Skin Booster Global Market Report 2024

The skin booster market has grown strongly in recent years. It will grow from $1.07 billion in 2023 to $1.18 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth witnessed in the historical period can be attributed to various factors. These include heightened awareness of sleep health, increased consumer interest in personal health monitoring, the influence of stress and lifestyle factors on sleep patterns, the implementation of corporate wellness programs, and continuous research exploring the relationship between sleep and overall health. The convergence of these factors played a pivotal role in driving the expansion of the sleep health industry during that period.

The skin booster market is expected to see strong growth in the next few years. It will grow to $1.72 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The anticipated growth in the forecast period is set to be fueled by multiple factors. Key drivers include an increasing demand for non-invasive procedures, a preference for targeted and customized solutions, the integration of digitalization in the beauty industry, and evolving preferences among an aging population with a growing awareness of beauty. Noteworthy trends expected during this forecast period include the adoption of AI-enabled natural and clean beauty practices, a heightened emphasis on hydration, a surge in the popularity of customized solutions, and a continuous stream of innovations in beauty product offerings. These trends are expected to play a significant role in shaping and influencing the dynamics of the market throughout the forecast period.

The anticipated growth in the skin booster market is expected to be fueled by the increasing demand for wrinkle treatment. Wrinkle treatment involves addressing creases, folds, or ridges in the skin through various methods such as creams, laser therapy, and Botox to diminish the appearance of wrinkles and enhance beauty. Skin boosters, commonly used in wrinkle treatment, employ hyaluronic acid injections to enhance skin texture, elasticity, and moisture. By improving hydration and volume, these boosters contribute to a more youthful appearance. For instance, in 2020, the American Society of Plastic Surgeons reported approximately 811,000 Botox procedures performed on adults in their 30s, constituting nearly 18% of the national total. Thus, the rising demand for wrinkle treatment is a key driver of the skin booster market.

The growth of the skin booster market is expected to be propelled by the increasing aging population. The pharmaceutical industry, encompassing the discovery, development, and production of drugs, is significantly influenced by demographic trends. The aging population, characterized by a higher proportion of individuals aged 65 and older, is a global phenomenon. Skin boosters are frequently utilized in this demographic to address various skin concerns associated with aging, including hydration, collagen stimulation, reduction of fine lines and wrinkles, and improvement of skin tone and texture. Globally, the World Health Organization predicts that by 2030, 1 in 6 people will be 60 or older, with a projected doubling of this age group to 2.1 billion by 2050. In the UK, the House of Commons Library forecasts that by 2043, the senior population will make up 24% of the total population (17.4 million people). Consequently, the rising aging population is a significant factor driving the growth of the skin booster market.

The skin booster market is witnessing a notable trend towards technological advancement, with major companies strategically prioritizing product innovation to maintain their market leadership. A case in point is The Beauty Health Company, a US-based personal care firm, which collaborated with Hungary-based skincare company Omorovicza to introduce an advanced skin renewal booster. This product features a patented healing concentrate designed to promote a more youthful complexion. Utilizing HydraFacial's proprietary magic wand handpiece and vortex fusion technology, the Healing Concentrate, blended with essential components, effectively permeates the skin. The innovative formula includes key ingredients such as retinol, vitamin C, hyaluronic acid, niacinamide, amino acids, and arabinogalactan.

Companies in the skin booster market are actively engaged in developing groundbreaking product solutions to align with prevailing market trends, fortify their brand image, and expand their customer base. For instance, South Korea-based skincare brand CosRX launched The 6 Peptide Skin Booster Serum in August 2023. This serum, formulated with six potent peptides, aims to address various skin concerns and enhance overall skin conditions, providing versatility and effectiveness. The product is tailored to meet the needs of skincare enthusiasts seeking a comprehensive solution for multiple skin issues.

In January 2022, Switzerland-based independent dermatology company Galderma S A acquired ALASTIN Skincare, Inc., a US-based specialty aesthetics company, though the financial details were undisclosed. This acquisition strengthens Galderma's integrated dermatology platform, incorporating a comprehensive collection of scientifically-proven skincare products for both daily use and peri-procedural care. The acquisition underscores Galderma's commitment to being the preferred partner for aesthetic professionals, enhancing its market position through access to innovative and clinically-tested skincare offerings.

Major companies operating in the skin booster market report are Allergan plc, Galderma S.A., Merz Pharmaceuticals GmbH, Bloomage BioTechnology Corporation Limited, Teoxane Laboratories, Filorga, Professional Derma SA, IBSA Group, Lemonbottle SA, Fox Group International, Sinclair Pharma, BioScience GmbH, Vivacy Laboratories, SciVision Biotech Inc., Prollenium Medical Technologies Inc., MD Skin Solutions, Cytocare International, Cellfill SA, BCN Medical Institute, Hymagic Corporation, Skin Tech Pharma Group, Regenyal Laboratories LLC, Bioxis Pharmaceuticals Inc., Aqtis Medical Inc., Q-Med AB, Luminera Derm, Suneva Medical Inc., Polymekon Incorporated, Fidia Farmaceutici S.p.A., Aesthetic Dermal LLC, Genyal Global.

North America was the largest region in the skin boosters market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global skin booster market during the forecast period. The regions covered in the skin booster market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the skin booster market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Two primary categories of skin boosters are mesotherapy and micro-needle treatments. Mesotherapy involves injecting a combination of vitamins, enzymes, hormones, and plant extracts into the skin, promoting regeneration and tightening. This non-surgical cosmetic procedure is utilized to address various concerns such as cellulite, excess weight, body contouring, and facial or neck rejuvenation. Mesotherapy is commonly employed in dermatology clinics and medical spas, serving both male and female clients.

The skin booster market research report provides skin booster market statistics, including skin booster industry global market size, regional shares, competitors with a skin booster market share, detailed skin booster market segments, market trends and opportunities, and any further data you may need to thrive in the skin booster industry. This skin booster market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The skin boosters market consists of sales of non-cross-linked HA skin boosters, polynucleotide skin boosters, and stabilized hyaluronic acid skin boosters. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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