By 2034, the global chemical peel market is expected to rise at a CAGR of 4.4%. The market value is projected to increase from USD 2,263.3 million in 2024 to USD 3,350.6 million by 2034. The chemical peel market was valued at USD 2,172.9 million in 2023 and is anticipated to exhibit a y-o-y growth of 4.1% in the same year.
During the projection period, the growth of the chemical peel market would be significantly impacted by the increased demand for minimally invasive and non-invasive procedures. Popular non-invasive and minimally invasive beauty procedures such as chemical peel or face rejuvenation are currently very popular across the globe.
Novel methods promote a quick recovery and lower the risk of complications of post-surgery, such as adhesions and wound dehiscence, as well as issues with pain and scars. The significant shift away from traditional surgical procedures and toward non-surgical ones, such as cutting-edge medical laser treatments, and the rise in laser clinics will both support growth.
As people accept at-home hair coloring and at-home workouts, at-home peels became more popular as individuals have to attend work meetings and social events on Zoom, where the camera tends to magnify skin marks. The chemical peel market is being driven by the growing middle-aged and geriatric population.
It would also expand due to the increasing beauty consciousness. Millennials are acknowledged as the ones who use chemical peeling products very frequently.
| Attributes | Key Insights |
|---|---|
| Chemical Peel Market Anticipated Size (2023A) | USD 2,172.9 million |
| Estimated Global Chemical Peel Market Size (2024E) | USD 2,263.3 million |
| Projected Chemical Peel Market Value (2034F) | USD 3,350.6 million |
| Value-based Chemical Peel Market CAGR (2024 to 2034) | 4.4% |
Explore FMI!
Book a free demo
Chemical peels have been used for several years to rejuvenate skin. Their primary uses were for the treatment of sun-damaged skin and acne scars. Strong acids were frequently used in early chemical peels, which had adverse consequences and needed longer recovery times.
A trend toward creating formulas that are softer and more focused has emerged throughout time. As a result, the negative effects and recovery period linked to chemical peels have decreased. Treatments can now be made more individualized and flexible thanks to the development of new substances such as beta hydroxy acids (BHAs) and alpha hydroxy acids (AHAs).
The popularity of cosmetic operations, including chemical peels, surged in the early 21st century. The escalating demand was fueled by heightened media exposure, celebrity endorsements, and shifting public perceptions of cosmetic improvement.
There was a shift toward non-invasive cosmetic operations as technology developed. Patients started to favor therapies that involved less discomfort and little recovery time. In this context, chemical peels have become popular because they are less intrusive than surgical treatments.
Customizing chemical peel treatments to address specific skin types, issues, and goals has been popular in recent years. Professionals in skincare began customizing regimens to target certain problems, including acne, fine wrinkles, and hyperpigmentation.
Globally, there has been an increasing demand for cosmetic operations such as chemical peels. A growing number of emerging economies are showing interest in skincare and cosmetic procedures. This growth was fueled in part by the influence of social media and the globalization of beauty standards. Owing to the above-mentioned factors, the global market is expected to rise at a CAGR of 4.4% during the forecast period from 2024 to 2034.
| Attributes | Key Factors |
|---|---|
| Chemical Peel Market Trends |
|
| Growth Hindrances |
|
| Upcoming Opportunities |
|
In the table below, the CAGRs of the leading countries are given for the review period 2024 to 2034. The United States is expected to remain dominant by exhibiting a CAGR of 4.8%. The United Kingdom and Germany are anticipated to follow with CAGRs of 4.5% and 4.6%, respectively.
| Countries | Value-based CAGR (2034) |
|---|---|
| United States | 4.8% |
| China | 4.2% |
| United Kingdom | 4.5% |
| Japan | 4.0% |
| Germany | 4.6% |
| India | 3.4% |
India is expected to develop at a promising CAGR of 3.4% throughout the projection period. It is anticipated to hold a chemical peel market share of 22.5% in South Asia by 2023. The market for chemical peels is expanding rapidly in India due to factors such as high disposable income, rising beauty consciousness, availability of new procedures and surgeons, a growing number of private clinics, and the surging geriatric population.
Competition can result in product improvements, price tactics, and brand-differentiating marketing initiatives. India’s chemical peel industry is competitive, with several competitors offering a range of peel formulas addressing different skin issues. Consumer education on the advantages and safety of chemical peels is facilitated by skincare experts, beauty influencers, and marketing initiatives.
Workshops, events, and internet material all can help the target audience become more informed. The demand for cosmetic operations, such as chemical peels, can be influenced by several factors, such as economic conditions, consumer purchasing habits, and trends in disposable income.
With a share of 88.2% in North America’s chemical peel market generated in 2023, the United States currently dominates the region. It is anticipated to maintain its growth rate throughout the forecast period.
The United States has historically been a sizable market for aesthetic operations, such as chemical peels. The market has expanded as a result of rising skincare awareness, the desire for aesthetic improvements, and technical developments in cosmetic operations.
Organizations such as the Food and Drug Administration (FDA) are responsible for providing regulatory control over cosmetic treatments, including chemical peels. Several dermatological practices, medical spas, and aesthetic clinics that provide a variety of cosmetic treatments, including chemical peels, can be found across the United States. Customers at these places frequently consult experts in skincare.
The United Kingdom’s chemical peel market is estimated to expand at a CAGR of 4.5% in the evaluation period from 2024 to 2034. Innovations in cosmetic operations are often adopted and driven by the United Kingdom’s market. This covers developments in chemical peel compositions and methods of application.
Increasing consumer knowledge of chemical peels' advantages for revitalizing skin and treating particular skin issues would drive demand. The growing popularity of non-invasive cosmetic procedures, with chemical peel becoming a favorite among face treatment seekers, would also aid sales.
