPLA). Within the FDA's Center for Food Safety & Applied Nutrition there is an Office of Cosmetics and Colors. The web site contains information on such topics as laws, regulations, the international activities of the FDA, labeling, ingredients,and federal enforcement.
eMedicine / WebMD
Most of the information is related to dermatological issues and anti-aging issues. The References area provides a good bibliography with many links to Medline.
This is a journal with an online presence but can also found in full-text subscription databases like Business Source Complete (EBSCO). The magazine publishes 10 times per year and primarily serves the manufacturers of dietary supplements, functional foods, and nutritional beverages with an eye to provide information and articles that are useful for product development, marketing and business needs. However, some articles look at beauty products, particularly cosmeceuticals, as well.
The Library of Congress does not use cosmeceuticals as an official subject heading. However, you may be able to identify additional works on cosmeceuticals in The Library of Congress by clicking on the links below to automatically execute a keyword search in the Library of Congress online catalog. Please be aware that during periods of heavy use you may encounter delays in accessing the catalog. Please check the other sections of this guide for catalog searches which relate to topics covered by those sections. For assistance in locating the many other subject headings which relate to this industry, please consult a reference librarian.
1."Boomers Drive Cosmeceuticals Market," Marketing to Women. December 2005. Volume 18, issue 12. page 9. As viewed in the database Business Reference Suite (Gale Cengage Learning), July 23, 2010.
2."Boomers drive rising cosmeceutical fortunes, joined by younger shoppers," Research Alert. February 4, 2005. Volume 23, issue 3. page 1. As viewed in the database Business Reference Suite (Gale Cengage Learning), July 23, 2010.
3."Summary Brochure: Introduction", Cosmeceuticals to 2010. Freedonia Group. http://www.freedoniagroup.com/brochure/24xx/2413smwe.pdf [PDF file: 720 KB / 8p.]
4."Cosmeceuticals to 2012," Freedonia Group.