The global anti-acne cosmetics market size is expected to reach USD 3.88 billion by 2026 according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 8.2% during the forecast period. The high psychological burden associated with acne is mainly expected to drive the anti-acne cosmetics market. Moreover, easy availability of anti-acne products through several offline and online shops is also anticipated to drive the growth.
Multiple therapeutic regimens are being followed across the globe in attempts to come up with a reliable treatment for Covid-19. One line of treatment includes the use of hydroxychloroquine, while a second treatment line focuses to use antiviral drugs used in the disease management of HIV. Both these approaches have surged demand from advanced antivirals and antimalarial drugs. This impacts the drug manufacturers as an off label indication for these drug classes has to be worked upon. At the moment, the WHO has not prescribed any of these approaches, neither they have commented if one is better than the other. The report will account for Covid19 as a key market contributor.
According to the America Academy of Dermatology, acne is one of the common skin disorders in U.S., affecting approximately 50 million individuals every year with nearly 85% individuals between the age group of 12 to 24 years suffering from minor acne. Thus, such high prevalence among adolescents and young adults is anticipated to fuel the market growth.
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According to a study conducted by SkinStore, an average American women uses nearly 16 skin care products on her face daily and spends approximately USD 8 every day on facial cosmetics products to prevent acne, pigmentation, blemishes, dark circles, and wrinkles. Such beauty regimes are anticipated to propel the market growth.
Anti-acne Cosmetics Market Report Highlights
Creams and lotions segment led the market in 2018 as acne cream is the first line of therapy for all types of acne and it also provides skin moisturization, thus reducing skin dryness caused by acne
The others segment is expected to expand at a rapid pace over the forecast period, due to the compatibility of these products with various skin types and their lightness on skin as compared to creams and lotions
Women segment held the dominant market share in 2018 and is expected to grow at a remunerative rate during the forecast period owing to high prevalence and awareness regarding the same
Asia Pacific is anticipated to grow significantly over the forecast period due to increasing disposable income in developing countries as well as increasing population leading an unhealthy lifestyle
Some of the key players in the anti-acne cosmetics market are Neutrogena; Clinique; Murad; Kose; LaRochPosay; Mentholatum; L’Oréal; Proactiv; and Vichy
According to a study by the University of Limerick, negative social stigma associated with acne reduces the quality of life of individuals, increases their psychological distress, and causes physical problems such as headaches, sleep disturbance, and gastrointestinal issues. Hence, the negative perceptions associated with acne is anticipated to increase the demand for anti-acne cosmetics.
Acne is a highly prevalent skin disorder among adolescents. According to an article published by the Journal of The European Academy of Dermatology and Venereology, more than 95% of boys and nearly 85% of girls are affected by acne during their adolescence. Out of these nearly 40% experience, moderate‐to‐severe acne, and nearly 50% continue to have acne in their adulthood. A high prevalence of acne, especially among the young population, is anticipated to fuel market growth.
Acne patients are prone to suffer from anxiety, depression, low self-esteem, poor quality of life, and loneliness. This can be attributed to the emotional and mental associations an individual has with his/her appearance. These psychological effects are also indirectly fueled by increasing usage of social media and photo-editing apps.
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Grand View Research has segmented the global anti-acne cosmetics market on the basis of product, end use:
Anti-acne Cosmetics Product Type Outlook (Revenue, USD Million, 2015 - 2026)
Creams & Lotions
Cleansers & Toners
Anti-acne Cosmetics End Use Outlook (Revenue, USD Million, 2015 - 2026)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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