PUBLISHER: Allied Market Research | PRODUCT CODE: 1140002
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140002
The global dermocosmetics market is envisioned to garner $13, 0460.6 million by 2030, growing from $51,100 million in 2021 at a CAGR of 11.1% from 2022 to 2030.
Cosmetics and dermatology are two medical streams that are combined together to form dermocosmetics. All cosmetics products that may be applied to the skin or hair and that address particular skin issues such as dry skin, oily skin, skin ailments including acne, pimples, blemishes, marks, and others are referred to as dermacosmetics. Need of cosmetics in skin care is majorly due to rising awareness regarding its effectiveness and technological advancements in the industry are expected to have a significant impact on demand for dermacosmetics in the years to come.
Consumers are becoming more self-conscious about their appearance as it enhances their personality. In order to lessen the effects of aging, wrinkles, acne, and fine lines, they are increasingly preferring to spend more money on protecting and whitening their skin by using various dermocosmetic products. Furthermore, the trend towards shopping on e-commerce websites is projected to be essential for the performance of the skincare dermacosmetics market throughout the forecast period, due to customers' busy lifestyles and adopting most convenient ways to buy through online channel. Cosmetic products contain chemical compounds which can have a variety of negative effects on skin. Manufacturing businesses have used cutting-edge techniques to boost sales of their cosmetics items, such as introduction of new products with all-natural ingredients and attractive packaging. In the forecast, these factors are projected to accelerate the market revenue growth.
The majority of industries were shut down as a result of the COVID-19 pandemic. Import and export interruption, supply chain issues, and shutting down of several manufacturing facilities resulted in delaying the manufacturing of new products. Due to dermocosmetics' effectiveness in maintaining a healthy skincare routine during the pandemic, dermocosmetics witnessed a little boost in demand. Due to the lockdown in several countries, people were unable to continue their therapy appointments. As a result, they were able to continue practicing skincare using dermacosmetics at home itself.
Additionally, dermotologists started conducting online consultations, due to the restriction and guidelines provided by various governments. However, during the pandemic, high product costs and a change in consumer tastes restricted the market growth.
The key players profiled in the dermocosmetics market report include Johnson & Johnson, Bausch Health Companies Inc., Galderma, Procter & Gamble, AbbVie, L'Oreal, Beiersdorf, Kanebo Cosmetics Inc., Estee Lauder Companies, Shiseido Company, and ZO Skin Health Inc.
Key Benefits For Stakeholders
Key Market Segments
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