Market Analysis and Insights:
The professional skincare market is projected to reach USD 167.21 billion by 2030, with a CAGR of 6.20% from 2023 to 2030,
Driven by increasing consumer demand for effective skincare services products and growing awareness of skin health importance. Market leaders continuously innovate and introduce new products to meet rising consumer demands, and the industry is expected to maintain a strong CAGR in the coming years. Leveraging social media platforms like Instagram, Facebook, and Twitter allows reaching a broad audience while collaborating with skincare enthusiasts to help target specific demographics and enhance brand awareness. Creating and sharing high-quality skincare content not only educates consumers but also positions the business as an industry authority. Search engine optimization can boost brand visibility, while personalized SMS messages keep customers engaged and informed about new products and promotions.
Professional Skin Care Market Scope :
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 167.21 billion |
| Growth Rate | CAGR of 6.20% during 2023-2030 |
| Segment Covered | By Types,By Application,By Region. |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | L'Oreal, P&G, Estee Lauder, Shiseido, Unilever, Amore Pacific Group, LVMH, Chanel, LG Group, and Kanabo, engage in these tactics to maintain a competitive edge. |
Market Definition
Professional skincare encompasses products and treatments administered by licensed experts like dermatologists, estheticians, or cosmetologists. While they may come at a higher cost than over-the-counter alternatives, these professional options offer superior efficiency and personalization to cater to individual needs. They are formulated with top-quality ingredients, often containing a higher concentration of active compounds than their OTC counterparts. Additionally, they adhere to stricter quality controls, ensuring both safety and efficacy.
Key Market Segmentation:
Insights on Key Types:
The most popular item on the professional skincare market is chemical peels. Chemical peels are a popular and cost-effective therapy for a variety of skin conditions.Chemical peels involve the application of chemicals to remove the top layer of skin, aiming to reduce wrinkles, fine lines, age spots, and acne scars. These peels are categorized by the concentration of chemicals used. Light chemical peels are the mildest and primarily improve skin texture and appearance, while medium chemical peels are more effective in treating acne, wrinkles, and age spots. Deep chemical peels are a powerful option often used for severe acne, deep wrinkles, and advanced age spot treatment.
Microdermabrasion: Microdermabrasion is a skin exfoliation technique using fine sand or crystals, enhancing skin texture, and reducing fine lines, wrinkles, and age spots. Laser treatments, on the other hand, utilize light to address various skin concerns, including acne, age spots, wrinkles, and sun damage, offering skin rejuvenation, tattoo removal, and skin tightening.
Botox injections:Botox injections relax facial muscles to minimize wrinkles and fine lines, with popular treatment areas being the brows, space between the brows, and around the eyes. Conversely, filler injections, commonly using hyaluronic acid found in the body, reduce skin creases and wrinkles, while also enhancing lip and cheek size.
Microneedling: Microneedling is a minimally invasive technique that utilizes small needles to create tiny channels in the skin, enhancing the absorption of skincare products and diminishing the appearance of lines, wrinkles, and acne scars.
Radiofrequency treatments: Heat is used in radiofrequency treatments to increase collagen formation in the skin. This can assist in reducing drooping skin, creases, and wrinkles.
Light therapy: Light therapy is a technique that uses various types of light to treat skin conditions including acne, rosacea, and melasma.
Insights on Key Applications:
Acne treatment is the primary focus in the professional skincare industry, addressing a common skin condition that spans across various age groups. Professionals utilize skin care products and procedures to effectively treat and prevent acne by eliminating excess oil and bacteria, ultimately thwarting breakouts.
Wrinkle reduction: To lessen the visual indications of wrinkles caused by collagen and elastin loss in the skin, professional skincare treatments and products can be used. These therapies and products can help stimulate collagen synthesis and improve skin suppleness.
Sun damage repair: Using expert skincare products and treatments, sun damage, which may result in early ageing, wrinkles, and age spots, can be corrected. These treatments and goods can assist in the removal of damaged skin cells while also stimulating the creation of new, youthful skin cells.
Skin lightening: Professional skincare treatments and products offer effective solutions for various skin concerns, including hyperpigmentation, a condition characterized by dark spots on the skin. They work by reducing melanin synthesis, the pigment responsible for skin colour. Additionally, these expert skincare options can also address the removal of unwanted hair on areas like the face, arms, or legs, helping to prevent ingrown hairs and irritation, and providing a comprehensive approach to enhancing skin health and appearance.
Body sculpting: Professional skincare products and procedures can be utilized to contour the body, such as eliminating cellulite or improving the skin's look. These items and procedures can assist in increasing skin elasticity and reducing fat cell appearance.
Insights on End Users: Spas and salons play a pivotal role in the professional skin care sector, as the demand for professional skin care procedures has surged, driven by individuals seeking to improve their skin's appearance. These establishments offer a range of effective treatments, including facials, massages, and skin wraps, which often surpass the benefits of over-the-counter skincare products, contributing to an expanding market for home users who are increasingly recognizing the advantages of professional skin care products.
Hospitals and clinics: Professional skin care treatments are available at hospitals and clinics for several medical disorders such as acne, psoriasis, and eczema. These therapies can help patients enhance their quality of life and minimize their reliance on medicine.
Home users: Professional skin care goods can be purchased by home users from businesses such as cosmetics shops and department stores. Such items may be employed to improve skin appearance and prevent skin issues.
Insights on Regional Analysis:
The Asia-Pacific region dominates the professional skincare market, boasting the largest customer base and a substantial industry share. This supremacy can be attributed to a combination of factors, including the region's rising disposable income, growing awareness of the importance of skin health, and the increasing popularity of aesthetic procedures.
