The Anti-Acne Cosmetics Market is being driven by Premiumization of anti-acne cosmetic products
The Anti-Acne Cosmetics Market is expected to grow at a CAGR of 3.33% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 414.9 million. The digital transformation of retail has significantly boosted the sales of anti-acne cosmetics in the personal care market. Online distribution channels, including brand-owned websites, pure-play e-retailers, and third-party marketplaces, have expanded reach and accessibility for consumers. These platforms provide a vast selection of brands and products, enabling consumers to compare, collect information, and provide valuable feedback. The proliferation of online shopping portals and the widespread use of smartphones have facilitated the sale of anti-acne cosmetics and other personal care items online.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
176 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.33% |
Market growth 2024-2028 |
USD 414.9 million |
Market structure |
fragmentation |
YoY growth 2023-2024(%) |
3.18 |
Key countries |
US, China, Germany, France, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Anti-Acne Cosmetics Market has witnessed significant growth in recent years due to the increasing prevalence of acne among the working female population and the social stigma associated with this dermatological ailment. This market caters to both women and men seeking effective solutions for managing acne. Key trends in this market include the use of clean beauty products free from Parabens and other harsh chemicals, as well as skin-friendly ingredients and non-comedogenic formulas. Skincare technology has advanced, leading to the development of innovative spot treatment products, emulsions, moisturizers, and facial cleansers. Skin sensitivities are a concern for many consumers, leading to a demand for gentle, dermatologically tested products. Retail stores, dermatology clinics, med spas, and beauty salons are key distribution channels for anti-acne cosmetics. Marketing strategies often focus on advertisements that promote the appearance benefits of clear skin, while addressing the emotional impact of acne. The anti-acne cosmetics market is expected to continue growing as more people seek effective, gentle solutions for managing acne and improving their skin health.
The global personal care products market encompasses the production and research and development of various items under the umbrella of personal and beauty care, comprising cosmetics, perfumes, masks, sex toys, hair wigs and extensions, and polarized sunglasses, among others. According to Technavio, the market size is determined by the consolidated revenue generated by the manufacturers of these products. Factors fueling the expansion of the global personal care products industry include the positive correlation between rising disposable income and increased discretionary spending, which covers expenditures on luxury and lifestyle-related items.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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