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Dermacosmetics Market Report

RA08349

Dermacosmetics Market by Product (Skincare and Haircare), Treatment (Skin and Hair), and Distribution Channel (Pharmacy & Retail Stores and Online), End User (Clinics, Medical Spas &Salons, Hospitals, and At-home), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2027

RA08349

Pages: 348

Feb 2021

COVID-19

pandemic has shown to have an enormous impact on most
industries.

Click Here to access our comprehensive analysis of the

Impact of covid-19 on Dermacosmetics Market

According to a new study by Research Dive, the global dermacosmetics market forecast is predicted to reach $76,839.5 million by 2027, at a CAGR of 5.8% increasing from $48,944.0 million in 2019. Asia-Pacific dominated the global dermacosmetics market size in 2019 and is estimated to reach up to $32,203.8 million by 2027.

COVID-19 Impact on the Global Dermacosmetics Market:

The novel coronavirus pandemic is expected to impact the global dermacosmetics market negatively owing toa sharp fall in demand for dermacosmetic products. However, some of leading players have preemptively adopted several tactics like new product launches to sustain their position in the overall industry. For example, in June 2020, Bausch, a global company engaged in healthcare products manufacturing, launched ARAZLO (tazarotene) lotion in the U.S. through its dermatology healthcare business segment Ortho Dermatologics. This product is now commercially available for healthcare professionals across the U.S. and this product has been approved by U.S. FDA in December 2019. ARAZLO is the first product that helps in tazarotene acne treatment available in lotion formulation. These aspects had a considerable impact on the global dermacosmetics market in the lockdown period.

Dermacosmetics Market Analysis:

Technical advancements in personal care products is a major driving factor for the growth of the dermacosmetics market

The continuous technical advancements in the dermacosmetics sector to produce advanced products based on user customization and personalization is projected to impel the market growth in the forecast years. Some of the leading market players are focusing on new technology developments and new product launches by investing into research & innovation activities to produce innovative products. For instance, in October 2020, Shiseido established a new technology called Lymphatic Vessel Visualization Technology for the visualization of lymphatic vessels of human skin. The company designed this technology by studying several phenomena that happen inside the human skin and subcutaneous tissues. Through this technology, it is possible to study the structure of the human skin and provide effective solutions for skin problems by evaluating the relationship between skin and body functions on the basis of lymphatic and blood vessels. Such developments are estimated to boost the growth of the dermacosmetics market in the forecast years.

To know more about dermacosmetics market drivers, get in touch with our analysts here.

Possible side effects associated with skincare products is a major restraint for the growth of the dermacosmetics market

Complexities and side effects related to the utilization of dermacosmetics are further predicted to limit the market growth in the forecast years. Hazardous chemicals and toxic ingredients, sometimes carcinogenic, are used in dermacosmetics, which may harm the users. This factor is predicted to have an adverse impact on the utilization of dermacosmetics.

Growing adoption of novel technologies is anticipated to be a significant opportunity for the growth of Dermacosmetics market

Adoption of nanotechnology in personal care formulations is currently the hottest innovation area in dermacosmetics industry. Dermacosmetics’ manufacturers are using nano-scale ingredients to deliver advanced products that can provide better protection against UV radiation and enhanced quality & long-lasting effects of the products. This aspect is estimated to boost the opportunities for the dermacosmetics market growth in the near future.

To know more about dermacosmetics market opportunities, get in touch with our analysts here.

Dermacosmetics Market, by Product:

Skincare products generated a high market share in 2019

Dermacosmetics Market, by Product

Source: Research Dive Analysis 

The skin care products sub-segment accounted for largest share in 2019, which was about 62.7% and is estimated to maintain its dominance over the market size throughout the forecast time. This growth was majorly owing to rising prevalence of skin disorders due to pollution and change in lifestyle Manufacturers are offering variety of products such as sunscreens, body lotions, anti-aging creams, and skin brightening lotions due to rise in demand for skin care products. These aspects are predicted to impel growth of the industry in the review time.

