USD 56.48 billion
Report ID:
SQMIG30L2085 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
68
|Figures:
78
Dermocosmetics Skin Care Products Market size was valued at USD 60.72 Billion in 2023 and is poised to grow from USD 65.27 Billion in 2024 to USD 116.41 Billion by 2032, growing at a CAGR of 7.5% during the forecast period (2025-2032).
Global dermocosmetics skin care products market is driven by the growing demand for skin care products that provide both cosmetic and therapeutic benefits, as well as the increasing consumer awareness of the potential harm of synthetic chemicals in personal care products. Global market is a rapidly growing industry that is expected to continue to grow in the coming years. The market is driven by several factors, including the rising prevalence of skin diseases such as acne, psoriasis, and eczema, as well as the growing consumer awareness of the potential harm of synthetic chemicals in personal care products. In addition, the increasing demand for natural and organic skin care products is driving the growth of the market, as consumers seek products that are free from potentially harmful ingredients.
US Dermocosmetics Skin Care Products Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 56.48 billion
Largest Segment
Offline channel
Fastest Growth
Online channel
Growth Rate
7.5% CAGR
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Global Dermocosmetics Skin Care Products Market is segmented on the basis of product type, distribution channel and region. By product type, the market is segmented into anti-aging products, sun protection products, skin brightening products, acne treatment products and others (including anti-pigmentation, anti-cellulite, etc.). By distribution channel, market is segmented into online channel, offline channel (including specialty stores, supermarkets/hypermarkets, pharmacies/drugstores, etc.). By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Product Type
The anti-aging products segment dominated the global dermocosmetics skin care products market. This segment has been consistently dominant due to the increasing demand for anti-aging products, which target various signs of aging such as wrinkles, fine lines, and sagging skin. The demand for anti-aging products is primarily driven by an aging population, increased awareness about skin aging, and the desire for youthful-looking skin.
The second-largest segment was sun protection products, which include products that provide protection against the harmful effects of UV radiation from the sun. The demand for sun protection products has been increasing due to the growing awareness about the damaging effects of UV radiation on the skin, such as sunburn, premature aging, and skin cancer.
The fastest-growing segment of the global dermocosmetics skin care products market by product type was acne treatment products. Acne is a prevalent skin condition that affects a significant portion of the population, and the demand for acne treatment products has been increasing due to the increasing prevalence of acne and the desire for clear skin.
Analysis by Distribution Channel
The offline segment dominated the global dermocosmetics skin care products market, which includes specialty stores, supermarkets/hypermarkets, pharmacies/drugstores, and other brick-and-mortar retailers. This is because many consumers still prefer to physically browse and purchase products in-store, especially for products like skin care that require a personal assessment of skin type and needs.
The online channel segment is the fastest growing segment. With the increasing availability of e-commerce platforms and the growing trend of online shopping, more and more consumers are turning to the convenience of purchasing skin care products online. Online channels also offer a wider range of product options and the ability to compare prices and read reviews from other consumers. This has led to a significant increase in the online sales of dermocosmetics skin care products, and this trend is expected to continue in the coming years.
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Europe is one of the largest markets for dermocosmetics skin care products due to the high prevalence of skin diseases such as acne, rosacea, and eczema, and the cultural emphasis on skin health and beauty. The demand for natural and organic products is also increasing in this region due to the growing consumer awareness of the potential harm of synthetic chemicals in personal care products. The United Kingdom, Germany, France, and Italy are the major markets in the European region. Each of these countries has its own unique demands and preferences, with the UK and Germany being particularly interested in anti-aging and sun protection products, while France and Italy have a strong interest in natural and organic products.
The Asia-Pacific region is the fastest-growing market for dermocosmetics skin care products. The region is expected to witness significant growth due to factors such as a growing population, rising disposable income, increasing awareness about skincare, and high demand for natural and organic products. Japan, China, and South Korea are among the leading countries in the Asia Pacific region in terms of dermocosmetics skin care product consumption. In Japan, consumers are highly conscious of their skin health and are willing to spend a significant amount of money on high-quality products. In China, there is a growing middle class with increased purchasing power, which has led to a surge in demand for premium skincare products. South Korea, on the other hand, is known for its advanced skincare technology and innovative products. India is also emerging as a potential market for dermocosmetics skin care products due to increasing awareness about skincare and a growing middle class. Additionally, the region has a rich tradition of natural and Ayurvedic skincare, which is gaining popularity among consumers.
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Drivers
Increasing awareness among consumers
Restraints
High cost
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The global dermocosmetics skin care products market is highly competitive, with numerous players competing for market share. Some of the key players in the market are investing heavily in research and development to create new and innovative products that address specific skin concerns. They are also expanding their product portfolios through mergers and acquisitions, strategic partnerships, and collaborations. In addition to established players, there are also numerous smaller players and startups entering the market, particularly in the natural and organic skincare segments. These companies are leveraging digital marketing and social media platforms to reach consumers and build their brands. To remain competitive, companies are also investing in sustainability initiatives and ethical sourcing of ingredients. They are also focusing on personalized and customized skincare solutions, using data analytics and artificial intelligence to better understand individual consumer needs and preferences.
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, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Dermocosmetics Skin Care Products Market analysis, the market is primarily driven by the increasing awareness among consumers regarding the importance of skin health and the growing prevalence of skin disorders such as acne, eczema, and psoriasis. In addition, the rise in disposable incomes, changing lifestyles, and the desire for a youthful appearance have also contributed to the growth of this market. Asia-Pacific is expected to be the fastest-growing region due to the growing demand for dermocosmetics skin care products in countries such as China, Japan, and South Korea, which are major markets for beauty and personal care products. Overall, the global market is expected to continue its growth trajectory in the coming years due to the increasing demand for effective skin care products, rising disposable incomes, and changing consumer preferences.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 56.48 billion |
Market size value in 2031 | USD 108.29 billion |
Growth Rate | 7.5% |
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 |
Recent Developments
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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 Dermocosmetics Skin Care Products 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 Dermocosmetics Skin Care Products 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 Dermocosmetics Skin Care Products Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Dermocosmetics Skin Care Products 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: SQMIG30L2085
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