Market Size – $ 2.59 Billion in 2020, Growth – 4.0% CAGR, Market Trends – Product Launches, Competitive Pricing and Research for High End Acne Makeup
NEW YORK CITY, NEW YORK, USA, Sep 15, 2021 /EINPresswire.com/ – According to Current Analysis by Reports and Data, it was found that the global acne makeup market is expected to hold a CAGR of 4 % and will be valued at $ 3.54 billion by the end of the forecast period in 2028. Acne vulgaris is one of the most common forms of skin disease faced by people around the world whole. The growth path undertaken by this market can be attributed to the boom in the population aged 15 to 25 whose sebum creation occurs at a rapid rate, causing serious dermatological damage. Natural causes coupled with unhealthy lifestyles have resulted in a vastly vast spectrum of consumers scattered across many corners of the world. Research and development in this particular area has resulted in products that will meet the diverse needs of its dynamic market.
The emergence of quality benchmarking and competition among competitors has improved the quality of these products. The competitive market landscape forced the companies involved to charge competitively, which triggered a slight reduction in profits due to constant or rising factor prices. Most popular are products that use salicylic acid which causes clogged pores to open and bacteria to remove. Custom makeup and cosmetics that take into account skin type and color have increased the consumer base for these products. High-end products like Clinique and Murad are in demand because of their quality and effectiveness.
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Companies considered and presented in this market study:
Clinique, Proactiv, Murad, Neutrogena, Ancalima Lifesciences Ltd, Vichy, LaRochPosay, Mentholatum, Kose and DoctorLi.
For the purpose of this study, reports and data segmented the anti-acne makeup market on the basis of product, end use, distribution channel, active ingredients, and region.
Product (Revenue USD Million; 2020-2028)
End Users (Revenue USD Million; 2020-2028)
Distribution Channels (Revenue USD Million; 2020-2028)
• General stores
• Brand points of sale
• Online stores
Active Ingredients Used (Revenue USD Million; 2020-2028)
• Salicylic acid
• Benzoyl peroxide
Regional Outlook (Revenue USD Million; 2020-2028)
• North America
• Asia Pacific
• Middle East and Africa
• Latin America
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Other key findings from the report suggest that,
• The market has a very competitive landscape dominated by nine players, which makes it slightly fragmented.
• The market is driven by a strong increase in part of the population, which is willing to dispose of its income on high-end luxury products which serve the mentioned purpose.
• Studies confirm that acne is a phenomenon that requires treatment, which has resulted in increased capital investment and capacity improvement efforts undertaken by existing businesses.
• The consumption of these goods is comparatively lower among men, accounting for less than 35.7% of the total market share.
• The combinations of salicylic acid and benzoyl peroxide are considered the most effective active ingredients and fight blackheads and pimples.
• It is difficult for new entrants from less developed countries due to severe restrictions and testing imposed by the Food and Drug Association in the United States due to budget constraints.
• Product launches and competitive pricing are seen as the main strategies prevalent among competitors to capture market share.
• Japan is keeping pace with Europe to become the largest producer of these cosmetics. It is currently considered the second largest producer with 24% market share
• In the consumer market, China, the United States and Europe occupy leading positions.
• The greatest volume of sales occurs in large general stores as well as in supermarkets representing more than 30% of sales.
Key points presented in the report:
• Market revenue share by major business players, by type, application and scope of the Global Anti-Acne Makeup Market
• Turnover of the main players and new entrants
• Competitive analysis of major players, including company presentation, product or service specifications, suppliers and buyers.
• Mergers, acquisitions, recent product launches, recent investments and joint ventures Regional analysis to provide an overview of recent trends and opportunities.
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