The global anti-acne makeup market isn’t going to pop any time soon, according to an analysis by Reports and Data.
The market is expected to grow at a CAGR of 4%, per the report—a value of $3.4 billion by 2026, the end of the forecast period.
Among the study’s findings:
- Products using Salicylic acid are the most popular
- The market is driven by a steep rise in population, including those who are willing to dispose income on high-end luxury goods to combat acne
- Fewer men than women consume these products, with men accounting for less than 35.7% of the entire market share
- Products which combine benzoyl peroxide and salicylic acid are considered the most effective at fighting blackheads and pimples
- Restrictions and tests imposed by the Food and Drug Association make it difficult for new entrants from less developed countries
Related: Is an Acne Vaccine in Our Future?
- The top strategies for capturing market share are product launches and competitive pricing
- Japan and Europe are neck-and-neck to become the largest producers of anti-acne cosmetics, with Japan currently regarded as the second largest producer (with 24% of the market share)
- In the consumer market, China, the U.S. and Europe “stand in prime positions”
- The largest volume of sales come from general department stores and super markets, accounting for 30% of the total
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