The Latin America, Middle East and Africa Dermocosmetics Market would witness market growth of 11.7% CAGR during the forecast period (2022-2028).
In the beginning, dermo-cosmetics were specialist skincare products created with dermatologists' assistance to help enhance the appearance of the skin while treating a variety of skin conditions like redness, inflammation, acne, and more. They are created after substantial research and frequently use cutting-edge materials and equipment. Because they are specifically created to prevent and cure particular types of skin diseases, these products set themselves apart from everyday skin care products. To ensure that the formulations have the intended impact on the problem they are intended to solve, they are clinically tested.
The breakdown of skin collagen and elastin is accelerated by the sun, pollution, stress, eating disorders, and free radicals. This is increasing demand for dermocosmetics products, particularly among working populations leading busy lifestyles. Additionally, there is a considerable market for well-tolerated, safer products that are effective due to growing concerns about the health of skin and hair.
Acne affects almost 50 million Americans annually, making it the most common skin condition in the country, according to the American Academy of Dermatology Association. Atopic dermatitis is also anticipated to impact one in ten persons throughout their lifetime, while psoriasis and rosacea collectively affect millions of Americans, respectively. Furthermore, growth in skin-related diseases and photoaging brought on by excessive UV exposure is contributing to the increased demand for efficient dermocosmetics solutions.
As more people in this region have access to the internet, social media sites like Instagram and Meta have become more popular. These social media channels have the power to both influence people and keep them informed about fashion trends. The increase in fashion influencers would also help to fuel the region's expanding desire for a stylish dermocosmetics market. Additionally, as people's disposable income rises, they are becoming more inclined to purchase expensive items like clothing and accessories, which is predicted to open up lucrative chances for the major market participants. The demand for hair accessories will increase in the next years as millennials devote more time and effort to creating imaginative and attractive outfits with matching hairstyles and hair accessories.
The Brazil market dominated the LAMEA Dermocosmetics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,736.2 Million by 2028.The Argentina market is experiencing a CAGR of 12.2% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 11.4% during (2022 - 2028).
Based on Product, the market is segmented into Skin Care and Hair Care. Based on Distribution Channel, the market is segmented into Pharmacy & Retail Stores and Online. Based on End User, the market is segmented into Clinics, Medical Spas, & Salons, Hospitals and At-Home. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Dermocosmetics Market is Predict to reach $90.8 Billion by 2028, at a CAGR of 9.8%
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.
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