Dermocosmetics Market – By Product, Distribution Channel, End Use – Global Forecast, 2024 – 2032

Dermocosmetics Market Size

The global dermocosmetics market was estimated at USD 65.7 billion in 2023. The market is expected to grow from USD 71 billion in 2024 to USD 146.4 billion in 2032, at a CAGR of 9.5% during the forecast period. Dermocosmetics, also known as cosmeceuticals, consists of biologically active ingredients intended for skin and hair care which provides therapeutical benefits beyond the traditional care. These products are predominantly used to the address various conditions pertaining to dermatology such as hyperpigmentation, aging, acne and sensitivity.
 

The global dermocosmetics market is experiencing significant growth due to the rising prevalence of various skin disorders. For instance, according to the World Health Organization (WHO) around 1.8 billion people get affected by skin conditions at any point in their lifetime. Moreover, these skin conditions are generally caused by bacteria, parasites, virus, or by fungal origin primarily affecting the population residing in resource limited and tropical areas as per the WHO. Furthermore, as per the data from the American Academy of Dermatology Association, approximately 50 million individuals across the U.S. suffer from acne annually. Thus, the rising prevalence of these skin conditions necessitates the demand of the targeted skin care solution such as the dermocosmetics and anti-acne cosmetics, which is estimated to reach USD 9.1 billion by 2032, thereby propelling the market growth.
 

Furthermore, the growing demand for the personalized hair and skin care products is one of the prominent catalysts for the growth of the market. Modern consumers are primarily looking up for the cosmetic solutions that can align with their specific skin, scalp, hair, and environmental conditions. Dermocosmetics solutions perfectly align with this trend offering various solutions pertaining to acne, dandruff, and other skin conditions catering to the diverse demographic, boosting the market growth.
 

Dermocosmetics Market Trends

• The growing elderly population is a significant accelerator for the growth of the market. For instance, according to data from the World Health Organization (WHO), by 2030, the elderly population of the age group 60 years and above will reach 1.4 billion from 1 billion in 2020. Moreover, it is anticipated that by 2050 this population will reach 2.1 billion. These demographic individuals prominently suffer from skin related conditions such as aging, wrinkles, loss of skin elasticity, fine lines, among others, thereby increasing the demand of dermocosmetics products.
   
• Thus, these conditions propel the need for effective skin care solution among these demographic populations fostering the growth of the market.
   
• Furthermore, technological innovation in the dermocosmetics is pushing the market trend forward. Advancements in formulation such as nanotechnology-based delivery system such as the nanosomes, which enhances the penetration of active ingredients into the deeper skin, thus allowing for targeted and effective treatment.
   
• For instance, L’Oréal Groupe’s Revitalift Cream, consists of nanosomes of dermo-elastyl and pro-retinol. This cream is intended to treat the wrinkles in the skin attracting wider population base.
   
• Additionally, the development in the peptide technology is stimulating the growth of more potent and targeted peptide related formulations for the dermocosmetic products.
   

Dermocosmetics Market Analysis

Based on product, the market is divided into skin care and hair care. The skin care segment is bifurcated into anti-aging, skin whitening, sun protection, acne treatment, and other skincare products. Further, the hair care segment is divided into anti-hairfall, anti-dandruff, and other hair care products. The global dermocosmetics market was estimated at USD 65.7 billion in 2023. The skin care segment is estimated to account for USD 92.6 billion by the end of 2032.

• This growth is highly attributed due to the increasing awareness pertaining to the skin care and the accelerating prevalence of various skin conditions.
   
• According to the study published in National Center for Biotechnology Information, Melasma is sub type of hyperpigmentation which occurs in 90% of the women and 10% of men as per the reported cases. Moreover, as per the same study around 20-30% of Indian women population of age group 40-65 years suffer from this condition.
   
• Further, as per the estimates around 10-25% of women taking oral contraceptives and 10-15% of pregnant women suffer from Melasma.
   
• Thus, the rising prevalence of these condition accelerate the need for effective skin care treatment options including dermocosmetics. For instance, Eucerin’s anti-pigmentation range a brand of Beiersdorf Aktiengesellschaft is a formulation specifically designed to treat hyperpigmentation, thereby propelling segmental growth.
   

Based on distribution channel, the dermocosmetics market is bifurcated into supermarket and hypermarket, pharmacies and drug stores, online e-commerce channels, and other distribution channels. The pharmacies and drug stores segment accounted for USD 23.8 billion with a revenue share of 36.2% in 2023.
 

• The dominance of this segment is due to the trusted reputation developed by the pharmacies and drug store as a noteworthy source for dispensing the dermocosmetics products as well as medically endorsed products.
   
• Additionally, the widespread access of these stores in both urban and rural areas have made them as convenient sources of purchasing for many individuals. These distribution channels often collaborate with the dermocosmetics manufacturers in order to offer exclusive products and promotional offers, that attracts major customers.
   
• Additionally, pharmacies usually offer products that are endorsed by the dermatologists, which in turn boost the confidence among the customers pertaining to the quality and efficacy of the products, thereby these factors all together are anticipated to propel the growth of the segment.
   

Based on end use, the dermocosmetics market is classified into hospitals, specialty clinics, medical spas, and other end users. The hospitals segment is estimated to account for USD 51 billion by the end of 2032.
 

• Hospitals often equipped with state of art dermatological department making them as a one-stop destination for patients seeking treatment for various skin conditions, post-surgical skin care, among others.
   
