Functional Cosmetics Market Share

APAC Market Statistics

On the basis of geographical analysis, the global functional cosmetics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific industry is predicted to account for largest revenue share by 2036, owing to increasing global adoption of traditional skincare methods. Korean and Japanese skincare routines are being adopted by cosmetic companies to manufacture healthy and advanced products. Moreover, presence of various leading cosmetics manufacturing companies in the region is estimated to boost the market growth. Moreover, increasing self-care awareness amongst the large population in the APAC region is also expected to positively impact the market growth. According to the data by the World Bank, the female population in the East Asia and Pacific region reached 1.165 billion in 2020. The growing female population is bound to surge the demand for functional cosmetics in the region.

North America Market Analysis

The functional cosmetics market in the North America region, on the other hand, is anticipated to gain a substantial market share throughout the forecast period owing to the high disposable income, and rising penetration of functional cosmetics in the region.