The report "Pigment Correcting Products Market - Global Industry Trend Analysis 2013 to 2017 and Forecast 2018 - 2026" gives complete assessment of the latest trends, challenges of market.

 

The objectives of this study are as follows:

 

• To define, describe, and forecast the " Pigment Correcting Products" market by type, application, component, delivery model, end user, and region

• To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)

• To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market

• To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders

• To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)

• To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies

 

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Rising Dermatological Disorder due to Frequently Exposure to Sun Light Increases Melanin Concentration in Skin

Pigmentation is a growing concern among young adults nowadays due to frequent exposure of body parts such as the face and hand to sunlight. The pigment melanin protects skin from the harmful UV rays. Increase in melanin production can lead to change in the skin color. Hyperpigmentation and overproduction of melanin are related to exposure of the skin to sun, acne scarring, hormonal changes and nutritional deficiency. Skin pigmentation refers to the skin disorder that causes either darkening or lightening of skin compared to existing skin color. The most common pigmentation disorders are melasma, vitiligo, albinism and post-inflammatory hyperpigmentation. These pigmentation-related diseases cause the skin to become dark in patches. In 2016, 5-6 million women of U.S. were affected by melisma. It is estimated that 60% of pregnant women in U.S. are affected by melisma, whereas 80% in Mexico. Young people are very concerned about skin-related diseases owing to which they prefer pigment correcting products. Topical antioxidants products are the most preferred remedies for pigment correction. The antioxidants such as vitamin A & C are used on daily basis to protect and rebuild the cells of the skin. Daily use of SPF moisturizer or sunscreen on is the best method to keep skin fit and prevent from the dark spots and patchy skin-tone. Some of the most effective elements to fight pigmentation and congested skin are chamomile extract, salicylic acid and glycolic acid.

Increasing Demand for Natural Pigment Correction Products

Consumers are shifting towards natural pigment correcting products which have natural ingredients and does not harm the skin in any manner. Meladerm, Amaira Natural Skincare, Demolish H-age Spots Formula, Illuminatural 6i, ZetaWhite, SkinBright, Murad Rapid age spot and Pigment Lightening Serum are the natural pigment correcting products made from natural ingredients. In 2017, 67 percent of the U.S. customers aged between 18 and 29 years reported that they prefer to use natural and organic skin care products. Most of the skin care products manufacturers are focusing on to meet the new demand for safe, and harmless pigment correcting products. According to the Nutrition Business Journal, organic beauty accounts for more than one-third of the US$ 9.6 billion natural and biological personal care business. The use of natural pigment correcting products is growing faster than the chemical products in the overall market.

Factors Driving the Pigment Correcting Products Market

Growing pigmentation problems and disorders such as melasma, vitiligo, albinism and post-inflammatory hyperpigmentation due to sun exposure and hormonal changes in pregnancy are the major factors boosting the demand for pigment correcting products. Upgraded lifestyle coupled with elevating demand for skin care products is anticipated to drive the growth of the global pigment correcting products market. Increasing disposable income, global warming & exposure to harmful U.V. rays in the environment are some factors which also fuel the demand for pigment correcting products. Research & development in skin care products and increasing demand for natural and organic skincare product are driving the growth of the pigment correcting products market. However, high cost associated with skin care products will restrain the growth of the global pigment correcting products market.

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Pigment Correcting Products Market Assessment by Distribution Channel

Increase Usage of Topical Products

The consumers are shifting towards easy to use OTC and topical products. The most important aspect of any good skin care product is the use of skin care products in home care routine. Topical creams, gels, and serums are mostly used on the daily basis for skin care. Treating pigment-related diseases with topical ingredient is the vital part of an overall treatment plan. Hydroquinone, tretinoin cream (Retin-A), glycolic acid, kojic acid and dimethyl ethoxy chromanyl palmitate are the major ingredients in topical skin care products.

Regional Market Outlook

North America leads the pigment correcting products market due to moderate lifestyle, new product launches, shift towards natural products and awareness related skin disorders and effects. Europe is expected to be the second leading market for pigment correcting products due to increasing research & development activities for pigment correcting products. Asia Pacific is also expected to grow at higher rate owing to changing lifestyle, promotional activities through social media and internet. Factors such increase development of organic and natural pigment correcting products and rising usage of the natural product will drive the growth of China pigment correcting products market over the forecast period.

Competition Outlook

Examples of some of the players identified in the global pigment correcting products market are Johnson & Johnson, ESTEE LAUDER COMPANIES Inc., Unilever PLC, Avon Products Inc., L’Oral S.A., Kao Corporation, Colagate Palmolive Company, Shiseido Company, Beiersdorf AG and Procter & Gamble and Allergan plc. Other small players in the global pigment correcting products market are ECS Nutrition, Inc., Little Barn Apothecary Co., Kosmatology, LLC.., OLIO E OSSO, TAHNYC, Birchrose + Co, Rachel's Plan Bee and Supaskin.

Key Data Points Covered in Report

The report covers exhaustive analysis on:

• Pigment Correcting Products Market by product type, end user and region

• Regional level market analysis of North America, Latin America, Europe, Asia Pacific Excluding China, Middle East & Africa by product type, end use segments and country

• Pigment Correcting Products Market Dynamics & Opportunity Assessment

• Historical actual market size, 2013 - 2017

• Pigment correcting products market size & forecast 2018 - 2026

• Pigment correcting products market current trends/issues/challenges

• Competition & companies involved

Report Highlights:

• Shifting industry dynamics

• In-depth market segmentation

• Historical, current and projected industry size Recent industry trends

• Key competition landscape, market structure, regulatory scenario

• Epidemiology outlook for diseases

• Economical spending, regional healthcare outlook, consumer healthcare expenditure

• Availability of skin care product, cost of products, specificity of products

• Strategies for key players and product offerings, channel strategies, regional foot print, channel footprint

• Potential and niche segments/regions exhibiting promising growth

• A neutral perspective towards market performance in terms of value and volume

Market Segmentation

By Product Type

• Creams

• Gels

• Serum

• Peels and Supplements

By Distribution Channel

• Hospitals Pharmacies

• Drug Stores

• Online Pharmacies

• Supermarket And Beauty Stores

• Others

By Region

• North America

• Latin America

• Europe

• Asia Pacific Excluding China

• China

• Middle East & Africa

Research Methodology

Bottom-up approach is always used to obtain insightful data for the specific country/regions. The country specific data is again analyzed to derive data at a global level. This methodology ensures high quality and accuracy of information.

Secondary research is used at the initial phase to identify the age-specific disease epidemiology, diagnosis rate and treatment pattern, as per disease indications. Each piece of information is eventually analyzed during the entire research project, which builds a strong base for the primary research information.

Primary research participants include demand-side users such as key opinion leaders, physicians, surgeons, nursing managers, clinical specialists who provide valuable insights on trends and clinical application of the drugs, key treatment patterns, adoption rate, and compliance rate.

Quantitative and qualitative assessment of basic factors driving demand, economic factors/cycles and growth rates and strategies utilized by key players in the market is analyzed in detail while forecasting, in order to project Year-on-Year growth rates. These Y-o-Y growth projections are checked and aligned as per industry/product lifecycle and further utilized to develop market numbers at a holistic level.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

• Tailwinds and headwinds molding the market’s trajectory

• Market segments based on products, technology, and applications

• Prospects of each segment

• Overall current and possible future size of the market

• Growth pace of the market

• Competitive landscape and key players’ strategies

The main aim of the report is to:

• Enable key stakeholder’s in the market bet right on it

• Understand the opportunities and pitfalls awaiting them

• Assess the overall growth scope in the near term

• Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.

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