U.S. Dermocosmetics Market - Focused Insights 2023-2028

The U.S. dermocosmetics market is projected to reach USD 6.49 Billion by 2028 at a CAGR of nearly 9% from 2022 to 2028. The U.S. dermocosmetics sector is witnessing a notable upsurge, particularly in the aftermath of the COVID-19 pandemic, significantly boosting its contribution to the global market. Recognizing the evolving consumer behaviors, leading companies are diversifying their strategies by embracing omnichannel approaches. This includes a seamless integration of exclusive retail stores and expansive digital platforms. This dual-channel presence is a market expansion tactic and a critical tool in understanding and responding to consumer needs.  

MARKET DRIVERS  

Increasing Product Awareness: Social media, home shopping networks, and informatics are increasing people's awareness of dermocosmetics products in the U.S. It creates confidence among women to use the products. In addition, increasing direct-to-customer sales also increase the sales of dermocosmetics products.  

Increasing Male Customers: The growth in male consumers is attributed to the rapidly evolving needs of men. Most care about timely grooming their beard, hair, and skin. Growing awareness of the harmful effects of U.V. rays and pollution also drives the growth of the men's grooming and beauty industry. Leading companies like L'Oréal and IFF offer skin care products for U.V. rays and pollution protection. L'Oréal offers Men Expert White Active Moisturize SPF 26, which combines MelanoBlock and vitamin C, two active ingredients proven to regulate melanin production. Lucas Meyer Cosmetics, a part of IFF company, offers an anti-pollution micellar gel, especially for men, which contains Exo-P. This active ingredient provides a biomimetic shield against air and water pollution. Overall, the number of skin care websites increased by 400% in May 2021 compared to May 2020. 

U.S. DERMOCOSMETICS MARKET INSIGHTS  

• The hair care segment dominates the market share of the product segment in the U.S. dermocosmetics market. The hair care industry is abundantly crowded with products, such as conditioners, shampoos, oils, and masks, with regional and national companies occupying the market. The increasing target population for the hair care segment will drive the demand for dermocosmetic products. 
• The female segment dominates by gender in the usage of dermocosmetic products. The segment's growth is because women have their perceptions and notions of using cosmetics, which include looking stylish, being confident, and looking trendy. Social media platforms largely influence the adoption of Dermocosmetics by women. 
• The pharmacy & drugstore segment by distribution channel has the largest market share, with over 50% in 2022. Most people prefer purchasing products from pharmacies due to their easy availability in convenient locations. This is one of the major reasons for purchasing products from pharmacies & drug stores. 
• Hospitals and Clinics have the highest market share of the end-user segment in the U.S. dermocosmetics market. Hospitals and skin clinics are the primary care centers for aesthetic medical treatments. These sources offer a complete range of aesthetic solutions and services for skin, hair, and overall body enhancement and improvement. The availability of expertise and cutting-edge technological innovations with solutions contributes significantly to market growth. 

VENDOR LANDSCAPE  

The U.S. dermocosmetics market report consists of exclusive data on 22 vendors. The competitive scenario in the dermocosmetics market in the U.S. is currently intensifying, with global players offering a diverse range of products. Loreal, Pierre Fabre, PUIG, Beiersdorf, and Galderma dominate the market. The major players focus on strategic acquisitions and collaboration agreements with emerging players to enter the dermo-cosmetic market and gain access to commercially launched products.