The global dermocosmetics market accounted for USD 39.35 billion in 2023 and is expected to reach USD 112.51 billion by 2034 with a CAGR of 10.02% during the forecast period 2024-2034. The market will grow due to the rising skin condition prevalence, increasing consumer awareness of and demand for skincare solutions, technological advancements in product formulations, the influence of dermatologists and other medical professionals, and a shift toward preventive skincare.
Advances in skincare technologies have resulted in the creation of sophisticated dermatocosmetic solutions that exhibit enhanced safety and efficacy characteristics. Technological advancements like nanotechnology, encapsulation, and targeted delivery systems improve the efficacy of products by increasing the penetration of active chemicals into the skin. For instance, L'Oréal expanded its footprint in the lucrative Asian market in June 2023 when it paid $1.3 billion to acquire Yuesai, a Chinese beauty brand situated in Hangsha.
By type, the skincare segment accounted for the highest revenue-grossing segment in the global dermocosmetics market in 2023 owing to the growing consumer awareness about skincare, increasing prevalence of skin concerns, and continuous innovation in product formulations. For instance, Johnson & Johnson announced in July 2022 that it would be collaborating with dermatologist Dr. Anna Chien to introduce a new range of dermocosmetics that would target multicultural skin tones and issues. Additionally, the haircare segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising demand for specialized haircare products addressing various scalp and hair concerns, including hair loss, dandruff, and damage repair, coupled with increasing emphasis on hair health and appearance.
By application, the medical dermatology segment accounted for the highest revenue-grossing segment in the global dermocosmetics market in 2023 owing to the growing incidence of skin disorders and increasing adoption of dermatologist-recommended treatments and prescriptions for managing skin conditions effectively. For instance, Unilever introduced a new range of Dove dermocosmetics in February 2024 that is intended for sensitive skin and includes prebiotics to build the skin barrier. Additionally, the aesthetic dermatology segment is predicted to grow at the fastest CAGR during the forecast period owing to the growing consumer desire for youthful appearance, rising demand for anti-aging treatments, and advancements in aesthetic dermatology procedures and products.
By distribution channel, the pharmacies and drugstores segment accounted for the highest revenue-grossing segment in the global dermocosmetics market in 2023 owing to the convenience, accessibility, and trust associated with pharmacists' recommendations and dermatologist-endorsed products sold in these outlets. For instance, the professional skincare brand SkinCeuticals launched SkinCeuticals SkinLab by Barba Skin Clinic in Florida in February 2022. In collaboration with board-certified dermatologist Dr. Alicia Barba, this skin lab was established to offer a range of dermatological treatments through the use of professional-grade skincare products that are supported by research. Such programs are anticipated to propel market expansion. Additionally, the online retail segment is predicted to grow at the fastest CAGR during the forecast period owing to the rapid digitalization of shopping habits, increasing internet penetration, and the convenience of browsing a wide range of products from the comfort of home.
North American region is anticipated to have the highest revenue share during the forecast period owing to the high consumer disposable income, advanced skincare infrastructure, and widespread adoption of dermatocosmetic products driven by beauty trends and dermatologist recommendations. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the growing population, rising disposable incomes, increasing urbanization, and a burgeoning beauty and skincare market fueled by changing consumer preferences and awareness. For instance, the L'Oréal Group launched L'Oréal Dermatological Beauty (LDB) in India in September 2023, marking the company's entry into the dermocosmetic industry in that country.
This extensive research report concentrates on the size and projections of the global and regional markets from 2023 to 2034.
Advances in skincare technologies have resulted in the creation of sophisticated dermatocosmetic solutions that exhibit enhanced safety and efficacy characteristics. Technological advancements like nanotechnology, encapsulation, and targeted delivery systems improve the efficacy of products by increasing the penetration of active chemicals into the skin. For instance, L'Oréal expanded its footprint in the lucrative Asian market in June 2023 when it paid $1.3 billion to acquire Yuesai, a Chinese beauty brand situated in Hangsha.
By type, the skincare segment accounted for the highest revenue-grossing segment in the global dermocosmetics market in 2023 owing to the growing consumer awareness about skincare, increasing prevalence of skin concerns, and continuous innovation in product formulations. For instance, Johnson & Johnson announced in July 2022 that it would be collaborating with dermatologist Dr. Anna Chien to introduce a new range of dermocosmetics that would target multicultural skin tones and issues. Additionally, the haircare segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising demand for specialized haircare products addressing various scalp and hair concerns, including hair loss, dandruff, and damage repair, coupled with increasing emphasis on hair health and appearance.
