July 21, 2024
Anti-acne Cosmetics Market

Human Growth Technology is anticipated to openup the new avanue for Anti-acne Cosmetics Market.

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 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

The anti-acne cosmetics market includes products such as creams, face washes, cleansers, scrubs, and lotions that are used to prevent and treat acne on the face. The major product types are cleansers, emulsions, and rubs which work to remove dirt and oil from skin pores and reduce acne-causing bacteria. Anti-acne cosmetic products contain ingredients such as benzoyl peroxide, salicylic acid, retinoids, and sulphur which help to unclog pores and reduce pimples, whiteheads, and blackheads.

Market Dynamics:

The growth of the anti-acne cosmetics market is driven by the rising teenage and adult population suffering from acne-prone skin across the globe. According to the American Academy of Dermatology Association, about 50 million Americans have acne and 85% of people between the ages of 12 and 24 experience breakouts. Moreover, increasing awareness about skin care products and availability of a wide range of anti-acne cosmetic products through e-commerce platforms are also promoting market growth. However, high costs of premium anti-acne skincare products and easy availability of lower-priced generic alternatives are expected to hamper the market growth during the forecast period. New product launches catering to specific skin issues and consumer demand for natural and herbal ingredients are expected to create lucrative opportunities for anti-acne cosmetic brands in the coming years.

Segment Analysis

The global anti-acne cosmetics market is segmented based on product type, gender, and distribution channel. Based on product type, the market is segmented into cleansers, emulsions and creamy cleansers, face masks, scrubs, and others. The cleansers segment dominates the market owing to its ability to unclog pores and remove excess oil to prevent acne formation without drying out the skin.

PEST Analysis

Political: The government regulations related to the ingredients used in anti-acne cosmetic products are fragmented across regions. This is driving many companies to optimize their formulations.

Economic: The rising disposable incomes in developing nations have boosted the spending on personal care and appearance, positively impacting the anti-acne cosmetics market.

Social: Rising awareness about harmful effects of acne and availability of effective anti-acne solutions have increased the social acceptance for those suffering from acne issues, driving the market growth.

Technological: Significant development in formulation technology has led to availability of products that not only treat acne but also reduce acne scars and pigmentation, using ingredients like salicylic acid, glycolic acid, tea tree oil etc.

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 awareness about procedure and product availability. Regionally, North America dominates the market due to growing cosmetic expenditure and availability of advanced products for acne treatment in the region. The Asia Pacific region is anticipated to witness the fastest growth during the forecast period owing to rising living standards, growing cosmetic culture, and increasing influence of western beauty trends.

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. Clinique Laboratories, LLC dominates the market owing to its wide range of aesthetic and dermatologist-developed anti-acne skincare products.

The global anti-acne cosmetics market size for 2023 is US$ 2718.35 Mn. Growth of awareness campaigns globally and increasing spending on personal care are projected to drive the anti-acne cosmetics market during the forecast period.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it