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Dermocosmetics Market Trends

Report ID: GMI9125
Published Date: Apr 2024
Report Format: PDF

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Dermocosmetics Market Trends

Advancements in dermocosmetics have revolutionized the skincare industry offering innovative solutions that bridge the gap between dermatology and cosmetics. From innovative technologies to a deeper understanding of skin biology, these advancements have led to the development of highly effective products that not only enhance appearance but also provide therapeutic benefits. With a focus on efficacy, safety, and consumer preferences, dermocosmetic brands continue to push the boundaries of innovation, shaping the future of skincare.

Nanotechnology has enabled the development of delivery systems that enhance the penetration of active ingredients into the skin, allowing for targeted treatments and improved efficacy.
Peptides are short chains of amino acids that can have various effects on the skin such as promoting collagen, which is estimated to reach USD 10 billion by 2032, production, reducing wrinkles, and improving skin texture. Advances in peptide technology have led to the development of more potent and targeted peptide formulations for dermocosmetic product.
Additionally, with advancements in technology including artificial intelligence in healthcare and genetic testing, personalized skincare has become more accessible. Dermocosmetic brands now offer customized formulations tailored to individual skin concerns, preferences, and genetic predispositions, thereby escalating the growth of the market.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global market size for dermocosmetics was valued at USD 65.7 billion in 2023 and is estimated to grow at 9.5% CAGR from 2024 to 2032, driven by growing prevalence of skin conditions.

The pharmacies & drug stores segment in the dermocosmetics industry reached USD 23.8 billion in 2023 as they are readily available in pharmacies and drug stores, making it easily accessible for consumers.

U.S. market is anticipated to grow at 9.2% CAGR during 2024-2032, as the country is home to numerous research institutions, skincare companies, and academic centers dedicated to advancing the science of skincare.

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 and Himalaya Global Holdings Ltd.