Acne Treatment Manufacturing OTC in the US - Industry Market Research Report
Description
Acne Treatment Manufacturing OTC in the US
The Acne Treatment Manufacturing OTC industry benefits from fairly stable demand because acne-prone individuals consider them a necessary expense. However, adolescents comprise the industry's largest market. High unemployment levels and low disposable incomes within this shrinking age bracket have caused sales of over-the-counter (OTC) acne treatments to drop. Moreover, the industry has been undercut by less expensive goods produced abroad. Increasingly, manufacturers have sought to locate internationally to take advantage of lower labor costs, causing imports to expand as a share of domestic demand. So, industry-wide revenue has been decreasing at a CAGR of 1.2% over the past five years, including an estimated 1.1% increase in 2023, and is expected to total $413.6 million in 2023. Further, profit is projected to decrease to 19.9% in 2023.
This industry manufactures over-the-counter (i.e., nonprescription) acne treatment and medication. Manufacturers include active ingredients like benzoyl peroxide, salicylic acid, sulfur, resorcinol or a combination of such ingredients and a range of inactive ingredients like emollients and surfactants. OTC acne treatments are mostly topical and are manufactured as gels, moisturizers, lotions, creams, soaps and pads.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
The Acne Treatment Manufacturing OTC industry benefits from fairly stable demand because acne-prone individuals consider them a necessary expense. However, adolescents comprise the industry's largest market. High unemployment levels and low disposable incomes within this shrinking age bracket have caused sales of over-the-counter (OTC) acne treatments to drop. Moreover, the industry has been undercut by less expensive goods produced abroad. Increasingly, manufacturers have sought to locate internationally to take advantage of lower labor costs, causing imports to expand as a share of domestic demand. So, industry-wide revenue has been decreasing at a CAGR of 1.2% over the past five years, including an estimated 1.1% increase in 2023, and is expected to total $413.6 million in 2023. Further, profit is projected to decrease to 19.9% in 2023.
This industry manufactures over-the-counter (i.e., nonprescription) acne treatment and medication. Manufacturers include active ingredients like benzoyl peroxide, salicylic acid, sulfur, resorcinol or a combination of such ingredients and a range of inactive ingredients like emollients and surfactants. OTC acne treatments are mostly topical and are manufactured as gels, moisturizers, lotions, creams, soaps and pads.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
41 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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