North America: The professional skincare market in North America is the second-largest. This is attributable to the region's substantial adoption of beauty as well as personal care goods, rising demand for anti-ageing goods, and increasing acceptance of less-invasive cosmetic operations.
Europe: Europe has the third-largest professional skincare market in the world. This is attributable to the region's excellent living standards, rising desire for organic and natural skincare items and increasing acceptance of laser treatments.
Latin America: Latin America is the fourth major professional skincare market. This is attributable to the region's expanding disposable income, increased awareness of the significance of skin wellness, and the increasing appeal of bleaching products.
Middle East and Africa: The professional skincare market in the Middle East and Africa is the smallest. However, the market is likely to expand rapidly in the next few years as a result of rising disposable income in the region, increased awareness of the value of skin health, and the growing popularity of less-invasive cosmetic operations.
Company Profiles:
In their pursuit of market dominance, organizations in the professional skincare industry employ a wide array of strategies, including product innovation, mergers, acquisitions, and strategic alliances. The major contenders in this sector, comprising industry giants like L'Oreal, P&G, Estee Lauder, Shiseido, Unilever, Amore Pacific Group, LVMH, Chanel, LG Group, and Kanabo, engage in these tactics to maintain a competitive edge.
COVID-19 Impact and Market Status
The professional skincare market has experienced a notable decline due to the COVID-19 pandemic, primarily attributed to the closure of beauty shops and spas, along with the increased prevalence of online shopping. This disruption has led to an estimated 15% contraction in the global speciality skincare industry by 2020. Nevertheless, there is optimism for recovery in the coming years, driven by the growing popularity of at-home skincare treatments and rising demand for anti-ageing creams and acne treatment products, which are expected to catalyze market growth.
Latest Trends and Innovation:
? Some particular instances of new products and treatments introduced in the professional skincare industry in 2023 include: SkinMedica TNS Essential Serum offers a combination of peptides, antioxidants, and hyaluronic acid to enhance the look of fine lines and wrinkles.
• The goal of Dermalogica Age Spot Remover is to lessen the visibility of age spots and sunspots. Niacinamide, liquorice extract, and kojic acid make up its three constituent parts.
? Murad Hydro-Cooling Eye Masks are intended to hydrate and decrease the look of dark circles and puffiness beneath the eyes. They contain a combination of chemicals, namely hyaluronic acid, peptides, and caffeine.
? The Alpha Beta Pore Perfecting and Brightening Peel by Dr. Dennis Gross is intended to exfoliate the skin while enhancing the appearance of pores. It is made up of an alpha and beta hydroxy acid (AHA and BHA) blend.
? The Sunday Riley UFO Ultra-Clarifying Face Oil is formulated to combat acne and improve the visual appeal of blemishes. It is made up of a combination of substances such as salicylic acid, tea tree oil, and niacinamide.
Significant Growth Factors:
The increasing awareness of the importance of skin health and appearance is a key driving force behind current trends in skincare. This awareness has been fueled by factors like the influence of social media, greater accessibility to skincare information, and the endorsement of products by celebrities. As people become more educated about the significance of skincare, they are increasingly willing to invest in products and services to achieve their skin-related goals. Customized skincare is gaining traction, thanks to advancements in technology such as gene sequencing and artificial intelligence, allowing individuals to tailor products to their specific needs. Social media influencers have become pivotal in promoting skincare products and treatments, reaching wide audiences and fostering trust in brands. Ongoing technological innovations are also shaping the industry, leading to more effective and efficient skincare solutions. Additionally, changing lifestyle behaviours, marked by increased stress and environmental challenges, are driving the demand for products and treatments that address the impact of these factors on skin health.
Restraining Factors:
Professional skincare products are expensive, often priced higher than over-the-counter alternatives, posing an admission obstacle for some uninformed consumers. Moreover, the increasing sophistication of over-the-counter skincare solutions has intensified competition for professional brands. The side effects associated with professional skin care products, including discomfort and allergic reactions, further deter certain customers. Additionally, the relatively lax regulations in the professional skincare market raise concerns about product safety and efficacy. Despite these challenges, the speciality skincare industry is expected to grow in the coming years, albeit at a slower pace than it might have achieved under more favourable conditions.
Key Segments of the Global Professional Skin Care Market
Type Overview
? Chemical peels
? Microdermabrasion
? Laser treatments
? Botox injections
? Filler injections
? Micro-needling
? Radiofrequency treatments
? Light therapy
Application Overview
? Acne Treatment
? Wrinkle Reduction
? Sun Damage Repair
? Skin Lightening
? Hair Removal
? Body Sculpting
End-User Overview
? Spas and salons
? Hospitals and clinics
? Home users
Regional Overview
North America
? U.S.
? Canada
? Mexico
Europe
? Germany
? France
? Spain
? Italy
? Russia
? Rest of Europe
Asia Pacific
? China
? Japan
? India
? South Korea
? ASEAN
? Australia
? Rest of Asia Pacific
Middle East & Africa
? Saudi Arabia
? UAE
? South Africa
? Egypt
? Ghana
? Rest of MEA
Latin America
? Brazil
? Argentina
? Colombia
? Rest of Latin America
Frequently Asked Questions (FAQ) :
The global Professional Skin Care market size is expected to reach USD 167.21 billion in 2030.
The Professional Skin Care market is estimated to grow at a CAGR of 6.20% .
Key companies covered in the Professional Skin Care market are L'Oreal, P&G, Estee Lauder, Shiseido, Unilever, Amore Pacific Group, LVMH, Chanel, LG Group, and Kanabo,