Chemical Peel Market: Current Analysis and Forecast (2024-2032)
Emphasis on Type (Superficial Peel, Medium Peel, and Deep Peel); Application (Acne Spots, Wrinkles, Skin Brightening, and Others); Product (Lactic Peel, Fruit Peel, Pigment Balancing Peel, and Others); and Region/Country
Chemical Peel Market Size & Forecast
The chemical peel market was valued at approximately USD 2.2 Billion and is expected to grow at a strong CAGR of around 5.5% during the forecast period (2024-2032) owing to the rising trend of cosmetic makeovers.
Chemical Peel Market Analysis
The chemical peel market has experienced steady growth in recent years, driven by increasing awareness about skincare and beauty treatments, advancements in technology, and a growing aging population seeking anti-aging solutions. The market includes a wide range of chemical peel products catering to different skin types and concerns, from superficial peels available over the counter to more profound, medical-grade peels performed by dermatologists or skincare professionals. Factors such as rising disposable incomes, changing lifestyles, and the influence of social media on beauty trends also contribute to the growth of the chemical peel market. Additionally, the demand for chemical peels continues to rise as people seek practical solutions for concerns like acne, hyperpigmentation, uneven skin tone, and signs of aging. The market is expected to continue expanding as people increasingly prioritize aesthetics and self-care.
For instance, according to the American Society of Plastic Surgeons, skin rejuvenation treatments like chemical peels, dermabrasion, laser pulse therapy, and skin resurfacing continued to climb in popularity.
Moreover, according to the American Society of Plastic Surgeons in the U.S., in the year 2022, 3,322,292 total skin resurfacing treatments were performed, including chemical peeling.
Also, among key players, Baby Boomers held a significant share of the market for skin resurfacing (61%), which encompasses dermabrasion, chemical peels, and various laser treatments in the year 2022.
Chemical Peel Market Trends
This section discusses the key market trends that are influencing the various segments of the Chemical Peel Market as identified by our team of research experts.
Skin Brightening Segment Transforming Industry
The skin brightening segment in the chemical peel market has seen steady growth over the years, driven by various factors. There is a growing demand for skincare products and treatments that can address hyperpigmentation, dark spots, and uneven skin tone. Skin brightening chemical peels offer an effective solution by exfoliating the skin and reducing the appearance of pigmentation irregularities. These treatments appeal to diverse consumers, including those with fair skin looking to minimize sun damage and those with darker skin tones aiming to address hyperpigmentation issues without risking post-inflammatory hyperpigmentation. Skincare companies have developed advanced formulations for skin-brightening chemical peels, incorporating ingredients like alpha hydroxy acids (AHAs), beta hydroxy acids (BHAs), kojic acid, vitamin C, and niacinamide. These ingredients work synergistically to exfoliate the skin, inhibit melanin production, and promote a brighter complexion. The growth of the skin brightening segment in the chemical peel market reflects the increasing demand for effective solutions to achieve a more radiant, even-toned complexion, driven by consumer awareness, technological advancements, and the availability of safe and accessible treatments. For instance, in October 2023, SkinCeuticals, a medical aesthetic skincare brand worldwide famous for its products like Skinbright- hydra facial & micro peel treatment to address congestion and skin tone, announced the opening of SkinCeuticals SkinLab Ashburn by NOVA Plastic Surgery in the U.S.
North America is Expected to Grow with Significant CAGR During Forecast Period
Within North America, the U.S. holds a major share of the market. The major factors boosting the market’s growth in the country are the region’s rapid urbanization, rising technological advancements, the growing trend of skin resurfacing, affordable procedures, innovative type launches, and the presence of several market players.
According to the International Society of Aesthetic Plastic Surgery, 14,265 chemical peeling procedures were performed in Mexico and 371,228 in the U.S. in the year 2022.
In January 2023, U.S.-based Derma E launched a new vitamin C 10% multi-acid radiance liquid peel & retinol concentrated serum.
Chemical Peel Industry Overview
The chemical peel market is competitive, with the presence of several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new type launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are Image International Manufacturing, LLC, Dermalogica, Renée Rouleau Inc., L’Oréal Paris, Lasermed, AbbVie, Glytone, Galderma, Teoxane, Topix Pharmaceuticals, Inc.
Chemical Peel Market News
- In March 2024, Advanced Grohair & Gloskin Clinic launched its 2nd center in India. The clinic provides an array of exceptional skin Treatments, such as glutathione, hydrafacial, chemical peel, botox, fillers, and more.
- In February 2023,K.-based BEAUTYLAB launched an advanced chemical peel webinar to introduce chemical peels and their benefits.
- In January 2022,S.-based Vitality Institute, the famous skincare brand, announced the launch of its first-ever VI Peel Body Treatment, which helps remove pigmentation and fine lines on the décolletage, targets body acne to reduce scarring and repeat flare-ups, smooths scars from surgeries or injuries, softens the appearance of stretch marks and tightens sagging skin.
Chemical Peel Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, type portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global chemical peel market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Chemical Peel Market Analysis (2024-2032)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global chemical peel market were the three major steps undertaken to create and analyze the adoption of chemical peel in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global chemical peel market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the chemical peel market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the chemical peel market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, application, product, and regions. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the chemical peel market. Further, we conducted factor analysis using dependent and independent variables such as type, application, product, and regions of the chemical peel market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and type launches in the chemical peel market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global chemical peel market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the chemical peel market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global chemical peel market in terms of types offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global chemical peel market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the type, application, product, and regions in the global chemical peel market.
The main objective of the Global Chemical Peel Market Study
The current & future market trends of the global chemical peel market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the chemical peel market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
- Segments in the study include areas of the type, application, product, and regions.
- Define and analysis of the regulatory framework for the chemical peel
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the chemical peel market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the chemical peel market and the growth strategies adopted by the market players to sustain in the fast-growing market.
- Deep dive regional level analysis of the industry
Frequently Asked Questions FAQs
Q1: What is the chemical peel market's current market size and growth potential?
Q2: What are the driving factors for the growth of the chemical peel market?
Q3: Which segment has the largest share of the chemical peel market by type?
Q4: What are the emerging technologies and trends in the chemical peel market?
Q5: Which region will dominate the chemical peel market?
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