The global dermocosmetics market size was USD 53.69 Billion in 2021 and is expected to register a revenue CAGR of 7.07% during the forecast period, according to latest analysis by Emergen Research. Surging demand for personalized skin, scalp, and hair care products and significant investments by various major cosmetological and pharmaceutical companies for development of innovative and improvement of existing skincare solutions are some of the factors driving market revenue growth.
Sun, pollution, stress, eating disorders, and free radicals increase skin collagen and elastin breakdown, which is driving demand for dermocosmetics products, particularly among working populations leading a hectic lifestyle. In addition, rising concerns about health of skin and hair have led to a significant demand for well-tolerated, safer products with proven efficacy. According to the American Academy of Dermatology Association, acne is the most prevalent skin problem in the U.S., affecting around 50 million people each year.
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The North America market accounted for largest revenue share in 2021. Rising average yearly expenditure on skincare and haircare products, as well as growing social media reach of companies promoting health, wellness, and fitness, are some of the key factors driving market revenue growth in region. Furthermore, rising prevalence of skin issues and rapid adoption of improved surgical treatments are expected to drive market expansion in North America. Surging number of collaborations and mergers among major cosmetic and pharmaceutical firms, as well as high-value investments for development of various innovative products, is driving demand for dermocosmetics.
Global Dermocosmetics Market : Notable Developments
The following is one of the significant developments pertaining to the global Dermocosmetics Market
On 11 January 2022, BASF introduced Castaline, which is a new active ingredient for cosmetics that is clinically proven to improve appearance of skin prone to atopy. Castaline is a 100% natural and organic solution derived from French chestnut leaves, which is the most recent addition to a growing portfolio of BASF ingredients for personal care products to improve skin conditions related to common epidermal concerns. Such developments and R&D initiatives by major companies are expected to drive growth of the market.
Competition in the Ventilator Market
The Dermocosmetics Market report contains information on leading vendors’ product launches, sustainability, and prospects, such as:Procter & Gamble, Johnson & Johnson Services, Inc., Unilever, Galderma, L’Oréal, Glo Skin Beauty, Jan Marini Skin Research, Shiseido Company, The Estée Lauder Companies Inc., and Pierre Fabre group.
Key Highlights From The Report :
The skincare segment accounted for a moderate revenue share in 2021. Tobacco consumption, stress, and excessive alcohol intake all contribute to an unhealthy lifestyle, which is the primary reason for various skin illnesses such as deep wrinkles, psoriasis, dyspigmentation, eczema, seborrheic dermatitis, and acne. Rising awareness regarding long-term damage caused by external agents, such as pollution and sun, is increasing demand for dermocosmetics. Major corporations are collaborating on numerous R&D activities to improve existing dermocosmetics goods.
The skin segment accounted for significant revenue share in 2021. Increasing demand for dermocosmetics owing to ability to treat skin problems, such as sensitive skin, acne, and eczema, among others in a targeted manner, is one of the key factors driving revenue growth of this segment. Increasing implementation of well-known molecules, such as retinoid, hyaluronic acid, or niacinamide for development of existing formulations, is driving demand for dermocosmetics.
The clinics segment accounted for a significant revenue share in 2021. Provision of a wide range of skin and scalp treatments as well as growing cosmetic surgery, which is leading to an increase in aftercare treatment and products, are a few factors driving revenue growth of this segment.
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Reasons why you should buy this report :
Understand the current and future of the Dermocosmetics Market in both developed and emerging markets.
The report assists in realigning the business strategies by highlighting the Dermocosmetics Market business priorities.
The report throws light on the segment expected to dominate the Dermocosmetics Market industry
Forecasts the regions expected to witness the fastest growth.
The latest developments in the Dermocosmetics Market industry and details of the industry leaders along with their market share and strategies
Segments covered in the report:
Emergen Research has segmented the global dermocosmetics market based on product type, treatment, end-users, and region:
Dermocosmetics Market Product Type Outlook (Revenue, USD Billion; 2019-2030)
Skincare
Serum
Cleanser
Cream
Lotion
Toner
Gel
Others
Haircare
Dyes
Conditioner
Shampoo
Others
Dermocosmetics Market Treatment Outlook (Revenue, USD Billion; 2019-2030)
Skin
Anti-ageing
Pigmentation
Skin whitening
Acne treatment
Others
Hair
Anti-hairfall
Anti-dandruff
Hair repair
Others
Dermocosmetics Market End-Users Outlook (Revenue, USD Billion; 2019-2030)
At-home
Clinics
Medical spas & salons
Others
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Geographic Segment Covered in the Report:
The Dermocosmetics Market provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
• North America (USA and Canada)
• Europe (UK, Germany, France and the rest of Europe)
• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
• Latin America (Brazil, Mexico, and the rest of Latin America)
• Middle East and Africa (GCC and rest of the Middle East and Africa)
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Questions addressed in the report:
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