The credit crunch in the economy over the years has restricted the consumer spending capacity however urbanization supported dermaceuticals demand
Japan’s economy underwent drastic changes due to several catastrophic events such as tsunami, earthquakes and nuclear disasters which adversely affected the industry outputs and dampened consumer confidence in the economy which is expected to stabilize in near future. Varying demographics and rising lifestyle are expected to grow the healthcare expenditure in Japan. Over the review period 2007-2012, the per capita expenditure on health has grown at a year on year average growth rate of 3.4%. This has stimulated the demand for medicated skin care and hair care cosmetics in the country.
Dermaceuticals in the country has been largely confined to skin care sector, and within this anti-aging market dominated the industry over the past five years from 2007-2012. In production value terms, Japanese medicated cosmetics market has showcased various ups and downs in its growth over the review period 2007-2012.
Varying demographics and rising lifestyle are expected to grow the healthcare expenditure in Japan. Over the review period 2007-2012, the per capita expenditure on health has grown at a year on year average growth rate of 3.4%. This has stimulated the demand for medicated skin care and hair care cosmetics in the country.
Urbanization led to increase in the consciousness of health and wellness among Japanese people which inclined the demand for cosmeceuticals in the country. The urban population in Japan is anticipated to grow at an average annual growth rate of 1.6% in the next five years from 2012-2017 reaching to 126.2 million in 2017. This will strengthen the medicated cosmetics market in Japan in future.
The report on -Japan Cosmeceuticals Industry Outlook to 2017- Shifting Consumer Attention to Economical Products- highlights major events taken place in Japan cosmeceuticals industry in the last five years. The report provides comprehensive analysis of the industry with discussion on its segments and sub-segments performance to identify future expected demand of cosmeceuticals in Japan. Study will assist cosmeceutical producers, retailers, wholesalers, distribution chain owners, marketers and other stakeholders to form up strategies considering the past and expected future trend.
Contact Person: Ankur Gupta