Published: July 2021 | Report Code: LS11678 | Available Format: PDF | Pages: 428
The global dermacosmetics market was valued at $57.0 billion in 2020, which is projected to grow at a CAGR of 7.3% during 2020–2030. The growth of the market is majorly attributed to the surging purchasing power of consumers, increased inclination toward spending on appearance, surging prevalence of skin diseases, rising number of dermacosmetic conferences, and teens growing old at an early age.
During the COVID-19 pandemic, there was a negative impact on the dermacosmetics market due to the several steps taken by governments around the world to mitigate the health threat. Thus, owing to the strict lockdowns and sealing of international borders, the supply of raw materials reduced massively. This led to the limited operations of dermacosmetic product manufacturing companies, particularly in the first two quarters of 2020. Market activities are expected to remain depressed in the coming few months on account of the second wave and concerns regarding the supposed third wave.
The skincare product category held the larger share in the dermacosmetics market in 2020, and it is expected to maintain this trend throughout the forecast period, based on product. This is primarily attributed to the availability of a range of skincare products for various applications, such as anti-aging, spot removal, skin whitening, and acne treatment.
The skin treatment category held the larger share in the dermacosmetics market in 2020, based on treatment. This was mainly due to the availability of a broad range of products for the treatment of acne, dullness, fine lines, signs of aging, and dual skin tone.
The online channels category is expected to witness the fastest growth in the dermacosmetics market during 2020–2030, based on distribution channel. This is primarily attributed to the increasing preference of consumers to buy cosmetics and beauty products through his medium, mainly due to the heavy discounts and offers provided.
The clinics, medical spas, and salons category held the largest share in the dermacosmetics market in 2020, based on end user. This is mainly attributed to the wide array of skin treatments, such as skin whitening, anti-aging, and dark spot removal, performed at such places.
Geographically, Europe held the largest share in the dermacosmetics market in 2020, and it is expected to witness substantial growth in the coming years. This is mainly attributed to the rising prevalence of skin diseases and increasing demand for these products in the region.
Acquisitions amongst the players in the dermacosmetics industry are playing a substantial role in increasing the accessibility to advanced products. For instance, in December 2020, L’Oréal Group announced the acquisition of Takami Co., a Japanese skincare company, which was previously owned by Doctor Hiroshi Takami, founder of two dermatology centers in Tokyo. Moreover, in December 2019, The Estée Lauder Companies Inc. completed the acquisition of Have & Be Co. Ltd., a South Korean skincare company offering a wide range of dermatological products.
The rising inclination toward spending on appearance is one of the major factors responsible for the growth of the market for dermacosmetics. Consumers are focusing on improving their appearance, reducing the signs of aging, brightening the skin, and reducing acne, which helps them boost their confidence.
|Base Year (2020) Market Size||$57.0 Billion|
|Market Size Forecast in 2030||$115.2 Billion|
|Forecast Period CAGR||7.3%|
|Report Coverage||Market Trends; Revenue Estimation and Forecast; Segmentation Analysis; Country Analysis; Regional Breakdown; Companies’ Strategic Developments; Product Benchmarking; Company Profiling|
|Market Size by Segments||By Product; By End User; By Distribution Channel; By Treatment; By Region|
|Market Size of Geographies||France, Italy, Germany, U.K., Spain, Russia, Switzerland, Sweden, Norway, Denmark, Poland, U.S., Canada, China, India, Japan, South Korea, Indonesia, Australia, Singapore, Thailand, Malaysia, Sri Lanka, Brazil, Mexico, Argentina, Chile, Colombia, Ecuador, Saudi Arabia, U.A.E, South Africa, Israel, Egypt, Kuwait|
|Secondary Sources and References (Partial List)||United Nations Department of Economic and Social Affairs; Centers for Disease Control and Prevention; World Health Organization; American Academy of Dermatology; Indian Beauty & Hygiene Association; Japanese Dermatological Association; Latin American Pediatric Dermatology Society; Medical Dermatology Society|
Some of the key players in the dermacosmetics market are The Procter & Gamble Company, Nu Skin Enterprises Inc., Unilever Group, Pierre Fabre S.A., Galderma SA, Shiseido Company Limited, Allergan plc , The Estée Lauder Companies Inc., Johnson & Johnson, Beiersdorf AG, L’Oréal SA, Bausch Health Companies Inc., and Coty Inc.
In recent years, players in the market for dermacosmetics have been involved in acquisitions in order to attain a significant position. For instance:
The global dermacosmetics market report offers comprehensive market segmentation analysis along with market estimation for the period 2015–2030.
Based on Product
Based on Treatment
Based on Channel
Based on End User
The market for dermacosmetics will value $115.2 billion in 2030.
Dermacosmetics industry players will get numerous opportunities owing to the rising customer activity on online distribution channels.
Europe has been the largest market for dermacosmetics till now.
The dermacosmetics industry is driven by the increasing incidence of skin issues and rising disposable income of consumers.
Most players in the market for dermacosmetics are acquiring similar companies to expand their portfolio, distribution network, and customer base.
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