Dermocosmetics Market Size

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.
 

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.