The dermacosmetics market will grow by more than 100% in 2020-2030

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Europe held the largest share of the dermocosmetics market in 2020. This is mainly attributed to the increasing prevalence of skin diseases in the region, resulting in an increasing demand for dermocosmetics products.

The increase in the purchasing power of people, the increase in appearance expenses, the increasing incidence of skin problems, the increasing number of conferences and seminars and the early onset of hormonal changes in adolescents are the main drivers of dermacosmetics market growth. Thus, the sale of these products reached $ 57.0 billion in 2020, and this number will experience a CAGR of 7.3% between 2020 and 2030, reaching $ 115.2 billion by 2030. In addition to To improve the appearance, these products are specifically used as a treatment for a variety of skin problems.

In 2020, skin care was the biggest fork in the market, based on the product; the other bifurcation is hair care. This was due to the easy availability of cosmetics for the treatment of a range of skin related problems, such as scars, blemishes, stretch marks, acne, and spots. These products remove dirt, dead skin cells and sebum and keep the skin smooth and moist. Due to the multiple benefits and applications of these products, skin care will also be the fastest growing bifurcation on the market until 2030.

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The distribution channels segment of the Dermacosmetics market is divided into online channels and drugstores and retail stores. Of these, bifurcated pharmacies and retail stores have dominated the market during the historic period (2015-2020) due to the long standing presence of these establishments as preferred shopping spots. In such places, people can talk to the pharmacist (chemist) for specific instructions for use and dosage. However, with increasing internet penetration, the online category will experience a higher CAGR during the forecast period.

The market is mainly driven by the increasing prevalence of dermatological diseases, such as acne, hyperpigmentation, atopic dermatitis, dyspigmentation, freckles, deep wrinkles, psoriasis and melasma, due to the increasing exposure to UV rays and air pollution and increasing alcohol and tobacco consumption. About 125 million people suffered from psoriasis in 2020, according to the World Psoriasis Day consortium. Likewise, nearly 85% of people in the United States have acne, according to the American Academy of Dermatology (AAD), which is propelling demand for cosmetics.

Another important driver of the dermacosmetics market is the increase in disposable income of people, of which they devote an increasing share to improving their appearance. According to government sources, disposable income in the United States has increased from $ 13.5 trillion in 2015 to $ 15.5 trillion in 2020. This allows people to spend more on their appearance, which ultimately boosts the economy. demand for dermocosmetics. This is clear from the fact that per capita spending on personal care in the United States increased to $ 786 in 2019, from $ 762 in 2017.

Browse report with detailed analysis of impact of COVID-19 on global cosmetics market size and growth forecast till 2030

In addition, the shift in inclination towards personalized products is a key area of ​​opportunity for players in the dermacosmetics market. Water quality, climate and pollution are the key factors that decide what type of products will be right for a particular person, apart from skin and hair type. As a result, Estee Lauder Companies Inc., Phyto Botanical Power, L’Oréal SA and many other established cosmetics companies now offer products suitable for every skin and hair type. Therefore, countries that have high levels of air pollution could be a good area of ​​opportunity for these businesses.

Europe generated the highest revenue for the dermacosmetics market during the historical period due to the increasing incidence of skin diseases here. In addition, the region is home to many well-known market players resulting in high product sales. The scenario is made better by the increase in disposable income of Europeans and the technological advances of these products. For almost the same reasons, the fastest growing industry over the forecast period will be seen in Asia Pacific (APAC), which, moreover, has the largest potential customer base in the world.

Therefore, the market will continue to advance with the increasing prevalence of dermatological issues and the growing awareness of people regarding their appearance.

Breakdown of market size by segment

By product

  • Skin care
    • Cream
    • Serum
    • Lotion
    • Cleanser
    • Gel
    • Toner
    • Others
  • Hair care
    • Shampoo
    • Conditioner
    • Others

By treatment

  • Skin
    • Anti-aging
    • Skin whitening
    • Acne treatment
    • Others
  • Hair
    • Anti dandruff
    • Anti hair loss
    • Hair repair
    • Others

By distribution channel

  • Pharmacies and retail stores
  • Online Channels

By end user

  • Clinics, medical spas and salons
  • At home
  • Hospitals

By region

  • European dermacosmetics market
    • By product
    • By treatment
    • By distribution channel
    • By end user
    • By country – France, Italy, Germany, UK, Spain, Russia, Switzerland, Sweden, Norway, Denmark, Poland and rest of Europe
  • Dermacosmetics Market in North America
    • By product
    • By treatment
    • By distribution channel
    • By end user
    • By country – United States and Canada
  • Asia-Pacific (APAC) Dermocosmetics Market
    • By product
    • By treatment
    • By distribution channel
    • By end user
    • By country – China, India, Japan, South Korea, Indonesia, Australia, Singapore, Thailand, Malaysia, Sri Lanka and rest of APAC
  • Latin America Dermacosmetics Market (LATAM)
    • By product
    • By treatment
    • By distribution channel
    • By end user
    • By country – Brazil, Mexico, Argentina, Chile, Colombia, Ecuador and rest of LATAM
  • Middle East and Africa (MEA) Dermocosmetics Market
    • By product
    • By treatment
    • By distribution channel
    • By end user
    • By Country – Saudi Arabia, UAE, South Africa, Israel, Egypt, Kuwait and Rest of MEA

Browse other related reports

Skin Care Device Market Report – P&S Intelligence cites this continued increase in the volume of cosmetic procedures while forecasting that the skin care device market revenue will reach $ 28,157.2 million in 2020, from $ 9,531.9 million in 2019, with a 11% CAGR between 2020 and 2030.

India Dermacosmetics Skin Care Market – The Indian skin care dermacosmetics market has witnessed the highest growth in North India in recent years and this trend is expected to continue in the years to come.

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