Dermacosmetics Market Size and Share Analysis 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 $61,625.8 million in 2021, and it is projected to reach $132,743.5 million by 2030, growing at a CAGR of 8.9% between 2021 and 2030. The growth of the industry can be majorly attributed to the surging purchasing power of consumers, the increasing inclination toward spending on appearance, the growing prevalence of skin diseases, and the rising number of conferences to increase awareness of dermacosmetics.

The rising customer spending on beauty and looks and the growing focus on online shopping are driving the market. Consumers are more concerned with their beauty these days since it enhances their self-confidence. Therefore, people are increasingly opting to invest more in skin protection and radiance by utilizing these products to lessen the indications of aging, wrinkles, acne, and fine lines. Also, with the increase in household disposable income, the purchasing power of people has increased, leading to their rising inclination toward having healthy skin, by using beauty products, such as creams, lotions, toners, and serums.

The surging usage of organic products, such as olive oil, green tea, oats, acai berry, mulberry, pomegranate, and coffee berry, is expected to open up new economic potential. Because cosmetics include chemical components that can have several undesirable side effects on the skin, manufacturers have begun to utilize cutting-edge ways to enhance the sales of their cosmetics by releasing new products with more natural ingredients and appealing packaging.

Increase in Awareness Amongst the Population

Dermacosmetics not only give gorgeous skin, but they also improve the skin's health and texture. For different skin problems like fine lines, skin whitening, wrinkles, dark spots, acne, and anti-aging, there are a wide variety of goods and solutions available. Some examples of these products include anti-aging serums, exfoliators, gel cleansers, skin moisturizing masks, and pore refiners.

As the largest organ of the body, the skin is a topic of great concern for people today. In order to make their skin look both beautiful and healthy, people frequently take additional care of it. Numerous disorders related to the skin are being caused by rising pollution levels. Various products, which have the ability to create beautiful skin and long-lasting results, can be used to treat these ailments. These products are frequently recommended by spas, physicians, and beauticians as a treatment for skin-related problems. Thus, these elements are boosting the market demand.

Increasing Prevalence of Skin Diseases

Due to increased exposure to pollutants and ultraviolet (UV) radiation, skin illnesses including photoaging are becoming more common. This causes sunburns, decreased skin flexibility, and hair loss. Stress, excessive alcohol drinking and cigarette use, and other factors can also lead to skin conditions. Common skin issues include acne, psoriasis, hyperpigmentation, dyspigmentation, freckles, melasma, deep wrinkles, and atopic dermatitis.

Acne is a common dermatological ailment brought on by debris, sebum, and dead skin cells obstructing hair follicles. The majority of people on the earth struggle with acne, which eventually results in scarring. Around 85% of Americans have acne at some point in their life, according to the American Academy of Dermatology (AAD). The skin condition melasma also develops dark and gray-brown spots on the face.

It was further reported that about 10% of the people suffering from melasma are men. Similarly, freckles are a skin problem in which small, brown spots appear on the face, and these spots occur across all ages. The increasing prevalence of such skin problems leads to the increasing demand for these products across the globe.

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Skincare Products Hold Majority of Revenue Share

The skincare category dominated the dermacosmetics market in 2021, owing to the increasing number of skin issues. Also, the new skincare product range includes products designed to heal non-traditional body parts such as necks, elbows, and knees. Further, major companies are collaborating on various research and development initiatives for improving existing products. Moreover, consumer shift toward skin health over aesthetic beauty as well as surging interest in wellness and health, and the increasing responsiveness regarding long-term damage caused by external agents, including pollution and sun, are some of the other key factors driving the industry growth in this category.

Whereas, the hair care category is expected to register the highest growth rate over the forecast period. Hair loss, dandruff, and hair damage may be brought on by rising pollution, a stressful lifestyle, and improper food intake. Hair damage is also brought on by the growing popularity of hair transplants, hair dye, and other cosmetic procedures. Thus, it is projected that the increasing consumer attention on hair care would fuel the demand for hair care products over the next few years.

Skin Treatment Captured Highest Revenue

The skin category is further divided into anti-aging, skin whitening, pigmentation, acne treatment, and others. One of the main drivers fueling the market expansion in this category is the ability of dermacosmetic products to treat various skin issues in a targeted manner. The development of current formulations, including well-known chemicals like retinoid, hyaluronic acid, and niacinamide, is fueling the need for skin treatment products, which, in turn, drives the market growth over the projected period.

Clinics, Medical Spas, & Salons Are Prime Revenue Contributors

The clinics, medical spas, & salon category dominated the market, with a revenue share of around 48.7%, in 2021. This is due to the widespread use of dermacosmetic products in clinics and salons around the world, and the provision of a wide range of scalp and skin treatments. In addition, the rising need for various treatments, such as anti-aging, skin whitening, hair-regrowth, and dark spot removal, as well as the high necessity for targeting and identifying specific concerns are other factors contributing to the growth in demand for these products in these facilities.

Furthermore, increased demand for different clinical treatments, including chemical peeling, laser epilation method, platelet-rich plasma technique, dermatherapy, and hair mesotherapy, is likely to fuel the market expansion in this category. Because of the growing popularity of online appointment booking and the need for skin and hair care treatments, medical spas and salons utilize innovative technology to provide consumers with convenient access.

Europe Is Leader in the Market

In 2021, the European market accounted for the largest revenue share in the market. This is due to a rise in the prevalence of skin illnesses and increased access to a diverse variety of skincare products and treatments, as well as the growing presence of big corporations focused on producing new creative solutions to fulfill the demands of customers. Furthermore, the surging demand for beauty devices as a result of increased awareness and social media impact is fueling regional market growth in the coming years.

Furthermore, North America is expected to hold significant revenue share in the market during the forecast period. This is due to the increasing average yearly expenditure on skincare, beauty devices, and haircare products; the growing social media influence of brands promoting health, fitness, and wellness; the increasing incidence of skin problems; and the surging adoption of advanced surgical procedures in the region. Moreover, the rising number of mergers and collaborations among major pharmaceutical and cosmetic companies and the high investments in various development of innovative products are supporting the growth of the market in North America.

Top Players in the Dermacosmetics Market Are:

• The Procter & Gamble Company
• Nu Skin Enterprises Inc.
• Unilever PLC
• Pierre Fabre S.A.
• Galderma SA
• Shiseido Company Limited
• Bausch Health Companies Inc.
• Johnson & Johnson Services Inc.
• L’Oreal S.A.
• Beiersdorf AG

Market Size Breakdown by Segment

The study offers a comprehensive market segmentation analysis along with market estimation for the period 2017-2030.

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 Distribution Channel

• Pharmacies & Retail Stores
• Online Channels

Based on End User

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

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
  • Spain
  • Italy
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa