Professional Skincare Market Size, Share, Growth, and Industry Growth, By Type (Anti-Aging, Anti-Dehydration, Sun Protection, and Anti-Pigmentation), By Application (Spas and Salons, Retail Stores, Medical Institutions, and Others), Regional Forecast To 2031

Updated On: 20 November 2023

Professional Skincare Market REPORT OVERVIEW

• 
• Request A Free sample to learn more about this report

The global professional skincare market size was USD 1250 million in 2022 and is projected to touch USD 16596.48 million by 2031, at a CAGR of 3.2% during the forecast period.

Professional skincare includes products that are made for specific skin types. They are made for specific skin types that are used to cater for specific skin needs. They are made for numerous skin problems such as patches, burns, itchy skin, dry skin, patchy skin, and other skin conditions. It includes products such as lotions, powders, and creams. They are made for women and men for the purpose of moisturizing, cleansing, and hydration.  

Rising use of professional skincare products is propelled by the awareness regarding skin healthy is expected to increase the market growth. Increasing awareness regarding personal grooming amongst all age groups is anticipated to drive market growth. Growing skin-related problems is notably increasing the demand for increasing the demand for skincare products. Rising advertisement and promotion activities to make people aware regarding the benefits of the skincare products is projected to drive market size.

COVID-19 Impact: Online Sales of Skincare Products Supported Market Growth

The effects of the COVID-19 pandemic are already being felt on a global level, the professional skincare market was considerably influenced. The outbreak of COVID-19 had a negative impact on several markets. Various countries went into lockdown. With sudden pandemic, all kinds of businesses observed disruptions. During the pandemic closure of brick and mortar stores halted the growth for skincare market as supply of skincare products was disrupted. However, people during the pandemic became more aware regarding their skin health. This created the demand for such products through e-commerce channels.

LATEST TRENDS

"Innovative Advertisement Campaigns to Propel Market Growth"

The global professional skincare market growth is projected to increase owing to innovative advertisements and online campaigns. Global market for skincare is growing mainly aided by digital marketing. Many innovative digital marketing campaigns have been adopting new strategies to make consumers aware and engage them. Success of such campaigns have been able to create strong brand image for skincare product manufacturers. Social media have been quite successful to pave new pathways for adoption of new skincare products, skincare routine, and trends. In addition, introduction of AI and IoT-based devices offers new and advanced beauty routines. Such introduction of innovative advertisement campaigns is estimated to produce profitable prospects for market growth during the forecast period.

Professional Skincare Market SEGMENTATION

• 
• Request A Free sample to learn more about this report

• By Type

Based on type; the market is divided into anti-aging, anti-dehydration, anti-pigmentation, and sun protection.

Anti-aging is expected to be the leading part of the type segment.  

• By Application

Based on application; the market is divided into spas and salons, retail stores, medical institutions, and others.

Retail stores is expected to be the leading part of the application segment.  

DRIVING FACTORS

"Awareness Regarding Personal Grooming to Heighten Market Growth "

Rise in the concerns and awareness for personal grooming skin nourishment is expected to drive market growth. There has been rise in the skin concerns such as black spots, acnes, tanning, scars, dullness, and other skin problems. Such skin problems are leading the demand for skin brightening and nourishing products such as scrubs, toners, and other nourishing products. This has made consumers aware about the importance of personal grooming. Changing lifestyles and expenditure patterns of consumers for beauty care products is predicted to drive market growth. Demand for sunscreen creams and other creams is also increasing owing to continuous exposure to sun. Growing demand from urban population for personal grooming products is predicted to fuel professional skincare market growth.

"Escalating Demand from Urban Population to Boost Market Development"

Changing consumer habits and consumer behavior in the urban population is anticipated to create demand for the product. Escalating demand from urban areas due to customer inclination towards skincare products due to increasing disposable incomes amongst consumers. Intense advertising activities and introduction of innovative skincare products that are professional curated for different skin types. Increasing number of women choosing anti-aging products and skin nourishing products is expected to support the demand for skincare products.   

RESTRAINING FACTORS

"Excess Use of Skincare Products to Impede Market Development"

There are a number of factors that can boost the growth of professional skincare market. Regular and continuous usage of such products can damage the skin cells which can cause redness, irritation, discoloration, quick aging, and burning sensation. Not every skin product is suitable for all skin types. Ingredients and chemicals used to make skincare products might not be suitable for all the skin types. Such side effects are expected to decrease market growth and act as restraint.

Professional Skincare Market REGIONAL INSIGHTS

• 
• Request A Free sample to learn more about this report

"Asia Pacific to Lead the Market Share Due to Expansion in Skincare Industry "

Asia Pacific to have dominating part in the global professional skincare market share owing to expansion in the skincare industry. Progressive demand from countries such as India, Korea, Japan, and China are some of the key markets for the skincare industry which is expected to increase the market share for the region. Rising urbanization is projected to create demand for skincare products owing to rise in the disposable incomes from the consumers. Various government policies for skin care products of the region is expected to drive the market share. Willingness of consumers to look young and have a healthy skin is expected to boost region’s growth during the forecast period.

KEY INDUSTRY PLAYERS

"Market Players to Boost Market Growth"

The report delivers information about the list of market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• L'Oreal (France)
• Clarins (France)
• Guinot (U.K.)
• Aveda (U.S.)
• SkinMedica (U.S.)
• Obagi Medical (U.S.)
• Dermalogica (U.S.)
• 302 Skin Care (U.S.)
• BABOR (U.S.)
• Murad (Canada)
• REN (U.S.)
• Bioelements
• Dermstore (U.S.)

INDUSTRIAL DEVELOPMENT

July 2022: Medpeel has announced their launch of new collection for skincare that helps in optimization of skincare regimen. The new collection will include their skin balancing cleansing gel, resurfacing aha/pha exfoliating scrub, hydra plump hyaluronic serum 2.5%, dark spot corrector, age reverse eye cream, advanced repair daily moisturizer, and youth restore firming ceramide cream.

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.