The anti-acne cosmetics market is estimated to be valued at US$ 2718.35 Mn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Anti-acne cosmetics include cleansers, toners, serums, masks and moisturizers. They are specially formulated to treat acne by removing dirt, oil and excess sebum from the skin without over-drying. They also contain ingredients like salicylic acid, benzoyl peroxide, tea tree oil and glycolic acid which have anti-bacterial and anti-inflammatory properties to help clear acne breakouts.
Market Dynamics:
The anti-acne cosmetics market is primarily driven by the increasing prevalence of acne vulgaris across all age groups. Acne is one of the most common skin conditions affecting people aged between 12 to 24 years. Moreover, rising pollution levels and changing lifestyles have made acne more prevalent in younger children as well as older adults. Additionally, growing awareness about available cosmetic treatments for acne prevention and management through online beauty blogs and social media marketing is also fueling the adoption of anti-acne cosmetics. However, availability of cheaper generic products from local manufacturers poses a challenge for established brands in price sensitive markets.
SWOT Analysis
Strength: The anti-acne cosmetics market has strong growth potential due to the increasing prevalence of acne among young adults and teenagers. The wide variety of anti-acne products available catering to different skin types and conditions also acts as a strength. Moreover, rising awareness about skincare routines and availability of natural and herbal anti-acne products further boost the market growth.
Weakness: High cost of new product development and clinical trials can be a challenge for new entrants in the market. Additionally, presence of counterfeit products offering lower quality can hamper the brand loyalty for established brands.
Opportunity: Increasing spending on personal care and skincare products among middle-class population in developing regions provides new opportunities. Moreover, incorporation of advanced ingredients like vitamins, minerals and herbs in anti-acne products attracts more consumers.
Threats: Stringent regulatory conditions for new product approval can delay the launch of innovative products. Growing adoption of natural and home remedies for acne treatment also poses threat to market growth.
Key Takeaways
The global anti-acne cosmetics market is expected to witness high growth, exhibiting CAGR of 4.8% over the forecast period, due to increasing prevalence of acne among young population worldwide. Growing consumer awareness about available anti-acne products and routines further boosts the market growth.
Regional analysis: North America dominates the global anti-acne cosmetics market and is expected to continue its dominance over the forecast period. This is attributed to growing acne prone population and early adoption of new treatment products in the region. However, Asia Pacific exhibits the fastest growth owing to rising disposable income, increasing focus on personal care and growing working women population.
Key players: Key players operating in the anti-acne cosmetics market are Clinique Laboratories, LLC., Neutrogena, Ancalima Lifesciences Ltd., Guthy-Renker, Murad Inc, L'Oréal S.A., The Mentholatum Company Inc., Kosé Corporation, and Galderma Laboratories LP. These companies hold major market share and focus on new product launches and partnership with medical professionals to strengthen their position.
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The global Anti Acne Cosmetics Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the anti acne cosmetics market include Neutrogena, Clinique, Murad, Kose, LaRochPosay, Mentholatum, L'Oréal, Proactiv, VichyS.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Anti Acne Cosmetics Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/anti-acne-cosmetics-market/download-sampleMarket DynamicsThe rising consumption of cosmetics by both men and women is the primary factor driving the Anti Acne Cosmetics market.
Also, the high prevalence of acne and skin disorders in adolescents and people of all ages contributes to the Anti Acne Cosmetics market's growth.
According to the (NCBI) National Center of Biotechnology Information, it is estimated that acne affects 9.4% of the worldwide population, making it the eighth-most prevalent disease worldwide.
