PUBLISHER: The Business Research Company | PRODUCT CODE: 1527108
PUBLISHER: The Business Research Company | PRODUCT CODE: 1527108
Professional skincare involves specialized care and treatment administered by trained and licensed experts such as dermatologists, estheticians, and skincare therapists. It surpasses basic home routines by employing advanced techniques, quality products, and customized therapies to tackle diverse skin issues and conditions, aiming to enhance skin health and appearance through targeted approaches.
The primary categories of professional skincare encompass anti-aging, anti-dehydration, sun protection, and anti-pigmentation. Anti-aging products are formulated to diminish visible signs of aging, including wrinkles, fine lines, and skin laxity. These products come in various compositions, spanning organic or natural to conventional, catering to different price ranges such as economy, mid-range, and premium. They are distributed through offline and online retail channels, serving applications in spas, salons, retail outlets, medical facilities, among others.
The professional skincare market research report is one of a series of new reports from The Business Research Company that provides professional skincare market statistics, including the professional skincare industry global market size, regional shares, competitors with the professional skincare market share, detailed professional skincare market segments, market trends, and opportunities, and any further data you may need to thrive in the professional skincare industry. These professional skincare market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The professional skincare market size has grown strongly in recent years. It will grow from $40.48 billion in 2023 to $43.14 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The expansion observed in the historical period can be credited to progressions in dermatology, advancements in cosmetic chemistry research, the ascent of the beauty sector, enhancement in consumer education and awareness, and advancements in technology.
The professional skincare market size is expected to see strong growth in the next few years. It will grow to $56.18 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The surge expected in the projected period can be linked to the proliferation of spas, the increasing aging demographic, the upsurge in disposable income, heightened awareness regarding skincare, and a transition towards natural and organic product preferences. Key trends predicted for the forecast period encompass tailored skincare solutions, the clean beauty movement, the adoption of sustainable and eco-friendly practices, innovative anti-aging therapies, and the promotion of microbiome-friendly skincare.
The anticipated expansion of e-commerce is set to drive the growth of the professional skincare market in the future. E-commerce, denoting the online trade model facilitating transactions via the Internet, is propelled by factors such as convenience, widening internet accessibility, and a shift in consumer preferences towards digital shopping. This platform offers access to premium, specialized skincare items and personalized guidance, enhancing consumer convenience. For instance, as per the United States Census Bureau's May 2024 report, U.S. retail e-commerce sales for the first quarter reached $289.2 billion, marking a 2.1% (+-0.7%) increase from the fourth quarter of 2023. Consequently, the expansion of e-commerce is steering the professional skincare market's growth.
Leading firms in the professional skincare sector are intensifying their focus on innovating products, such as age-defying moisturizers, to maintain their market standing. An age-defying moisturizer is tailored to mitigate visible signs of aging, such as fine lines, wrinkles, and loss of elasticity. For instance, in March 2024, Revision Skincare, a U.S.-based cosmetic entity, unveiled a new sunscreen product named Intellishade TruPhysical Clear. This 4-in-1 daily age-defying moisturizer, fortified with broad-spectrum SPF 50, features a sheer, oil-free formulation with 100% all-mineral UV filters, aimed at enhancing the natural radiance of all skin tones without leaving a white cast or shine. The skincare-centric formula ensures enduring hydration, diminishes fine lines and wrinkles, illuminates and evens skin tone, and reduces the visible effects of photoaging and free radical stressors.
In March 2024, WiQo, an Italy-based cosmetic enterprise, acquired Love Beauty Pro & Medical for an undisclosed sum. This acquisition empowers WiQo to bolster its foothold in the U.S. market through Love Beauty Pro & Medical's established network for selling, marketing, and distributing WiQo products. Love Beauty Pro & Medical, a U.S.-based entity, specializes in offering professional skincare products and equipment for skincare professionals.
Major companies operating in the professional skincare market are L'Oreal S.A., Unilever PLC, ZO Skin Health Inc., BABOR Cosmetics America Corp., Revision Skincare LLC, Obagi Medical Products Inc., Osmosis Skincare, GloProfessional Inc., PCA Skin LLC, Murad LLC, Elemis Limited, Sente Inc., Image Skincare LLC, Neocutis Inc., EltaMD Inc., Jan Marini Skin Research Inc., Natura Bisse International S.A., Biologique Recherche, Pevonia International LLC, Episciences Inc., Alastin Skincare Inc., HydroPeptide LLC, iS Clinical, Environ Skin Care Pty Ltd, Lancer Skincare LLC, Vivant Skin Care LLC, Cosmedix LLC
Asia-Pacific was the largest region in the professional skincare market in 2023. The regions covered in the professional skincare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the professional skincare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The professional skincare market consists of sales of cleaners, toners, eye creams, and moisturizers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Professional Skincare Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on professional skincare market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.