Global Dermocosmetics Skin Care Products Market Size To Worth USD 116.3 Billion By 2033 | CAGR OF 7.54%
Category: Consumer GoodsGlobal Dermocosmetics Skin Care Products Market Size To Worth USD 116.3 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Dermocosmetics Skin Care Products Market Size is Expected to Grow from USD 56.2 Billion in 2023 to USD 116.3 Billion by 2033, at a CAGR of 7.54% during the forecast period 2023-2033.
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Browse key industry insights spread across 189 pages with 110 Market data tables and figures & charts from the report on the "Global Dermocosmetics Skin Care Products Market Size, Share, and COVID-19 Impact Analysis, By Application (Anti-Aging, Skin Brightening, Hair & Scalp Care, Baby Care, Sun Care, Anti-Stretch Mark, Lip Care, and Others), By Distribution Channel (Online, Pharmacy & Drug Stores, Supermarket & Hypermarkets, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/dermocosmetics-skin-care-products-market
The increasing importance of the skincare regime and major product innovations in the formulation and formats of dermocosmetics products, including skin brightening, anti-aging, and other products, are also further expected to add to the growth of the industry. The factors to drive the market include damage to the skin's collagen and elastin by UV radiations, free radicals, pollution, stress, and eating disorders, thereby providing an immense business opportunity for dermocosmetics products, especially amongst working professionals. Strong demand for customized skin and scalp & hair care products coupled with significant investments by several large manufacturers of cosmetics as well as pharmaceutical companies in the development of new, innovative solutions for skin care are key growth drivers for the industry. Also, there is a growing demand for formulations that are tolerable and safer and have proven efficacy due to increased concerns about skin and hair health. However, the harmful chemicals that cosmetic products contain would limit growth in the forecast period as they create side effects. Dermocosmetic products are sometimes allergic to specific types of skin.
The hair & scalp care segment is predicted to hold the greatest market share through the forecast period.
Based on the application, the dermocosmetics skin care products market is classified into anti-aging, skin brightening, hair & scalp care, baby care, sun care, anti-stretch mark, lip care, and others. Among these, the hair & scalp care segment is predicted to hold the greatest market share through the forecast period. Shampoos, conditioners, and serums are currently the most widely used personal care products in the dermocosmetic skin care products market, which is the reason for the segmental growth. Hair fall and loss are the primary factors propelling the market's expansion.
The pharmacy & drug store segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the distribution channel, the dermocosmetics skin care products market is divided into online, pharmacy & drug stores, supermarket & hypermarkets, and others. Among these, the pharmacy & drug store segment is anticipated to hold the greatest market share during the projected timeframe. Many customers still prefer to physically browse and purchase products in stores, which is responsible for the segment's growth. This is especially true for skincare products, which require a customized assessment of the customer's needs and skin type.
Europe is estimated to hold the largest share of the dermocosmetics skin care products market over the forecast period.
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Europe is estimated to hold the largest share of the dermocosmetics skin care products market over the forecast period. Notable trends in this region include rising consumer awareness of skincare regimens and the growing demand for multipurpose dermocosmetics skin care products with added benefits like anti-aging or sun protection.
Asia Pacific is predicted to have the highest CAGR growth in the dermocosmetics skin care products market over the forecast period. The target population in the area is growing, which is the reason for this growth. Growing markets like China and India have led to a rise in the use of dermocosmetics due to the introduction of new products and an increase in issues like UV radiation, skin aging, and various skin conditions.
Major key players in the dermocosmetics skin care products market include Procter & Gamble, L’Oreal Groupe, Unilever, Johnson & Johnson Services, Inc., Shiseido Co., Limited, Amorepacific, Beiersdorf, Kanebo Cosmetics Inc., Avon Products, Inc., Lotus Herbals Pvt. Ltd., VLCC Health Care Limited, Himalaya Global Holdings Ltd., Others
Recent Developments
- In April 2023, the Pierre Fabre group acquired the MEME brand by Judith Levy Keller and Juliette Couturier. It is the first French dermo-cosmetic brand for patients experiencing the side effects of cancer treatments.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the dermocosmetics skin care products market based on the below-mentioned segments:
Global Dermocosmetics Skin Care Products Market, By Application
- Anti-Aging
- Skin Brightening
- Hair & Scalp Care
- Baby Care
- Sun Care
- Anti-Stretch Mark
- Lip Care
- Others
Global Dermocosmetics Skin Care Products Market, By Distribution Channel
- Online
- Pharmacy & Drug Stores
- Supermarket & Hypermarket
- Others
Global Dermocosmetics Skin Care Products Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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