The chemical peel market size is estimated to be USD 1,912.7 million in 2022 and is expected to witness a CAGR of 5.87% during the forecast period 2023-2033. Increase in aesthetics and skin care awareness around the world, rise in popularity of non-invasive and minimally invasive aesthetic procedures including chemical peel, and escalation in the number of cutting-edge medical procedures are some of the factors contributing to the market growth. Additionally, surge in medical tourism and developed infrastructure of dermatology and other aesthetic clinics is expected to support the market growth. However, lack of specialists to perform chemical peeling treatments and the development of new techniques including laser technology in developing nations is expected to hinder the growth.

Increase in aesthetics and skin care awareness around the world is expected to fuel the market growth during the projected period. In general, women in any region experience more acne, pigmentation, and wrinkle problems than males, making up a large portion of their customers. Men typically have more severe skin outbreaks than women, however women also experience these problems frequently. One of the world’s biggest markets for chemical peel operations is the United States. 1,387,607 treatments were carried out for chemical peels alone in the U.S., according to a 2019 report from the American Society of Plastic Surgeons.

Rise in popularity of non-invasive and minimally invasive aesthetic procedures including chemical peel is predicted to spur the market growth during the projected period. Chemical peels are among the most popular non-invasive restoration methods used worldwide. A shorter recovery period and a lesser chance of post-operative issues are benefits of minimally invasive treatments for skin rejuvenation, chemotherapy exfoliation, and other procedures. These elements are in favour of the chemical peel market’s expansion.

Segmentation

By Type

The market is categorized into deep or phenol peel, superficial or light peel, medium peel. In the global market, the superficial or light peel segment accounted for the largest revenue share in 2022 owing to the fact that it can be used as part of a monthly skincare routine as it doesn’t contain a lot of chemicals. It improves skin tone, age spots, and fine wrinkles. It is a great solution for persons with back and chest acne and is safe to use anywhere on the body, face, or neck. One of the mildest peels that aid in removing the epidermis’s outer layer is the superficial chemical peel. The medium peel segment is anticipated to register a significant CAGR over the forecast period. Deeper wrinkles, acne scars, uneven skin, and scarring are all treated with a medium chemical peel. The epidermis (outer layer of skin) and dermis are both removed (upper part of the middle layer of skin). To make skin look better, it chemically resurfaces it.

By Product

The market is divided into fruit peel, lactic peel, pigment balancing peel, salicylic acid peel, vitalize peel, and trichloroacetic acid peel. In 2022, the fruit peel segment accounted for the highest revenue share due to fact that scars, acne, fine wrinkles, hyperpigmentation, melasma, and sunspots can all be treated with it. Fruit Peel is an alpha hydroxy acid that is obtained from fruits, sugar cane, and sugar beets. It is a light peel used to treat skin issues including ageing. The lactic peel segment is anticipated to register a CAGR over the projection period. Lactic peel is used to treat pigmentation and wrinkles. It comes from milk and is a member of the group of anti-aging compounds known as alpha-hydroxy acids (AHAs), which assist to even out skin tone and decrease the visibility of pores. It is typically used to treat age spots, hyperpigmentation, and other conditions that cause the skin to look dull and unevenly toned.

By Application

The market is segregated into wrinkles, acne spots, hyperpigmentation, skin brightening, fine lines, dark circles, scars, others. In the global market, the acne spots segment accounted for the largest revenue share in 2022 owing to leading an unhealthy lifestyle, increased stress, having sleep problems, etc. Acne occurs in a variety of forms, including acne vulgaris, moderate acne, acne mechanica, papules, pustules, nodules, and cysts. Acne is the most prevalent problem among adolescents and young adults, and individuals are increasingly more self-conscious about their appearance, it can occasionally cause low self-confidence or self-esteem. The dark circle segment is anticipated to experience a substantial CAGR over the forecast period. In cases of severe exhaustion, oversleeping, genetics, or staying up later than usual, dark circles under the eyes may appear. As we age, the skin loses collagen, becoming thinner and more translucent, making them more visible and permanent.

By End Use

The market is segmented into dermatology clinics, hospitals, med spa, and others. In 2022, the dermatology clinics segment accounted for the largest revenue share owing to the fact that cosmetic surgeons typically perform the chemical peel technique in dermatology clinics. The med spa segment is anticipated to grow at a CAGR over the projection period. They also offer chemical peel services due to the experienced medical experts on duty in clinics and spas. Deep peel procedures are often performed by surgeons in hospitals, whereas moderate peel services including trichloroacetic acid peels, glycolic peels, and phenol peels are available at medical spas. A wide variety of clinics and spas around the world, including VLCC wellness, Soma medical spa, Lake Nona ophthalmology, Synergy MedAesthetics, Alura Aesthetic Clinic, and many others, offer chemical peel services.

Regional Markets

In 2022, North America region accounted for the highest revenue in the chemical peel market and is expected to maintain its dominance during the forecast period. This is attributed to the surge in disposable income, and a greater awareness of one’s own appearance. Acne is the most prevalent skin disorder in North America, followed by hyperpigmentation, melasma, and sun dermatitis. These conditions affect a large percentage of the population. Each year, 50 million people worldwide experience acne. Therefore, a quick, simple, and economical method of curing all these issues is the chemical peel, which is widely used by individuals. Asia Pacific region is anticipated to exhibit a substantial CAGR over the projected period. Companies from all over the world have been launching several cosmetic and personal care products in Asia Pacific, with Japan and South Korea witnessing the most launches. In countries such as Japan, China, and South Korea, where the population is quickly getting older, ageing is a huge problem. As a result, these nations are attracting businesses that make anti-aging products. Additionally, the younger generation in Asia Pacific nations has begun to take timely anti-aging procedures to seem young and bright.

Competitor Insights

Some of the key players operating in the chemical peel market are Sinclair Pharma, IMAGE Skincare, Qufu GuangLong Biochem, SciVision Biotech, Dermalogica, Johnson & Johnson Private Limited, Techderm Biological Products Lasermed, Bausch Health Companies Inc., Revitacare, Renee Rouleau, Proderma Light, L’Oréal, La Roche-Posay, Hangzhou Medytox, and Skin-Peel.

To achieve a competitive edge, these companies are implementing a variety of growth strategies. Strategic partnerships, alliances, and agreements with different businesses and research institutions are seen to be the main strategies used by companies in this sector.

• For instance, For instance, L’ORÉAL signed a contract to acquire Takami, a Japanese skincare company, in December 2020. Similar to this, L’ORÉAL and Verily declared a strategic alliance in January 2020 to promote precision skin health.

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including type, product, application, and end use from 2023 to 2033.

Report Scope:

Segmentation: Chemical Peel Market Report 2022 – 2033

Type (Revenue, USD Million), 2022 – 2033

• Deep or Phenol Peel
• Superficial or Light Peel
• Medium Peel

Product (Revenue, USD Million), 2022 – 2033

• Fruit Peel
• Lactic Peel
• Pigment Balancing Peel
• Salicylic Acid Peel
• Vitalize Peel
• Trichloroacetic acid Peel

Application (Revenue, USD Million), 2022 – 2033

• Wrinkles
• Acne Spots
• Hyperpigmentation
• Skin Brightening
• Fine Lines
• Dark Circles
• Scars
• Others

End Use (Revenue, USD Million), 2022 – 2033

• Dermatology Clinics
• Hospitals
• Med Spa
• Others

By Region (Revenue, USD Million), 2022 – 2033

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Rest of MEA