GVR Report cover Anti-acne Cosmetics Market Size, Share & Trends Report

Anti-acne Cosmetics Market Size, Share & Trends Analysis Report By Gender (Women, Men), By Product Type (Creams & Lotions, Masks), By End Use (Dermatology Clinics, Medspa), By Region, And Segment Forecasts, 2021 - 2028

  • Published Date: Dec, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-3-68038-139-9
  • Format: Electronic (PDF)
  • Historical Data: 2017 - 2020
  • Number of Pages: 114

Report Overview

The global anti-acne cosmetics market size was valued at USD 3.47 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 9.1% from 2021 to 2028. The negative social stigma associated with acne and the rising consumption of cosmetics by both men and women, especially from the emerging economies, are the key factors driving the market growth. The esthetics industry witnessed a significant setback due to the COVID-19 pandemic. Since the majority of the cosmetic products are not a medical necessity, lockdown in several countries led to a temporary closure of beauty salons & med spas, dermatology clinics, and retail stores. Acne is a highly prevalent skin disorder among adolescents.

U.S. anti-acne cosmetics market size, by product type, 2018 - 2028 (USD Million)

According to an article published by the Journal of The European Academy of Dermatology and Venereology, more than 95% of boys and nearly 85% of girls are affected by acne during their adolescence. Out of these, nearly 40% experience moderate‐to‐severe acne and nearly 50% continue to have acne in their adulthood. Thus, high prevalence, especially in the young population, is anticipated to fuel market growth.

The mask product type segment in the U.S is expected to grow at the fastest CAGR from 2020 to 2028. Acne patients are prone to suffer from anxiety, depression, low self-esteem, poor quality of life, and loneliness. This can be attributed to the emotional and mental associations that an individual has with his/her appearance. These psychological effects are also indirectly fueled by the increasing usage of social media and photo-editing apps.

 

COVID-19 impact: A 7.2% increase in demand was observed

Pandemic Impact

Post COVID Outlook

According to a study published by Clinics in Dermatology, nearly 33% of the healthcare workers developed acne, dermatitis, and facial itching due to the use of an N95 face mask.

Industry players are anticipated to focus on digital channels to capture and convert the attention of existing as well as new customers.

Sephora’s U.S. business witnessed a nearly 30% increase in its online sales as compared to 2019

Retailers and brand stores are expected to offer discounts, sales, and other promotions to bring in consumers and clear inventory as these stores are witnessing relatively low (~9% to 43% ) customer traffic as compared to the pre-COVID level.

 

Furthermore, factors, such as the increasing number of e-commerce platforms, growing internet penetration, and rapid urbanization are estimated to improve the awareness and availability of these products, especially in developing economies. Despite the COVID-19 pandemic negatively impacting several industries, the skincare products manufacturers have witnessed an increase in sales. An Australian skincare brand, Real-u Skincare, witnessed a rise in sales of its products amid the COVID-19 pandemic. Thus, lucrative opportunities lie ahead for the anti-acne cosmetic manufacturers.

Product Type Insights

On the basis of product, the market is divided into masks, creams & lotions, cleansers & toners, and others. The creams & lotions segment accounted for the maximum share of more than 40% in 2020 owing to the high demand by both men and women. Moisturizing creams and body lotions protect the skin against bacteria and skin inflictions, such as psoriasis and eczema.

The others segment include products, such as face washes, gels, serums, and essential oils. The others segment is anticipated to grow at the fastest CAGR during the forecast period due to the compatibility of these products with various skin types and better skin absorption of these products.

Gender Insights

The women segment dominated the market in 2020 with a share of over 52%. The segment is expected to expand further at the fastest CAGR over the forecast period. This growth is credited to the high prevalence of acne among the female population. Acne is highly prevalent in women than men after adolescence, as it is linked to hormone changes, such as the menstrual cycle.

According to a survey, 62.2% of pre-menopausal women reported worsening of acne during the menstrual cycle. The men segment held a substantial share in 2020. The growing prevalence of acne in men is propelling the demand for these products. Nearly 42.5% of men reported having acne issues in their 20s, 20.1% in their 30s, 12% in their 40s, and 7.3% in their 50s.