Dermacosmetics Market, by Treatment:

Skin treatment sub-segment accounted for the highest market size in 2019

Dermacosmetics Market, by Treatment

Source: Research Dive Analysis 

The global dermacosmetics market for skin treatment accounted for the highest market size. It was over $30,685.4 million in 2019 and is estimated to continue its rise over the global market throughout the forecast time. This growth will be majorly owing to high adoption of skin-based dermacosmetics products by consumers because skin changes with aging. The increasing customer frequency to adopt rejuvenation of skin with treatment procedures to enhance their skin appearance is a driving factor for the market players to launch advanced products.

Dermacosmetics Market, by Distribution Channel:

Pharmacy & retail store accounted for the largest market share in the past years

Dermacosmetics Market, by Distribution Channel

Source: Research Dive Analysis 

In 2019, the pharmacy & retail stores distribution channel sub-segment was the major revenue contributor of dermacosmetic market and is predicted to propel the market growth in the forecast years. Retail stores occupy a major part of the retail industry especially in the developing nations, and retailers perform various marketing functions that enable every customer to buy a variety of services and products. Retail services enhance products’ images through marketing and advertising across the globe. These aspects are majorly driving the market growth in the forecast period.

Dermacosmetics Market, by End User:

Clinics and medical spas & salons registered for an evident revenue share in 2019

Dermacosmetics Market, by End User

Source: Research Dive Analysis 

In the previous years, the dermacosmetics market for clinics, medical spas & salon sub-segment accounted for the highest market size valued at $27,480.6 million and is estimated to maintain its constant growth over the global market throughout the forecast years. This dominance over the market size is majorly owing to high utilization of dermacosmetic products in the clinics and salons across the globe. Furthermore, medical spas and salons use advanced technologies to attract clients owing to the increasing demand for skin and hair care treatment and rising dominance of online booking, which is predicted to surge the market growth in the forecast time.

Dermacosmetics Market, Regional Insights:

Asia-Pacific is expected to have vast growth opportunities for the industry players in the upcoming years

Dermacosmetics Market, Regional Insights

The Asia-Pacific dermacosmetics market was the highest revenue contributor in 2019 and is predicted to continue its steady growth with a noteworthy rate throughout the estimated period. Rise in the prevalence of skin disorders along with increasing expenditure of people on skin treatment has augmented the growth of the Asia-Pacific market in recent decades. As per OECD (Organization for Economic Cooperation and Development) estimates, Japan’s personal and beauty care spending has increased about 1.2% in 2019 compared to previous years, and South Korea’s personal spending has risen about 3.5% in 2019 compared to 2018. This growth is majorly owing to various lifestyle changes and pollution in this region.

To explore more about dermacosmetics market, get in touch with our analysts here.

Key Players in the Global Dermacosmetics Market:

Product advancements and R&D investments are most frequent strategies opted by the leading players

Key Players in the Global Dermacosmetics Market

Source: Research Dive Analysis

The global dermacosmetics market players are Johnson & Johnson Services, Inc., Bausch Health Companies Inc., Galderma, Procter & Gamble, Allergan, L'Oréal, Beiersdorf, Kanebo Cosmetics Inc., Estée Lauder Companies, Shiseido Company, and ZO Skin Health Inc.

Porter’s Five Forces Analysis for Dermacosmetics Market:

  • Bargaining Power of Suppliers: Dermacosmetics market contains huge concentration of suppliers and hence, the supplier control is estimated to be moderate, resulting in moderate bargaining power of dealers.
  • Bargaining Power of Consumers: This market has ahigh number of customers but dermacosmetics are expensive, which results in high bargaining control of customer.
  • Threat of New Entrants: This market requires high investments for products developing and manufacturing, and rising consumer demand is creating high growth prospects. These factors are delivering moderate threat of new entrants.
  • Threat of Substitutes: The easy accessibility of replacement products and high cost of dermacosmetics may result in a shift of consumers toward substitute products. These aspects are delivering moderate risk of alternative products. 
  • Rivalry Among Market Players: This market consists of significant players. These leading players are focusing on new product launches and product advancements to increase their market share. These are most frequent strategies adopted by key players, resulting in high competition in the market.