By application, the medical dermatology segment accounted for the highest revenue-grossing segment in the global dermocosmetics market in 2023 owing to the growing incidence of skin disorders and increasing adoption of dermatologist-recommended treatments and prescriptions for managing skin conditions effectively. For instance, Unilever introduced a new range of Dove dermocosmetics in February 2024 that is intended for sensitive skin and includes prebiotics to build the skin barrier. Additionally, the aesthetic dermatology segment is predicted to grow at the fastest CAGR during the forecast period owing to the growing consumer desire for youthful appearance, rising demand for anti-aging treatments, and advancements in aesthetic dermatology procedures and products.
By distribution channel, the pharmacies and drugstores segment accounted for the highest revenue-grossing segment in the global dermocosmetics market in 2023 owing to the convenience, accessibility, and trust associated with pharmacists' recommendations and dermatologist-endorsed products sold in these outlets. For instance, the professional skincare brand SkinCeuticals launched SkinCeuticals SkinLab by Barba Skin Clinic in Florida in February 2022. In collaboration with board-certified dermatologist Dr. Alicia Barba, this skin lab was established to offer a range of dermatological treatments through the use of professional-grade skincare products that are supported by research. Such programs are anticipated to propel market expansion. Additionally, the online retail segment is predicted to grow at the fastest CAGR during the forecast period owing to the rapid digitalization of shopping habits, increasing internet penetration, and the convenience of browsing a wide range of products from the comfort of home.
North American region is anticipated to have the highest revenue share during the forecast period owing to the high consumer disposable income, advanced skincare infrastructure, and widespread adoption of dermatocosmetic products driven by beauty trends and dermatologist recommendations. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the growing population, rising disposable incomes, increasing urbanization, and a burgeoning beauty and skincare market fueled by changing consumer preferences and awareness. For instance, the L'Oréal Group launched L'Oréal Dermatological Beauty (LDB) in India in September 2023, marking the company's entry into the dermocosmetic industry in that country.
This extensive research report concentrates on the size and projections of the global and regional markets from 2023 to 2034.
Report Scope:
- Base Year: 2023
- Forecast Period: 2024-2034
- Study Coverage
- Market Forecast by Type, Application, and Distribution Channel
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of the Top 10+ Major Market Players
- 20% Free Customization Available to Meet Your Exact Requirement
Segmentation: Dermocosmetics Market Report 2023 - 2034
Dermocosmetics Market Analysis & Forecast by Type 2023 - 2034 (Revenue USD Bn)
- Skincare
- Haircare
- Makeup
- Oral Care
- Others
Dermocosmetics Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Bn)
- Medical Dermatology
- Aesthetic Dermatology
- Haircare
- Others
Dermocosmetics Market Analysis & Forecast by Distribution Channel 2023 - 2034 (Revenue USD Bn)
- Pharmacies and Drugstores
- Specialty Stores
- Online Retail
- Department Stores
- Others
Dermocosmetics Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Dermocosmetics Market: Type Estimates & Trend Analysis
8. Dermocosmetics Market: Application Estimates & Trend Analysis
9. Dermocosmetics Market: Distribution Channel Estimates & Trend Analysis
10. Regional Market Analysis
11. North America Dermocosmetics Market
12. Europe Global Dermocosmetics Market
13. Asia Pacific Global Dermocosmetics Market
14. Latin America Global Dermocosmetics Market
15. MEA Global Dermocosmetics Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- L'Oréal S.A.
- Johnson & Johnson
- Beiersdorf AG
- Unilever
- Procter & Gamble
- Estée Lauder Companies Inc.
- Shiseido Company
- Limited
- Avène (Pierre Fabre Group)
- La Roche-Posay (L'Oréal S.A.)
- Vichy (L'Oréal S.A.)
- CeraVe (L'Oréal S.A.)
- Neutrogena (Johnson & Johnson)
- Bioderma (NAOS Group)
- Galderma Laboratories L.P.
- SkinCeuticals (L'Oréal S.A.)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | October 2024 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value ( USD | $ 39.35 Billion |
| Forecasted Market Value ( USD | $ 112.51 Billion |
| Compound Annual Growth Rate | 10.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 16 |
