About Professional Skincare Products
Professional skincare products are defined as skincare products that focus on solving problems and offering effective solutions. These products are used and distributed in a day spa/salons, beauty clinics, professional beauty therapists, doctor’s offices, professional beauty training institutes, and individual customers. In professional skincare products, the source, grade, purity, and effectiveness of the ingredients are better. The most used ingredient is Vitamin C, which includes Tetrahexyldecyl Ascorbate (THDA) and Magnesium Ascorbyl Phosphate (MAP).
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The Vendors having a strong hold in the market are L'Oreal, P&G, Unilever, and Estee Lauder. Analyst at AMA Research estimates that United States and France Vendors will contribute the maximum growth to Global Professional Skincare Products market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
L'Oreal (France), P&G (United States), Unilever (United Kingdom), Estee Lauder (United States), Shiseido (Japan), LVMH (France), Lotus Herbals (India), Chanel (France), Amore Pacific Group (South Korea) and Pharma Cosmetics Laboratories Ltd. (Israel) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are LG Group (South Korea), Kanebo Cosmetics Inc. (Japan), Bioelements (United States), Skin Republic (South Africa), Goldwell (United States) and Revlon (United States).
Segmentation Overview
AMA Research has segmented the market of Global Professional Skincare Products market by Type (Facial Care and Body Care), Application (Spas and Salons, Beauty Clinics, Professional Beauty Training Institutes, Doctors Office and Others) and Region.
On the basis of geography, the market of Professional Skincare Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Cream will boost the Professional Skincare Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online (E-Commerce Platforms will boost the Professional Skincare Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Treatment Type, the sub-segment i.e. Anti-Ageing will boost the Professional Skincare Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Demand for Organic, Clinically Tested Skincare Products
Market Growth Drivers:
The growing population across the globe and rise in disposable income of middle-class families in emerging economies are the key driving factor for the growth of the market., Growing Concern of Skin-Related Problems among People and Rise In Demand for Professional Beauty Care Products
Challenges:
Availability of Substitute Products and Intense Competition in the Cosmetics Industry
Restraints:
High Cost of the Products owing to Costly Ingredients
Opportunities:
Advanced Solutions and Latest Developments in Skincare Research and Increase in E-Commerce Platforms and Strong Distribution Channel
Market Leaders and their expansionary development strategies
In 2017, L’Oreal USA, a leading cosmetics brand has acquired the daily skincare brand CeraVe, which offers simple, effective and accessible products, recommended by American dermatologists. CeraVe is currently one of the fastest-growing skincare brands in the United States.
On January 4, 2019, P&G Ventures, the startup studio within Procter & Gamble, has unveiled Opté™ Precision Skincare System (Opté). Opté has combined the best of optics, proprietary algorithms, printing technology, and skincare in one device. Opté scans detect, and corrects hyperpigmentation with precision applications to reveal the natural beauty of the skin.
According to the FDA, companies, and individuals who manufacture or market cosmetics have a legal responsibility to ensure the safety of their products. Neither the law nor FDA regulations require specific tests to demonstrate the safety of individual products or ingredients. The law also does not require cosmetic companies to share their safety information with the FDA.
Key Target Audience
Professional Skincare Product Manufacturers, Raw Material Suppliers, Professional Beauty Training Institutes, Research Organization and Institutes and Traders/Distributors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.