Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 77.93 Billion | USD 148.17 Billion | 7.4% | 2023 |
According to the report published by Zion Market Research, the global Dermo-cosmetics Market size was valued at USD 77.93 Billion in 2023 and is predicted to reach USD 148.17 Billion by the end of 2032. The market is expected to grow with a CAGR of 7.4% during the forecast period. The report analyzes the global Dermo-cosmetics Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Dermo-cosmetics industry.
Dermo-cosmetics is a branch of science that deals with the combination of dermatology and cosmetology. Dermo-cosmetics products are the ones that are used to treat growing common skin problems like extreme sensitivity, eczema, psoriasis, acne, and reactive skin.
One of the major factors driving the growth of the global dermo-cosmetics market is the constantly increasing knowledge regarding the utilization of these branches. Moreover, the high demand from women for authentic and effective products is further nurturing the developments and advancements of dermo-cosmetic products that were earlier limited to only the field of medicine. The dermo-cosmetic products were initially considered to be beauty products but with time, advancements, & its utilization they are now known to improve beauty rather than a beauty product and thus specifically formulated to restore skin health. Also, their effectiveness in treating several skin diseases has significantly empowered its existence.
They are also effective products against the ongoing stress of contemporary life and further slowdown the natural skin aging process. Moreover, the growing disposable income of people all across the globe is also bolstering the growth of the market globally. Nowadays, there is the immense popularity of dermo-cosmetic products among the population owing to the fact that they improve the appearance by using it temporarily. The constant growing adult population coupled with the growth in awareness regarding the benefits associated with such products further boosts the growth of the global dermo-cosmetics market during the forecast period. Also, the significant spike in consumer interest in health, wellness, and other similar benefit-driven products is likely to escalate the growth of the market globally during the forecast period.
The global dermo-cosmetics market can be segmented into the distribution channel, product, and region.
By distribution channel, the market can be segmented into online sales, hospital pharmacy, and retail pharmacy. The online sales distribution channel holds the largest share in the global dermo-cosmetics market due to the ease of availability and presence of a large number of products. Moreover, the discounts offered by online platforms to attract customers further propel the growth of the segment.
By product, the market can be segmented into skincare, hair care, and eye care.
The skincare segment accounts for the largest share in the global dermo-cosmetics market due to its high demand all across the globe. The skincare products can further be segmented into skin whitening, anti-aging, acne treatment, and other skincare products. The anti-aging skincare products dominate the global dermo-cosmetics market due to their high demand owing to the hectic lifestyle and poor-dietary habits of people. The acne treatment segment is also anticipated to witness huge growth during the forecast period due to the launch of several effective products for severe acne problems.
The hair-care products can further be segmented into hair repair, anti-hair fall, anti-dandruff, hair-care products, and others.
The eye care segment can further be bifurcated into prescription drops and artificial tears.
Report Attributes | Report Details |
---|---|
Report Name | Dermo-cosmetics Market |
Market Size in 2023 | USD 77.93 Billion |
Market Forecast in 2032 | USD 148.17 Billion |
Growth Rate | CAGR of 7.4% |
Number of Pages | 220 |
Key Companies Covered | PCA Skin, Allergan plc., Amorepacific Corporation, Shiseido Group, Revive, Valeant Pharmaceuticals Inc.,La Prairie, BSN medical GmbH, ZO Skin Health Inc., Unilever plc., Jan Marini Skin Research Inc., Glo Skin Beauty Bioelements, Johnson & Johnson, Procter & Gamble Co., and L’Oreal S.A |
Segments Covered | By distribution channel, By product and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America accounts for the largest share in the global dermo-cosmetics market due to the high demand for dermo-cosmetic products in the region. Moreover, the presence of a strong customer base who highly demand anti-aging and acne treatment products further propels the growth of the regional market.
Asia Pacific is anticipated to witness huge growth during the forecast period due to the presence of strong market players in growing economies like China.
Some of the significant players in the global dermo-cosmetics market are:
product
FrequentlyAsked Questions
One of the major factors driving the growth of the global dermo-cosmetics market is the constantly increasing knowledge regarding the utilization of these branches. Moreover, the high demand from women for authentic and effective products is further nurturing the developments and advancements of dermo-cosmetic products that were earlier limited to only the field of medicine.
Some of the significant players in the global dermo-cosmetics market are PCA Skin, Allergan plc., Amorepacific Corporation, Shiseido Group, Revive, Valeant Pharmaceuticals Inc.,
La Prairie, BSN medical GmbH, ZO Skin Health Inc., Unilever plc., Jan Marini Skin Research Inc., Glo Skin Beauty Bioelements, Johnson & Johnson, Procter & Gamble Co., and L’Oreal S.A.
North America accounts for the largest share in the global dermo-cosmetics market due to the high demand for dermo-cosmetic products in the region. Moreover, the presence of a strong customer base who highly demand anti-aging and acne treatment products further propels the growth of the regional market.
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