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New reports on anti-acne and lip care

Grand View Research (GVR) has published two new reports on the global anti-acne cosmetics and lip care products markets.

The anti-acne cosmetics market size is expected to reach $6.89 billion by 2028 registering a CAGR of 9.1%. Acne affects some 50 million individuals every year in the US, 85% of them between the ages of 12 and 24, and carries a heavy psychological burden, particularly for women.

The creams and lotions segment dominated the market in 2020 as cream is the first line of therapy for all types of acne and also provides skin moisturisation. However, other types are expected to register the fastest CAGR over the forecast period due to their lightness on the skin and greater compatibility with various skin types.

The lip care products market is expected to grow at a CAGR of 5.9% in the years to 2028, to reach a total of $3.1 billion. Demand is seeing rapid growth owing to the growing concerns over personal grooming and appearance. There is also increased adoption of vegan and organic lip care products by beauty and health-conscious consumers.

The largest part of the market is lip balms and it is expected to maintain its dominance over the forecast period. The growing availability of lip balms with various fragrances, flavours, plant-based ingredients, sizes and shapes, are boosting the market growth, GVR says.

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Upcoming Events

SCSS Suppliers Day - SINGAPORE

SINGAPORE MARRIOTT TANG PLAZA HOTEL
Thursday 25th & Friday 26th August 2022

32nd IFSCC Congress

Park Plaza Hotel, Westminster
19-22 September 2022

in-cosmetics Latin America 2022

Expo Center Norte, Sao Paulo
21 - 22 September

Cosmetorium 2022

Palau de Congressos de Barcelona
28 - 29 September

SEPAWA 2022

Estrel Congress Center, Berlin
26 - 28 October

in-cosmetics Asia 2022

BITEC Bangkok, Thailand
1 - 3 November 2022

Access the latest issue of Personal Care Global on your mobile device together with an archive of back issues.

Download the FREE Personal Care Global app from your device's App store

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