Chemical Peel Market Forecasts to 2030 – Global Analysis By Product Type (Salicylic Acid Peel, Pigment Balancing Peel, Trichloroacetic Acid Peel, Vitalize Peel and Other Product Types), Type, Application, End User and By Geography

Chemical Peel Market Forecasts to 2030 – Global Analysis By Product Type (Salicylic Acid Peel, Pigment Balancing Peel, Trichloroacetic Acid Peel, Vitalize Peel and Other Product Types), Type, Application, End User and By Geography

According to Stratistics MRC, the Global Chemical Peel Market is accounted for $2.03 billion in 2023 and is expected to reach $3.37 billion by 2030 growing at a CAGR of 7.5% during the forecast period. Chemical peels are cosmetic treatments in which a chemical solution is applied to the skin, causing the skin's outermost layer to exfoliate and peel off. A smoother, cleaner, and more youthful appearance may be obtained as a result of this procedure, which encourages skin renewal. In clinical settings, chemical peels are often applied by dermatologists, plastic surgeons, or certified skincare specialists. These experts evaluate the patient's skin condition, pick the ideal peel, and supervise the treatment. There is a market for at-home chemical peel products even though professional chemical peels deliver the most notable effects.

According to a 2019 report published by the American Society of Plastic Surgeons, a total of 1,387,607 procedures were performed for chemical peel alone in the U.S.

Market Dynamics

Driver

Increased aging population

The market for chemical peels is significantly and favourably impacted by the aging population, the need for therapies that address the outward indications of aging and support people in maintaining healthier, more youthful-looking skin is increasing as the world's population ages. Age spots, uneven skin tone, and UV damage can all result from prolonged exposure to the sun; these problems can be successfully treated with chemical peels. Moreover, people tend to become more knowledgeable and proactive about their skincare as they age. Interest in these procedures is greatly influenced by patient education and understanding of chemical peels.

Restraint

Complexity of treatment

Complex chemical peeling procedures must be administered by trained, experienced specialists to be done safely and successfully. This may make the therapy less accessible, especially in places where there aren't enough trained medical professionals. Chemical peel treatments can be complicated, which may dissuade new vendors from joining the market. This operation might be time-consuming and expensive, and dermatologists and estheticians must undergo specific training in order to provide them. When performed incorrectly, the intricacy of chemical peels, especially deep peels, raises the risk of problems. Scarring, pigmentation problems, or inconsistent outcomes are a few examples of these that may discourage patients from pursuing therapy.

Opportunity

Increased awareness of skincare

Chemical peels have emerged as a tempting choice for addressing a variety of skin issues as people become more knowledgeable about the significance of skincare and the many treatments available. To treat a range of issues, more individuals are turning to expert skincare solutions and are encouraged to prioritize skin health via education on skincare. An emphasis on anti-aging is frequently included with increased knowledge of skincare. In order to address fine lines, wrinkles, age spots, and other aging symptoms, people are more prone to investigate treatments like chemical peels. With greater knowledge, people are more inclined to see dermatologists, aestheticians, or other skincare experts to determine their particular skincare needs.

Threat

Availability of alternative treatments

Patients looking for non-surgical cosmetic procedures may face competition, other therapies like skincare products, injectable, laser therapy, or microdermabrasion are available, and patients may choose substitutes they believe to be less intrusive or more practical. Many patients favour minimally invasive procedures that require little or no recovery time. Alternatives frequently take into account this desire, possibly guiding patients away from chemical peels and the ensuing recuperation times. When it comes to skincare procedures, patients have a variety of preferences some may appreciate the long-term advantages of chemical peels, while some may place more importance on the quick results offered by alternatives which impedes the market.

Covid-19 Impact

Many dermatological offices and cosmetic clinics had to close during the pandemic's early stages or restrict their services to emergencies exclusively. Consumer expenditure on elective operations, such as chemical peels, was decreased as a result of economic instability and employment losses brought on by the epidemic. Many others postponed or cancelled their appointments for skincare. The epidemic increased worries about hygienic practices and security in healthcare facilities and strict sanitary regulations had to be put in place by dermatological offices and aesthetic clinics, which affected patients' willingness to seek out in-person treatments which hampered the growth of the market.

