Growing Skin-related issues, increasing consumer spending on skin and hair care products, and increasing varieties of product launches by companies are the definite factors driving the Global Dermocosmetics Market.
According to the TechSci Research report, “Dermocosmetics Market – Global Industry Size, Share, Trends, Competition, Opportunities and Forecast, 2018-2028F” The Global Dermocosmetics Market is expected to grow during the forecast period, due to factors such as, increasing number of product launches, use of unique formulas in product manufacturing, and increasing consumer spending on their physical appearance.
Dermocosmetics is a line of skin care products that use active ingredients to treat a variety of skin problems while promoting overall health and beauty. Dermocosmetics offers a variety of skin care products, including anti-aging, skin brightening, hair and scalp care, and treatment sun care. Additionally, the demand for personalized beauty products is expanding, along with the creation of new and improved skin care products and significant investments by several large pharmaceutical and cosmetic corporations.
Additionally, revenues from the dermocosmetics industry are increasing due to increased consumer spending on these products, as consumers are becoming more conscious of their physical appearance.
Furthermore, it is predicted that the most effective approach to purchase products is through online shopping platforms. These platforms are believed to have a significant impact on the performance of the dermocosmetics industry over the forecast period. Moreover, environmental factors including pollution and other skin-damaging elements are responsible for the growth of the dermocosmetics industry. With changing consumer attitudes towards healthy living and long-term skin care, an increase in product demand is anticipated. These reasons are likely to increase the demand for dermocosmetics during the estimated period.
The dermocosmetics industry may experience revenue growth challenges due to a lack of consumer knowledge and hazardous chemical compounds. Also, dermocosmetic products are expensive compared to general skin and hair care products, which restrains the global dermocosmetic market during the forecast period.
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The Global Dermocosmetics Market is segmented on the basis of product type, treatment type, end user, distribution channel, region, and competitive landscape.
Based on product type, the market is segmented into skin care and hair care. Among them, the skin care segment holds a significant share in the market during the forecast period due to the increasing availability of products and increasing number of skin-related problems, consumer spending on their physical appearance and standard of living. of consumers.
Based on treatment type, the market is segmented into skin and hair. Among them, the skin treatment type segment holds a significant market share during the forecast period which includes anti-aging, acne treatment, and others. The skin treatment category is growing faster due to the increasing number of skin related issues among the younger generation across the globe and the growing trend of purchasing cosmetic products by the younger generation to enhance their skincare routine. of the skin.
Based on distribution channels, the market is segmented into pharmacies and 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 increasing use of the Internet and e-commerce sites by consumers and the growing presence of various brands on online platforms. Thus, in the coming years, these factors are expected to drive the sub-income growth of this segment.
Major market players operating in the dermocosmetics market include:
- The Procter & Gamble Company
- L’Oréal SA
- 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 for online shopping and increasing skin-related issues such as acne, wrinkles, dark circles, etc. among the population are driving the growth of the dermocosmetics market worldwide. Consumers prefer to invest more in skin protection and radiance by using these products to reduce the appearance of aging, dark circles and fine lines. The desire to maintain good skin by using cosmetics such as creams, lotions, toners and serums has increased with an increase in people’s awareness about the health and skin benefits and the harmful chemicals contained in general cosmetic products. These factors are expected to further accelerate the growth of the market during the forecast period.” said Mr. Karan Chechi, Director of Research with TechSci Research, a global research-based management consulting firm.
“Dermocosmetics Market – Global Industry Size, Share, Trends, Opportunities and Forecasts, 2018-2028F Segmented by Product Type (Skin Cream (Cream, Lotion, Cleanser, Others), Hair Care (Shampoo, Conditioner, Oil , other)), by treatment type (Skin (anti-aging, acne treatment, other), Hair (anti-dandruff, anti-hair loss, hair repair, other)), by end-user (clinic, spa and salons, hospitals, at home), by distribution channel (pharmacy and pharmacy, online and non-retail), by region, by company, has assessed 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 take sound investment decisions. In addition, the report also identifies emerging trends along with essential drivers, challenges and opportunities present in the dermocosmetics market globally.
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