The Global Dermocosmetics Market size is expected to reach $90.8 billion by 2028, rising at a market growth of 9.8% CAGR during the forecast period.
Dermocosmetics are cosmetics designed specifically for the body and to lessen the effects of specific skin issues. They are produced in a way that prevents skin irritation and allergies. They do, however, go beyond the category of hypoallergenic cosmetics. The manufacturer may consult medical professionals, chemical experts, and cosmetology experts when creating these products. Such a product needs more precise analysis to be produced result of use, the concentration of active substances and other ingredients, as well as the manner of their manufacture and application.
Dermocosmetics have a higher concentration of bioactive ingredients than traditional cosmetics, which enables them to function more quickly and efficiently. Thermal waters that are rich in oligo-elements like zinc and iron are found in these goods. However, they are not medications, and the notion that authentic dermocosmetics may only be bought from pharmacies is gradually dispelling itself.
Humans now often use cosmetics to beautify and improve the physical characteristics of their skin. Dermocosmetics have successfully dominated the expanding cosmetics sector with a variety of items made from organic and high-quality materials. The main categories of luxury cosmetics are skincare, makeup, serums, hair care, and fragrances. Due to the strong consumer spending power in the nations of this region, dermocosmetics goods have become a particularly successful business. However, due to rising disposable wealth and regionally popular skin and hair care trends, the popularity of dermocosmetics has spread throughout Asian nations as well.
The dermocosmetic industry identifies its target market quite well. Dermocosmetics are typically designed for people with specific skin issues rather than having indications like "30+." They lessen the signs of skin conditions such as psoriasis, acne, pruritus, and atopic dermatitis (AD). They inhibit dandruff, promote collagen formation, or lessen inflammation. People who discover they experience adverse responses when using conventional cosmetics are another target audience for dermocosmetics. Dermocosmetics are particularly well-liked by expectant mothers and those who use them while taking care of their infants.
Due to several restrictions that the government placed on various industries, the COVID-19 Impact on the dermocosmetics business resulted in significant losses. Due to the sealing of international borders, shipments were held up at ports, which resulted in a shortage of raw materials for the production of skincare products. Massive industrial failures were triggered by the rapid imposition of constraints in the COVID-19 initial wave. Companies were unable to meet client demand in the first two quarters of 2020 due to manufacturing constraints brought on by scarcity. One of the biggest setbacks for the dermocosmetics business was the unanticipated delays in the delivery of the ordered goods, which caused many customers to cancel their orders.
Dermocosmetics not only give gorgeous skin, but they also improve the skin's health and texture. It offers a wide variety of products to address a variety of skin problems, including fine lines, wrinkles, skin that is prone to skin lightening, acne, dark spots, anti-aging, and more. Dermocosmetics products include, among others, anti-aging serums, gel cleansers, pore refiners, exfoliators, and skin moisturizing masks. As the most important component of the human body, skin is a topic of great concern to people today.
Young people are aging quickly due to unhealthy lifestyle choices and inadequate nutrition. Fast food has a lot of additives, chemicals, sugar, salt, and bad fats that can lead to skin conditions, high blood pressure, and obesity. The primary cause of hair loss, grey hair, aging, wrinkles, and other issues is inadequate nutrients in eating. People all across the world are developing serious skin illnesses as a result of increased exposure to pollution. Dermocosmetics offer a remedy for these issues. Daily growth is being seen in demand for hair and skin treatments. The World Health Organization estimates that 900 million individuals suffer from skin and hair conditions.
Dermocosmetics have occasionally harmed a specific skin type because many consumers don't consult professionals before using these products. People experienced skin redness, scratching, discoloration of the skin, itching, and occasionally swelling as well. Over time, it may have an impact on a person's skin and immune system. In certain instances, severe hair loss, thinning hair, and a propensity for dandruff were seen since suitable expert advice wasn't sought before utilizing these products. Dermocosmetics are designed to treat certain skin disorders, but if they are not applied according to professional advice, they might harm the skin and hair.
On the basis of Product, the Dermocosmetics Market is divided into Skin Care, and Hair Care. The skin care segment acquired the highest revenue share in the dermocosmetic market in 2021. It is due to people using skin treatments like rejuvenation, laser therapy, chemical peels, and dermal fillers as a result of growing public knowledge of skin treatments that can improve their skin's appearance. The dermocosmetics market's increasing use of these skin treatments is anticipated to boost the subsegment's revenue growth.
Based on the Distribution Channel, the Dermocosmetics Market is segmented into Pharmacy & Retail Stores, and Online. The online segment recorded a substantial revenue share in the dermocosmetic market in 2021. It is due to the COVID-19 pandemic which allowed people to avoid leaving their homes, ordering prescription drugs and things online has grown popular. Technology advancements have made internet shopping more convenient. Users who shop online can contrast various product brands and prices.
By End User, the Dermocosmetics Market is classified into Clinics, Medical Spas, & Salons, Hospitals, and At-Home. The clinics, medical spas, & salons segment garnered the highest revenue share in the dermocosmetic market in 2021. Due to the growing acceptance of online appointment scheduling and the need for skin and hair care services, medical spas and salons are also utilizing cutting-edge technology to make their facilities easily accessible to their clients. Through the course of the projected period, these variables are anticipated to fuel market expansion.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 47.6 Billion |
| Market size forecast in 2028 | USD 90.8 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 9.8% from 2022 to 2028 |
| Number of Pages | 202 |
| Number of Tables | 334 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Product, Distribution Channel, End User, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the Dermocosmetics Market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region acquired a promising revenue share in the Dermocosmetics market in 2021. It is due to the rising average yearly spending on skincare and haircare products as well as the expanding social media presence of companies promoting health, wellness, and fitness. Additionally, it is anticipated that the rapid adoption of sophisticated surgical techniques and rising occurrences of skin issues will considerably fuel market expansion in North America.
Free Valuable Insights: Global Dermocosmetics Market size to reach USD 90.8 Billion by 2028
The major strategies followed by the market participants are Acquisitions. Based on the Analysis presented in the Cardinal matrix; Johnson & Johnson, Inc., The Procter and Gamble Company, Allergan plc are the forerunners in the Dermocosmetics Market. The major strategies followed by the market participants are Acquisitions. Based on the Analysis presented in the Cardinal matrix; Johnson & Johnson, Inc., The Procter and Gamble Company, Allergan plc are the forerunners in the Dermocosmetics Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson & Johnson, Bausch Health Companies, Galderma S.A., The Procter and Gamble Company, Allergan plc, L'Oreal Group, Beiersdorf AG, Kao Corporation (Kanebo Cosmetics Inc.), Estee Lauder Companies Inc., and Shiseido Company.
By Product
By Distribution Channel
By End User
By Geography
The global Dermocosmetics Market size is expected to reach $90.8 billion by 2028.
An Increase In Population Awareness Of Skin Care, Hair Care, And Skin-Related Issues are driving the market in coming years, however, Dermocosmetics Related Allergic Reactions restraints the growth of the market.
Johnson & Johnson, Bausch Health Companies, Galderma S.A., The Procter and Gamble Company, Allergan plc, L'Oreal Group, Beiersdorf AG, Kao Corporation (Kanebo Cosmetics Inc.), Estee Lauder Companies Inc., and Shiseido Company.
The expected CAGR of the Dermocosmetics Market is 9.8% from 2022 to 2028.
The Pharmacy & Retail Stores segment acquired maximum revenue share in the Global Dermocosmetics Market by Distribution Channel in 2021 thereby, achieving a market value of $65.3 billion by 2028.
The Asia Pacific market dominated the Global Dermocosmetics Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $33.7 billion by 2028.
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