Europe Dermocosmetics Market Size, Share & Industry Trends Analysis Report By Product (Skin Care and Hair Care), By Distribution Channel (Pharmacy & Retail Stores and Online), By End User, By Country and Growth Forecast, 2022 - 2028
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Get in-depth analysis of the COVID-19 impact on the Europe Dermocosmetics Market
Market Report Description
The Europe Dermocosmetics Market would witness market growth of 9.1% CAGR during the forecast period (2022-2028).
The expansion of the dermocosmetics industry is partly attributed to environmental causes such as pollution and other substances that harm the skin. Demand for such products that make this claim is expected to rise as consumer attitudes toward healthy living and long-term skin care change. Over the projected period, these factors are anticipated to fuel demand for dermocosmetics.
Cosmetic goods often contain chemicals that have several unfavorable side effects on the skin. Leading manufacturing organization's in the market have embraced cutting-edge techniques like new product launches with natural components and beautiful packaging to boost sales of their cosmetics items. As more people discover they have skin barriers and react negatively to conventional cosmetics, dermocosmetics are becoming more and more popular. Given that they are also used to prevent and treat pathological skin changes, dermocosmetics must meet extremely high standards in terms of quality, effectiveness, and tolerability.
The COVID-19 crisis has had a significant negative impact on many EU nations and has caused a reduction in economic activity. However, defense spending in the EU continues to fuel demand for Dermocosmetics, just as it does in the US and Canada. This is due to the rising prevalence of skin conditions and the large range of readily available skin care products. The large regional player presence, soaring dermo-cosmetics awareness, rising disposable income, dynamic lifestyle patterns, and improved economic conditions are the main drivers of market growth in this region.
The Germany market dominated the Europe Dermocosmetics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,933.2 Million by 2028.The UK market is anticipated to grow a CAGR of 8.2% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 10% during (2022 - 2028).
Based on Product, the market is segmented into Skin Care and Hair Care. Based on Distribution Channel, the market is segmented into Pharmacy & Retail Stores and Online. Based on End User, the market is segmented into Clinics, Medical Spas, & Salons, Hospitals and At-Home. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Dermocosmetics Market will Hit $90.8 Billion by 2028, at a CAGR of 9.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson & Johnson, Bausch Health Companies, Galderma S.A., The Procter and Gamble Company, Allergan plc, L'Oreal Group, Beiersdorf AG, Kao Corporation (Kanebo Cosmetics Inc.), Estee Lauder Companies Inc., and Shiseido Company.
Scope of the Study
Market Segments Covered in the Report:
- Skin Care
- Hair Care
By Distribution Channel
- Pharmacy & Retail Stores
By End User
- Clinics, Medical Spas, & Salons
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Johnson & Johnson
- Bausch Health Companies
- Galderma S.A.
- The Procter and Gamble Company
- Allergan plc
- L'Oreal Group
- Beiersdorf AG
- Kao Corporation (Kanebo Cosmetics Inc.)
- Estee Lauder Companies Inc.
- Shiseido Company
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