The global Anti-Acne Cosmetics Market size is expected to reach USD 8.91 billion by 2030 registering a CAGR of 9.0%, according to a new report by Grand View Research, Inc. The high psychological burden associated with acne, especially among women, is expected to be the key growth-driving factor for the market. Moreover, the easy availability of various products to treat acne is anticipated to support the market growth. According to the American Academy of Dermatology, it is one of the common skin disorders in the U.S., affecting approximately 50 million individuals every year, with nearly 85% of individuals between the age group of 12 and 24 years having minor acne. Thus, a high prevalence of this skin disorder is also anticipated to fuel the product demand, thereby augmenting the market growth.
Furthermore,
according to a study conducted by SkinStore, an average American woman uses
nearly 16 skincare products per day and spends approximately USD 8
each day on facial cosmetics products. Such beauty regimes are also anticipated
to propel market growth. According to a University of Limerick study, the
negative social stigma associated with this skin disorder reduces the quality
of life of individuals, increases their psychological distress, and causes
physical problems, such as headaches, sleep disturbance, and gastrointestinal
issues. This is also anticipated to increase the product demand over the coming
years.
Related Press
Release@ Anti-acne
Cosmetics Market Report
Anti-acne Cosmetics Market Report Highlights
- The creams
& lotions segment dominated the market in 2020 as the cream is the
first line of therapy for all types of acne and it also provides skin
moisturization
- The others
product segment is expected to register the fastest CAGR over the forecast
period due to the lightness of these products on the skin and compatibility
with various skin types, as compared to creams & lotions
- The women
end-use segment held a dominant share of the market in 2020 and is
expected to grow at the fastest CAGR during the forecast period, owing to
a high prevalence of acne and other skin disorders
- Asia Pacific
is anticipated to be the largest as well as the fastest-growing regional
market from 2021 to 2028 due to increasing disposable income levels and
growing population in developing countries
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, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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