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

INDUSTRY ANALYSIS

The U.S. dermocosmetics market is anticipated to reach USD 6.49 billion by 2028, growing at a CAGR of nearly 9% from 2022 to 2028. The sector is experiencing significant growth, particularly in the post-COVID-19 landscape, amplifying its contribution to the global market. In response to shifting consumer preferences, leading companies are adopting omnichannel strategies, blending exclusive retail stores with expansive digital platforms. This integrated approach not only fuels market expansion but also enhances customer insights and satisfaction.

MARKET DRIVERS

Rising Product Awareness: Increased exposure through social media, home shopping networks, and digital information channels is driving greater awareness of dermocosmetics products in the U.S. This growing knowledge fosters consumer confidence, especially among women. Additionally, the rise in direct-to-consumer sales further boosts product accessibility and demand.

Growing Male Consumer Base: The expanding male customer segment is propelled by evolving grooming needs and heightened awareness of skincare. Men are increasingly prioritizing beard, hair, and skin care, driven by concerns over UV damage and pollution. Industry leaders such as L'Oréal and IFF are addressing this demand with innovative products. L'Oréal’s Men Expert White Active Moisturizer SPF 26 combines MelanoBlock and vitamin C to regulate melanin production, while IFF’s Lucas Meyer Cosmetics offers an anti-pollution micellar gel for men, featuring Exo-P for protection against air and water pollution. Notably, the number of skincare websites surged by 400% in May 2021 compared to May 2020, highlighting the growing digital footprint of the sector.

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.