The North America Dermocosmetics Market would witness market growth of 9.5% CAGR during the forecast period (2022-2028).
To be considered a skin dermocosmetics product, a skincare product must contain active ingredients whose efficacy against a particular skin problem has been established through a thorough laboratory study. Key players in the market produce dermocosmetic products intending to regain skin health. These products offer defense against a variety of skin problems, including aging skin naturally, harm to the skin's structural integrity, dehydration, and others.
Dermocosmetics industry revenue is growing as a result of consumer awareness of expenditure on appearance and the transition to online shopping. Consumers today are more self-conscious about their appearance because it increases their confidence. As a result, individuals are choosing to spend more money on dermocosmetics products to protect and brighten their skin and lessen the appearance of wrinkles, acne, and fine lines.
Among US companies holding nanotechnology patents, the cosmetics business holds the most. Over the long run, consumers in the nation have seen an increase in their average annual expenditure on close to personal care and beauty products, which is helping the industry grow there. As a result, the rising prevalence of skin issues is a growing worry in the nation and is predicted to grow the US dermo-cosmetics industry. Components including increased consumer information through internet platforms and other sources, as well as increased awareness of the benefits of organic goods and services, are contributing to the local development. One of the Canadian markets with the fastest growth is the dermo-cosmetics sector, which is flooded with foreign competitors.
The US market dominated the North America Dermocosmetics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $18,119.7 Million by 2028.The Canada market is poised to grow at a CAGR of 12% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 11.1% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Dermocosmetics Market is Estimated to reach $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.
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By Distribution Channel
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