The anti-acne cosmetics market is estimated to be valued at US$ 2718.35 Mn in 2023 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Anti-acne cosmetics include cleansers, toners, serums, masks and moisturizers. They are specially formulated to treat acne by removing dirt, oil and excess sebum from the skin without over-drying. They also contain ingredients like salicylic acid, benzoyl peroxide, tea tree oil and glycolic acid which have anti-bacterial and anti-inflammatory properties to help clear acne breakouts.
The anti-acne cosmetics market is primarily driven by the increasing prevalence of acne vulgaris across all age groups. Acne is one of the most common skin conditions affecting people aged between 12 to 24 years. Moreover, rising pollution levels and changing lifestyles have made acne more prevalent in younger children as well as older adults. Additionally, growing awareness about available cosmetic treatments for acne prevention and management through online beauty blogs and social media marketing is also fueling the adoption of anti-acne cosmetics. However, availability of cheaper generic products from local manufacturers poses a challenge for established brands in price sensitive markets.
Strength: The anti-acne cosmetics market has strong growth potential due to the increasing prevalence of acne among young adults and teenagers. The wide variety of anti-acne products available catering to different skin types and conditions also acts as a strength. Moreover, rising awareness about skincare routines and availability of natural and herbal anti-acne products further boost the market growth.
Weakness: High cost of new product development and clinical trials can be a challenge for new entrants in the market. Additionally, presence of counterfeit products offering lower quality can hamper the brand loyalty for established brands.
Opportunity: Increasing spending on personal care and skincare products among middle-class population in developing regions provides new opportunities. Moreover, incorporation of advanced ingredients like vitamins, minerals and herbs in anti-acne products attracts more consumers.
Threats: Stringent regulatory conditions for new product approval can delay the launch of innovative products. Growing adoption of natural and home remedies for acne treatment also poses threat to market growth.
The global anti-acne cosmetics market is expected to witness high growth, exhibiting CAGR of 4.8% over the forecast period, due to increasing prevalence of acne among young population worldwide. Growing consumer awareness about available anti-acne products and routines further boosts the market growth.
Regional analysis: North America dominates the global anti-acne cosmetics market and is expected to continue its dominance over the forecast period. This is attributed to growing acne prone population and early adoption of new treatment products in the region. However, Asia Pacific exhibits the fastest growth owing to rising disposable income, increasing focus on personal care and growing working women population.
Key players: 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. These companies hold major market share and focus on new product launches and partnership with medical professionals to strengthen their position.