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The India market presents a lucrative opportunity for beauty brands, driven by a growing middle class, increasing disposable income, and rising consumer interest in beauty and personal care. Demand for international brands and high-quality products has created a favorable environment for beauty brands, particularly in the professional sector, to expand their presence in India.
All signs in our professional skin care research point to a reset in the demand for aesthetic services and skin care products in 2023 and moving into 2024. While there continues to be a high level of enthusiasm for medical-dispensing skin care and services amongst physicians and consumers alike, this will be the second year
The 54th edition of Cosmoprof Worldwide Bologna once again proved to be a success, offering beauty professionals a vast networking platform, numerous educational opportunities, and a giant exhibition area that featured around 3,000 players from over 60 countries. Sustainability remained the predominant theme of the event, highlighted by its importance in the beauty and wellbeing
Aesthetic facial bars and med spas are popping up everywhere in the United States—from trendy neighborhoods to metropolitan and suburban alike. Even after a year of continued inflation and economic uncertainty, the U.S. professional skin care market continues to be dynamic, increasing at a rate of almost 11% in 2022, according to Kline’s Professional Skin
With fears of a recession and inflation at a high, dispensing physicians are becoming more thoughtful with their orders on professional skin care stock. The U.S. physician-dispensed skin care channel registered record-high sales growth of 26% last year, according to our Professional Skin Care Global Series report. However, most professional skin care marketers are expecting growth in 2022 to be about one-half of the growth last year.
The global professional skin care market has almost doubled in size in 10 years, from $4.5 billion in 2010 to $8.5 billion in 2021. And the future looks robust, as sales are estimated to rise at a CAGR of 10% through 2026, which shows the strong momentum and opportunities that exist in this market.
The medical care providers channel has been the shining star of the professional skin care market for several years, registering double-digit growth in 2021 to reach $2.3 billion, according to our Medical Dispensing Skin Care: Global Market Brief report. While the COVID-19 pandemic caused physicians around the world to temporarily shutter their doors, opportunities nevertheless arose, resulting in an unprecedented global surge in sales
AlumierMD, a Canadian-based, professionally dispensed skin care brand, has quickly become a leading player in Canada’s professional skin care market since its debut in 2016. The medical-grade brand is exclusive to physicians; formulates products with clean, clinical ingredients that are free from substances banned by the EU, FDA, and Health Canada; and is most recognized
Professional beauty remains a popular hunting ground for acquisition targets, with small and mid-sized brands offering growth potential to their future owners. Both Unilever and Colgate have pursued professional skin care with this strategy in mind, with Unilever’s Dermalogica gaining ground through retail expansion and Colgate-owned EltaMD making progress in the Chinese market. Brand stewards
Taking measures to reach new skin care consumers and devotees, professional skin care marketers are pushing beyond their traditional selling environments and product offerings more than ever. From the emergence of new outlets to express services, these initiatives helped sales for these brands around the globe rise 5% to reach nearly $8 billion in 2019.
