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

Updated On: 22 April 2024

Professional Skincare Products Market Report Overview

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global professional skincare products market size was USD 12080 million in 2021 and market is projected to touch 16596.4 Million by 2031, exhibiting a CAGR of 3.2% during the forecast period.

Professional skincare products are specialized cosmetics designed for use by skincare professionals in salons, spas, or clinics to address specific skin concerns such as aging, hyperpigmentation, acne, and dryness. These products are formulated with advanced ingredients, and their applications are performed by trained and licensed skincare professionals. The products include serums, creams, masks, and chemical peels, among others.

The market is growing due to several factors, including the rising demand for anti-aging products, increasing awareness of the benefits of skincare, and the growing number of spas and salons globally. Furthermore, the increasing prevalence of skin problems, such as acne, hyperpigmentation, and skin sensitivity, is driving the demand for professional skincare products. In addition, the trend of customized skincare treatments and the growing popularity of organic and natural products are expected to drive the growth of the market.

COVID-19 Impact on Professional Skincare Products Market: Shifting Consumer Behavior and Supply Chain Disruptions

The global COVID-19 pandemic has had a significant impact on the Professional Skincare Products Market, with consumers demonstrating an increased interest in hygiene and self-care amidst lockdowns and social distancing measures. This trend has led to a surge in demand for the skincare such as cleansers, moisturizers, and serums, as individuals seek to maintain healthy skin while spending more time indoors.

However, the pandemic has also caused supply chain disruptions, leading to shortages of certain raw materials and packaging materials. The shutdown of manufacturing facilities and delays in shipping have further impacted the market, resulting in product shortages and price hikes.

Moreover, the economic uncertainty resulting from the pandemic has led to decreased consumer spending in some regions, leading to a shift towards more affordable skincare options and impacting the sales of high-end professional skincare products.

Despite the challenges posed by the pandemic, it has also presented new opportunities for growth, with consumers prioritizing self-care and wellness in the face of the pandemic's impact. As such, the Professional Skincare Products Market has the potential to recover and grow in the post-pandemic era.

Latest Trends

"Consumer Preference for Natural Ingredients, Leading to Growth in Professional Skincare Products Market"

The Professional Skincare Products Market is continuously evolving, with new trends and products emerging to meet the needs of consumers. One of the major trends in the professional skincare products market is the increasing demand for natural and organic skincare products as consumers become more conscious of the ingredients and their potential impact on health and the environment.

Moreover, technology is being used to enhance the efficacy of skincare products, with advanced skincare devices such as LED light therapy, ultrasonic skin scrubbers, and micro current devices gaining popularity among consumers. Leading players in the professional skincare products market are investing in research and development to create innovative products that address specific skincare concerns, such as anti-pollution skincare products. Furthermore, the pandemic has accelerated the trend of virtual consultations and e-commerce in the skincare industry, as consumers seek personalized skincare recommendations and the convenience of online shopping. The Professional Skincare Products Market is expected to continue evolving and innovating in response to changing consumer preferences and demands. 

Professional Skincare Products Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into anti-aging, anti-pigmentation, anti-dehydration, and sun protection.

• By Application Analysis

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

Driving Factors

"Increasing awareness of the importance of skincare to drive demand for skincare products"

One of the key factors driving the growth of the Professional Skincare Products Market is the increasing awareness about the importance of skin health and personal care. With rising disposable incomes and a growing emphasis on physical appearance, consumers are becoming more aware of the need to take care of their skin. This has led to a surge in demand for professional skincare products, which are seen as more effective and of higher quality than over-the-counter products.

Moreover, with the advent of social media and influencer marketing, consumers are exposed to a wider range of skincare products and are more likely to invest in professional skincare products recommended by experts.

"Rising demand for natural and organic skincare products to propel market growth"

Another driving factor in the Professional Skincare Products Market is the rising demand for natural and organic skincare products. Consumers are increasingly concerned about the potential harmful effects of synthetic ingredients found in traditional skincare products and are looking for safer and more sustainable alternatives.

As a result, manufacturers are responding by introducing natural and organic ingredients in their products, leading to a surge in demand for these products. The trend towards natural and organic products is expected to continue to drive growth in the Professional Skincare Products Market in the coming years.

Restraining Factors

"Economic Uncertainty and Stringent Regulations Impeding Growth of Professional Skincare Products Market"

The Professional Skincare Products Market is facing several restraining factors that are affecting its growth and demand. Economic uncertainty and inflation resulting from the COVID-19 pandemic have led to decreased consumer spending on non-essential items, including high-end professional skincare products. Additionally, disruptions in the global supply chain have caused shortages of raw materials and packaging materials, resulting in price hikes and reduced profitability for manufacturers.

Another restraining factor is the increasing stringency of regulations regarding the use of certain ingredients in skincare products. The ban on over 1,300 ingredients in cosmetic products by the European Union and guidelines issued by the US FDA for the use of certain ingredients may increase compliance costs for manufacturers, limit the use of certain chemicals, and affect the efficacy of skincare products, leading to reduced demand among consumers.

Professional Skincare Products Market Regional Insights

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"High Purchasing Power and Awareness to Drive Professional Skincare Products Market in North America and Europe"

North America and Europe are the top regions in the Professional Skincare Products Market, accounting for a significant part of the professional skincare products market share. The high purchasing power of consumers in these regions, coupled with the increasing awareness of the benefits of professional skincare, is driving the demand for skincare products. Moreover, the presence of key market players and the availability of advanced technologies in these regions are expected to boost professional skincare products market growth. In North America, the U.S. and Canada are the major contributors to market growth, while in Europe, Germany, France, the U.K., and Italy are the key markets for professional skincare products.

Key Industry Players

"Partnerships, New Product Launches, and Mergers and Acquisitions: Key Strategies of Industry Players to Gain a Competitive Advantage"

In the highly competitive Professional Skincare Products Market, key industry players are focusing on strategic partnerships and new product launches to gain a competitive advantage. Collaborative efforts with other companies allow for expanded resources and knowledge sharing, leading to increased innovation and market reach. Additionally, investing in new product launches and expanding product portfolios allows companies to meet the evolving demands of consumers and stay ahead of competitors. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios and increase their market share. Prominent players in the market include L'Oréal S.A., Unilever PLC, Procter & Gamble Co., Estée Lauder Companies Inc., Johnson & Johnson, Shiseido Company, Limited, Beiersdorf AG, and Avon Products, Inc.

List of Market Players Profiled

• L'Oréal
• P&G
• Estée Lauder
• Shiseido
• Unilever
• LVMH
• Chanel
• Amore Pacific Group
• LG Group
• Kanabo

Report Coverage

This research report provides an in-depth analysis of the Professional Skincare Products Market during the forecast period. The report covers various key aspects such as market size, trends, growth factors, challenges, opportunities, and competitive landscape analysis. The report also provides a comprehensive analysis of the market segmentation, regional analysis, and key players operating in the market.

Moreover, the report includes the impact of COVID-19 on the market and its future outlook. The report is subject to changes based on the market dynamics and the strategies adopted by key players in the market. The research report is designed to provide a complete understanding of the market to investors, stakeholders, and industry participants.