Anti-acne Cosmetics Market is Anticipated to Witness High Growth Owing to Rising Prevalence of Acne Related Skin Issues Among Millennials

 

Market Overview

Anti-acne cosmetics are skin care products specially formulated to treat acne blemishes, prevent new acne breakouts and reduce existing acne scars. The products include cleansers, toners, serums, moisturizers and masks containing active ingredients like salicylic acid, glycolic acid and benzoyl peroxide which help unclog pores, reduce excess sebum and kill bacteria. Growing concerns around skin health and increasing self-consciousness about appearance among millennials and Gen Z customers have boosted the demand for acne-fighting cosmetics.

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 to 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. The increasing popularity of YouTube and Instagram influencers promoting natural skincare products has led to rising demand for organic and natural anti-acne ranges. Younger consumers are more likely to try eco-friendly solutions due to higher awareness about toxic ingredients. Major brands have launched product lines with plant-based formulation featuring tea tree oil, neem extracts, aloe vera and other natural acne fighters. Technological advancements like addition of probiotics and use of blue light therapy have enabled anti-acne cosmetics to target acne at its source giving clearer, healthier skin over a period of time.

Market Trends

Preference for multi-tasking, multi-benefit formulations: Customers want cosmetic products with extra skincare perks along with acne treatment. Creams, gels and serums addressing acne along with signs of ageing like dark spots, fine lines and pigmentation are growing in popularity.
Focus on skin microbiome: Leading brands are investigating ways to balance skin microbiome using prebiotic and probiotic ingredients to make the skin environment unsuitable for acne-causing bacteria and help maintain clear skin.

Market Opportunities

Rise of customized, smart skincare: Smartphone-enabled serum pumps and augmented reality mirrors allowing consumers to tailor acne solutions based on skin type and location offer opportunities for new product innovations.
Increased penetration in Asian markets: Countries like India, China, South Korea face rising acne incidences due to changing lifestyles and diets. This presents significant growth potential for cosmetic companies in these regions.

Impact of COVID-19 on Anti-acne Cosmetics Market Growth

The COVID-19 pandemic severely impacted the anti-acne cosmetics market. During the lockdowns and social distancing norms, people stayed indoors leading to rise in acne cases due to changes in lifestyle and routines. However, closure of retail stores and restrictions on non-essential goods hampered the market sales initially. With growing 'work from home' culture, demand for anti-acne products increased as people focused more on skincare. Manufacturers launched online sales and awareness campaigns on social media to engage consumers. Gradually, stores reopened with safety protocols boosting market revenue. In the post-pandemic scenario, the 'maskne' phenomenon and increased stress levels are expected to sustain demand. However, decline in disposable incomes may pose challenges. Companies are expanding affordable product ranges and customized kits as per changing consumer needs.

North America holds the major share of anti-acne cosmetics market in terms of value due to high product awareness, spending capacity and skincare consciousness. Rising occurrence of hormonal and stress-induced acne among young population further drives the regional market. Asia Pacific is forecasted as the fastest growing region on back of improving living standards, increasing beauty consciousness and expansion of medical aesthetics industry in counties like India, China and South Korea. Large youth population, hot-humid climate and pollution levels contribute to higher acne prevalence supporting market growth. Growing e-commerce, influencer marketing and Western influence are augmenting sales in emerging countries.

Impact of COVID-19 on anti-acne cosmetics market growth in geographical regions:

The Asia Pacific region is projected to be the fastest growing market for anti-acne cosmetics during the forecast period. Factors such as improving living standards, rising middle-class population, increasing disposable incomes, growing beauty consciousness among consumers are fueling the market growth in Asia Pacific region. Countries like India, China, South Korea and other Southeast Asian countries are experiencing higher acne occurrence rates due to pollution, humid climate and changing lifestyles. Increasing penetration of e-commerce platforms and expansion of medical aesthetics industry are also supporting stronger sales of anti-acne products in Asia Pacific region. During the COVID-19 pandemic, the lockdowns led to changes in skincare routines of people aggravating acne issues. This further boosted demand for effective anti-acne solutions in Asia Pacific countries.