USD 4.46 billion
Report ID:
SQMIG30L2256 |
Region:
Global |
Published Date: November, 2024
Pages:
169
|Tables:
120
|Figures:
76
Global Anti-acne Cosmetics Market size was valued at USD 4.46 billion in 2022 and is poised to grow from USD 4.87 billion in 2023 to USD 9.77 billion by 2031, growing at a CAGR of 9.1% in the forecast period (2024-2031).
The rising prevalence of acne among people around the world owing to poor nutrition, sedentary lifestyles, and increasing pollution is projected to primarily drive sales of anti-acne cosmetics in the future. Increasing disposable income of people around the world and their rising spending on grooming and personal care are also projected to create new opportunities for anti-acne cosmetics companies going forward. Growing availability and accessibility to novel acne care products for people of age groups is also expected to benefit market growth over the coming years. Advancements in skincare product development and rising investments in acne research are also forecasted to create new opportunities for anti-acne cosmetics providers in the long run. On the contrary, side effects of chemical ingredients, expensive premium products, user dissatisfaction, and unregulated claims are estimated to slow down anti-acne cosmetics demand outlook across the forecast period and beyond.
Global Market Size
USD 4.46 billion
Largest Segment
Creams & Lotions
Fastest Growth
Women
Growth Rate
9.1%
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Global Anti-acne Cosmetics Market is segmented on the product type, gender, end use, and region. By product type, the market is segmented into Masks, Creams & Lotions, Cleansers & Toners, and Others. By gender, the market is segmented into Women and Men. By end use, the market is segmented into Dermatology Clinics and MedSpas. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Demographic
Women are projected to spearhead the demand for anti-acne cosmetics on a global level. High consciousness regarding aesthetic appearance among women and growing availability of multiple anti-acne cosmetics aimed at the women demographic are projected to help the dominance of this segment. Social pressure on women to look perfect is also a key factor promoting sales of anti-acne cosmetics among women around the world. Moreover, high prevalence of acne in women of all ages due to several factors will also help the high market share of this segment.
On the other hand, the demand for anti-acne cosmetics among men is projected to rise at a notable pace across the forecast period and beyond. Growing aesthetic awareness among men around the world and rising focus on acne care are projected to help create new opportunities via this segment in the future. Launch of new anti-acne cosmetics products specifically for men will also help boost market development in the long run.
Analysis by End User
Medspas are projected to spearhead the demand for anti-acne cosmetics across the forecast period. Increasing number of medspas and growing number of people opting for acne treatments in the same are promoting sales of anti-acne cosmetics via this segment. The millennial population is projected to help boost anti-acne cosmetics demand in medspas over the coming years. Growing spending on aesthetic treatments and procedures will also help promote market growth via medspas in the long run.
On the other hand, the demand for anti-acne cosmetics in dermatology clinics is slated to rise at a noteworthy pace in the future. Growing establishment of new dermatology clinics around the world and rising prevalence of skin cancer are projected to help this segment create new opportunities for anti-acne cosmetics providers going forward.
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Asia Pacific is forecasted to account for a dominant share of the global anti-acne cosmetics demand outlook owing to rising awareness regarding aesthetic appeal among people in this region. Rising disposable income, rapidly expanding e-commerce industry, and increasing willingness of people to spend on personal care are projected to be key factors promoting the demand for anti-acne cosmetics in this region going forward. India, China, Japan, Malaysia, and Australia are forecasted to emerge as the most opportune markets for anti-acne cosmetics companies in this region.
Europe is projected to emerge as the fastest-expanding market for anti-acne cosmetics providers in the future. The presence of multiple personal care product manufacturers and growing demand for novel cosmetic products in this region offer good growth opportunities for market growth. Germany, the United Kingdom and France are slated to be the top markets in this region. Evolving consumer preferences and high demand for natural ingredient-based cosmetics are projected to offer new business scope for anti-acne cosmetics suppliers in the long run.
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Drivers
Rising Prevalence of Acne Among the General Population
Growing Aesthetic Awareness Among People
Restraints
Side Effects of Chemical Ingredients
High Costs of Premium Products
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Anti-acne cosmetics companies should focus on making more products with natural ingredients as people refrain from products with chemicals in them. Developing anti-acne cosmetics for specific gender demographic could also help market players amplify their revenue generation potential in the future. Use of innovative marketing and quality ingredients will be key strategies for almost all anti-acne cosmetics companies operating in this market.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rising willingness of people to spend on personal care and growing aesthetic awareness are projected to drive anti-acne cosmetics sales. However, high costs of premium anti-acne cosmetics could slow down market growth in the future. The Asia Pacific is projected to spearhead anti-acne cosmetics demand outlook owing to rising disposable income and high availability of novel personal care products and cosmetics. Use of organic and natural ingredients in anti-acne cosmetics manufacturing will help market players stand out from the competition in the long run.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 4.46 billion |
Market size value in 2031 | USD 9.77 billion |
Growth Rate | 9.1% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Anti-acne Cosmetics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Anti-acne Cosmetics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Anti-acne Cosmetics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Anti-acne Cosmetics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30L2256
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