The global Anti-acne Cosmetics Market is estimated to be valued at US$ 2718.35 Mn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Anti-acne cosmetics products are specifically developed to treat acne and prevent breakouts. These products contain ingredients such as salicylic acid, benzoyl peroxide, and retinoids which help unclog pores and kill acne-causing bacteria. Anti-acne cosmetics include face washes, toners, moisturizers, masks, and spot treatments. The growing demand for natural and organic ingredients in cosmetic products is driving manufactures to develop natural anti-acne products.
Market key trends:
Rising awareness about cosmetic treatments for acne through digital and social media marketing is driving the growth of the anti-acne cosmetics market. According to the American Academy of Dermatology, acne is the most common skin condition in the United States, affecting up to 50 million Americans annually. This has resulted in increased adoption of cosmetic products specially designed to treat acne. Furthermore, demand for multi-functional cosmetic products with anti-aging and skin brightening benefits in addition to acne-fighting properties is expected to boost the market growth during the forecast period. Manufacturers are focusing on research & development activities to develop advanced anti-acne formulations using herbal and ayurvedic ingredients to cater to the demand for natural and organic products.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate due to high capital requirements for R&D and manufacturing in the anti-acne cosmetics market.
Bargaining power of buyers: The bargaining power of buyers is high due to availability of substitutes and increased awareness about product ingredients among consumers.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as there are many suppliers for raw materials used in anti-acne cosmetics.
Threat of new substitutes: The threat of substitutes is high due to availability of alternative acne treatment options such as medicines and lasers.
Competitive rivalry: High due to the presence of numerous international and domestic players in the market.
Key Takeaways
The global anti-acne cosmetics market is expected to witness high growth, exhibiting CAGR of 4.8% over the forecast period, due to increasing awareness about acne-causing ingredients and availability of natural and organic products.
Regional analysis: North America dominates the market and is expected to continue its dominance over the forecast period. Growing cases of acne caused by environmental pollution and changing lifestyle in countries like the U.S and Canada are fueling the market in the region. Asia Pacific is expected to grow at the fastest pace during the forecast period due to rising spending on personal care in countries like China and India.
Key players: Key players operating in the anti-acne cosmetics market are Clinique Laboratories, LLC., Neutrogena, Ancalima Lifesciences Ltd., Guthy-Renker, Murad Inc, L’Oréal S.A., The Mentholatum Company Inc., Kosé Corporation, and Galderma Laboratories LP. Clinique Laboratories LLC commands the major share of the market owing to its wide range of products for all skin types.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
