The anti-acne serum market was valued at USD 2.79 million in 2021 and is expected to reach USD 3.49 billion by 2026 by growing at a CAGR of 3.8% during the forecast period 2021-2026.
In recent years, rising demand for cosmetics and skincare products has boosted demand for anti-acne serum. In order to improve their lifestyle and overall personality, today's buyer has become more aware of the use of cosmetics in their daily lives, which is predicted to provide an opportunity for the anti-acne face serum market in the approaching years.
Consumers have become increasingly aware of their appearance in recent years, resulting in increased demand for a variety of cosmetic products. Increased celebrity impact, ongoing self-consciousness about facial appearance, and societal pressure to look good are just a few of the primary elements driving demand for cosmetic skincare products. Furthermore, the rising need to maintain one's appearance and face appearance among beauty-conscious clients is a major driver of anti-acne serum acceptance and usage.
Cosmetics have evolved into a necessary part of modern life. Furthermore, rising customer awareness of external beauty has been one of the primary factors driving worldwide anti-acne serum market growth in value sales.
Men, like women, have become increasingly mindful about their appearance in recent years and have begun to use various types of skincare products. During the anti-acne serum market projection, an increase in the number of beauty-conscious male clients would aid market expansion.
An anti-acne facial serum's fundamental issue is product instability due to changing weather conditions; as a result, the active components may become inactive or lose their effectiveness. Furthermore, different market replacements such as acne treatment, acne cream, and acne lotion may stifle the anti-acne facial serum market's expansion in the near future.
Nanoparticles are increasingly being used in anti-acne facial serum, which improves the serum's quality. As a result, players are anticipated to use nanoparticles more frequently.
To boost sales revenue, players in organized commerce are focusing on expanding their distribution routes. Additionally, producers are working with farmers to obtain ingredients directly from them. Consumers will be more interested in the product as a result.
Key players in the market are bringing innovation and development in the products like resurfacing retinol serum which is specially designed for acne-prone skin.
Major Challenges in the marketplace:
A major challenge for the market is serum instability due to weather variation. The high price of the product due to the use of organic and natural ingredients, which increases the production cost of the serum, is impeding the demand of the market.
Competition in the marketplace:
Companies are increasing capacity and aiming for cost and quality leadership in order to increase profits. Companies are focused on technical innovation, equipment upgrades, and process improvements to save costs and increase quality at the same time. The market for anti-acne cosmetics will become more competitive overall, while the market for high-end anti-acne cosmetics will become more consolidated.
Because the majority of women are beauty-conscious, female segments accounted for a greater anti-acne serum market share in 2018. Women also go out of their way to improve their appearance by purchasing skincare items like an anti-acne serum. Furthermore, hormonal changes during the menstrual cycle or pregnancy frequently induce acne, making women more susceptible to acne-related issues. As a result, women rely on products like anti-acne serum in their daily lives to combat such skin irregularities, contributing significantly to the global market's growth.
By Distribution Channel:
Hypermarkets hold a higher market share due to customers get a wide range of products. Furthermore, these retailers implement a variety of promotional and marketing activities, such as customer loyalty programs, discounts, seasonal offers, and others, to enhance revenue sales and, as a result, the worldwide anti-acne serum market's growth.
Anti-Acne Serum Market-by Geography:
Because of personal care awareness, well-established companies, and a preference for online buying, Europe and North America dominate the anti-acne face serum industry. During the forecast period.
Following North America, Europe is leading with the highest shares of the market. Customers' preferences for a healthy lifestyle and rising demand for environmentally friendly beauty products are projected to expand in the near future. The growing popularity of vegan components in anti-acne face serum among millennials is also driving demand in Europe. Organic Riot, for example, sells a natural anti-acne face serum that is 100 percent vegan and toxin-free.
The growing popularity of vegan components in anti-acne face serum among millennials is also driving demand in Europe. Organic Riot, for example, sells a natural anti-acne face serum that is 100 percent vegan and toxin-free.
Asia Pacific's anti-acne face serum market is expected to grow at a quick pace. The rise in disposable income of the middle-class population and an aging population and a female workforce are driving the market growth in the Asia Pacific region.
In Latin American, the Middle East, and African countries, the growing middle-aged population is driving the market for anti-acne serum. Brazil's market for anti-acne serum accounted for a CAGR of 10% for the forecast period. The aging population in South America is estimated to increase in upcoming years, which is expected to drive the market for anti-acne serum market.
The COVID-19 pandemic has altered the face of the skincare industry and continues to influence customer buying habits in the acne serum industry, owing to significant disruptions in import and export activity caused by the closure of their global exchange trade, which has hampered cosmetic product sales and growth.
Furthermore, many countries had closed their foreign borders with neighboring countries, resulting in a significant drop in growth. And the main participant had encountered many obstacles as a result of the pandemic crisis, including limited labor supply, logistics delays, and limited availability of required components.
Major Key Players in the Market:
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Aroma Market, By Gender
6.1.3 Market Size Estimations & Forecasts (2021-2026)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Aroma Market, By Distribution Channel
6.2.2 Specialty Stores
6.2.3 Franchisee Stores
6.2.4 Online Stores
6.2.5 Market Size Estimations & Forecasts (2021-2026)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2021 - 2026)
7.2.1 By Country
7.2.2 By Gender
7.2.3 By Distribution Channel
7.3.1 By Country
220.127.116.11 Rest of Europe
7.3.2 By Gender
7.3.3 By Distribution Channel
7.4 Asia Pacific
7.4.1 By Country
18.104.22.168 South Korea
22.214.171.124 South East Asia
126.96.36.199 Australia & NZ
188.8.131.52 Rest of Asia-Pacific
7.4.2 By Gender
7.4.3 By Distribution Channel
7.5 Latin America
7.5.1 By Country
184.108.40.206 Rest of Latin America
7.5.2 By Gender
7.5.3 By Distribution Channel
7.6 Middle East and Africa
7.6.1 By Country
220.127.116.11 Middle East
7.6.2 By Gender
7.6.3 By Distribution Channel
8. Key Player Analysis
8.1 Mario Badescu
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Kriim Natural Cosmetics
8.3 Wow Skin Science
8.4 Unilever PLC
8.5 DHC Corporation
8.6 Blossom Kochhar Group
8.7 Origins Natural Resources, Inc
8.9 Sunday Riley
8.10 Dermstore LLC.
8.11 Shanghai Jiahua United Co., Ltd
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures