JULY 30, 2019: The global anti-acne cosmetics market size is expected to reach USD 3.88 billion by 2026 according to a new report by Radiant Insights, 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.
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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.
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.
Further key findings from the report suggest:
• 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’Oreal; Proactiv; and Vichy
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market segmentation & scope
1.2. Information procurement
1.2.1. Purchased database
1.2.2. GVR’s internal database
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Anti-Acne Cosmetics Market Variables, Trends & Scope
3.1. Market Lineage outlook
3.1.1. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. User perspective analysis
Continued…
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About Radiant Insights:Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 201 Spear St #1100, Suite #3036
City: San Francisco
State: California
Country: United States
For more information, Visit: http://www.radiantinsights.com
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 201 Spear St #1100, Suite #3036
City: San Francisco
State: California
Country: United States
For more information, Visit: http://www.radiantinsights.com
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