Professional Skincare Market Expansion 2024-2033: Growth Drivers and Dynamics

The professional skincare global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Professional Skincare Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –
The professional skincare market size has grown strongly in recent years. It will grow from $40.48 billion in 2023 to $43.14 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to advancements in dermatology, research in cosmetic chemistry, the rise of the beauty industry, consumer education and awareness, and technological advancements.

The professional skincare market size is expected to see strong growth in the next few years. It will grow to $56.18 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to the proliferation of spas, the rising aging population, rising disposable income, growing awareness of skincare, and a shift toward natural and organic products. Major trends in the forecast period include personalized skincare solutions, the clean beauty movement, sustainable and eco-friendly practices, advanced anti-aging treatments, and microbiome-friendly skincare.

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Scope Of Professional Skincare Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Professional Skincare Market Overview

Market Drivers –
The expansion of e-commerce is expected to propel the growth of the professional skincare market going forward. E-commerce refers to the online business model facilitating the exchange of goods and services through the Internet. The expansion of e-commerce is driven by convenience, expanding internet access, and shifting consumer preferences toward online shopping. E-commerce provides access to high-quality, specialized skin care products and personalized advice, enhancing consumer convenience. For instance, in May 2024, according to the United States Census Bureau, a US-based government agency, U.S. retail e-commerce sales reached $289.2 billion for the first quarter of 2024, marking a 2.1% (±0.7%) increase compared to the fourth quarter of 2023. Therefore, the expansion of e-commerce is driving the growth of the professional skincare market.

Market Trends –
Major companies operating in the professional skincare market are increasing their focus on developing innovative products, such as age-defying moisturizers, to sustain their position in the market. An age-defying moisturizer is a skincare product designed to reduce the visible signs of aging on the skin, such as fine lines, wrinkles, and loss of elasticity. For instance, in March 2024, Revision Skincare, a US-based cosmetic company, launched a new sunscreen product called Intellishade TruPhysical Clear. This product is a 4-in-1 daily age-defying moisturizer with broad-spectrum SPF 50. It has a sheer, oil-free formula with 100% all-mineral UV filters designed to enhance the natural radiance of all skin tones without leaving a white cast or shine. The skincare-first formulation provides long-term hydration, reduces the appearance of fine lines and wrinkles, brightens and evens skin tone, and decreases the overall appearance of photoaging and free radical stressors.

The professional skincare market covered in this report is segmented –

1) By Type: Anti-Aging, Anti-Dehydration, Sun Protection, Anti-Pigmentation
2) By Composition: Organic Or Natural, Conventional
3) By Price Range: Economy, Mid-Range, Premium
4) By Distribution Channel: Offline Retail Stores, Online Retail Stores
5) By Application: Spas, Salons, Retail Stores, Medical Institutions, Other Applications

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Regional Insights –
Asia-Pacific was the largest region in the professional skincare market in 2023. The regions covered in the professional skincare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies –
Major companies operating in the professional skincare market are L’Oréal S.A., Unilever PLC, ZO Skin Health Inc., BABOR Cosmetics America Corp., Revision Skincare LLC, Obagi Medical Products Inc., Osmosis Skincare, GloProfessional Inc., PCA Skin LLC, Murad LLC, Elemis Limited, Sente Inc., Image Skincare LLC, Neocutis Inc., EltaMD Inc., Jan Marini Skin Research Inc., Natura Bissé International S.A., Biologique Recherche, Pevonia International LLC, Episciences Inc., Alastin Skincare Inc., HydroPeptide LLC, iS Clinical, Environ Skin Care Pty Ltd, Lancer Skincare LLC, Vivant Skin Care LLC, Cosmedix LLC

Table of Contents
1. Executive Summary
2. Professional Skincare Market Report Structure
3. Professional Skincare Market Trends And Strategies
4. Professional Skincare Market – Macro Economic Scenario
5. Global Professional Skincare Market Size and Growth
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32. Global Professional Skincare Market Competitive Benchmarking
33. Global Professional Skincare Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Professional Skincare Market
35. Professional Skincare Market Future Outlook and Potential Analysis
36. Appendix

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