End-use Insights

The Medspa segment accounted for the highest revenue share of more than 62.5% in 2020. The segment is also anticipated to register the fastest CAGR over the forecast period. This is due to the fact that Medspa provides aesthetic treatments under the supervision of a licensed medical practitioner. Medspas currently use innovative, cutting-edge technology and products to provide clinical treatments that are in line with modern medicine.

Currently, the millennial population is the largest target demographic for medical-grade skincare brands. According to the American Spa Association, the revenue of the Medspa industry in the U.S has witnessed a double-digit growth since 2010, and the majority of the Medspa patients were between the ages of 35-54 years. In 2018, the association stated that the emergence of medical spa chains, including Orange Twist, Beverly Hills Rejuvenation Centre, and Kalologie 360 supported the market growth.

Global anti-acne cosmetics market share, by end use, 2020 (%)

The number of dermatology clinics is also on the rise globally due to the increasing incidences of skin cancer and lifestyle-related skin conditions, such as acne, atopic dermatitis, and hyperpigmentation. An increasing number of people in countries like the U.S., the U.K., and Canada, are seeking skin specialists for cosmetic procedures to look more youthful and esthetically appealing. These are the factors contributing to the growth of the dermatology clinic segment globally.

Regional Insights

Asia Pacific dominated the market in 2020 with a revenue share of more than 39% and is estimated to witness lucrative growth over the forecast period. Asia Pacific is the largest potential export market for U.S.-based products owing to over 3 billion potential consumers of anti-acne cosmetic products. Economies, such as Australia, Japan, and South Korea, are some of the largest consumers of well-established U.S.-based products. In addition, Vietnam, Malaysia, and Indonesia are a few other regions expected to witness the demand for these products in the forecast period.

China is one of the most promising cosmetics markets in the Asia Pacific region. This can be attributed to the fascination of the Chinese population with high-end foreign brands, as nearly 80% of the country’s cosmetics market is dominated by western brands.

Key Companies & Market Share Insights

Mergers & acquisitions are among the key sustainable strategies undertaken by market players. For instance, L'Oréal is planning to undertake mergers & acquisitions in India to expand its skin and make-up portfolio due to the high demand for cosmetic products in the country. In December 2020, L’Oréal announced the signing of an agreement to acquire the Japanese company, Takami Co. This company develops and markets products licensed by the skincare brand Takami, owned by Doctor Hiroshi Takami. Some of the key players in the global anti-acne cosmetics market are:

  • PCA

  • Obaji

  • PHYTOMER

  • Skin Medica

  • Skin Better Science

  • Colorescience

  • Sente

  • Jan Marini Skin Research

  • Revision Skincare

  • The BeautyHealth Company

  • Glow Biotics

  • Perricone MD

Anti-acne Cosmetics Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 3.73 billion

Revenue forecast in 2028

USD 6.89 billion

Growth rate

CAGR of 9.1% from 2021 to 2028

Base year for estimation

2020

Historical data

2017 – 2020

Forecast period

2021 – 2028

Quantitative units

Revenue in USD million/billion and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product type, gender, end use, and region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Japan; China; India; Australia; Brazil; Mexico; South Africa; Saudi Arabia

Key companies profiled

PCA; Obaji; PHYTOMER; Skin Medica; Skin Better Science; Colorescience; Sente; Jan Marini Skin Research; Revision Skincare; The BeautyHealth Company; Glow Biotics; Perricone MD

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global anti-acne cosmetics market report on the basis of product type, gender, end-use, and region:

  • Product Type Outlook (Revenue, USD Million, 2017 - 2028)

    • Mask

    • Creams & Lotions

    • Cleansers & Toners

    • Others

  • Gender Outlook (Revenue, USD Million, 2017 - 2028)

    • Women

    • Men

  • End-use Outlook (Revenue, USD Million, 2017 - 2028)

    • Dermatology Clinics

    • Medspa

  • Region Outlook (Revenue, USD Million, 2017 - 2028)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

      • Australia

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

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