The salicylic acid peel segment is expected to be the largest during the forecast period

The salicylic acid peel segment is estimated to have a lucrative growth, as these salicylic acid peel is a chemical peel utilized in the cosmetics and dermatology industries. A chemical solution is applied to the skin during a chemical peel, which causes the skin to exfoliate and finally peel off. Furthermore, due to the fact that salicylic acid is oil-soluble, it may easily penetrate pores and dissolve sebum and other pollutants, Blackheads and whiteheads can be treated with the aid of this. Dermatologists or other trained skincare specialists frequently use salicylic acid peels. Based on a person's unique skin issues and requirements, the therapy is tailored. Depending on the targeted outcomes and the patient's skin type, the salicylic acid concentration and depth of the peel may change.

The hyperpigmentation segment is expected to have the highest CAGR during the forecast period

The hyperpigmentation segment is anticipated to witness the highest CAGR growth during the forecast period, as it is one of the treatment choices for those seeking to lessen or get rid of hyperpigmentation problems dark patches or spots on the skin brought on by an excessive production of melanin involves chemical peels. To address unique skin types, tones, and hyperpigmentation concerns, dermatologists and skincare specialists frequently develop individualized treatment programs that may involve chemical peels. This enables more specialized solutions and better outcomes. To match the degree of hyperpigmentation, the chemical peel's depth and intensity can be changed and they may be utilized for obstinate or deeply embedded hyperpigmentation, whereas superficial peels are frequently used for moderate instances.

Region with largest share

North America is projected to hold the largest market share during the forecast period as acne, followed by hyperpigmentation, melasma, and solar dermatitis as the most prevalent skin conditions, is one of the many aging and skin-related problems that people in North America often deal with. Acne affects over 50 million individuals worldwide each year. As a result, people frequently choose chemical peels as a quick, simple, and economical method of addressing all these issues. Skin cancer is the most prevalent skin condition affecting Canadians, followed by rosacea, psoriasis, and acne, which is the fourth most prevalent condition. People typically choose a chemical peel technique to get rid of acne since it is less expensive and time-consuming than other treatments.

Region with highest CAGR

Asia Pacific is projected to have the highest CAGR over the forecast period, owing the companies from all over the world which have been launching several cosmetic and personal care products in Asia Pacific, with Japan and South Korea seeing the most releases. In nations like Japan, China, and South Korea, where the population is quickly getting older, aging is a huge problem. As a result, these nations are attracting businesses that make anti-aging goods. Additionally, the younger generation in Asia Pacific nations has begun to take timely anti-aging procedures to seem young and vibrant. They are starting to be more conscious of the condition of their skin thus enhancing the market growth in this region

Key players in the market

Some of the key players profiled in the Chemical Peel Market include Galderma, Sinclair Pharma, IMAGE SKINCARE, Valeant Pharmaceuticals, Allergan, Johnson & Johnson, La Roche-Posay, Medytox, Revitacare, Qufu GuangLon, Skin-Peel, Syneron Medical, VisionMed, Teoxane, SciVision Biotech, Proderma Light, Laboratory ObvieLine, Hangzhou Techderm Biological Products Lasermed, The Ordinary, Loreal, Renee Rouleau, Juvenil Essence and Sovereign Skin

Key Developments

In October 2023, Galderma announces launch in the UK and direct distribution and expansion in Canada. Following a successful launch and growth story in the United States and Canada and more recently in Mexico

In September 2023, Galderma, the emerging pure-play dermatology category leader, announces the launch of another scientific innovation, C-RADICAL Defense Antioxidant Serum, powered by a proprietary encapsulated Vitamin C (Sodium Ascorbate) and 14 vital antioxidants that provide a new option in antioxidant serums.

In May 2023, AbbVie Inc. Completes Acquisition of Allergan plc, this announcement contains certain forward-looking statements, including with respect to the acquisition involving AbbVie and Allergan.

Product Types Covered
• Salicylic Acid Peel
• Pigment Balancing Peel
• Trichloroacetic Acid Peel
• Vitalize Peel
• Fruit Peel
• Lactic Peel
• Glycolic acid
• Beta-Hydroxy Acid (BHA) & Alpha-Hydroxy Acid (AHA) Peel
• Mandelic Acid Peel
• Rejuvenize Peel
• Retinol Peels
• Other Product Types

Types Covered
• Superficial or Light Peel
• Medium Peel
• Deep Peel

Applications Covered
• Hyperpigmentation
• Skin Brightening
• Wrinkles
• Acne Spots
• Fine Lines
• Scars
• Dark Circles
• Other Applications

End Users Covered
• Hospitals
• Med Spas
• Dermatology Clinics
• Other End Users

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements