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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