2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What Industry-Specific Factors Are Fueling the Growth of theCosmetovigilance Market?

The cosmetovigilance market is predicted to expand due to the increased use of cosmetics. Cosmetics are products used on the human body for cleansing, improving appeal, altering looks, or promoting healthy skin and hair. Cosmetovigilance provides an understanding of the quality of cosmetic products through safety monitoring, which increases its demand as the use of cosmetics rises. For example, Global Cosmetic Industry reported that in April 2023, the U.S. premium beauty sales for Q1 2023 saw a 16% year-on-year increase, reaching $6.6 billion. This indicates that the escalating use of cosmetics significantly contributes to the growth of the cosmetovigilance market.

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#What Growth Opportunities Will Drive the Cosmetovigilance Market’s CAGR Through 2034?

In recent times, there has been a robust growth in the cosmetovigilance market. The market, valued at $3.46 billion in 2024, is projected to rise to $3.73 billion in 2025, featuring a compound annual growth rate (CAGR) of 7.8%. Factors such as regulatory compliance, heightened consumer consciousness, the need for adverse event reporting, global market extensions, and brand protection have been key drivers for this historic progress.

In the coming years, the cosmetovigilance market is anticipated to witness considerable growth. The market size is projected to reach “$5.07 billion in 2029, expanding at a compound annual growth rate (CAGR) of 7.9%. Factors contributing to this growth during the forecast period include increased regulatory oversight, growing consumer demand for transparency, emerging market trends, challenges related to globalization, partnerships with regulatory agencies, and swift product innovation. Significant trends that will impact the market during the forecast period are the use of big data analytics, strategic alliances for sharing information, intensified emphasis on post-market monitoring, initiatives to educate consumers, and integration with pharmacovigilance practices.

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What Key Market Trends and Innovations Are Shaping the Future of theCosmetovigilance Industry?

The emergence of fresh governmental ordinances is a noteworthy trend gaining traction in the cosmetovigilance industry. An example of this is the Modernization of Cosmetics Regulation Act of 2022 (MoCRA), which got established into law in December of the same year. The MoCRA is a landmark law enacted in the United States, marking the most considerable broadening of the Food and Drug Administration’s (FDA) power to oversee cosmetics since the initiation of the Federal Food, Drug, and Cosmetic (FD&C) Act in 1938. This rule enforces fresh obligations on the cosmetics sector, like reporting adverse events, registering facilities, and listing products. The principle objective of MoCRA is to enhance user safety, compelling responsible entities to promptly report adverse events and maintain proof of safety records. The FDA will put forth regulations for Good Manufacturing Practice, fragrance allergen identification labelling, and the detection of asbestos in talc-inclusive cosmetic goods. The rule also grants exemptions for certain minor businesses and initiates a Voluntary Cosmetic Registration Program. The FDA conducted a seminar to underscore the key terms and provisions of MoCRA, reaffirming its dedication to executing and enforcing adherence to the fresh obligations.

Which Companies Are Leading the Charge in Expanding theCosmetovigilance Market Growth?

Major companies operating in the cosmetovigilance market include PharSafer Associates Ltd., Zeincro GmbH, Skill Pharma Limited, ClinChoice Inc., Poseidon Clinical Research Organization GmbH, AxeRegel AG, Freyr Solutions LLC, OC Vigilance SAS, Pure Drug Safety Inc., Société Générale de Surveillance, Coronis Research S.A., Biorius Inc., B&B Associates LLP, Medwork GmbH, iSafety S.L., MSL Solution Providers LLC, Pharmathen SA, Cliantha Research B.V., Veristat LLC, ClinAudits Inc., ProPharma Group International, PrimeVigilance LLC, Arriello Group, Qserve Group Limited, PharmaLex GmbH, ELC Group LLC, Groupe PARIMA, Quality Assistance LLC, PharmInvent NV

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How is the Global Cosmetovigilance Market Segemented?

The cosmetovigilance market covered in this report is segmented –

1) By Service Type: Pre- marketing Services, Post- marketing Services

2) By Reported Category: Skincare, Makeup, Haircare, Perfumes And Deodorants, Hair Colorants, Other Reported Categories

3) By Service Providers: Clinical Research Organizations (CROs), Business Process Outsourcing (BPOs)

Subsegments:

1) By Pre- marketing Services: Safety Assessments, Clinical Trials, Regulatory Compliance Consulting

2) By Post- marketing Services: Adverse Event Reporting, Risk Management, Periodic Safety Update Reports (PSURs), market Surveillance

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Which Geographics are Influencing the Growth of the Cosmetovigilance Market?

Europe was the largest region in the global cosmetovigilance market in 2024. The regions covered in the cosmetovigilance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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