Aspect

Particulars

  Historical Market Estimations

  2019-2020

  Base Year for Market Estimation

  2019

  Forecast timeline for Market Projection

  2020-2027

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Product

  • Skincare
  • Haircare

  Segmentation by Treatment

 

  • Skin
  • Hair

  Segmentation by Distribution channel

 

  • Pharmacy and Retail Stores
  • Online

  Segmentation by End Use Industry

 

  • Clinics, Medical Spas, and Salons
  • Hospitals
  • At-Home

  Key Countries covered

U.S., Canada, Germany, UK, Italy, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, Argentina, GCC and Saudi Arabia

  Key Companies Profiled

  • Johnson & Johnson Services, Inc.
  • Bausch Health Companies Inc.
  • Galderma
  • Procter & Gamble
  • Allergan
  • L'Oréal
  • Beiersdorf
  • Kanebo Cosmetics Inc.
  • Estée Lauder Companies
  • Shiseido Company
  • ZO Skin Health Inc.

Frequently Asked Questions
 

A. The global dermacosmetics market size was over $48,944.0 million in 2019 and is further anticipated to reach $76,839.5 million by 2027.

A. Johnson & Johnson Services, Inc., L'Oréal, Allergan, and Estée Lauder Companies are some of the key players in the global dermacosmetics market.

A. Asia-Pacific region possesses great investment opportunities for the investors to witness the most promising growth in the coming years.

A. Asia-Pacific dermacosmetics market accounted for $19,382.7 million in 2019.

A. Product development and partnerships are the key strategies opted by the operating companies in this market.

A. Estée Lauder Companies, Beiersdorf, L'Oréal, Procter & Gamble, and Johnson & Johnson Services Inc. are investing more on R&D activities for developing new products and technologies.

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.Product trends
2.3.Treatment trends
2.4.Distribution channel trends
2.5.End User trends

3.Market overview

3.1.Market segmentation & definitions
3.2.Key takeaways
3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities

3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Market value chain analysis
3.9.Strategic overview

4.Dermacosmetics Market, by Product

4.1.Skincare 

4.1.1.Market size and forecast, by region, 2019 - 2027
4.1.2.Comparative market share analysis, 2019 & 2027

4.2.Haircare 

4.2.1.Market size and forecast, by region, 2019 - 2027
4.2.2.Comparative market share analysis, 2019 & 2027

5.Dermacosmetics Market, by Treatment

5.1.Skin 

5.1.1.Market size and forecast, by region, 2019 - 2027
5.1.2.Comparative market share analysis, 2019 & 2027

5.2.Hair 

5.2.1.Market size and forecast, by region, 2019 - 2027
5.2.2.Comparative market share analysis, 2019 & 2027

6.Dermacosmetics Market, by Distribution channel

6.1.Pharmacy and Retail Store

6.1.1.Market size and forecast, by region, 2019 - 2027
6.1.2.Comparative market share analysis, 2019 & 2027

6.2.Online

6.2.1.Market size and forecast, by region, 2019 - 2027
6.2.2.Comparative market share analysis, 2019 & 2027

7.Dermacosmetics Market, by End User

7.1.Clinics, Medical Spas and Salons

7.1.1.Market size and forecast, by region, 2019 - 2027
7.1.2.Comparative market share analysis, 2019 & 2027

7.2.Hospitals

7.2.1.Market size and forecast, by region, 2019 - 2027
7.2.2.Comparative market share analysis, 2019 & 2027

7.3.At-Home

7.3.1.Market size and forecast, by region, 2019 - 2027
7.3.2.Comparative market share analysis, 2019 & 2027

8.Dermacosmetics Market, by Region

8.1.North America

8.1.1.Market size and forecast, by Product, 2019 - 2027
8.1.2.Market size and forecast, by treatment, 2019 - 2027
8.1.3.Market size and forecast, by distribution channel, 2019 - 2027
8.1.4.Market size and forecast, by End User, 2019 - 2027
8.1.5.Market size and forecast, by country, 2019 - 2027
8.1.6.Comparative market share analysis, 2019 & 2027

8.1.7.U.S.

