- Skin Care Safety
- Hair Colorant Safety
- Perfume Safety
- Hair Care Product Safety
Cosmetovigilance Market Size was valued at USD 3.1 billion in 2021. It is expected to reach a value of USD 4.72 billion by 2028, growing at a CAGR of 6.2% form 2022-2028. Growing adoption of cosmetic products in developed and developing countries, increase in the purchasing power of consumers, rise in importance of aesthetic appearance, favorable government regulations and technological advances in cosmetovigilance softwares are some key factors fueling the market growth However, factors such as lack of awareness is hampering the market growth. Cosmetovigilance is a relatively new term that combines the terms pharmacovigilance and cosmetics. Pharmacovigilance refers to activities like gathering, detecting, evaluating, measuring, and preventing adverse effects while using medications. Cosmetics, on the other hand, are goods used by people to enhance attractiveness, change appearance, or otherwise improve their appearance. Cosmetovigilance is a service that continuously monitors the regulatory compliances of cosmetics as specified by the authorities. It is the ongoing and systematic examination of the impact of cosmetics on human health.
Fastest Growing Market
With improved consumer mindfulness towards adequate safety standards for cosmetic products, the cosmetics business market is likely to witness significant disruptions in the coming years. Cosmetovigilance is a recent concept. It is a form of health public surveillance with a public health objective, it therefore differs from the surveillance carried out by industrialists, who aim at the safety of the product for commercial purposes, and differs from peer surveillance, whose purpose is medical.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.