Global Professional Skincare Products Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Professional Skincare Products Market 2021 (Includes Business Impact of COVID-19)
Global Professional Skincare Products Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global professional skincare products market report has been segmented as per product type, distribution channel, and region.
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The global Professional Skincare Products market size was valued at USD$11.75 billion in 2020 and is projected to reach USD $18.78 billion by 2030, and is anticipated to expand at a CAGR of 4.80% over the forecast period from 2020 to 2030.


Global Professional Skincare Products Market: Overview


Professional skincare products are mainly used to improve physical appearance and gain healthy skin by individuals. These products also help to avoid skin related infections and provide skin protection from pollution, dust, and excessive sunlight. There are variety of skincare products available in the market that includes, sun protection, anti-aging, anti-cellulite, anti-pigmentation, toners, anti-dehydration, and other products especially designed for the sensitive skin.


Global Professional Skincare Products Market: Dynamics


Growing demand for professional skincare products among individuals due to rising concerns about the skin related issues such as acne, pigmentation, and aging spots across the globe is a key factor driving growth of the global professional skincare products market. In addition, increasing awareness about healthy skin and beneficial properties of skincare products are key factors supporting growth of the global market. In addition, rising concerns about synthetic cosmetic products among individuals resulting in increasing demand for organic and natural skincare products across the globe is major factor expected to boost growth of the target market during the forecast period.

Rising disposable income among individuals across the globe, increasing product advertising through social media platforms, and increasing E-commerce penetration are some key factors expected to support growth of the global market during the forecast period. In addition, rising concerns about physical appearance and increasing awareness about fashion trends across the globe are some major factors expected to propel growth of the global market over the forecast period.

However, high cost associated with professional skincare products is a key factor expected to restrain growth of the global professional skincare products market to a certain extent. In addition, rising concerns about side effects of skincare products and availability of low cost associated substitute products in the market are other factors may hamper growth of the target market to a certain extent.


Global Professional Skincare Products Market: Segment Analysis


Increasing aging population across the globe healthy skin and high awareness about anti-aging skin care products among aging population are primary factors driving revenue growth of the anti-aging products segment among product type segment.


Global Professional Skincare Products Market: Region Analysis


The market in Asia Pacific region accounted for highest revenue share followed by the market in North America and is expected to dominate the global market over the forecast period. In addition, increasing consumer base and increasing product penetration in countries in these regions are expected to support growth of the professional skincare product market in Asia Pacific and North America over the forecast period. Markets in Latin America, Middle East & Africa, and Europe are expected to register significant growth in terms of revenue, owing to rising awareness about the multifunctional skincare products in the countries such as Germany, France, Saudi Arabia, South Africa, and Brazil in these regions.


Below are the active patents related to Professional Skincare Products Market.


Patent Number: US20150209246A1

Skincare system

Abstract

A system and method may allow a person to rotate a skin care product based on the current climate to help skin transition to and react to changes in temperature and humidity the air. For example, each moisturizer may be formulated to support skin needs for a specific climate, such as tropical climate (i.e., humid and hot air), a desert climate (i.e., dry and hot air), a temperate climate (i.e., normal and mild air), and/or a polar climate (i.e., cold and dry air).

Application filed by Date: 2015-01-29

Application granted Date: 2019-11-26

Current Assignee: Pour Moi Beauty LLC

Global Professional Skincare Products Market Segmentation:

Segmentation by product type:

  
Anti-Pigmentation/Hyper Pigmentation Control
  
Anti-aging
  
Acne Control
  
Anti-Dehydration
  
Anti-Cellulite
  
Sun Protection

Segmentation by distribution channel:

  
Retail
  
Online/E-commerce


Key Market Players included in the report:


  
Amore Pacific Group
  
Aveeno
  
Avon Products Inc.
  
Beiersdorf AG
  
Chanel
  
Clarins Sdn Bhd
  
Colgate-Palmolive Company
  
Coty Inc.
  
Elizabeth Arden
  
Estee Lauder
  
Garnier
  
Johnson and Johnson
  
Kanabo
  
Kao corporation
  
LG Group
  
LOrEal S.A.
  
LVMH
  
Olay
  
Procter & Gamble Company.
  
Revlon Inc.
  
Shiseido Company Ltd.
  
The Clorox Company
  
The EstEe Lauder Companies Inc.
  
Unilever PLC


Below are the key development related to Professional Skincare Products Market in 2020 and 2021.


December 2020: E-commerce retailer THG to acquire Dermstore.com for $350m UK’s e-commerce retailer The Hut Group (THG) has agreed to acquire Dermstore.com, a US pure-play online retailer of prestige skincare and speciality beauty brands from Target for $350m in cash. UK’s e-commerce retailer The Hut Group (THG) has agreed to acquire Dermstore.com, a US pure-play online retailer of prestige skincare and speciality beauty brands from Target for $350m in cash. Established in 1999, Dermstore.com provides online access to professional-grade skincare in the US. The completion of the deal is subject to regulatory approval in the US. THG aims to establish itself as a global digital partner of choice in the beauty industry, powering channel shift from offline to online. With the acquisition of Dermstore.com, THG is expected to enhance its beauty strategy by significantly strengthening its relationships with the key global beauty brands. The deal is also expected to enable THG to increase the scale of its beauty box business by gaining the Dermstore.com customer base. Source

October 2020: ZO® Skin Health, Leading Physician-Dispensed Skincare Brand, Bolsters Growth With Majority Investment By Blackstone. ZO® Skin Health, a premium California-based skincare brand sold globally through physicians and skincare professionals, announced that funds managed by Blackstone Tactical Opportunities acquired a majority stake in the business. Terms of the transaction were not disclosed. Source

June 2020: Dr. Dennis Gross Skincare™ Receives Strategic Growth Investment From Main Post Partners. Dr. Dennis Gross Skincare™ ("Dr. Dennis Gross"), a leading brand of prestige, science-backed skincare that revolutionized the industry by bringing clinical-grade products to every day routines, announced it has received a strategic growth investment from Main Post Partners, a San Francisco-based private equity firm with deep experience partnering with high growth consumer and beauty companies. Source