8.1.7.1.Market size and forecast, by Product, 2019 - 2027
8.1.7.2.Market size and forecast, by treatment, 2019 - 2027
8.1.7.3.Market size and forecast, by distribution channel, 2019 - 2027
8.1.7.4.Market size and forecast, by End User, 2019 - 2027
8.1.7.5.Comparative market share analysis, 2019 & 2027

8.1.8.Canada

8.1.8.1.Market size and forecast, by Product, 2019 - 2027
8.1.8.2.Market size and forecast, by treatment, 2019 - 2027
8.1.8.3.Market size and forecast, by distribution channel, 2019 - 2027
8.1.8.4.Market size and forecast, by End User, 2019 - 2027
8.1.8.5.Comparative market share analysis, 2019 & 2027

8.1.9.Mexico

8.1.9.1.Market size and forecast, by Product, 2019 - 2027
8.1.9.2.Market size and forecast, by treatment, 2019 - 2027
8.1.9.3.Market size and forecast, by distribution channel, 2019 - 2027
8.1.9.4.Market size and forecast, by End User, 2019 - 2027
8.1.9.5.Comparative market share analysis, 2019 & 2027

8.2.Europe

8.2.1.Market size and forecast, by Product, 2019 - 2027
8.2.2.Market size and forecast, by treatment, 2019 - 2027
8.2.3.Market size and forecast, by distribution channel, 2019 - 2027
8.2.4.Market size and forecast, by End User, 2019 - 2027
8.2.5.Market size and forecast, by country, 2019 - 2027
8.2.6.Comparative market share analysis, 2019 & 2027

8.2.7.Germany 

8.2.7.1.Market size and forecast, by Product, 2019 - 2027
8.2.7.2.Market size and forecast, by treatment, 2019 - 2027
8.2.7.3.Market size and forecast, by distribution channel, 2019 - 2027
8.2.7.4.Market size and forecast, by End User, 2019 - 2027
8.2.7.5.Comparative market share analysis, 2019 & 2027

8.2.8.UK

8.2.8.1.Market size and forecast, by Product, 2019 - 2027
8.2.8.2.Market size and forecast, by treatment, 2019 - 2027
8.2.8.3.Market size and forecast, by distribution channel, 2019 - 2027
8.2.8.4.Market size and forecast, by End User, 2019 - 2027
8.2.8.5.Comparative market share analysis, 2019 & 2027

8.2.9.France

8.2.9.1.Market size and forecast, by Product, 2019 - 2027
8.2.9.2.Market size and forecast, by treatment, 2019 - 2027
8.2.9.3.Market size and forecast, by distribution channel, 2019 - 2027
8.2.9.4.Market size and forecast, by End User, 2019 - 2027
8.2.9.5.Comparative market share analysis, 2019 & 2027

8.2.10.Spain

8.2.10.1.Market size and forecast, by Product, 2019 - 2027
8.2.10.2.Market size and forecast, by treatment, 2019 - 2027
8.2.10.3.Market size and forecast, by distribution channel, 2019 - 2027
8.2.10.4.Market size and forecast, by End User, 2019 - 2027
8.2.10.5.Comparative market share analysis, 2019 & 2027

8.2.11.Italy 

8.2.11.1.Market size and forecast, by Product, 2019 - 2027
8.2.11.2.Market size and forecast, by treatment, 2019 - 2027
8.2.11.3.Market size and forecast, by distribution channel, 2019 - 2027
8.2.11.4.Market size and forecast, by End User, 2019 - 2027
8.2.11.5.Comparative market share analysis, 2019 & 2027

