The glycolic acid peel market is forecasted to thrive to a valuation of to USD 389.5 million in 2024 and is likely to register a CAGR of 5.70%, garnering a valuation of USD 679.6 million by the end of the projected period.
The present prognosis for the glycolic acid peel market is positive due to rising demand for skincare products and increased consumer interest in organic and natural components. Glycolic acid peels are often utilized in a variety of skincare products, including cleansers, toners, masks, and serums, due to their effectiveness in treating acne, lowering hyperpigmentation, and improving skin health.
The growing awareness of the detrimental effects of synthetic chemicals, as well as a preference for natural and sustainable skincare products, are driving up demand for glycolic acid peels. Consumers are increasingly choosing cleaner formulas and actively pursuing natural skincare components.
The growing popularity of anti-aging and skin brightening products, as well as the trend toward multi step skincare routines, will help to drive market growth. The need for glycolic acid peel is also predicted to rise in emerging regions such as Asia Pacific, where the skincare sector is fast expanding and consumers are becoming more aware of their skincare regimens
The growing desire for natural and sustainable skincare products, together with the effectiveness of glycolic acid peel in treating a variety of skin issues, will fuel market expansion. As the beauty industry evolves, glycolic acid peels are expected to play an important role in satisfying rising consumer demand for effective and safe skincare treatments.
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India is predicted to register a CAGR of 11.3% over the forecast period. The need for glycolic acid based cosmetic products in India is driving the glycolic acid peel market.
The combination category is predicted to dominate the glycolic acid peel market in 2024, accounting for 29.8%. This reflects the growing need for individualized skincare treatments that address the unique needs of combination skin.
Key Takeaways from the Glycolic Acid Peel Market:
- India is likely to ascend at a CAGR of 11.3% throughout 2034.
- Spain is forecasted to augment at a CAGR of 5.9% by 2034.
- The United States is projected to flourish at a CAGR of 1.3% by the end of 2034.
- Combination skin type is likely to hold 8% market share of the glycolic acid peel market in 2024.
- Clinic peels are projected to hold a market share of 9% in 2024.
How are key players revolutionizing the Glycolic Acid Peel Market?
The competitive landscape of the global glycolic acid peel market is extremely fragmented. New product releases, innovation, mergers and acquisitions, and regional expansion are some of the primary tactics used by market players to strengthen their position and achieve a larger market share.
Leading Glycolic Acid Peel Brands
L’Oreal Group, The Estée Lauder Companies, Johnson & Johnson Consumer Health, Unilever, Valeant Pharmaceuticals International Inc., Galderma S.A., Meda Pharmaceuticals Plc, Sciledo Pharma AG, Obagi Medical Products, SkinMedica, PCA Skin and Murad Skincare are the key players in the glycolic acid peel markets.
Recent Developments:
- In 2023, L’Oreal Group developed a glycolic acid peeling toner with 5% glycolic acid, the dermatologist’s gold standard for professional peels. It is designed for optimal efficacy and safety on a daily basis. Clinically proven to reveal clean, fresh, and radiant skin. Dermatologists tested every skin tone.
- In 2023, Estée Lauder Companies introduced Advanced Night Repair Rescue Solution with 15% Bifidus Ferment. The serum’s fast-absorbing, fluid texture is ideal for delicate and sensitive skin. The combination reduces the look of continuous redness and red post-acne marks, as well as visible irritation caused by cosmetic procedures like a 50% glycolic acid peel and environmental triggers like men’s daily face shaving.
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Key Segments of the Report
By Skin Type:
The glycolic acid peel market is classified into dry, oily, combination and sensitive.
By Concern:
The glycolic acid peel market is classified into hospitals, orthopedic clinics and others.
By Application:
The glycolic acid peel market is classified into in acne treatment, anti-aging and others.
By Sales Channel:
The glycolic acid peel market is classified into modern trade, mono-brand stores, specialty stores, convenience stores, pharmacies and drugstores, online retailing and others.
By Region:
Analysis of the glycolic acid peel market has been carried out in key countries of North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe and Middle East & Africa.
More Insights Available
Future Market Insights offers an unbiased analysis of the glycolic acid peel market, providing historical data from 2019 to 2023 and forecast statistics from 2024 to 2034. To understand opportunities in the glycolic acid peel market, the report is segmented on the basis of skin type (dry, oily, combination and sensitive), Concern (hospitals, orthopedic clinics and others), Application (acne treatment, anti-aging and others), Sales Channel (modern trade, mono-brand stores, specialty stores, convenience stores, pharmacies and drugstores, online retailing and others) across 7 major regions (North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe and Middle East & Africa).
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