The global glycolic acid peel market is poised for significant growth, with sales projected to reach USD 389.5 million in 2024 and an estimated compound annual growth rate (CAGR) of 5.7%, culminating in a market size of USD 679.6 million by 2034. This growth is fueled by advancements in skincare technology, an increasing inclination toward non-invasive cosmetic procedures, and a growing demand for flawless, youthful skin.
The rise of beauty standards promoted by social media has led to a surge in the popularity of chemical peels, including glycolic acid peels, as consumers seek effective solutions for skin conditions such as acne, hyperpigmentation, and signs of aging. Pharmaceutical companies are expected to leverage this trend by investing in innovative product development and targeted marketing strategies to capture a larger market share.
Key Market Drivers
- Advancements in Technology: Continuous innovations in cosmetic formulations enhance the efficacy and safety of glycolic acid peels, attracting a diverse consumer base.
- Increasing Incidence of Skin Disorders: A rise in skin concerns, such as acne, hyperpigmentation, and aging, drives demand for effective treatment options like chemical peels.
- Popularity of Non-Invasive Treatments: The growing preference for non-surgical cosmetic solutions makes glycolic acid peels an appealing choice for skin rejuvenation.
- Influence of Social Media: The promotion of beauty standards on social media platforms boosts awareness and demand for glycolic acid peels among consumers.
- Rising Disposable Incomes: Increased disposable income, especially in emerging markets, enables more consumers to invest in aesthetic procedures.
- Growing Demand for Personalized Skincare: Consumers seek customized solutions, leading to a rise in the popularity of glycolic acid peels tailored to individual skin types and concerns.
Regional Insights
- India: Projected CAGR of 11.3%, driven by rising urbanization and demand for glycolic acid-based skincare products.
- China: Expected CAGR of 9.4%, reflecting increasing disposable incomes and a burgeoning skincare market.
- Spain: Anticipated CAGR of 5.9%, fueled by a rapidly expanding professional skincare industry.
- France: Growth driven by heightened consumer interest in effective skincare treatments.
- United States: Slower growth rate of 1.3%, supported by increasing demand across cosmetics and personal care sectors.
Competitive Landscape
The glycolic acid peel market is highly competitive, with major players implementing strategic marketing to enhance their market positions. Leading manufacturers are focusing on technological advancements, product innovation, and expanding their product ranges. Key players consistently invest in research and development to enhance their offerings and adapt to the evolving demands of consumers regarding effectiveness, performance, and sustainability.
Recent Developments
- In 2023, L’Oreal Group launched its glycolic acid peeling toner formulated with 5% glycolic acid, the dermatologist’s gold standard for professional peels, and designed for maximum effectiveness and safety every day. Clinically proven to show clean, fresh, and bright skin. Dermatologists tested all skin tones.
- In 2023, the Estée Lauder Companies launched Advanced Night Repair Rescue Solution with 15% Bifidus Ferment. The serum’s fast-absorbing, fluid texture is great for delicate, sensitive skin. The mixture decreases the appearance of continuous redness and red post-acne markings, as well as evident irritation induced by cosmetic treatments like a 50% glycolic acid peel and external triggers like men’s daily face shaving.
Leading Glycolic Acid Peel Brands
L’Oreal Group
The Estée Lauder Companies
Johnson & Johnson Consumer Health
Unilever
Valeant Pharmaceuticals International Inc.
Galderma S.A.
Meda Pharmaceuticals Plc
Sciledo Pharma AG
Obagi Medical Products
SkinMedica
PCA Skin
Murad Skincare
Key Segments of the Report
By Skin Type:
The glycolic acid peel market is classified into dry, oily, combination and sensitive.
By Concern:
The glycolic acid peel market is classified into hospitals, orthopedic clinics and others.
By Application:
The glycolic acid peel market is classified into in acne treatment, anti-aging and others.
By Sales Channel:
The glycolic acid peel market is classified into modern trade, mono-brand stores, specialty stores, convenience stores, pharmacies and drugstores, online retailing and others.
By Region:
Analysis of the glycolic acid peel market has been carried out in key countries of North America, Latin America, Western Europe, South Asia, East Asia, Eastern Europe and Middle East & Africa.
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