Market problem

The pharmaceutical and cosmetic industries are undergoing significant changes, which also create new opportunities for the industry's development. The use of more and more natural products with good results gradually creates a new habit when customers can be proactive in taking care of themselves.

According to Fortunebusinessinsights, the global cosmeceutical market is expected to grow from $287.94 billion in 2021 to $415.29 billion in 2028 with a CAGR of 5% between 2021 and 2028 (according to Fortunebusinessinsights). Such high growth is due to the increasing use of R&D technologies such as Big data, AI, etc. to develop new product portfolios and the presence of outstanding business solutions.

Besides, this industry focuses on 2 main sales channels: the distribution channel and the direct channel. Any unit that comes up with the best way to connect the product supplier to the customer will be able to get a big piece of this industry's market.