New York, USA, June 23, 2021 (GLOBE NEWSWIRE) — According to a newly published report by Research Dive, the global dermacosmetics market is projected to generate $76,839.5 million revenue by 2027, and grow at healthy CAGR of 5.8% over the forecast period (2020 to 2027). As per our analysts, the technological advancements in the dermacosmetics sector to produce personal care products based on user personalization and customization is the significant factor estimated to fuel the growth of the global dermacosmetics market during the analysis period. Besides, innovations such as the adoption of nanotechnology in formulation of personal care products is boosting the overall market growth. However, the side effects and complexities associated with using dermacosmetics products may restrict the market growth in the upcoming years.
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Impact of COVID-19 on the Market
The outbreak of COVID-19 around the world has adversely impacted the global dermacosmetics market. The sharp downfall in the market growth during the pandemic crisis…