May 18, 2024

Impact of COVID-19 on the Anti-acne Cosmetics Market: Resilience and Adaptation

Anti-acne Cosmetics Market is Estimated to Witness High Growth Owing to Increasing Focus on Natural and Organic Ingredients

Anti-acne cosmetics are skin care products specially formulated to prevent, treat and reduce acne formation and breakouts. These products contain ingredients like salicylic acid, benzoyl peroxide, glycolic acid and tea tree oil that help unclog pores, reduce inflammation and fight bacteria. The need for anti-acne cosmetics is rising owing to changing lifestyles and diets that increase stress levels and hormone imbalance in teenagers as well as adults.

The Global anti-acne cosmetics market is estimated to be valued at US$ 2591.87 Mn in 2024 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 to 2030.

Key Takeaways

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. The increasing demand for organic and natural anti-acne products offers significant growth opportunities to players focusing on sustainable and clean-label ingredients. Brands are innovating formulations incorporating ingredients such as botanical oils, honey and hyaluronic acid that offer natural treatment of acne with minimal side effects. Furthermore, advancements in delivery systems such as serums, gels and peels allow for deeper penetration of active components for more effective prevention and treatment of acne.

Market drivers

The increasing focus of consumers on natural and organic ingredients is a major driver for the anti-acne cosmetics market. Exposure to chemicals in synthetic cosmetic products can cause further damage to acne-prone skin. Rising health awareness has shifted consumer preference towards herbal and Ayurvedic anti-acne solutions. The availability of extensive product information online also drives trial and repeat purchase of eco-friendly cosmetic brands. Therefore, the adoption of natural formulas without sulphates, phthalates and other harsh chemicals will continue fuelling market demand in the coming years.

Current challenges in Anti-acne Cosmetics Market

The anti-acne cosmetics market is facing various challenges currently. One of the major challenges faced by the market players is developing effective and safe products that do not cause side effects like skin dryness and irritation. There is also a challenge in changing the perception of people and convincing them to use specialized anti-acne cosmetic products instead of general skin care products. Development of cost-effective products for price-sensitive markets also poses a challenge for anti-acne cosmetics manufacturers.

SWOT Analysis

Strength: Presence of major multinational players with strong R&D capabilities and wide distribution networks.
Weakness: High costs involved in R&D, clinical trials and marketing of anti-acne products can restrain growth of small players.
Opportunity: Increasing awareness and consumer interest in natural anti-acne ingredients presents an opportunity to develop niche products catering to specific needs.
Threats: Easy availability of low-cost generic alternatives and impact of changing consumer preferences on demand stability.

Geographical regions with high market concentration

North America dominates the global anti-acne cosmetics market, both in terms of value and volume. This is attributed to factors such as high disposable income, availability of advanced products and strong awareness about skincare. Within North America, the US accounts for the largest market share currently. Western Europe is another major region for anti-acne cosmetics owing to growing focus on personal grooming and appearance-conscious populace. Asia Pacific is projected to be the fastest growing region over the forecast period with countries like China, India and South Korea emerging as highly lucrative markets. Rapid urbanization and increasing spending on beauty and personal care products are fueling market expansion across Asia Pacific.

Fastest growing geographical region

Asia Pacific region is poised to witness the fastest growth in the anti-acne cosmetics market during the forecast period from 2023 to 2030. Factors such as rising middle class population, growing awareness about skin care products especially among youth and rapid economic development in leading countries are contributing to increased adoption of anti-acne cosmetics. Changing lifestyles leading to stress and unhealthy diets have aggravated acne concerns among consumers in Asia. Furthermore, penetration of western culture and popularity of social media are increasing focus on personal appearance in Asia Pacific region. This is anticipated to significantly boost the demand for anti-acne skincare products and drive speedy market growth.

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1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it