Global Dermocosmetics Market is Fueled by Skincare Segment During the Forecast Period
Increasing skin-related
issues, growing consumer spending on skincare and hair care products, and the
growing varieties of product launches by the companies are the certain factors
driving the Global Dermocosmetics Market.
According to the
TechSci Research report, “Dermocosmetics Market– Global Industry Size, Share,
Trends, Competition, Opportunity, and Forecast, 2018-2028F” The Global Dermocosmetics Market
is expected to propel during the forecast period, owing to the factors such as, growing number of product launches, utilizing
unique formulas in the production of products, and increasing consumer spending
on their physical appearance.
Dermocosmetics is a line of
skincare products that utilize active ingredients to treat a variety of skin
issues while promoting overall health and beauty. Dermocosmetics offers a
variety of skincare products, including anti-aging, skin-brightening, hair
& scalp care, and sun care for the treatment. Additionally, the demand for
personalized beauty products is expanding, along with the creation of new and
improved skincare products, and significant investments from several big
pharmaceutical and cosmetic corporations.
Moreover, dermocosmetics
industry revenue is growing due to rising consumer spending on these products,
as consumers are becoming more self-conscious regarding their physical appearances.
Additionally, it is
anticipated that the most effective approach to buy products is through
online shopping platforms. These platforms are believed to have a significant
impact on the performance of the dermocosmetics industry over the course of the
forecast period. Additionally, environmental factors including pollution and
other skin-harming elements are responsible for the dermocosmetics
industry's growth. As consumer attitude towards healthy living and long-term
skin care shift, an increase in the demand for products is projected. These
reasons are likely to increase demand for dermocosmetics over the estimated
period.
The dermocosmetics industry
may experience revenue growth challenges due to a lack of consumer knowledge
and dangerous chemical compounds. Also, dermocosmetic products are expensive in
comparison to general skin care and hair care products which restraints the
global dermocosmetics market during the forecast period.
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The Global
Dermocosmetics Market is segmented based on product type, treatment type,
end-user, distribution channel, region, and competitive landscape.
Based on product type, the
market is segmented into skincare and haircare. Among these, the skincare
segment has a significant share in the market during the forecast period due to
growing the availability of products and rising the number of skin-related
problems, consumer spendings on their physical appearance, and standard of
living of consumers.
Based on treatment type, the
market is segmented into skin and hair. Among these, the skin treatment type segment
has a significant share in the market during the forecast period which includes
anti-aging, acne-treatment, and others. The skin treatment type is fastest
growing due to the rising the number of skin-related issues among the younger
generation across the globe and increasing trend of purchasing cosmetics
products among the younger generation to enhance their skincare routine.
Based on distribution channels,
the market is segmented into pharmacy & drug stores, online, and non-retail.
Among these, the online segment is the fastest-growing segment in the market
during the forecast period due to the growing usage of internet and e-commerce
websites by the consumers and increasing presence of various brands on online
platforms. Hence, in the years ahead, these factors are anticipated to fuel the
sub-revenue of this segment's growth.
Key market players operating in
the dermocosmetics market include:
- The Procter &
Gamble Company
- L’Oréal S.A
- Unilever PLC
- Johnson &
Johnson Services, Inc.
- The Avon Company
- Bausch Health
Companies Inc.
- Galderma SA
- Kanebo Cosmetics
Inc.
- Beiersdorf AG
- AMOREPACIFIC US,
Inc.
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“An increase in consumer
spending on their physical appearance as well as a growing preference of online
shopping and increasing skin related issues such as acne, wrinkles, dark
circles, etc. among the population are driving the market growth of
dermocosmetics worldwide. Customers are preferring to invest more on skin
protection and radiance by utilizing these products to lessen the appearance of
aging, dark circles, and fine lines. The urge to preserve good skin by using
cosmetics like creams, lotions, toners, and serums has increased with an
increase in awareness among people regarding health and skin benefits and
harmful chemicals included in general cosmetic products. These factors are
anticipated to further accelerate the market growth during the forecast period.”
said Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Dermocosmetics
Market– Global Industry Size, Share, Trends, Opportunity, and Forecast,
2018-2028F Segmented By Product Type (Skincare (Cream, Lotion, Cleanser,
Others), Haircare (Shampoo, Conditioner, Oil, Others)), By Treatment Type (Skin
(Anti-Aging, Acne-Treatment, Others), Hair (Anti-Dandruff, Anti-Hair Fall, Hair
Repair, Others)), By End-User (Clinics, Spas & Salons, Hospitals, At Home),
By Distribution Channel (Pharmacy & Drug Stores, Online and Non-Retail), By
Region, By Company, has evaluated the future growth potential of dermocosmetics
globally and provides statistics and information on
market structure, size, share, and future growth. The report provides
cutting-edge market intelligence and helps decision-makers to make sound
investment decisions. Besides, the report also identifies the emerging trends
along with essential drivers, challenges, and opportunities present in the
market of dermocosmetics globally.
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