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The chemical peel market size is forecast to increase by USD 814.4 million, at a CAGR of 7.19% between 2023 and 2028. The market's growth is driven by several factors, including the rising demand for aesthetic procedures and technological advancements. Additionally, increased healthcare spending and growing beauty consciousness among consumers contribute to market expansion. The combination of these elements has led to a surge in the popularity and accessibility of cosmetic treatments. As technology continues to evolve, procedures become more effective and less invasive, attracting a broader audience. Meanwhile, higher disposable incomes and heightened awareness of beauty and personal care drive consumers to invest more in aesthetic enhancements, further propelling market growth. Our report examines historic data from 2018 - 2022, besides analyzing the current market scenario.
The market in North America is fuelled by the high disposable income of the population in the region. In addition, among the non-surgical procedures, the chemical peel was in the top five procedures performed in North America due to the rising older population, which is resorting to these procedures to tackle age-related issues. AMOREPACIFIC Group Inc. offers skincare and other beauty products.
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The market, a significant segment within the aesthetics industry, continues to grow due to increasing consumer awareness and concerns regarding acne, pigmentation, and wrinkle issues. One of the popular solutions for these concerns is the use of chemical peels. Chemical Peels are a type of skin treatment that utilizes Alpha-hydroxy acids (AHAs), derived from sources like sugar cane and sugar beets, and other chemicals to remove the outer layers of the epidermis. This process stimulates collagen production and reveals smoother, younger-looking skin. The market for chemical peels is driven by various factors, including the increasing prevalence of acne spots and dark circles due to fatigue and genetics. Additionally, the demand for non-invasive aesthetic procedures and the growing acceptance of chemical peels as an effective solution for skin concerns further propels the market's growth. Dermatology clinics and spas offer chemical peels as part of their services, making them easily accessible to consumers. Chemical peels come in different strengths, with medium peels offering more significant exfoliation and deeper penetration into the dermis. Popular types of chemical peels include glytonic peels, lactic peels, and milk peels. These treatments provide various benefits, such as improving skin texture, reducing fine lines and wrinkles, and evening out skin tone.
Increasing demand for aesthetic procedures and technological advancement drives market growth. The skincare market is witnessing a surge in demand for aesthetic treatments, with chemical peels being a preferred choice due to their ability to enhance skin texture and tone, address acne and pigmentation, and improve the appearance of wrinkles. Glytone, Alpha hydroxy acid (AHA) derived from sugar cane and sugar beets, and lactic peels are popular chemical peel solutions.
Moreover, AHAs, such as glycolic and lactic acids, exfoliate the epidermis, while medium peels penetrate deeper into the dermis. These non-invasive procedures offer a more natural and youthful look, addressing acne spots, dark circles, and signs of fatigue. Collagen production is stimulated, leading to skin renewal. Dermatology and aesthetic medicine professionals utilize chemical solutions for facial treatment, offering a professional and effective means of skin resurfacing and exfoliation. Hence. such factors are driving the market growth during the forecast period.
Increasing awareness about anti-aging measures is a primary trend in the market. The skincare sector, particularly aesthetics, has seen a surge in popularity with the rise of anti-aging measures like chemical peels. These procedures aim to enhance appearance by addressing concerns such as acne, pigmentation, and wrinkle issues. The market is in its growth phase, driven by advantages like age spot reduction, sun damage removal, skin lightening, smoothening, and collagen improvement.
Moreover, notable chemical peel solutions include those based on glycolic acid, alpha hydroxy acids derived from sugar cane and milk, and lactic peels from sugar beets. These dermatological procedures offer exfoliation, skin renewal, and resurfacing, making them a sought-after choice in the beauty industry for chemical exfoliation and facial rejuvenation. Hence. such factors are driving the market growth during the forecast period.
High cost of chemical peel products is a major challenge hindering the market. In the realm of skincare and aesthetics, chemical peels serve as an effective solution for addressing various concerns such as acne, pigmentation, and wrinkle issues. These treatments involve the application of a chemical solution to exfoliate and renew the skin.
Moreover, the cost of a chemical peel varies significantly, with prices ranging from USD 150 for a light glycolic peel to USD 6,000 for a deep peel. The choice of peel depends on the severity of the skin concern and the desired outcome. Light peels, which contain alpha-hydroxy acids derived from sources like glytone, sugar cane, and sugar beets, can be repeated for optimal results. Hence. such factors are hindering the market growth during the forecast period.
The hospital and recreation centers segment is estimated to witness significant growth during the forecast period. The Market caters to the demands of Skincare and Aesthetics, focusing on addressing various skin concerns such as Acne, Pigmentation, and Wrinkle issues. Glytone, Alpha hydroxy acid derived from Sugar cane and Sugar beets, Lactic peel, Milk, and Alpha-hydroxy acids (AHAs) are popular chemical solutions used in this market.
