The global anti-acne cosmetics market is anticipated to expand at a substantial CAGR during the forecast period, 2020-2027. The growth of the market is attributed to increasing psychological burdens associated with acne.
Acne is a skin disorder that can lead to lesions called pimples or zits. Acne is generally associated with hormonal variations experienced during the adolescent stage. Acne can be classified as non-inflammatory and inflammatory, and is caused due to excess production of oil (sebum), bacteria, hormones, dead skin cells, and ingrown hairs.
Acne symptoms include pimples, inflamed blackheads, tenderness, and redness. Acne can be treated with regular medication. Anti-acne cosmetics assists in clearing pimples, blackheads, whiteheads, and other lesions. It reduces the chances of marks or scarring. Anti-acne treatment is used to prevent the formation of new pimples and reduces inflammation of the skin.
Market Trends, Drivers, Restraints, and Opportunities:
- Factors such as the high prevalence of acne, rising disposable income, growing endorsement for skincare products by celebrities, and increasing inclination towards organic cosmetics are expected to contribute to the growth of the anti-acne cosmetics market during the forecast period, 2020-2027.
- Increasing demand for anti-acne cosmetic solutions for men is anticipated to boost the market growth in the coming years.
- Rapid urbanization, rising internet penetration, and rising number of online platforms distributing anti-acne cosmetics are projected to drive the market growth.
- Side-effects associated with acne medication are expected to hinder the market growth in the coming years.
Market Segment Insights:
Advantages of creams & lotions is expected to contribute to the segmental growth
By product types, the global anti-acne cosmetics market can be categorized as mask, creams & lotions, cleansers & toners, and others. The creams & lotions segment held a considerable market share in 2019 and is expected to expand at a substantial CAGR during the forecast period, due to their advantages such as protection from skin infliction such as eczema and psoriasis. Moreover, creams are considered as the first-line therapy for all acne types and provides skin moisturization. Hence, it is expected to contribute to the market growth during the forecast period, 2020-2027.
Men segment is expected to expand at a significant CAGR during the forecast period
On the basis of end uses, the global anti-acne cosmetics market can be bifurcated into women and men. The women segment held a considerable market share in 2019, owing to high prevalence of acne in women caused by fluctuations in hormones during menstrual cycle. The men segment is projected to expand at a significant CAGR during the forecast period. Men have started paying attention to their looks and thus, are buying anti-acne cosmetics, which is driving the segmental growth. Increasing occurrence of acne in men is boosting the demand for anti-acne cosmetics for men.
Online segment is expected to account for a dominant share of the market
Based on distribution channels, the market can be segmented as online and offline. The offline segment is further divided into hypermarkets/supermarkets, specialty stores, and others. The online channel segment is expected to expand at a significant CAGR during the forecast period. This channel enables the purchase and sale of goods & services over the website without a physical medium. This is done by uploading information to the Internet for users to view and choose. Online portals, used for purchasing products, are accepted widely, as they are cost-effective and customers can avail discounts on the products. Rising use of internet is expected to increase the demand for anti-acne cosmetics in the coming years.
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