Press release
Professional Skincare Market Growth Accelerates: Strategic Forecast Predicts $57.54 Billion by 2029
Professional Skincare
What Will the Professional Skincare Industry Market Size Be by 2025?
The market size for professional skincare has seen significant growth in the past years. It is projected to expand from $43.14 billion in 2024 to $45.57 billion in 2025, with a compound annual growth rate (CAGR) of 5.7%. The observed growth during the historic period is due to factors like progress in dermatology, developments in cosmetic chemistry, the emergence of the beauty industry, increased consumer knowledge and awareness, as well as technical advancements.
What's the Long-Term Growth Forecast for the Professional Skincare Market Size Through 2029?
The size of the professional skincare market is anticipated to witness robust expansion in the approaching years, reaching $57.54 billion in 2029 with a 6.0% compound annual growth rate (CAGR). The projected growth within this period is due to several contributing factors including a surge in the number of spas, the growing elderly demographic, an increase in disposable income, heightened skincare awareness, and a tendency towards natural and organic products. Notable trends expected within the forecast period encompass custom skincare solutions, the rise of the clean beauty movement, sustainability and environmentally friendly practices, cutting-edge anti-aging therapies, and skincare that supports the microbiome.
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What Are the Key Growth Drivers Fueling the Professional Skincare Market Expansion?
The boom in e-commerce is projected to spur the expansion of the professional skincare market in the future. This online business model, which enables the trading of products and services over the internet, is being propelled by ease of use, broader internet accessibility, and a shift in consumer behavior towards online shopping. E-commerce allows consumers to obtain high-quality specialized skincare products and tailored advice, boosting their overall convenience. As per the United States Census Bureau, a governmental entity in the US, retail e-commerce sales in the US hit a high mark of $289.2 billion in the first quarter of 2024. This was up by 2.1% (±0.7%) compared to the final quarter of 2023. As such, the professional skincare market's growth is being fueled by the surge in e-commerce.
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What Are the Key Trends Driving Professional Skincare Market Growth?
Prominent businesses in the professional skincare market are concentrating on creating innovative products like age-defying moisturizers in an effort to maintain their market dominance. Age-defying moisturizers are skincare items that aim to minimize the obvious indicators of aging on the skin, such as wrinkles, fine lines, and sagging. For example, in March 2024, an American cosmetics company called Revision Skincare introduced a new sunscreen product named Intellishade TruPhysical Clear. This 4-in-1 daily age-defying moisturizer comes with a broad-spectrum SPF 50. The product is entirely oil-free and contains 100% all-mineral UV filters, designed to boost the skin's natural glow without leaving a white residue or shine. The primarily skincare formula provides prolonged hydration and diminishes wrinkles and fine lines, while also brightening and evening skin tone and reducing the signs of photoaging and damage from free radicals.
How Is the Professional Skincare Market Segmented?
The professional skincaremarket covered in this report is segmented -
1) By Type: Anti-Aging, Anti-Dehydration, Sun Protection, Anti-Pigmentation
2) By Composition: Organic Or Natural, Conventional
3) By Price Range: Economy, Mid-Range, Premium
4) By Distribution Channel: Offline Retail Stores, Online Retail Stores
5) By Application: Spas, Salons, Retail Stores, Medical Institutions, Other Applications
Subsegments:
1) By Anti-Aging: Wrinkle Reduction, Firming And Lifting, Collagen Boosting, Fine Lines Treatment, Skin Texture Improvement
2) By Anti-Dehydration: Hydrating Serums, Moisturizing Creams And Lotions, Hydrating Masks, Emollients, Humectants (Glycerin, Hyaluronic Acid)
3) By Sun Protection: Sunscreen Lotions And Creams, Spf Serums, Tinted Sunscreens, Sunblocks (Physical And Chemical Filters), After-Sun Products
4) By Anti-Pigmentation: Brightening Serums, Hyperpigmentation Treatments (Dark Spots, Age Spots), Vitamin C-Based Products, Exfoliating Acids (Ahas, Bhas), Retinoids And Derivatives
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Which Companies Are Leading the Charge in Professional Skincare Market Innovation?
Major companies operating in the professional skincare market are L'Oréal S.A., Unilever PLC, ZO Skin Health Inc., BABOR Cosmetics America Corp., Revision Skincare LLC, Obagi Medical Products Inc., Osmosis Skincare, GloProfessional Inc., PCA Skin LLC, Murad LLC, Elemis Limited, Sente Inc., Image Skincare LLC, Neocutis Inc., EltaMD Inc., Jan Marini Skin Research Inc., Natura Bissé International S.A., Biologique Recherche, Pevonia International LLC, Episciences Inc., Alastin Skincare Inc., HydroPeptide LLC, iS Clinical, Environ Skin Care Pty Ltd, Lancer Skincare LLC, Vivant Skin Care LLC, Cosmedix LLC
Which Regions Are Leading the Global Professional Skincare Market in Revenue?
Asia-Pacific was the largest region in the professional skincare market in 2024. The regions covered in the professional skincare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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