Chemical Peel Market Size, Share & Trend Analysis, By Application Type, By Type, By Product, By End User, Regional Stance, Competitive Tactics, and Segment Forecast to 2030 

Chemical Peels Market Overview:

Key Stats:

• In 2021, global chemical peel market was valued at US$ 2,608.4 Mn and expected to grow significantly at a CAGR of 5.3% over the forecast period.

• In 2021, Asia Pacific region is estimated to account for the prominent market share in comparison to other regions.

The Reports and Insights team has drafted a market research report on the worldwide market for chemical peels with the objective of identifying the primary market drivers, market trends, challenges, and opportunities that business owners encounter. The report includes the market segmentation forecast, geographic perspective, and recent market developments for the chemical peels market. Additionally, it provides extensive information on market size, market share, industry and product insights, SWOT analysis, Porter's five forces analysis, PESTEL analysis, heat map analysis, market forecast, and prominent market players for the chemical peel market.

Also known as derma peeling or chemexfoliation, a chemical peel uses a chemical solution to improve the appearance of the skin. Chemical peels help reduce or eliminate wrinkles, fine lines, scars, acne, blemishes, and other skin imperfections. In this treatment, a chemical solution is applied to the skin, which causes injury or trauma to dead skin layers and eventually leads to peel-off, thus revealing fresh new youthful skin. The most common areas of application are the face, neck, and hands.

Owing to increasing awareness among consumers towards beauty and aesthetics, enhancement in the dermatological and other healthcare centers, rising awareness towards sun- damage to the skin and other chronic skin diseases, and increasing demand for non-invasive skin treatment procedures over conventional riskier procedures, are all crucial factors behind the increased market growth for global chemical peels.

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Scope of the Report:

Market Dynamics

Market Trends:

“Growing trend for removing of the facial and skin scars, wrinkles to make face or skin smooth are also fueling the market growth outlook”

Chemical peels are employed to improve the appearance of the skin on the hands, neck, and face. Chemical peels come in a variety of forms, each of which uses different chemicals and necessitates a different period of recovery. One of the most popular non-invasive restoration treatments utilized worldwide is chemical peeling.

Reduced recovery time and post-operative complications are benefits of minimally invasive procedures for skin rejuvenation, chemotherapy exfoliation, and other procedures. These elements encourage the growth of the chemical peel market.

As the population ages and the number of people with photo damaged skin rises, so does the need for chemical peels. Improvement in the healthcare infrastructure and easy availability of various types of treatment are propelling the demand. This had led to a trend of removal of facial and skin scars, wrinkles, aging skins, discoloring for good look and making skin look smooth to remain key growth driver for the market over the forecast period.

“Increasing Demand for Non-Invasive Cosmetic Solution to fight Ageing”

Due to a rapidly increasing demand from consumers for anti-aging products to prevent the visible signs of skin aging, the demand for the global market for chemical peels has spiked in recent years, owing to their exfoliation process via chemicals which helps remove the superficial layer of skin, leaving a new fresh layer underneath.

Market Restraints:

“Post Inflammatory Hyperpigmentation”

Chemical peels are effective for all skin types. However, people with dark skin tones might experience a high risk of skin darkening after the treatment. This condition is known as post-inflammatory hyperpigmentation. Therefore, it is challenging for the chemical peel market to flourish in regions with a population of dark skin tones.

Market Opportunities:

“Development of New Light/Superficial Peels”

Chemical peels are the third most popular minimally invasive cosmetic procedure in America. Owing to extensive R&D activities, manufacturers have introduced, new superficial peels to help protect the skin from wrinkles, blemishes, and skin-aging issues. These are designed for quick, affordable, and minimally invasive actions over botox and traditional facelifts. Hence, these are widely accepted across every part of the globe and are likely to create robust opportunities for the global market of chemical peels in near future.

Market Segmentation

The chemical peel market is segmented based on the following criteria: 

By Type:

• Lunchtime/Superficial Peel
• Medium Peel
• Deep Peel

By Product:

• Glycolic Acid
• Salicylic Acid
• Lactic Acid
• Pyruvic Acid
• Jessner's Peel
• Resorcinol
• Salicylic Acid
• Trichloroacetic Acid
• Others

By Application

• Fine Lines
• Acne
• Mild Scarring
• Aging skin
• Actinic Keratosis
• Hyperpigmentation
• Scaly Patches
• Rough Skin
• Wrinkles
• Melasma
• Others

By End-use:

• Hospitals
• Cosmetic Specialty Clinics
• Skin Clinics

By Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East
• Africa

Chemical Peel Market Regional Outlook

North America held the maximum share of the chemical peel market owing to increased early skin-aging issues, increased number of skin infections per year, and other skin-related issues such as melasma, acne, and hyperpigmentation. Therefore, it is projected to enhance the market for these peels in the upcoming years.

Asia Pacific region is expected to see considerable growth in the forecast period because of its increased consumer preferences towards smooth and flawless skin. Also, aging has become a big problem in countries like India, Japan, Korea, and China, which is leading to the innovation and manufacturing of aging products like chemical peels owing to their quick and cost-effective applications. And, it is likely to expand the market significantly in the predicted period.

Recent Developments by Key Players:

• In August 2021, LABthetics launched two new chemical peels to its portfolio, Salicylic Acid 10% & Jessner (a blend of lactic+kojic+glycolic acids). Salicylic Acid 10% is designed to treat acne, control sebaceous release, lessen pore size, even skin tone, and help treating scars.

• In March 2020, SkinCeuticals, launched its breakthrough 15% TCA (trichloroacetic acid) Peel. Being self-neutralizing, TCA Peel has an unbuffered TCA+glycolic acid formula that denatures and dissolves epidermal proteins, removing dead and dry skin cells. Jessner peel helps remove the superficial skin’s layer, dry out active acne, scarring, and hyperpigmentation, dry out active acne, and improvise sun-damaged skin.

• In February 2020, Two of PCA SKIN's best-known chemical peels have undergone revisions, and a brand-new medium-depth peel was created exclusively for medical use. With the latest advances in stability, administration, and chemical mixes, these peels offer increased efficacy for remarkable patient results.

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