Dermocosmetics Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Dermocosmetics Market
The global dermocosmetics market size was valued at USD 35.77 billion in 2022 and is projected to grow from USD 39.95 billion in 2023 to USD 77.51 billion by 2030, exhibiting a CAGR of 9.9% during the forecast period of 2023-2030.
The COVID-19 pandemic expanded the dermocosmetics marketplace because customers focused on skincare and cared all through the restriction measures. Thanks to the rise in health and sanitation concerns, many individuals started ordering their skincare needs online, which redirected shopping behavior and hindered the dermocosmetics market growth.
The dermocosmetics market is driven by elevated cognizance of skin fitness, a growing call for merchandise focused on unique pores and skin troubles, and tremendous R&D investments principal to modern formulations. Social media impact and the growth of online retailing decorate product accessibility, even as fashion moves closer to herbal and natural ingredients, further boost market increase.
Personalized skin care is a developing trend inside the dermocosmetics market, pushed using technological advancements and a focal point on man or women's desires. Genetic trying out is used to become aware of particular skin sorts and issues, considering more excellent focused skincare recommendations, expanding the dermocosmetics market share globally. This customized technique allows the development of tailored skincare exercises that address a person's requirements, ensuring the most excellent pores and skin health and addressing precise worries correctly.
Comprehensive Analysis of Dermocosmetics Market
The dermocosmetics market is broken up into pores and pores and skin care and hair care segments, with skincare mainly due to heightened attention to pores and pores and skin disorders and progressive product launches. The skin care section includes anti-getting older, pores and skin whitening, sun safety, and zits treatment, even as hair care specializes in anti-hairfall and anti-dandruff merchandise. Distribution is generally through pharmacies and drug shops, which dominate the marketplace, with online sales anticipated to develop substantially due to convenience. Super and hypermarkets account for the most minor proportion of the market.
The Asia Pacific region led the dermocosmetics market by benefitting a size of USD 14.38 billion in 2022 due to a substantial population embracing pores and skin and hair care merchandise and the growing presence of fundamental players throughout numerous countries.
The leading players in the dermocosmetics market significantly impact its growth trajectory and establish industry standards. Key players such as Pierre Fabre Group (France), L’Oréal (France), Coty Inc. (U.S.), Puig (Spain), Johnson & Johnson Services, Inc. (U.S.), Colgate-Palmolive Company (U.S.), Procter & Gamble (U.S.), Beiersdorf AG (Germany), and Unilever (U.K.) contribute to a competitive landscape, fostering innovation and advancing the market.
In October 2023, Nykaa collaborated with Uriage Dermatological Laboratories to release its modern-day skin care products in the Indian market.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2017-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2017-2021
Growth Rate CAGR of 9.9% from 2023-2030
Unit Value (USD Billion)
Segmentation By Type
Skin Care
Anti-Aging
Skin Whitening
Sun Protection
Acne Treatment
Others
Hair Care
Anti-Hairfall
Anti-Dandruff
Others
By Distribution Channel
Pharmacies/ Drug Stores
Online Stores
Others
By Region
North America (By Type, Distribution Channel, and Country)
U.S. (By Type)
Canada (By Type)
Europe (By Type, Distribution Channel, and Country/Sub-Region)
Germany (By Type)
U.K. (By Type)
France (By Type)
Italy (By Type)
Spain (By Type)
Scandinavia (By Type)
Rest of Europe (By Type)
Asia Pacific (By Type, Distribution Channel, and Country/Sub-Region)
China (By Type)
India (By Type)
Japan (By Type)
Australia (By Type)
Southeast Asia (By Type)
Rest of Asia Pacific (By Type)
Latin America (By Type, Distribution Channel, and Country/Sub-Region)
Brazil (By Type)
Mexico (By Type)
Rest of Latin America (By Type)
Middle East & Africa (By Type, Distribution Channel, and Country/Sub-Region)
GCC (By Type)
South Africa (By Type)
Rest of the Middle East & Africa (By Type)
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