Anti-Acne
Cosmetics Market Size, Share, Growth Insight, and Future Forecast - 2031
The global anti-acne cosmetics market is estimated to
grow at a CAGR of nearly 8.0% during the forecast period. Rising demand for
cosmetics among men and women are supporting to drive market growth. There is a
considerable rise in the adoption of cosmetic products owing to the increasing
concerns related to skin problems and self-consciousness about appearance. The
major players operating in the cosmetics segment include L’Oréal SA, Unilever
PLC, and Johnson Services, Inc. These companies are generating the largest
revenue from global markets. For instance, L’Oréal Active Cosmetics segment
generated revenue of nearly $3 billion in 2019, reported growth of 17.1% from
2018.
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Under
the Active Cosmetics division, the company’s member family of brands, such as
La Roche-Posay, Vichy, SkinCeuticals, and CeraVe reported positive growth in
2019. These member brands offerings include skincare, body lotion, and
sunscreen products. La Roche-Posay recorded double-digit growth and gained
market share across all the regions, as well as passed $1 billion sales mark.
Vichy constantly growing, with especially better performances in Latin America
and Eastern Europe. SkinCeuticals is growing across all regions, particularly
in China and the US, where sales have nearly tripled in a year. CeraVe, which
is recording remarkable growth in the US, remains to expand globally.
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All
the regions led the growth, with optimal performances, especially in North
America and Asia. The Active Cosmetics Division is growing across all
distribution channels and constantly accelerate in e-commerce. Rising awareness
regarding prevention and treatment of skin problems, including acne, is
contributing to the increasing revenue of the L’Oréal Active Cosmetics segment,
which in turn, is increasing its market share. Further, Asia-Pacific countries
have been witnessing an enormous demand for cosmetics products. For instance,
as per the International Trade Administration (ITA), South Korea is the 8th
largest cosmetics market across the globe, which represents approximately 3.0%
of the global market.
In
2017, South Korea cosmetics market was stood at nearly $8.8 billion and the
total exports and total local production increased by nearly 18.3% and 3.6%,
respectively from 2016. According to Korea Customs Service statistics, skincare
cosmetics is the largest import category, stood at 47.5%, or $726 million, of
total cosmetic imports in 2017. The US is the largest exporter to Korea
in 2016, followed by France ($363 million) and Japan ($210 million). In South
Korea, e-commerce distribution channels are becoming significantly popular
owing to the increasing smartphone ownership rate/broadband penetration rate
and fast average internet speed.
Sales
through mobile shopping have increased considerably over the years. As per the
Korean National Statistical Office, online shopping market transactions
increased 19.2% year-on-year to $68 million in 2017. Among these, mobile
shopping transactions valued $42 billion, increased 35% from 2016, accounting
for 61% of total online shopping. The increasing e-commerce market has led to
the demand for skincare products through online channels. As a result, the
providers of cosmetic products are focusing on introducing skincare products
through e-commerce platforms. For instance, L’Oréal partnered with Boutiquaat,
an e-commerce site in the Middle East that hosts over 200 beauty influencers.
This, in turn, will enable to strengthen their position in the Middle East.
Anti-Acne
Cosmetics Market Segmentation
By
Product
By
End-Use
By
Distribution Channel
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