Global Dermacosmetics Market Expected to Garner a Revenue of $130,460.6 Million and Rise at a CAGR of 11.1% over the Estimated Timeframe 2022-2030 [350-Pages] | Research Dive
The global dermacosmetics market is expected to see striking growth by 2030, due to the increasing awareness among individuals about skincare, hair care, and skin-related issues. The Asia-Pacific region is predicted to be the fastest-growing.
NEW YORK, July 29, 2022 /PRNewswire/ -- Research Dive has added a new report to its offering titled, "Dermacosmetics Market by Product (Hair Care and Skincare), Treatment (Hair and Skin), Distribution Channel (Pharmacy & Retail Stores and Online), End-use (Hospitals, Medical Salons, Medical Spa, and Clinic), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2030".
According to the report, the global dermacosmetics market is anticipated to generate a revenue of $130,460.6 million and grow at a CAGR of 11.1% during the estimated period from 2022 to 2030.
Dynamics of the Dermacosmetics Market
With the growing awareness among people about skincare, hair care, and skin-related issues, the dermacosmetics market is expected to experience a remarkable growth during the estimated timeframe. Besides, the increasing prevalence of skin-related diseases among people due to increasing pollution worldwide is predicted to magnify the growth of the market over the analysis period. Moreover, the increasing demand for hair and skin treatments among individuals due to unhealthy lifestyles and lack of nutrition in the body is expected to create wide growth opportunities during the forecast period. However, the allergic reactions caused by dermacosmetics may hamper the growth of the market throughout the analysis period.
Avail the PDF Sample of Dermacosmetics Market (Including Tables, TOC, and Figures)
Covid-19 Impact on the Dermacosmetics Market
The rise of the Covid-19 pandemic has had a negative impact on the dermacosmetics market, likewise in various other industries. Due to the strict restrictions imposed by the governments of many nations, the international boundaries were sealed. This led to a shortage of raw materials for the manufacturing of skincare products. Furthermore, the complete lockdown for a prolonged period has caused huge manufacturing failures, because of which the companies were unable to fulfill the demand of customers and canceled orders for unexpected delays. All these factors have declined the growth of the market during the period of crisis.
Why Post COVID-19 has Hugh Demand for Dermacosmetics Market? Get in touch with an Expert Analyst
Segments of the Dermacosmetics Market
The report has divided the market into segments based on product, treatment, distributional channel, end-use, and region.
- By product, the skincare sub-segment is expected to be the most profitable and is projected to generate a revenue of $80,894.5 million over the analysis period. The increasing development of new skin care products for taking care of skin neck, elbows, and knees is predicted to fortify the growth of the market sub-segment during the forecast period.
- By treatment, the skin treatment sub-segment is expected to be most productive and is predicted to garner a revenue of $80,447.5 million during the estimated period. The increasing number of people opting for skin regeneration laser therapy, laser refreshing, and botox is predicted to amplify the growth of the market sub-segment over the analysis timeframe.
- By distribution channel, the pharmacy and retail store sub-segment is expected to be most lucrative and is projected to generate a revenue of $85,736.4 million during the forecast timeframe. The increasing popularity of pharmacies and retail store in the developing and developed regions due to increased urbanization, and competitive pricing is expected to augment the growth of the market sub-segment during the estimated period.
- By end-use, the hospital sub-segment is predicted to be most beneficial and is projected to generate a revenue of $71,084.5 million over the estimated period. The increasing popularity of online medical appointment bookings and the rising need for skin and hair care services is expected to upsurge the growth of the market sub-segment during the forecast period.
- By region, the Asia-Pacific region of the dermacosmetics market is expected to have wide growth opportunities and is predicted to grow at a healthy CAGR of 12.2% during the analysis timeframe. The growing population in this region, increasing frequency of skin problems, and rising number of consumers spending on skin care are the factors expected to drive the regional growth of the market over the forecast period.
Key Players of the Dermacosmetics Market
The major players of the dermacosmetics market include
- Procter & Gamble
- Johnson & Johnson Services
- Galderma
- Shiseido Company
- Kanebo Cosmetics Inc.
- L'Oréal
- ZO Skin Health Inc.
- Beiersdorf
- Estée Lauder Companies
- Bausch Health Companies Inc.
- Abbvie, and many more.
These players are widely working on the development of new business strategies such as mergers and acquisitions, partnerships and collaborations, and product development to obtain a leading position in the global industry. – Buy the Full Report here starting at $2999 (Read-Only)
For instance, in December 2021, L'Oréal, a French personal care company, signed an agreement to acquire Youth to the People, an American skincare company. With this acquisition, the companies planned to develop and market high-performance skincare products combined with premium vegan blends of seafood extracts and science for consumers worldwide.
Further, the report also summarizes other important aspects including the financial performance of the key players, SWOT analysis, product portfolio, and the latest strategic development.
More about Dermacosmetics Market:
- Global Dermacosmetics Market to Observe Exponential Growth with Rising Awareness about Skin Health Worldwide
- Why are Dermacosmetics Better than OTC Skincare Products?
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