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The hospital and recreation centers segment was the largest segment and valued at USD 811 million in 2018. A medium peel penetrates the Epidermis and upper Dermis, targeting Acne spots, Dark circles, and Fatigue caused by genetics or aging. Dermatology and Aesthetic Medicine employ Chemical Peels as a Dermatological Procedure and Cosmetic Procedure for Skin Renewal and Rejuvenation. The use of a Chemical Agent for Exfoliation and Skin Resurfacing through Acid Peels and Peeling Solutions is a professional treatment in the Beauty Industry, offering Chemical Exfoliation and Skin Treatment for Facial Rejuvenation. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.
The personalized and customized services offered by the dermatology clinics segment, in turn, increase the market growth. Dermatologists are also choosing multi-physician settings over solo practices, which is leading to increased profits for them. In addition, the rising demand for combination treatments is benefiting both ends. Moreover, this combination of treatments helps in increasing efficacy for a long period. In addition, the combination of dermal fillers, neurotoxins, energy-based devices, and less invasive surgeries are customized according to everyone's requirements to yield the best result compared with a single treatment option. Hence, such factors are fuelling the growth of this segment which in turn drives the market during the forecast period.
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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast years. The North American market for chemical peels, including TCA Peels, Lactic Acid, Salicylic Acid, Alpha Hydroxy Acid, and Beta Hydroxy Acid peels, experienced significant growth in 2021. With a total spending of USD14.6 billion on aesthetic procedures, non-surgical treatments, such as chemical resurfacing, gained popularity. The aging population's increasing preference for addressing skin texture issues, hyperpigmentation, acne scars, fine lines, and wrinkle reduction through it contributed to the market's expansion. Vendors continue to innovate with formulations like Jessner's Solution, catering to various skin conditions in medical aesthetics and cosmeceutical treatments. Sun damage and melasma treatment are also significant applications for chemical peels. The chemical peel procedure offers clinical benefits, making it a popular choice for enhancing skin health and beauty. Hence, such factors are driving the market growth in North America during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BeautyPharmaCo: The company offers Injectable products, chemical peels, masks and care and skin genetics code cosmetics.
The Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
AbbVie Inc., Bausch Health Companies Inc., Candela Corp., Caudalie International SE, Galderma SA, Hale Cosmeceuticals Inc, Image International Manufacturing LLC, Johnson and Johnson Services Inc., LOreal SA, MedPeel, Merz Pharma GmbH and Co KGaA, NEFTIS LABORATORIOS SL, Pierre Fabre SA, ProDerma Light, Radius Healthcare Pvt. Ltd., Renee Rouleau Inc., Topix Pharmaceuticals Inc., and Unilever PLC
Market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The market holds a significant segment in the Aesthetics industry, with Chemical Peels being a popular treatment. The use of it in cosmetics and dermatology is increasing due to their ability to improve the appearance of the skin. These treatments work by applying a chemical solution to the skin, causing it to blister and eventually peel off, revealing smoother and more even-toned skin. The market is driven by factors such as the increasing awareness of skin health and the desire for youthful and radiant skin. Additionally, advancements in technology have led to the development of new and more effective chemical peel formulations, making the treatment more accessible and appealing to a wider audience. The market is expected to grow in the coming years, with an emphasis on the development of new and innovative products.
Companies are focusing on research and development to create more effective and less invasive peel formulations, as well as targeted treatments for specific skin concerns. The demand is high in regions such as North America and Europe, where the skincare market is well-established and consumers are willing to invest in treatments that provide visible results. However, the market is also growing in emerging economies, where the increasing awareness of skin health and the availability of affordable treatments are driving demand. In conclusion, the market is a growing segment in the Aesthetics industry, Superficial or light peel, driven by the increasing awareness of skin health and the development of new and effective treatments. The market is expected to continue growing in the coming years, with a focus on innovation and accessibility.
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Market Scope |
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Report Coverage |
Details |
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Page number |
170 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.19% |
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Market growth 2024-2028 |
USD 814.4 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.58 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 48% |
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Key countries |
US, Canada, China, Germany, and India |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
AbbVie Inc., AMOREPACIFIC Group Inc., Bausch Health Companies Inc., BeautyPharmaCo, Candela Corp., Caudalie International SE, Galderma SA, Hale Cosmeceuticals Inc, Image International Manufacturing LLC, Johnson and Johnson Services Inc., LOreal SA, MedPeel, Merz Pharma GmbH and Co KGaA, NEFTIS LABORATORIOS SL, Pierre Fabre SA, ProDerma Light, Radius Healthcare Pvt. Ltd., Renee Rouleau Inc., Topix Pharmaceuticals Inc., and Unilever PLC |
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Market dynamics |
Parent market analysis, market growth analysis, market research and growth, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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