SAN FRANCISCO, Feb. 16, 2022 /PRNewswire/ -- The global anti-acne dermal patch market size is expected to reach USD 870.3 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.1% from 2022 to 2030. The growing prevalence of acne vulgaris is boosting the adoption of instant treatments pertaining to the conditions such as acne patches, thus propelling market growth. There has been a surge in the number of anti-acne dermal patch brands being commercialized across the globe. Hence, increasing product launches in this industry have significantly boosted its revenue growth. Moreover, the rising number of companies expanding their geographic presence across the developing as well as developed economies have further supported the market's positive growth trajectory across the forecast period.
Key Insights & Findings from the report:
- The 18 to 44 segment dominated the market with a share of 55.2% in 2021. The high incidence of acne vulgaris among this age group is one of the prominent factors supporting its share.
- The chemical-based anti-acne dermal patch segment accounted for the largest share of 88.3% in 2021.
- Asia Pacific held the largest revenue share of 39.8% in 2021. The presence of large numbers of players in countries such as South Korea offerings novel herbal-based acne patches is responsible for market growth. The region is also expected to witness the highest growth over the forecast period.
Read 110-page market research report, "Anti-acne Dermal Patch Market Size, Share & Trends Analysis Report By Type (Chemical Based, Herbal Based), By Age Group (10 To 17, 18 To 44, 45 To 64, And 65+), By Distribution Channel, And Segment Forecasts, 2022 - 2030", published by Grand View Research.
Anti-acne Dermal Patch Market Growth & Trends
The pandemic of COVID-19 has made the anti-acne dermal patch industry witness a negative drop in its growth rate in 2020. The parent market of beauty and personal care has reflected a significant decline in its revenue growth across the year 2020. Closure of retail stores, pharmaceutical outlets during the initial period of the COVID-19 outbreak has resulted in severe disruption of the profit model of such industries. However, the COVID-19 outbreak has also resulted in a sudden spike in demand for E-commerce platforms such as Amazon and a few others. Online platforms delivering beauty and personal care products including anti-acne dermal patches have witnessed strong growth during the last quarter of 2020, thus mitigating the negative impact on the business up to a certain extent.
Furthermore, the increasing trend of social media marketing is another crucial factor boosting the adoption of acne patches. For instance, in August 2019, Hero Cosmetics launched an influencer campaign on TikTok, promoting its anti-acne dermal patch by featuring 20 creators who posted videos of their morning routines with Hero's Mighty Patch product, thus attracting a large group of customers and thereby propelling its revenue growth.
Anti-acne Dermal Patch Market Segmentation
Grand View Research has segmented the global anti-acne dermal patch market based on type, age group, distribution channel, and region:
Anti-Acne Dermal Patch Type Outlook (Revenue, USD Million, 2018 - 2030)
- Chemical based
- Herbal based
Anti-Acne Dermal Patch Age Group Outlook (Revenue, USD Million, 2018 - 2030)
- 10 to 17
- 18 to 44
- 45 to 64
- 65+
Anti-Acne Dermal Patch Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
- Retail Stores
- Pharmacies & Drug Stores
- E-Commerce Platform
Anti-Acne Dermal Patch Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- India
- Japan
- China
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
List of Key Players of Anti-Acne Dermal Patch Market
- Peter Thomas Roth Labs LLC
- Rael
- ZitSticka
- 3M
- Starface
- DermaAngel
- Hero Cosmetics
- Sephora USA, Inc.
- Urban Outfitters
- Peach & Lily
- COSRX
- Alba Botanica
- Peace Out Skincare
Check out more related studies published by Grand View Research:
- Anti-acne Cosmetics Market - The global anti-acne cosmetics market size is expected to reach USD 6.89 billion by 2028 registering a CAGR of 9.1%, according to a new report by Grand View Research, Inc. The high psychological burden associated with acne, especially among women, is expected to be the key growth-driving factor for the market.
- Anti-Stretch Mark Products Market - The global anti stretch mark products market size is expected to reach USD 1.78 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.1% from 2021 to 2028. Anti-stretch mark products contain active ingredients formulations that help in reducing the appearance of stretch marks. Increasing product acceptance and application by consumers are driving the demand.
- Natural Skin Care Products Market - The global natural skin care products market size is expected to reach USD 11.87 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.6% from 2022 to 2030. Organic products are gaining traction among a growing number of consumers, driven by the rising environmental awareness globally. Usage of organically-sourced ingredients in product formulations is anticipated to surge in the next few years as per the trends observed in skin care product consumption.
Browse through Grand View Research's coverage of the Pharmaceuticals Industry
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Grand View Compass | Grand View Pipeline
Follow Us: LinkedIn | Twitter
Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg
