Facial Rejuvenation Products Industry Data Book - Facial Injectable, Skin Boosters, Facial Skincare and Anti-Acne Cosmetics Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

Database Overview

The facial rejuvenation products industry database, compiled by Grand View Research, is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

The following data points will be included in the final product offering in 4 reports and one sector report overview:

Facial Rejuvenation Products Industry Data Book Scope

Facial Rejuvenation Products Industry Data Book Coverage Snapshot

Facial Injectable Market Analysis And Forecast

The global facial injectable market size was estimated at USD 12.7 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 10.3% from 2023 to 2030. A growing focus on physical appearance among consumers has led to an increased demand for facial injectables in recent years. Increasing awareness regarding minimally invasive procedures due to various beauty campaigns being organized by key players in the market is also a driving factor for market growth. The ongoing COVID-19 pandemic has increased the time spent on video calls. Known as the ‘Zoom Boom’, several adults are becoming more aware of their appearance. This has increased demand for cosmetic surgeries, with Botox being one of the most popular products preferred.

Patients are also opting for cosmetic surgeries owing to ease of recovery while staying at home. Thus, the market has witnessed a spike during the pandemic and this trend is expected to boost further. The presence of well-established key players like Allergan, Sinclair Pharma, and Galderma with a comprehensive injectable fillers portfolio treating a broad range of skin indications like wrinkles, pigmentation, plumping of lips, scars, restoring facial fullness as well as enhancing facial contours is expected to drive the demand for facial injectable procedures thereby boosting market revenue. Factors such as the increasing social media exposure, rising effectiveness, and approvals for facial injectables, and the escalating desire among the population to look aesthetically appealing and young are expected to drive the market growth during the forecast period.

Skin Boosters Market Analysis And Forecast

The global skin boosters market size was estimated at USD 1.03 billion in 2022 and is expected to grow at a CAGR of 9.6% from 2023 to 2030. The desire to look youthful among the millennials and the rising consumption of aesthetic procedures by both men and women, especially from emerging economies are majorly estimated to drive the market. However, the advent of the COVID-19 pandemic has hugely affected the overall non-invasive aesthetic industry. However, many aesthetic professionals believe that pandemics might most likely propel the overall growth of the aesthetic market. Many dermatology clinics have witnessed a boost in the number of future appointments and consultations for different skin treatments and this is expected to boost the market growth.

Skin Boosters Market: Key Participants

Cosmeceutical injections like skin boosters are designed to boost collagen production and amplify the skin's natural ability to self-repair. This can be attributed to factors such as technological advancements, relatively higher disposable income, and the availability of several aesthetic professionals in the country. Furthermore, The U.S. is among the most favored markets for aesthetic companies for new product launches.

According to WKYC Studio, the desire to look perfect and confident on camera is a major cause of an increase in procedure booking observed by esthetic professionals in 2020. Aesthetic and cosmetic doctors across the globe, including the U.S., the UK, Australia, South Korea, and Japan, have reported an increase in injectable procedure appointments which also include skin booster treatments after the pandemic, and this is expected to further propel market growth. Moreover, the increasing obsession and desire for flawless and healthy-looking skin will be a boosting factor for market growth

Facial Skincare Market Analysis And Forecast

The global facial skincare market size was estimated at USD 90.8 billion in 2022 and is expected to grow at a CAGR of 5.8% from 2023 to 2030. Rising awareness regarding the importance of facial products in maintaining healthy skin, enhancing skin appearance, and minimizing skin conditions is driving the industry of these products. In the past few years, facial care products have contributed to almost 70.0% share of the overall revenue in the skincare market. Manufacturers have realized the significance of these products among consumers and have shifted their focus toward facial beauty products. Manufacturers have started their brand campaigns through various social media platforms such as Facebook, Instagram, and YouTube to market their products. Key players have collaborated with different celebrities and appointed them as brand ambassadors of their products to attract more customers.

The market is highly competitive in terms of pricing and the launch of new product variants. High investments in R&D by the key manufacturers are anticipated to boost market growth. Moreover, they are introducing new products to meet the growing consumer demand for improving skin appearance. This, in turn, will have a positive impact on the growth of the market in the near future.

Demand for long-lasting product variants has surged in Asia Pacific due to the growing trend of skin-whitening agents. Increasing demand for various facial care products and a growing R&D sector are driving the market in Europe. North America is likely to witness significant growth based on the high spending power of the working professionals in the region.

Anti-acne Cosmetics Market Analysis And Forecast

The global anti-acne cosmetics market size was estimated at USD 4.5 billion in 2022 and is expected to grow at a CAGR of 9.1% from 2023 to 2030. The negative social stigma associated with acne and the rising consumption of cosmetics by both men and women, especially from emerging economies are majorly estimated to drive the market growth. The incidence of acne increased during the pandemic, which, in turn, accelerated the market growth. Acne is a highly prevalent skin disorder among adolescents. According to an article published by the Journal of The European Academy of Dermatology and Venereology, more than 95% of boys and nearly 85% of girls are affected by acne during their adolescence. Out of these, nearly 40% experience moderate‐to‐severe acne and nearly 50% continue to have acne in their adulthood. The high prevalence of acne, especially in the young population, is anticipated to fuel market growth.

Furthermore, factors, such as the increasing number of e-commerce platforms selling these products, growing internet penetration, and rapid urbanization, are estimated to boost the demand for these products among the target population, especially in developing economies. Social media is one of the biggest market influencers. The impact of social media on esthetics has been massive, especially in terms of how consumers perceive and project themselves. According to a survey conducted by Dove, nearly 82% of women believed that social media can alter existing beauty standards. Furthermore, increasing awareness regarding various products and their features is anticipated to positively impact the market growth.

Consumers are well aware of the price, advantages, and side effects of products, which helps them make well-informed purchase decisions. Despite the adverse impact of the COVID-19 pandemic on several industries, skincare product manufacturers have witnessed an increase in product sales. Cases of skin irritation, such as acne, increased during the COVID-19 period due to prolonged use of face masks. As a result of this, consumers rely on skin care products to keep their skin hydrated.

Competitive Insights

Mergers & acquisitions are one of the key sustainable strategies undertaken by market players. For instance, L'Oréal is planning to undertake mergers& acquisitions in India to expand its skin and make-up portfolio to meet the country’s increasing demand for cosmetic products. The manufacturers of skin booster products are aiming to strengthen their tie-ups with aesthetic facilities like dermatology clinics and Medspa to generate revenue. For instance, in October 2020, Allergan acquired the aesthetics division of Luminera which is an Israeli Research And Development company specializing in dermal fillers that are easy for injectors to work with and provide natural-looking, skin-rejuvenating results.

This section in the final deliverables also highlights various initiatives taken by the key companies in the recent past that strongly impact this market. The chart below represents the various strategic developments initiated by these market participants:

Key Drivers

• Social media plays a very vital role in influencing the purchasing decisions of millennials; peer recommendation carries a lot of importance

• The presence of a large population susceptible to various signs of aging is boosting the demand

• Psychological issues are anticipated to prompt patients to seek cosmetic solutions to improve their appearance and self-worth

• Complete skin rejuvenation improves the esthetic appeal of a person, and women account for the majority of the demand for esthetic devices due to the growing concern among them regarding their physical appearance

• Increasing incidence of skin conditions, such as sun damage, acne, & wrinkles, is a significant factor leading to an increase in the demand for facial rejuvenation