Dermocosmetics combines cosmetology and dermatology that specializes in different skin care products recommended by health professionals (doctors, dermatologists, paediatricians, aesthetic physicians and pharmacists) for specific skin care needs because their ingredients are safe and effective. Formulated for local application, dermo-cosmetics are made to preserve the health and beauty of skin, including the scalp and hair. The market is growing owing to rising consumer interest in health, wellness and benefit-driven products which leads to evolution of new beauty and skin care products. Dermocosmetics are distributed in traditional healthcare channels such as pharmacies, over-the-counter pharmaceutical stores (parapharmacies), drugstores, clinics or medical treatment spas (MediSpas).
The dermocosmetics market exemplifies more than 4.5% of the global beauty market. The growth in this market is led by a vital Western Europe market and accelerated development in new markets such as China and Latin America. The major players operating in the global dermocosmetics market are Johnson & Johnson, L’Oreal S.A., Procter & Gamble Co., La Roche Posay, Allergan plc, Galderma, Avene, among others.
Market Dynamics
Drivers
- Growing consumer interest towards multifunctional products
- Rising popularity of online channels
- Growing aging population
Restraints
- Preference of medication over dermocosmetic products
- Stringent regulations
Growing consumer interest towards multifunctional products
Products with multiple benefits such as those with anti-aging properties, moisturizing care and suntan protection are very popular in the skincare cosmetics industry. Foundation creams that offer multiple benefits such as sun protection, moisturizing, oil free and no pore-clogging are witnessing rising demand, especially from the working women population. High demand for anti-dandruff and anti-hair loss hair care products is being witnessed in the hair care segment. Increasing pollution and unhealthy lifestyles have driven the adoption of alternatives such as cosmeceuticals, natural and organic hair care products across the country.
Major players are investing heavily in the research and development of new dermo-cosmetics products. These players are investing significantly in innovations like hypoallergenic creams, which have minimal impact on health.
In April 2019, Lonza launched a next-generation skincare ingredient, H2OBioEv, a multifunctional bioactive that aims to rejuvenate and moisturize skin. H2OBioEV™ Bioactive moisturizes by replenishing essential humectants, which provide an optimal environment for epidermal proteins to form and maintain a strong barrier, thus restoring a smooth and radiant appearance.
Geographical Analysis
The North American dermocosmetics market is valued at USD XX Mn in 2019 and is estimated to grow at a CAGR of XX% over the forecast period to reach USD XX Mn by 2027.
The presence of key players manufacturing several dermocosmetics in the region is expected to drive the market. For instance, in October 2019 Kao Corporation (Michitaka Sawada, President) launched the Curél face care range in the United Kingdom and the United States. Curél is positioned as one of the strategic global brands (G11) in the cosmetics business of the Kao group. The launch is expected to grow the brand and strengthen its position in both Japan and overseas by extending thoroughly researched Curél technologies for the care of dry, sensitive skin. Also, on October 8, 2019, Shiseido Company, Limited (Tokyo Stock Exchange, First Section: 4911) (“Shiseido”) announced that Shiseido Americas Corporation (“Shiseido Americas”), a subsidiary of Shiseido, has signed a definitive agreement to acquire DRUNK ELEPHANT™ (“Drunk Elephant”), a leading and fast-growing prestige skincare brand and a recognized expert in developing clean compatible and effective products. The acquisition of Drunk Elephant strengthens Shiseido’s leadership in the global prestige skincare market.
Further, Comodynes is a dermo-cosmetic company created and developed with the highest quality, safety and tolerance guaranteed by Dermofarm Labs. The company claims to anticipate customer needs in order to develop solutions for all skin types and needs. Products are designed with modern fast-paced lifestyles in mind, such as the Urban Cosmetics Make-up Remover Flash Edition micellar cleansing towelettes for sensitive skin, made from 100% natural fibers. In 2019, Anjac Health & Beauty sets up in North America with the acquisition of Cosmetix West. Thus, the presence of several key players manufacturing dermocosmetics is driving the market.
