Chemical Peel Market Worth $2.89 Billion By 2030 | CAGR: 5.5%

Chemical Peel Market Growth & Trends

The global chemical peel market size is expected to reach USD 2.89 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.5% from 2022 to 2030. As people are becoming more conscious about their skin and looks and looking for methods to get smooth flawless skin by getting rid of skin problems, the chemical peel has been their common choice as it is less painful and quick.

Increasing awareness among the masses about their skin and its problems like acne, dark spots, wrinkles, fine lines, and dark circles has led to an increase in the demand for a chemical peel treatment. People want to treat their skin with something that can provide them with quick results and minimum pain and the chemical peel fits best for them. It does not require injecting any syringes into the skin thus is done with minimal pain and within a few hours.

During the COVID-19 period, the global cosmetic products market witnessed a decline in growth rate. Cosmetic manufacturers were forced to close their production units and there was a labor shortage owing to the imposition of lockdowns by various governments. In addition, many cosmetic stores and spas were forced to close to control the spread of the infection. According to the American Society of Plastic Surgeons, in 2020 there was a decline of around 33% in chemical peel procedures in the U.S.

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Chemical Peel Market Report Highlights

• The fruit peel segment accounted for 22.9% market share in 2021. It is an alpha hydroxy acid extracted from sugar cane, sugar beets, and fruits and is a mild peel used to treat aging and other skin problems. It dissolves the ‘cement’ when applied to the skin, which helps in holding superficial cells in the skin’s uppermost layer thus, helping it to exfoliate

• Retinol peel helps to neutralize free radicals which help to increase the production of collagen and elastin which creates a plumping effect, as a result, reducing the appearance of wrinkles

• The superficial peel segment accounted for the largest market share of 62.1% in 2021. This is due to the high adoption of light peel among consumers

• The acne spot segment accounted for the largest market share of around 25.0% in 2021. A superficial or light peel is highly effective for acne spots

• Among the end-use segments, med spas are expected to register the fastest growth of 6.2% over the forecast period. An increasing number of medical spas and consumers’ growing awareness regarding aesthetics and looks are driving the segment growth

• North America dominated the market in terms of regional share of around 40% in 2021. People face several skin problems with skin cancer being the most common followed by rosacea, psoriasis, and acne being the fourth most common skin problem

• Asia Pacific is expected to witness the fastest CAGR of over 6.4% during the forecast period. Aging is a most common issue in countries with rapidly greying populations like Japan, China, and South Korea thus becoming a major reason for attracting companies offering anti-aging products

• Europe chemical peel industry is anticipated to expand at a CAGR of 6.1% from 2022 - 2030. Acne is the fourth largest skin problem faced by Europeans followed by other problems such as scars, hyperpigmentation, fine lines, and wrinkles

Chemical Peel Market Segmentation

Grand View Research has segmented the global chemical peel market based on type, product, end-use, application, and region

Chemical Peel Type Outlook (Revenue, USD Million, 2017 - 2030)

• Superficial or Light Peel

• Medium Peel

• Deep or Phenol Peel

Chemical Peel Application Outlook (Revenue, USD Million, 2017 - 2030)

• Acne Spots

• Wrinkles

• Fine Lines

• Hyperpigmentation

• Scars

• Dark Circles

• Skin Brightening

• Others

Chemical Peel Product Outlook (Revenue, USD Million, 2017 - 2030)

• Lactic Peel

• Fruit Peel

• Salicylic Acid Peel

• Pigment Balancing Peel

• Trichloroacetic Acid Peel

• Vitalize Peel

Chemical Peel End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Hospitals

• Med Spa

• Dermatology Clinics

• Others

Chemical Peel Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • Germany

  • U.K.

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

• Latin America

  • Brazil

  • Mexico

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • UAE

  • South Africa

List of Key Players of Chemical Peel Market

• IMAGE Skincare

• Dermalogica

• Johnson & Johnson Private Limited

• Bausch Health Companies Inc.

• Renee Rouleau

• L’Oréal