Dermacosmetics Market Research Report: By Product (Skincare, Haircare), Treatment (Skin, Hair), Distribution Channel (Pharmacies & Retail Stores, Online Channels), End User (Clinics, Medical Spas, & Salons, At-Home, Hospitals) – Global Industry Revenue Estimation and Demand Forecast to 2030

Market Overview

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.

Due to Wider Application, Skincare Products Held Larger Share

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.

Due to Rising Prevalence of Skin Conditions, Skin Treatment Was Larger Category

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.

Due to Shifting Consumer Preference, Online Channel Is Expected To Showcase Highest Growth Rate

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.

Due to Provision of Wide Array of Skin Treatments, Clinics, Medical Spas, and Salons Held Largest Share

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.

Due to Rising Prevalence of Skin Disease, Europe Dominated Market

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 Are Key Trends

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.

Increasing Inclination toward Spending on Appearance Is Driving Market

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.

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Market Players Are Focusing Acquisitions to Gain Competitive Edge

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:

• In October 2019, Shiseido Americas Corporation, a subsidiary of Shiseido Company Limited, signed an agreement to acquire DRUNK ELEPHANT. This acquisition helped Shiseido strengthen its position in the global prestige skincare market.
• In April 2019, Unilever Group completed the acquisition of Laboratoire Garancia, a French dermacosmetic brand. Laboratoire Garancia offers 38 premium facial and body skincare products, predominantly through pharmacies in France and selective retail distribution channels.

Key Players In Dermacosmetics Market Include:

Market Size Breakdown by Segment

The global dermacosmetics market report offers comprehensive market segmentation analysis along with market estimation for the period 2015–2030.

Based on Product

• Skincare
  • Cream
  • Serum
  • Lotion
  • Cleanser
  • Gel
  • Toner
• Haircare
  • Shampoo
  • Conditioner

Based on Treatment

• Skin
  • Anti-aging
  • Skin whitening
  • Acne treatment
• Hair
  • Anti-dandruff
  • Anti-hair fall
  • Hair repair

Based on Channel

• Pharmacies & Retail Stores
• Online Channels

Based on End User

• Clinics, Medical Spas, & Salons
• At-Home
• Hospitals

Geographical Analysis

• Europe
  • France
  • Italy
  • Germany
  • U.K.
  • Spain
  • Russia
  • Switzerland
  • Sweden
  • Norway
  • Denmark
  • Poland
• North America
  • U.S.
  • Canada
• Asia-Pacific (APAC)
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Australia
  • Singapore
  • Thailand
  • Malaysia
  • Sri Lanka
• Latin America (LATAM)
  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Colombia
  • Ecuador
• Middle East & Africa (MEA)
  • Saudi Arabia
  • U.A.E
  • South Africa
  • Israel
  • Egypt
  • Kuwait