Dermocosmetics Market Analysis

Product (Skin Care, Hair Care)

In dermocosmetic market, skin care segment is poised to capture around 66.2% revenue share by the end of 2037. It is driven primarily by the escalating consumer focus on skin health and wellness. The insight into the role of environmental factors as well as lifestyle choices and their influence on the development of skin conditions has increased. For instance, in January 2023, L'Oréal unveiled the brow care and skin supplements and promoted them during the annual CES tradeshow of the Consumer Technology Association. This shift has left the brands to innovate incessantly by formulating advanced products that satisfy diverse concerns of the skin, which in turn places the skincare segment at the very forefront of the growth of the overall dermocosmetics market.

Distribution Channel (Supermarket and Hypermarket, Pharmacies and Drug Stores, Online e-commerce Channels, Other Distribution Channels)

The pharmacies and drug store segment is emerging as one of the most prominent channels for the distribution of dermocosmetics, largely driven by consumer trends of preferring accessible and trustworthy retail environments. For instance, in February 2022, SkinCeuticals launched SkinCeuticals SkinLab by Barba Skin Clinic. This skin lab was launched in association with board-certified dermatologist Dr. Alicia Barba with a vision to provide a combination of dermatological services by using science-backed clinical-grade skincare products. Such one-stop shopping for prescription and dermocosmetics boosts consumer confidence and increases the opportunities for impulse buying. Thus, the market is supported by the inherent credibility of pharmacy outlets where the consumer's primary intention lies on specific dermatology-based skincare products.

Our in-depth analysis of the global dermocosmetics market includes the following segments: