Cosmeceutical describes a new classification of products that crosses over both the health and beauty of the skin. They are cosmetic products that entail the formulation of active ingredients that can have an effect on skin cell function. Due to the availability of their broad-spectrum of applicators, cosmeceuticals are generally products that you can buy off the shelf without the need for a prescription.
Topical products are products applied to the surface of the skin. For example, cleansers, lotions, creams, and ointments. Typically prescribed by your dermatologist or doctor.