Home > Healthcare > Pharmaceuticals > Finished Drug Form > Dermocosmetics Market

Dermocosmetics Market Size

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

Download Free Sample

Dermocosmetics Market Size

Dermocosmetics Market size was valued at around USD 65.7 billion in 2023 and is estimated to grow at 9.5% CAGR from 2024 to 2032. Dermocosmetics also known as cosmeceuticals are cosmetic products that contain biologically active ingredients intended to provide therapeutic benefits beyond traditional skincare. These products are formulated to improve the health and appearance of the skin, addressing specific dermatological concerns such as aging, acne, hyperpigmentation, and sensitivity.

To get key market trends

Download Free Sample

Dermocosmetics often contain pharmaceutical-grade ingredients such as vitamins, antioxidants, peptides, and botanical extracts, clinically proven to have beneficial effects on the skin. The increasing prevalence of skin conditions in dermocosmetics is significant driving factor for the market. For instance, in 2023 World Health Organization (WHO) estimated that skin conditions impacted approximately 1.8 billion individuals. Particularly in tropical and resource-limited areas, skin infections resulting from bacteria, viruses, fungi, or parasites emerge as the predominant health concern. Thus, these underscore the critical need for advanced dermocosmetics solutions to effectively diagnose, treat, and prevent such infections.

Dermocosmetics Market Report Attributes
Report Attribute	Details
Base Year:	2023
Dermocosmetics Market Size in 2023:	USD 65.7 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	9.5%
2032 Value Projection:	USD 146.4 Billion
Historical Data for:	2021 - 2023
No. of Pages:	190
Tables, Charts & Figures:	234
Segments covered:	Product, Distribution Channel, End-use, and Region
Growth Drivers:	Rising demand for personalized skin and scalp & hair care products Growing prevalence of skin conditions Increasing aging population base and rising disposable income Advancements in dermocosmetics
Pitfalls & Challenges:	Stringent regulatory requirements Skin sensitivity concerns coupled with rising usage of counterfeit products

Learn more about the key segments shaping this market

Download Free Sample

Furthermore, rising demand for personalized skin and scalp & hair care products, increasing aging population base, and rising disposable income, and advancements in dermocosmetics, are the contributing factors stimulating 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.