PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1477174
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1477174
Chemical Peel Market size was valued at USD 2,223.7 Million in 2023, expanding at a CAGR of 4.2% from 2024 to 2032.
The Chemical Peel Market encompasses cosmetic procedures involving the application of chemical solutions to exfoliate and rejuvenate the skin's surface. Growing demand for minimally invasive cosmetic treatments and the rising popularity of at-home chemical peel products are increasing the utilization of the chemical peel market. However, restraints such as potential skin reactions and the need for professional expertise pose challenges to market growth. Opportunities lie in the increasing consumer focus on skincare and beauty enhancements, coupled with advancements in chemical peel formulations catering to diverse skin concerns and types.
Chemical Peel Market- Market Dynamics
Surging skincare awareness fuels demand for cosmetic procedures like chemical peels
The demand for cosmetic procedures like chemical peels is experiencing a significant upswing, propelled by a heightened awareness of skincare and the importance of maintaining healthy skin. Research indicates that the demand for minimally invasive cosmetic treatments, including chemical peels, is on the rise, with an estimated annual growth rate of 6.5%. This surge in demand underscores a shifting consumer focus towards achieving radiant and youthful skin, driving the popularity of procedures like chemical peels as part of comprehensive skincare regimens.
Chemical Peel Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 4.2% over the forecast period (2024-2032)
Based on Type of Chemical Peel segmentation, Alpha Hydroxy Acid (AHA) Peels were predicted to show maximum market share in the year 2023
Based on Formulation segmentation, Liquid Chemical Peels were the leading type in 2023
Based on Skin Type segmentation, Normal Skin was the leading type in 2023
Based on Indication segmentation, Aging was the leading type in 2023
Based on end-user segmentation, Dermatology Clinics were the leading type in 2023
Based on region, North America was the leading revenue generator in 2023
The Global Chemical Peel Market is segmented based on Type of Chemical Peel, Formulation, Skin Type, Indication, End User, and Region.
The market is divided into five categories based on the Type: of Chemical Peel: Chemical peels offer various formulations for different skin concerns and exfoliation depths. AHA Peels use gentle acids like glycolic or lactic acid for surface exfoliation, while BHA Peels target pores with salicylic acid for acne treatment. TCA Peels provide medium-depth exfoliation for sun damage and fine lines, and Phenol Peels treat severe damage deeply.
The market is divided into three categories based on Formulation: Chemical peels offer diverse formulations for varying skin needs. Liquid Peels contain exfoliants in solution, applied evenly with a brush or cotton pad. Gel Peels offer precise application and are ideal for sensitive skin. Cream Peels combine hydration and exfoliation, suitable for dry or mature skin. Each formulation provides unique benefits for customizable skincare.
Chemical Peel Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
North America leads with a strong demand for cosmetic procedures and advanced skincare technologies. Europe follows closely, driven by a growing emphasis on beauty and wellness. The Asia-Pacific region shows promising growth potential, fueled by rising disposable incomes and increasing awareness of skincare treatments. However, regulatory hurdles and cultural preferences may hinder market expansion in certain regions. Overall, global expansion opportunities abound as consumers seek effective solutions for skin rejuvenation and aesthetic enhancement.
In the competitive landscape of the Chemical Peel Market, numerous players compete to offer a diverse range of chemical peel products and services. Established companies such as Allergan, Merz Pharma, and Galderma dominate the market with their extensive product portfolios and strong brand presence. Additionally, emerging players and niche skincare brands contribute to market diversity, offering specialized formulations and targeting specific consumer segments. Collaboration between skin care professionals, dermatologists, and aesthetic clinics further intensifies competition as companies strive to innovate and meet evolving consumer demands.
In November 2023, COSRX unveiled its latest breakthrough: The AHA BHA PHA LHA 35 Peel. This distinctive pink chemical exfoliator, introduced to the market through the COSRX store, is set to revolutionize skincare routines.
In January 2022, Vitality Institute, a skincare brand led by minorities and women, unveiled its inaugural body chemical peel, the VI Peel Body Treatment, at select practitioners' offices across the United States.
GLOBAL CHEMICAL PEEL MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Allergan Aesthetics (a subsidiary of AbbVie Inc.)
Cynosure, LLC (a subsidiary of Hologic, Inc.)
Dermalogica (a subsidiary of Unilever)
Dr. Dennis Gross Skincare
Galderma Laboratories, L.P.
Glytone (a subsidiary of Pierre Fabre Group)
IMAGE Skincare International
La Roche-Posay (a subsidiary of L'Oreal)
Merz Pharma GmbH & Co. KGaA
NeoStrata Company, Inc. (a subsidiary of Johnson & Johnson)
Obagi Medical (a subsidiary of Bausch Health Companies Inc.)
PCA Skin (a subsidiary of Colgate-Palmolive Company)
SESDERMA Laboratories
SkinMedica (a subsidiary of Allergan Aesthetics)
VI Aesthetics
Others