Cosmetovigilance Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Skin Care Safety, Hair Colorant Safety, Perfume Safety, Hair Care Product Safety and Others), By Application (Clinical Research Organizations and Business Process Outsourcing) and Region Forecast 2020-2031

Cosmetovigilance Market size was valued at US$ 11.5 billion in 2024 and is expected to reach US$ 16.1 billion by 2031, growing at a significant CAGR of 4.9% from 2025-2031. 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.

Key Developments:

• In October 2024, the International Collaboration on Cosmetics Safety (ICCS) and the Cosmetic Ingredient Review (CIR) announced a partnership to enhance the exchange of information on cosmetic ingredient safety. Their collaboration focuses on advancing New Approach Methodologies (NAMs) and Next Generation Risk Assessments (NGRAs) to improve safety evaluations in the cosmetics industry.
• In August 2024, the National Agency for Food and Drug Administration and Control (NAFDAC) issued a public alert regarding the recall of Dove Beauty Cream Bar Soap (100g) with batch number 81832M 08, manufactured in Germany. The recall was due to the presence of Butylphenyl Methylpropional (BMHCA), a prohibited ingredient in cosmetic products linked to reproductive toxicity, potential harm to unborn children, and skin sensitization. As a result, regulatory authorities in the EU have imposed a ban on the product's marketing.