May 22, 2024

Anti-acne Cosmetics Market is Estimated to Witness High Growth Owing to Rising Demand for Natural and Herbal Anti-acne Products

Anti-acne cosmetics comprise products such as face washes, toners, serums, gels, creams and lotions used for treatment and prevention of acne breakouts. The traditionally used synthetic ingredients in these products are now gradually being replaced by natural and herbal alternatives owing to their mild and soothing effects on acne-prone skin. Rising awareness about the side-effects of chemicals is driving the demand for natural anti-acne cosmetics made from ingredients like tea tree oil, aloe vera, witch hazel, etc.

The Global Anti-acne Cosmetics Market is estimated to be valued at US$ 2591.87 Mn in 2024 and is expected to exhibit a CAGR of 4.8% over the forecast period 2023 – 2030.

Key Takeaways

Key players operating in the Anti-acne Cosmetics 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 dominate the market through their wide distribution network and innovative product offerings.

The market provides various opportunities for new entrants to offer natural anti-acne cosmetics made from indigenous and rare ingredients. With the rising inclination towards organic/natural personal care products, herbal anti-acne ranges targeting specific skin problems can be highly successful.

Globally, the anti-acne cosmetics market exhibits immense growth potential especially in developing regions of Asia Pacific and Latin America driven by increasing awareness, product innovations and regional expansion strategies of leading brands. E-commerce platforms also contribute significantly to the global accessibility and reach of anti-acne cosmetic products.

Market drivers

Growing trend of using cosmeceuticals and nutraceuticals for clear skin: Cosmetic companies are increasingly incorporating active pharmaceutical ingredients and natural anti-inflammatory compounds in their formulations to provide therapeutic anti-acne benefits. This trend is expected to drive the demand for anti-acne cosmetics.

PEST Analysis

  • Political: There are stringent regulations regarding the ingredients and claims made in anti-acne cosmetics. Regulatory bodies monitor the safety and efficacy of these products.
  • Economic: Rising incomes and growing awareness about personal care have led to an increase in expenditure on skincare products. The young population actively spends on grooming and beauty products.
  • Social: With growing social media influence, clear and blemish-free skin is considered desirable. The stigma around acne has reduced encouraging people to openly discuss skin problems and try solutions.
  • Technological: Active research is conducted to develop innovative ingredients and delivery systems. Products now contain effective yet mild formulations with natural extracts. Advanced testing methodology helps establish scientific validity of product claims.

The anti-acne cosmetics market is highly concentrated in North America and Western Europe in terms of value. This is attributed to high consumer spending capacity, availability of innovative products and established brands. The developed markets account for over 60% of the global market revenue currently.

Asia Pacific region is expected to witness the fastest growth during the forecast period. Countries like China, India, Japan and South Korea are major contributors to the regional market. Rising incomes, growing middle class, increasing beauty awareness and lifestyle changes are driving higher consumption of skincare products in Asia Pacific.