Dermocosmetics Market Share

North America Market Statistics   

By 2037, North America dermocosmetics market is set to capture over 41.7% revenue share attributable to innovations including artificial intelligence and data analytics. It empowers brands to personalize solutions related to skin type and issue, making these solutions far more effective and satisfactory for users. In addition, the rising trend of teledermatology and virtual consultations has opened up access to professional skincare advice, enabling consumers to make informed decisions regarding their dermocosmetic purchases.

In Canada, growth in the dermocosmetics market is growing rapidly and largely due to the shift towards utilization of environmentally friendly ingredients. For instance, in June 2022, L'Oréal Canada Consumer Products Division teamed up with retail store London Drugs and waste management company TerraCycle to allow Canadians to recycle their empty cosmetics products at all London Drugs outlets across the country. Once collected, TerraCycle will break the waste down, separate it by material, and convert it into reusable recyclable forms.

The most significant growth driver in the U.S. dermocosmetics market is the growing demand for scientifically-backed formulations addressing specific skin concerns. Such an increase in the cases or incidence of diseases will lead to the increased consumption of body care products including skin cleansers, topical sebum controllers, sunscreens, and other products over the forecasted period. For instance, in August 2023, according to the data published in the National Library of Medicine, acne vulgaris is the most common skin disease that occurs in adolescents and young adults, with a prevalence rate estimated in the range of 35.0% to 90.0% in the U.S.

Asia Pacific Market Analysis

The Asia Pacific dermocosmetics market is growing rapidly primarily due to the robust population adopting skin and hair care products as well as the increasing penetration of major players in the region. Various research institutes and market players have been mounting efforts to increase healthy skin health awareness. These products are formulated to preserve the health and beauty of the skin and hair. Increasing awareness will eventually enhance the adoption of products, propelling market growth.

In India, the dermocosmetics market is growing hugely, with increasing urbanization and rising consumer disposable incomes contributing to a rise in personal grooming and skin care. The greater influence of traditional Ayurvedic and herbal formulations is a major driver of this growth. Indian consumers will always seek more natural and holistic solutions to maintaining healthy skin. For instance, in August 2022, OrgaGlo ventured into the personal care and cosmetics segment in India. It launched vegan skin and hair care products made with the finest quality natural ingredients. The India dermocosmetics landscape is uniquely positioned to leverage its rich heritage of herbal knowledge while embracing innovation, creating a dynamic market environment that caters to diverse consumer needs.

In China, the dermocosmetics market is witnessing substantial growth, significantly driven by the rapid expansion of the e-commerce sector and the increasing adoption of digital platforms for beauty product discovery and purchase. For instance, in March 2022, Florasis launched a 5-Year Eastern Beauty R&D Plan, investing more than USD 138.3 million. Eastern makeup research and product development focus on AI management of raw materials and supply chains, high-quality green cosmetics packaging materials, and visual and spatial structure research. China is now an emerging, dynamic, and changing market in the global dermocosmetics market, where consumer preference is increasingly being influenced by digital engagement and efficacy.