Anti-acne Cosmetics Market Size to Grow by $ 221.71 mn During 2021-2025
Technavio has been monitoring the anti-acne cosmetics market and it is expected to grow by $ 221.71 mn, accelerating at a CAGR of almost 2% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Anti-acne Cosmetics Market: APAC to lead market growth during the forecast period
Anti-acne Cosmetics Market: Key Competitors
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Beiersdorf AG, Clinique Laboratories LLC, Galderma SA, Johnson & Johnson, KOSÉ Corp., LOreal SA, LVMH Moet Hennessy - Louis Vuitton, Shiseido Co. Ltd., The Himalaya Drug Co., and Unilever Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Anti-acne Cosmetics Market: Key Highlights of the Report for 2021-2025
Technavio has been monitoring the Global anti-acne cosmetics market and it is expected to grow by $ 221.71 million, progressing at a CAGR of almost 2% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
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Key Trends to impact market growth
Increasing awareness of the long term benefits and safety of organic products has led to an increased demand for organic and natural skin care products, which have little or no harmful effects. The harmful effects of synthetic chemicals used in skincare products is leading to a rising inclination for naturally processed and organic cosmetic products, such as organic anti-acne cosmetics will also grow. This is one of the key anti-acne cosmetics market trends. The growing demand for organic and natural products has been identified as one of the critical anti-acne cosmetics market trends. The trend will be responsible for the anti-acne cosmetics market growth over the forecast period.
Top Driver to Boost Demand for anti-acne cosmetics market
Market vendors are increasingly focusing on strengthening their distribution networks in organized retailing and offering premium products. The strong distribution networks will help them in gaining maximum consumer footprint in all types of retailing distribution channels, increasing their sales volume and revenue. Prominent vendors are offering a wide assortment of products and conducting various marketing, advertising, and promotional activities to enhance their product and brand visibility. Large retail chains such as Walmart, Target, and Tesco Plc (Tesco) offer a separate retailing segment for personal care products. The increasing number of exclusive brand outlets, malls, and supermarkets, especially in developing economies, such as India and China, will further boost the offline sales of anti-acne cosmetics. The expansion of organized retailing will play a significant role in driving the growth of the anti-acne cosmetics market.
Vendor Analysis: Beiersdorf AG, Clinique Laboratories LLC and Galderma SA are key growth contributors
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Beiersdorf AG, Clinique Laboratories LLC, Galderma SA, Johnson & Johnson, KOSÉ Corp., LOreal SA, LVMH Moet Hennessy - Louis Vuitton, Shiseido Co. Ltd., The Himalaya Drug Co., and Unilever Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights on this market: Download a Free Sample Report
Anti-acne Cosmetics Market: Key Highlights of the Report for 2021-2025
