Global Dermocosmetics Skin Care Products Market Insights Forecasts to 2033

• The Global Dermocosmetics Skin Care Products Market Size was Valued at USD 56.2 Billion in 2023
• The Market Size is Growing at a CAGR of 7.54% from 2023 to 2033
• The Worldwide Dermocosmetics Skin Care Products Market Size is Expected to Reach USD 116.3 Billion by 2033
• Asia Pacific is Expected to Grow at the fastest CAGR during the forecast period.

The Global Dermocosmetics Skin Care Products Market Size is Anticipated to Exceed USD 116.3 Billion by 2033, Growing at a CAGR of 7.54% from 2023 to 2033.  

Market Overview

Skin health can be restored with dermocosmetic products, which are specially formulated. They offer protection against both the numerous stresses of modern life and aging skin naturally. The primary aim of these products is to provide effective alternatives to dermatologist-prescribed treatments for skin conditions. Strong demand for customized skin and scalp & hair care products and heavy investments by several large manufacturers of cosmetics and pharmaceutical companies in the development of new and innovative solutions for skin care are some of the factors contributing to growth in the industry. The rising importance of the skincare regime and significant product innovations in the formulation and formats of dermocosmetics products, such as skin brightening, anti-aging, and other products, are also further expected to contribute to the growth of the industry. Food and Drug Administration releases new features for cosmetic products that will strictly regulate the market and oversee the market.

Report Coverage

This research report categorizes the dermocosmetics skin care products market based on various segments and regions, forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the dermocosmetics skin care products market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the dermocosmetics skin care products market.

Driving Factors

The more complex the dermatological product is formulated, the multi-tasking with a more holistic approach is ensured while understanding the root cause of the skin problem and coming up with a solution that is driving the market. The factors that drive the market include damaged skin collagen and elastin by UV radiations, free radicals, pollution, stress, and eating disorders, which create a business opportunity for dermocosmetics products, especially among working professionals. Also, there is an increased demand for tolerable and safer formulations with proven efficacy due to growing concerns about skin and hair health.    

Restraining Factors

The side effects of cosmetic products due to the dangerous chemicals they contain would limit growth in the forecast period. Dermocosmetic products sometimes cause allergic reactions to specific types of skin. Professional advice should be sought before using these products that may lead to skin irritation, itching, and redness. Some of the allergic reactions include. Such product usage for a very long time tends to weaken one's immune system. There is no guidance on how to apply the product, resulting in improper application and sometimes poor-looking conditions like thinning and hair loss, among many other hair conditions.

Market Segmentation

The dermocosmetics skin care products market share is classified into application and distribution channel.  

• The hair & scalp care segment is estimated to hold the largest market share through the projected 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 estimated to hold the largest market share through the projected period. The segmental growth is due to the dermo-cosmetic skin care products market's most popular personal care items in use are shampoos, conditioners, and serums. All these products are said to eradicate dry hair, dull hair, dandruff, and hair fall. The main issues that are driving growth in the market are hair loss and hair fall.

• The pharmacy & drug store segment is anticipated to hold the largest market share through the forecast period.

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 stores segment is anticipated to hold the largest market share through the forecast period. The segmental growth is attributed to the fact that a lot of customers still like to physically peruse and buy products in stores, particularly when it comes to skincare products that need a customized evaluation of the customer's skin type and needs.     

Regional Segment Analysis of the Dermocosmetics Skin Care Products Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Europe is anticipated to hold the largest share of the dermocosmetics skin care products market over the predicted timeframe.

Europe is anticipated to hold the largest share of the dermocosmetics skin care products market over the predicted timeframe. Europe accounts for about one-third of the global income generated by the dermocosmetics skin care products market. Notable trends in this region include the growing demand for multipurpose dermocosmetics skin care products with extra benefits like anti-aging or sun protection, as well as an increase in consumer knowledge of skincare routines.   

Asia Pacific is expected to grow at the fastest CAGR growth in the dermocosmetics skin care products market during the forecast period. This growth is because the target population in the region is increasing. The growing markets like India and China have increased utilization of dermocosmetics because of new product launches and increasing problems like harmful UV rays, aging of skin, and several skin conditions. This factor positively influences the growth in the Asia Pacific region.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the dermocosmetics skin care products market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Procter & Gamble
• LOreal 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

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In November 2023, LOreal launched the dermatological beauty division in India with the name CeraVe, one of the most popular brands globally.

• In September 2023, ISDIN was named the 37th America's Cup official sun protection brand. The competition will be held in Barcelona in 2024. As part of its global sun protection awareness campaign, the company will offer sun protection services to both the regatta participants and the audience.

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