• Moreover, the growing number of hospitals has enhanced access of dermatologist services, which in turn is propelling the widespread availability of advanced dermocosmetics treatment to the individuals, solidifying the dominance of the segment. For instance, according to American Hospital Association there are 6,129 hospitals across the U.S.
   
• Furthermore, the hospitals pharmacies often stock prescription grade dermocosmetics recommended by dermatologist, boosting the product adoption.
   
• Additionally, the increasing awareness regarding the skin health and increasing visit of the patients to the hospital for the dermatologist consult, further accelerates segmental growth.
   

North America:

The U.S. dermocosmetics market is forecasted to reach USD 54.1 billion by 2032.
 

• This growth is largely attributed due to the rising prevalence of skin condition such as eczema, acne, and hyperpigmentation in the country.
   
• For instance, as per the data from the National Eczema Association, around 31.6 million individuals in the U.S. suffer from some form of eczema. Moreover, as per reports, 1 in 10 individuals will develop eczema during their lifetime.
   
• Thus, as the prevalence of these disease continuous to grow so does the need for effective dermocosmetics formulation such as Eucerin Eczema Relief Body Crème, which is clinically proven to treat the symptoms associated with eczema will also grow across the region.
   

Europe:

The dermocosmetics market in the UK is projected to grow significantly from 2024 to 2032.
 

• The increasing awareness regarding the skincare in UK, influenced by social media and recommendation by the dermatologist is pushing the consumers to adopt high quality product to treat skin conditions which are backed with biological active ingredients such as the dermocosmetics, thereby propelling the growth of the market in the country.
   
• Furthermore, technological advancement in dermocosmetics formulations will facilities deeper penetration of active ingredients and improved efficacy, further fostering their adoption in the country.
   

Asia Pacific:

The dermocosmetics market in the Japan is projected to grow significantly from 2024 to 2032.
 

• The rapid aging population of country is the key catalyst propelling the dermocosmetics industry in Japan.
   
• For instance, as per the estimates, in 2024, around 36.2 million individuals in the country were belonging to the age group of 65 and older, which is equivalent to one third of the total Japanese population.
   
• Therefore, this demographic shift necessities the demand for the anti-aging dermocosmetics, stimulating the growth of the market in the country.
   

Middle East and Africa:

The dermocosmetics market in the Saudi Arabia is projected to grow significantly from 2024 to 2032.
 

• The desert climatic condition in the country characterized by extreme heat and strong UV radiation are propelling the demand for product pertaining for sun protection, skin repair, and hydration. Thus, dermocosmetics that addresses these concerns is anticipated to gain traction in the country.
   
• Moreover, the rising disposable income pushing the consumers of the country to invest heavily on the premium skincare products, including dermocosmetics, further propelling the market growth.  
   

Dermocosmetics Market Share

The top 5 players of the market account for approximately 50% of the market share which includes companies such as L’Oréal Groupe, Procter & Gamble (P&G), Unilever PLC, Johnson & Johnson, Shiseido Co., Limited, among others. Strategic partnerships with dermatology clinics, healthcare providers, research institutes, and government agencies play a primary role in advancing the development of products and getting the necessary permits. The development of public awareness through the campaigns, social media platform and endorsement of these products through the skin care experts will encourage consumers interest in dermocosmetics, enabling market players to strengthen their position in this growing sector.
 

Dermocosmetics Market Companies

Some of the eminent market participants operating in the dermocosmetics industry include:

• Procter & Gamble
• L’Oréal Groupe
• Unilever PLC
• Johnson & Johnson
• Shiseido Co., Limited
• Amorepacific
• Beiersdorf Aktiengesellschaft
• Kanebo Cosmetics Inc.
• Avon Products, Inc.
• Lotus Herbals Pvt. Ltd.
• VLCC Health Care Limited
• Himalaya Global Holdings Ltd.
• L’Oréal Groupe has strong global presence, present in 150 countries across the globe.
• Unilever PLC has strong product portfolio and financial position, with Euro 12.5 billion business of hair and skin care products as per the company website.
   

Dermocosmetics Industry News

• In 2023, L'Oréal announced its entry into the Indian dermocosmetic market and introduced L'Oréal Dermatological Beauty (LDB) in the country. LDB, a new division for the Indian market, brought products to dermatologists, patients, and consumers. This move benefited the company by expanding its reach into a rapidly growing market, tapping into the demand for dermatologist-endorsed skincare solutions, and strengthening its presence in India's beauty and skincare industry.
   
• In December 2022, Kao Corporation launched UNLICS, a cosmetics brand targeting Gen Z men seeking beauty beyond personal grooming. This move benefited the company by tapping into a growing market segment interested in skincare and beauty products tailored to their needs and preferences, thus expanding Kao Corporation's brand portfolio and market reach.
   

The dermocosmetics market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:

Click here to Buy Section of this Report

Market, By Product

• Skin care
  • Anti-aging
  • Skin whitening
  • Sun protection
  • Acne treatment
  • Other skin care products
• Hair care
  • Anti-hairfall
  • Anti-dandruff
  • Other hair care products                                             

Market, By Distribution Channel

• Supermarket and hypermarket     
• Pharmacies and drug stores          
• Online e-commerce channels        
• Other distribution channels                     

Market, By End Use

• Hospitals
• Specialty clinics
• Medical spas 
• Other end use

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa
  • Saudi Arabia
  • South Africa
  • UAE