8.2.12.Rest of Europe

8.2.12.1.Market size and forecast, by Product, 2019 - 2027
8.2.12.2.Market size and forecast, by treatment, 2019 - 2027
8.2.12.3.Market size and forecast, by distribution channel, 2019 - 2027
8.2.12.4.Market size and forecast, by End User, 2019 - 2027
8.2.12.5.Comparative market share analysis, 2019 & 2027

8.3.Asia Pacific

8.3.1.Market size and forecast, by Product, 2019 - 2027
8.3.2.Market size and forecast, by treatment, 2019 - 2027
8.3.3.Market size and forecast, by distribution channel, 2019 - 2027
8.3.4.Market size and forecast, by End User, 2019 - 2027
8.3.5.Market size and forecast, by country, 2019 - 2027
8.3.6.Comparative market share analysis, 2019 & 2027

8.3.7.China

8.3.7.1.Market size and forecast, by Product, 2019 - 2027
8.3.7.2.Market size and forecast, by treatment, 2019 - 2027
8.3.7.3.Market size and forecast, by distribution channel, 2019 - 2027
8.3.7.4.Market size and forecast, by End User, 2019 - 2027
8.3.7.5.Comparative market share analysis, 2019 & 2027

8.3.8.India 

8.3.8.1.Market size and forecast, by Product, 2019 - 2027
8.3.8.2.Market size and forecast, by treatment, 2019 - 2027
8.3.8.3.Market size and forecast, by distribution channel, 2019 - 2027
8.3.8.4.Market size and forecast, by End User, 2019 - 2027
8.3.8.5.Comparative market share analysis, 2019 & 2027

8.3.9.Japan  

8.3.9.1.Market size and forecast, by Product, 2019 - 2027
8.3.9.2.Market size and forecast, by treatment, 2019 - 2027
8.3.9.3.Market size and forecast, by distribution channel, 2019 - 2027
8.3.9.4.Market size and forecast, by End User, 2019 - 2027
8.3.9.5.Comparative market share analysis, 2019 & 2027

8.3.10.Australia 

8.3.10.1.Market size and forecast, by Product, 2019 - 2027
8.3.10.2.Market size and forecast, by treatment, 2019 - 2027
8.3.10.3.Market size and forecast, by distribution channel, 2019 - 2027
8.3.10.4.Market size and forecast, by End User, 2019 - 2027
8.3.10.5.Comparative market share analysis, 2019 & 2027

8.3.11.Rest of Asia Pacific

8.3.11.1.Market size and forecast, by Product, 2019 - 2027
8.3.11.2.Market size and forecast, by treatment, 2019 - 2027
8.3.11.3.Market size and forecast, by distribution channel, 2019 - 2027
8.3.11.4.Market size and forecast, by End User, 2019 - 2027
8.3.11.5.Comparative market share analysis, 2019 & 2027

8.4.LAMEA

8.4.1.Market size and forecast, by Product, 2019 - 2027
8.4.2.Market size and forecast, by treatment, 2019 - 2027
8.4.3.Market size and forecast, by distribution channel, 2019 - 2027
8.4.4.Market size and forecast, by End User, 2019 - 2027
8.4.5.Market size and forecast, by country, 2019 - 2027
8.4.6.Comparative market share analysis, 2019 & 2027

8.4.7.Latin America  

8.4.7.1.Market size and forecast, by Product, 2019 - 2027
8.4.7.2.Market size and forecast, by treatment, 2019 - 2027
8.4.7.3.Market size and forecast, by distribution channel, 2019 - 2027
8.4.7.4.Market size and forecast, by End User, 2019 - 2027
8.4.7.5.Comparative market share analysis, 2019 & 2027

