Chemical Peel Market Size, Share & Trends Analysis Report By Type (Medium Peel), By Application (Acne Spots, Wrinkles), By Product (Fruit Peel) By End-use, By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global chemical peel market size was valued at USD 1,763.7 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.5% from 2022 to 2030. Globally growing awareness regarding skincare and aesthetics is expected to drive the market. Generally, women face more acne, pigmentation, and wrinkle issues as compared to men in any region thus forming a major share of their customer base. While men generally face worse outbreaks of skin as compared to women, women face these issues frequently. An increase in disposable income and growing concern about appearance are some of the factors driving the market growth. The COVID-19 pandemic impacted the cosmetic products market and the industry witnessed a decline in growth rate. There was a disruption in the supply chain, and cosmetic manufacturers were forced to close their production units due to a labor shortage.

The U.S. is one of the major markets for chemical peel procedures in the world. According to a 2019 report published by the American Society of Plastic Surgeons, a total of 1,387,607 procedures were performed for chemical peel alone in the U.S. The continuously increasing popularity of chemical peel in North America has resulted in companies such as Glytone, Image skincare, Johnson & Johnson, Colgate- Palmolive, Dermalogica, Renee Rouleau, NCN Professional SkinCare, TriHealth of Cincinnati, Ohio, Mayo Clinic of Rochester of Minnesota, Sutter Health of California, and many more to enter the market. These companies are providing all low, medium, and deep peel for treating skin-related issues.

Product Insights

The fruit peel segment accounted for 22.9% of the global revenue share in 2021. Fruit Peel is an alpha hydroxy acid extracted from sugar cane, sugar beets, and fruits. It is a mild peel used to treat aging and other skin problems. It is used to treat scars, acne, fine lines, hyperpigmentation, melasma, and sunspots.

The lactic peel segment is expected to witness a CAGR of 5.9% over the forecast period. Lactic peel is used for anti-wrinkle and pigmentation-fighting. It has been derived from milk and belongs to a class of anti-aging ingredients known as alpha-hydroxy acids (AHAs) which help to improve skin tone and reduce the appearance of pores. It is generally used for treating age spots, hyperpigmentation, and other issues that result in making the skin dull and uneven complexion.

Type Insights

The superficial or light peel segment accounted for 62.1% of the global revenue share in 2021. Superficial chemical peels are one of the mildest peels that help to remove the outer layer of the epidermis. As it doesn’t have high chemical content it can be used once a month as a skincare routine. It helps to reduce fine lines, age spots, and even skin tone. It is safe to be used anywhere on the neck, face, or body and is a good option for people with acne on the back and chest.

The medium peel segment is expected to witness a CAGR of 5.8% over the forecast period. A medium chemical peel is used to treat acne, scars, uneven skin, and deeper wrinkles. It removes the skin from both epidermis (outer layer of the skin) and dermis (upper part of the middle layer of skin). It chemically resurfaces skin to improve its appearance.

Application Insights

The acne spots segment accounted for 25% of the global revenue share in 2021. This is owing to the unhealthy lifestyle, increasing stress, sleep disorders, etc. There are many types of acne such as acne vulgaris, papules, pustules, nodules, cysts, mild acne, and acne mechanica, among others. The most common disease among adolescents and young adults is acne which sometimes leads to low self-confidence or self-esteem as nowadays people are becoming more conscious about their looks and appearance.

The dark circle segment is expected to witness a CAGR of 5.9% over the forecast period. Dark circles under the eyes can occur in case of extreme fatigue, oversleeping, genetics, or staying up more than normal bedtime. They become more visible and permanent with growing age as with time the skin loses collagen making it thinner and translucent.

End-use Insights

The dermatology clinics segment accounted for 35.9% of the global revenue share in 2021. The chemical peel procedure is majorly performed in dermatology clinics by cosmetic surgeons. The med spa segment is expected to witness a CAGR of 6.2% over the forecast period. Clinics and spas also provide chemical peel services as they have trained medical staff.

Medical spas offer moderate peel services such as trichloroacetic acid peel, glycolic peel, and phenol peels while deep peel services are generally provided by surgeons in hospitals. Several clinics and spas around the world such as VLCC wellness, Soma medical spa, Lake Nona ophthalmology, Synergy MedAesthetics, Alura Aesthetic Clinic, and many others are providing a different range and varieties of chemical peel services.

Regional Insights

North America held a market share of 41.8% in the year 2021. People in North America usually face a lot of skin-related and aging issues with acne being the most common skin condition followed by hyperpigmentation, melasma, and solar dermatitis. Around 50 million people suffer from acne annually. Thus, chemical peel, a quick, easy, and affordable way of treating all these problems are majorly adopted by people.

Canadians deal with several skin problems with skin cancer being the most common followed by rosacea, psoriasis, and acne being the fourth most common skin problem. To get rid of acne people generally go for a chemical peel procedure as it is cheaper than other treatments and is less time-consuming.

Asia Pacific is expected to witness a CAGR of 6.4% over the forecasted period. Asia Pacific has been witnessing a lot of beauty and personal care product launches from companies around the globe with Japan and South Korea witnessing the maximum launches. Aging is a most common issue in countries with rapidly greying populations like Japan, China, and South Korea thus becoming a major reason for attracting companies with anti-aging products. Moreover, the younger population in Asia Pacific countries has started to become more cautious about their skin thus taking timely anti-aging measures to look young and youthful.

Key Companies & Market Share Insights

New product launches, innovation, mergers and acquisitions, and geographical expansion are some of the key strategies adopted by the players to strengthen their position in the market and gain a higher market share. For instance, in December 2020, L’ORÉAL signed an agreement to take over the Japanese skincare company Takami. Similarly, in January 2020, L’ORÉAL and Verily announced a strategic partnership to advance precision skin health. Some of the prominent players in the chemical peel market include:

• IMAGE Skincare

• Dermalogica

• Johnson & Johnson Private Limited

• Bausch Health Companies Inc.

• Renee Rouleau

• L’Oréal

Chemical Peel Market Report Scope

Global Chemical Peel Market Segmentation

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 2030. For this study, Grand View Research has segmented the global chemical peel in the market based on type, product, application, end-use, and region:

• Type Outlook (Revenue, USD Million, 2017 - 2030)

  • Superficial or Light Peel

  • Medium Peel

  • Deep or Phenol Peel

• Application Outlook (Revenue, USD Million, 2017 - 2030)

  • Acne Spots

  • Wrinkles

  • Fine Lines

  • Hyperpigmentation

  • Scars a

  • Dark Circles

  • Skin Brightening

  • Others

• Product Outlook (Revenue, USD Million, 2017 - 2030)

  • Lactic Peel

  • Fruit Peel

  • Salicylic Acid Peel

  • Pigment Balancing Peel

  • Trichloroacetic acid Peel

  • Vitalize Peel

• End-use Outlook (Revenue, USD Million, 2017 - 2030)

  • Hospitals

  • Med Spa

  • Dermatology Clinics

  • Others

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE