Anti-Acne Cosmetics Market Projected to Witness a Double-Digit CAGR During 2028 | TMR Research
Now-a-days, cosmetic companies are coming up with advanced beauty products that claim to reduce the acne, along with better complexion care. These companies test and come up with advanced version of their existing products, along with several new products to meet the customers’ demand.
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Among several cosmetic products available in the market, creams and lotions are used at a large scale. The segment held a massive share of the global anti-acne cosmetics market. The rising demand for moisturizers, body lotions, and sunscreens is the key factor behind increasing sales in cream and lotions across the globe. Besides, rising awareness about self-care and grooming has also boosted the demand for anti-acne foundations, compacts, complexion care, and other similar products, fueling the growth of creams and lotions in anti-acne cosmetics market.
Anti-Acne Cosmetics Market: Novel Development
Recently, a leading player, Incospharm launched a cosmetic product with autophagy-induced ingredients which restores hydrolipidic film of the skin, treating the acne. The product was launched at Korea trade shoe. The product is named Sebodulin, a newest range in Incospharm portfolio, consisting autophagy-activating peptides.
Moreover, Ahava Dead Sea laboratories developed a cosmetic using Dead Sea extracts and apple of Sodom, a native fruit, The combination is used to prevent, protect, and treat skin inflammation. The formulation is claimed to be used in pharmaceutical and skin care compositions in several leave-on products, such as gels lotions, sunscreen, masks, ointment, make-up, foam, and sprays. This helps in treating various skin conditions.
These are some of the leading examples, taking the global anti-acne cosmetics market by a stride. The market is expected to experience a notable rise in the span of coming years, due to increasing innovations in the market.
Anti-Acne Cosmetics Market Dynamics
Adolescents Prone to Acne Fuel Demand in Global Market
There are a lot of negative stigma regarding acne, along with increase in usage of cosmetic products by women and men. Acne is one of the most common skin issues, especially in adolescents. Based on the article by European Academy of Dermatology and Venereology journal, around 85% of girls and 95% of boys tend to get acne in their teenage. This rising cases of acne in young population is another major aspect boosting the growth in global anti-acne cosmetics market.
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People suffering from acne are also prone to be affected by depression, low self-esteem, aloofness, and poor life quality. This is credited to the mental and emotional connection of an individual and outer appearance. These psychological impacts are as well foreseen to uplift the demand in the global market.
Anti-Acne Cosmetics Market: Regional Analysis
Asia Pacific Being Largest Exporter to Lead Global Market
Asia Pacific led the market in 2018 and is estimated to witness lucrative growth over the forecast period. Asia Pacific is the largest potential export market for U.S. based products owing to the presence of over 3 billion potential consumers. Economies, such as Australia, Japan, and South Korea are some of the largest consumers. In addition, Vietnam, Malaysia, and Indonesia are a few other regions expected to witness high demand during the forecast period.
China is one of the most promising cosmetics markets in Asia Pacific. This can be attributed to the fascination of the Chinese population with high-end foreign brands, as nearly 80% of the country’s cosmetics market is dominated by western brands.
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