8.4.8.Middle East 

8.4.8.1.Market size and forecast, by Product, 2019 - 2027
8.4.8.2.Market size and forecast, by treatment, 2019 - 2027
8.4.8.3.Market size and forecast, by distribution channel, 2019 - 2027
8.4.8.4.Market size and forecast, by End User, 2019 - 2027
8.4.8.5.Comparative market share analysis, 2019 & 2027

8.4.9.Africa

8.4.9.1.Market size and forecast, by Product, 2019 - 2027
8.4.9.2.Market size and forecast, by treatment, 2019 - 2027
8.4.9.3.Market size and forecast, by distribution channel, 2019 - 2027
8.4.9.4.Market size and forecast, by End User, 2019 - 2027
8.4.9.5.Comparative market share analysis, 2019 & 2027

9.Company profiles

9.1.Johnson & Johnson Services, Inc.

9.1.1.Business overview
9.1.2.Financial performance
9.1.3.Product portfolio
9.1.4.Recent strategic moves & developments
9.1.5.SWOT analysis

9.2.Bausch Health Companies Inc.

9.2.1.Business overview
9.2.2.Financial performance
9.2.3.Product portfolio
9.2.4.Recent strategic moves & developments
9.2.5.SWOT analysis

9.3.Galderma

9.3.1.Business overview
9.3.2.Financial performance
9.3.3.Product portfolio
9.3.4.Recent strategic moves & developments
9.3.5.SWOT analysis

9.4.Procter & Gamble

9.4.1.Business overview
9.4.2.Financial performance
9.4.3.Product portfolio
9.4.4.Recent strategic moves & developments
9.4.5.SWOT analysis

9.5.Allergan

9.5.1.Business overview
9.5.2.Financial performance
9.5.3.Product portfolio
9.5.4.Recent strategic moves & developments
9.5.5.SWOT analysis

9.6.LOreal

9.6.1.Business overview
9.6.2.Financial performance
9.6.3.Product portfolio
9.6.4.Recent strategic moves & developments
9.6.5.SWOT analysis

9.7.Beiersdorf

9.7.1.Business overview
9.7.2.Financial performance
9.7.3.Product portfolio
9.7.4.Recent strategic moves & developments
9.7.5.SWOT analysis

9.8.Kanebo Cosmetics Inc.

9.8.1.Business overview
9.8.2.Financial performance
9.8.3.Product portfolio
9.8.4.Recent strategic moves & developments
9.8.5.SWOT analysis

9.9.Estee Lauder Companies

9.9.1.Business overview
9.9.2.Financial performance
9.9.3.Product portfolio
9.9.4.Recent strategic moves & developments
9.9.5.SWOT analysis

9.10.Shiseido Company

9.10.1.Business overview
9.10.2.Financial performance
9.10.3.Product portfolio
9.10.4.Recent strategic moves & developments
9.10.5.SWOT analysis

9.11.ZO Skin Health Inc.

9.11.1.Business overview
9.11.2.Financial performance
9.11.3.Product portfolio
9.11.4.Recent strategic moves & developments
9.11.5.SWOT analysis

Today’s consumers are well aware of the harm that external factors like pollution, antibacterial soaps, and cleansers can cause to the overall health of their skin. As a result, consumers are ever more fascinated about skincare products that not just offer traditional skincare benefits but also go beyond protection and offer prevention from skin damages. 

Skincare brands have been boasting about the efficiency of their products. However, as health and wellness mega trends are making a greater influence on consumers, there has been a global shift toward beauty products that are based on principles of dermatology. Dermacosmetics is a broader field of medical science where cosmetics and dermatology go hand-in-hand. Brands outside the dermacosmetics domain are developing dermo-inspired product ranges, whereas dermatologist-established brands are attempting to exhibit their proficiency to the consumers.

What is Boosting the Demand for Dermacosmetic Products?

Prevention over cure’ is the most persistent buzz in the beauty industry. As per a study the use of ‘dermacosmetics’ skincare products that offer protection and prevention from skin damages is currently rising. 

