Straits Research released its highly anticipated report, “Global Hyperpigmentation Treatment Market Size & Outlook, 2026-2034.” According to the study, the global market size is valued at USD 1.46 billion in 2025 and is projected to expand to USD 2.55 billion by 2034, registering a compound annual growth rate (CAGR) of 6.45%.
The market growth is primarily attributed to the rising prevalence of pigmentation disorders, advancements in laser and light-based therapies, as well as the introduction of topical formulations with natural as well as biotech-derived actives. In addition, technology innovations in lasers as well as energy-based devices have elevated the precision, safety, and accessibility of hyperpigmentation treatments, which further enhances the market growth. For example, in 2024, as per the Candela Corporation, the company introduced the PicoWay Resolve Fusion, which is a new laser device offering enhanced precision in pigmentation treatment. Such innovations are a major growth factor for clinics, healthcare providers, and the broader aesthetic dermatology industry. Moreover, the transition towards gentle, clean, or often plant-based or biotech-derived solutions in skin care presents as a significant market opportunity as these ingredients are safer, more inclusive, and often align with the demand for sustainable and natural beauty. For example, in March 2024, Givaudan Active Beauty launched Illuminyl 38, a biotech-enhanced molecule designed via cell-free glycosylation that addresses all the challenges of skin pigmentation for all skin types. Such a factor opens new avenues for brands to meet the evolving consumer values as well as regulatory trends.