Market participants must adhere to regulatory criteria in order to guarantee the efficacy and safety of their products. With the proliferation of at-home chemical peel solutions, people can now include skincare treatments in their daily routines. Product instructions and educational initiatives would help address safety and correct usage concerns.
China's chemical peel market is poised to exhibit a CAGR of 4.2% during the assessment period. The demand for skincare products and cosmetic procedures such as chemical peels has increased significantly in China. An expanding middle class, rising disposable income, and greater emphasis on skincare & aesthetics are the drivers propelling the market.
Customers in China are prepared to spend money on non-invasive cosmetic procedures for face rejuvenation and are showing an increasing interest in skincare. The use of skincare treatments is expanding as people become more conscious of Western beauty standards.
The industry has expanded as a result of the opening of new medical spas, beauty salons, and aesthetic clinics that provide a variety of cosmetic procedures, including chemical peels. Customers frequently go to these facilities for expert advice and care. Technology breakthroughs in skin care and cosmetic procedures, including improved chemical peel formulas and application methods, have been embraced by China.
Chemical peel demand in Japan is anticipated to rise at a steady CAGR of 4.0% during the forecast period from 2024 to 2034. In Japan, cosmetic operations, including chemical peels, are governed by stringent regulations. To guarantee the efficacy and safety of their products, businesses must abide by all applicable laws.
Consumer tastes in Japan are influenced by cultural elements and beauty standards. It is critical to modify goods and advertising tactics to conform to regional standards of attractiveness.
In Japan, there is a sizable market for at-home skincare goods. Customers often include chemical peels and other skincare treatments in their regimens. Products for skin care are mainly distributed through e-commerce sites in the country.
The demand for cosmetic surgeries in Japan is influenced by several economic variables, such as shifts in consumer spending habits and disposable income. Global beauty trends have an impact on modern consumers, and the country's desire for cosmetic operations frequently indicates conformity to these norms.
The table below signifies leading sub-categories under type, product, and indication categories in the chemical peel market. A superficial peel is expected to dominate the chemical peel market by exhibiting a 4.7% CAGR in the evaluation period. Under the product category, the glycolic peel segment is projected to lead the global chemical peel market at a 4.6% CAGR.
| Category | Forecast CAGR (2024 to 2034) |
|---|---|
| Superficial Peel (Type) | 4.7% |
| Inflammatory Disorders (Indication) | 4.4% |
| Glycolic Peel (Product) | 4.6% |
Superficial peels are expected to witness high growth at a CAGR of 4.7% in the forecast period. It generated a chemical peel market share of about 45.0% in 2023.
For modest skin issues, including uneven skin tone, fine wrinkles, sun damage, and small acne scars, superficial peels are appropriate. They are frequently selected for overall skin renewal and texture enhancement.
Compared to deeper peels, superficial peels can be carried out regularly. People could have superficial peels as part of a regular skincare regimen or every few weeks.
The short recovery period following superficial peels is one of their main benefits. Soon after receiving therapy, most patients are able to return to their regular activities.
The negative effects of superficial peels are typically transient and less severe than those of deeper peels. Skincare specialists can do superficial peels in med spas, cosmetic clinics, or dermatology offices.
For those who would want to include superficial peels in their skincare regimen, there are other products that can be used at home that are made with softer acids. However, it is crucial to pay close attention to the product's directions.
Glycolic peels, in terms of product, held a market share of 40.0% in 2023. The segment is expected to display a gradual growth rate over the forecast period, with a CAGR of 4.6%.
Blackheads, whiteheads, and acne can be effectively removed from the skin with glycolic acid peels. Cystic lesions and acne scars on the skin can be effectively removed by using glycolic acid peels repeatedly and consistently. Owing to the aforementioned benefits, glycolic peels are anticipated to be highly demanded by millennials.
Inflammatory disorders are expected to showcase average growth at a CAGR of 4.4% by the end of the forecast period. It generated a market share of about 45.0% in the global market in 2023.
Inflammatory disorders often result in excessive inflammation, which can cause damage to healthy body tissues as well as chronic discomfort, redness, swelling, and stiffness. Chemical peels can make inflammatory skin conditions worse by exacerbating symptoms such as redness, irritation, and pain. For those suffering from illnesses such as rosacea, the heat produced during the peeling process can exacerbate symptoms and cause flare-ups.
After a chemical peel, those who have previously experienced inflammatory skin conditions can be more susceptible to post-inflammatory hyperpigmentation (PIH). For those who are prone to hyperpigmentation, post-inflammatory hyperpigmentation (PIH)-the darkening of the skin in reaction to inflammation-can be of concern.
Skincare specialists would need to use lower doses of peeling chemicals when customizing chemical peel treatments for those with inflammatory skin problems. Those with sensitive or inflammatory skin types will be able to handle lower-intensity peels more easily.
With a variety of international and local manufacturers, the market is fragmented. Key companies use mergers, acquisitions, and the expansion of their product ranges as marketing methods to gain market share. Manufacturers are focused on improving their revenue generation prospects by investing in building a strong pipeline and subsequent approvals & launches in several regions, which is expected to drive the market.
For instance,
The global chemical peel market is worth USD 2,172.9 million in 2023.
The market is expected to reach USD 3,350.6 million by 2034 at a CAGR of 4.4%.
Increasing awareness of self-grooming and rising disposable income.
North America is set to lead the global chemical peel market.
India is projected to expand at a CAGR of 3.4% in the forecast period.
Germany, the United States, China, the United Kingdom, and Japan.
IMAGE Skincare, Lasermed, Merz Pharma, Allergan, Glytone, and La Roche-Posay.
Germany is set to witness a CAGR of 4.6% through 2034.
Chemical Peel Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