Dermacosmetic products, which were in the past only used as follow-up products after dermatological procedures, have now evolved as both essential as well as supplementary to medical recommendations. Cases of various epidemiological skin disorders such as dermatitis and psoriasis are rising across the globe. Several successful dermacosmetic product manufacturers are likely to address the upsurge of these disorders and add preventative components to their product formulations.

Moreover, the other key factors that are likely to fuel the demand for dermacosmetics are growing consumer awareness about product ingredients, increasing focus on novel inventions in the realm of the skin microbiome, cost-effectiveness, improved education about the significance of effective daily skincare routines to avoid skin damage, and growing awareness about the fact that beauty starts with good, healthy skin rather than color cosmetic products to hide damaged skin.

The products under the quasi-medical category, which is an extremely vital sector among the dermacosmetic products, claim to treat increasingly common skin disorders including eczema, acne, psoriasis, reactive skin, and severe sensitivity. These products have been developing rapidly in response to the amplified occurrence of allergies and lifestyle-related skin woes in the recent years. 

Recent Trends in the Dermacosmetics Industry

As more brands are claiming to address skin problems, the competition among time honoured dermacosmetic brands and evolving beauty brands with a dermatologist positioning is increasing. Brands that grabbed the shift in consumer preference about skin care products as an opportunity to gain a major market share are now ahead of the competition in the dermacosmetics industry.

Some of the foremost market players are focused on developing novel technologies, launching new products, and are profoundly investing in research & development activities. 

For instance, 

  • In February 2020, LG Household & Healthcare, Korea's leading company specialized in household products and cosmetics, announced that it has signed an agreement to acquire the ‘Physiogel’ business in Asia and the North America from a global pharmaceutical company GlaxoSmithKline. With this agreement, LG Household & Healthcare aims to promote Physiogel as a foremost global dermacosmetic brand by using its own research & manufacturing competences, and further strengthen its portfolio of cosmetics and personal care products. 
  • In January 2019, HINATURE dba PURITO, a leading derma cosmetics company, launched a new range of vegan-friendly skin care products accepted by the EWG (Environmental Working Group) safety grade framework. The PURITO’s Centella Green line of products consist of no harmful ingredients and is cruelty-free, based on a global trend in which consumers prefer ethical and environment-friendly cosmetic products. 
  • In October 2019, Avicanna Inc., a biopharmaceutical firm involved in the designing, manufacturing, and delivery of organic and sustainable plant-derived cannabinoid-based cosmetic products, announced the retail launch of its Pura Earth™ derma-cosmetics range of Cannabidiol (CBD) products. The first 4 of the 9 Pura Earth product lines are Anti-Aging Serum, Anti-Aging Treatment, Clear Skin Treatment, and Intensive Skin Conditioning Treatment. 

Current Scenario and Future Scope of the Dermacosmetics Industry       

The COVID-19 pandemic in 2020 has made a negative impact on the growth of the global dermacosmetics market. The deterioration of the growth of the dermacosmetics market is mainly due to a noticeable drop in the demand for dermacosmetic products during the pandemic situation. However, some of the leading brands such as Johnson & Johnson Services, Inc., Bausch Health Companies Inc., Galderma, Procter & Gamble, Allergan, L'Oréal, Beiersdorf, Kanebo Cosmetics Inc., Estée Lauder Companies, Shiseido Company, and many others have proactively adopted numerous strategies such as new product inventions to withstand their position in the global market. According to a new report by Research Dive, the global dermacosmetics market is predicted to surpass $76,839.5 million by 2027. The constant technological innovations in the dermacosmetics to develop advanced products based on user demands are anticipated to trigger the market growth post-pandemic crisis. 

In addition, the implementation of nanotechnology in personal care product formulations is presently the most trending buzz in the dermacosmetics sector. Dermacosmetics’ producers are using nano-scale ingredients in an attempt to develop advanced products that can offer enhanced protection against UV radiation and improved quality & long-lasting effects of the products. To sum up, the global dermacosmetics market is marching towards novel product developments and will reach newer heights in the near future.

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