Anti-acne cosmetics market is estimated to grow at a CAGR of 8.0% during the forecast period. The major factors contributing to the growth of the market include the growth in the cosmetics industry and increasing preference towards organic and natural skincare products. There is an increasing demand for cosmetic products owing to the rising disposable income and increasing consumer awareness regarding major cosmetic brands. As per the International Trade Administration (ITA), South Korea is the 8th largest cosmetics market across the globe, which represents approximately 3.0% of the global market. In 2017, the South Korean cosmetics market stood at nearly $8.8 billion, and the total exports and total local production increased by nearly 18.3% and 3.6%, respectively from 2016.
Online distribution channels are becoming popular among South Korean consumers to buy cosmetic products. The country has a considerable smartphone ownership rate/ broadband penetration rate and the fastest average internet speed. Sales through mobile shopping have increased considerably in the recent period. As per the Korean National Statistical Office, online shopping market transactions increased 19.2% year-on-year to $68 million in 2017. Among these, mobile shopping transactions valued at $42 billion, increased 35% from 2016, accounting for 61% of total online shopping.
Anti-acne creams and cleansers have been gaining significance in the cosmetics segment which aims to prevent and treat acne scarring. As per the University Of California, Berkeley, acne primarily affects teens; over 85% experience at least a mild form of such condition. It normally occurs on the face, shoulders, neck, chest, and back. This encourages the demand for anti-acne treatment and thereby leads to the adoption of anti-acne creams, lotions, and toners.
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Anti-Acne Cosmetics Market Segmentation
By Product
- Creams and Lotions
- Cleanser and Toner
- Mask
- Others
By End-Use
- Women
- Men
By Distribution Channel
- Online
- Offline
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Anti-Acne Cosmetics Market – Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Ancalima Lifesciences Ltd.
- Beiersdorf AG
- Biotique
- Clinique Laboratories, LLC
- Crown Laboratories, Inc.
- Galderma S.A.
- Himalaya Global Holdings Ltd.
- Johnson & Johnson Services, Inc.
- Kao Corp.
- Khadi Natural
- KOSÉ Corp.
- L’Oréal SA
- Lion Corp.
- Lotus Herbals Pvt. Ltd.
- Reckitt Benckiser LLC
- Re'equil India Pvt. Ltd.
- The Mentholatum Co.
- The Proactiv Company LLC
- Unilever PLC
- Vedantika Herbals
- Vidhita Herbs
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