The global probiotic cosmetic products market size was valued at USD 268.91 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 6.5% during the forecast period.
Probiotics
are live microorganisms that, when administered in adequate amounts, are
capable of giving health benefits to the skin by helping to balance the skin
microbiota, strengthen the skin barrier to promote tissue repair, reduce sensitivity, control
acne and dermatitis, fight the action of free radicals, and prevent premature
aging.
The
microbiome movement is gaining traction around the world as more consumers
become aware how to care for the skin's microbiota. Using probiotic cosmetics
has emerged as one of the best ways to care for the skin microbiome. Experts
are of the opinion that taking care of the skin's microbiota is especially
important at current times due to modern lifestyles with hot baths and poorly
balanced diets. The delicate ecosystem of the skin undergoes constant
aggressions that impair its balance, that leads to drier, inflamed skin. Such
factors are working in favour for the growth of probiotic cosmetics market.
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Market
Overview:
Consumer
goods are finished things that are consumed by consumers rather than being used
to create new products by manufacturers. Fast moving consumer goods is one of
the most dependable segments because it delivers stuff that consumers use every
day. This category contains low-cost items in a variety of shapes and sizes.
Convenience items, shopping products, specialty products, and unsought items
are the four primary categories of consumer products. These items are now
available for purchase both online and in person. Fast-moving consumer goods
are shipped all over the world to meet the growing demand of the world's population.
In terms of consistent revenue growth, it is one of the most powerful sectors.
It sells things that clients purchase directly from the company.
Probiotic
cosmetic products can help reduce acne, eczema, rosacea, and chronic inflammation. Increasing
awareness about probiotic as a beneficial element and concerns related to skin
problems, such as damaged skin, acne, breakouts, eczema, and psoriasis, are key
factor driving the market growth.
One
of the restrains for the market is expected to be the high price of probiotic
cosmetic products. The Coronavirus pandemic also played a considerable role in
the probiotic cosmetic products industry. Though there was a dramatic decline
in revenue due to shop closures and stay-home policies, skincare routine became
massively popular as people had more time to indulge in such routines. Though
there was a decline in makeup usage, consumers made newer discoveries regarding
skincare and experimented with such products as probiotic cosmetics.
Though a decline in economy due to the pandemic does not bode well for
the beauty industry, its effects are expected to be temporary.
Some
of the key players operating in the global probiotic cosmetic products market
are: Esse Skincare, Estee Lauder Companies, Inc., Aurelia Skincare Ltd.,
L’oreal S.A., Tula Life, Inc., Eminence Organic Skincare, Unilever, LaFlore
Probiotic Skincare, Glowbiotics, Inc., The Clorox Co. among others.
Segments
Covered in the Report
For the purpose of this study, Reports and Data has segmented the global
probiotic cosmetic products market report on the basis of product, distribution
channel, and region:
Product
outlook (Revenue, USD Million, 2018 - 2028)
- Skin care
- Hair care
Distribution
Channel Outlook (Revenue, USD Million, 2018 - 2028)
- Hypermarket & Supermarket
- Pharmacy & Drug Store
- E-commerce
- Others
Regional
Outlook (Revenue, USD Million, 2018 - 2028)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa (MEA)
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Key
Highlights from the Report:
In
April 2020, Estee Lauder launched Futurist Hydra Rescue Moisturizing Makeup
that is infused with Ion Charged Water, as well as probiotics and chia-seed
extract which help the skin to stay hydrated.
The
skin care segment led the market and accounted for more than 90% share of the
global revenue in 2019. Probiotics used as a relief ingredient against skin
problems, such as acne, blemishes, wrinkles, and others, is the key factor
driving the segment growth.
E-commerce
distribution channel segment is however expected to gain considerable traction
as e-commerce channels are known for providing considerable discounts on
cosmetic products. Additionally, many consumers make the choice of buying
products from online stores once they come to trust the product.
The
region of North America dominated the market in 2019 and accounted for over 34%
of the global share of sales. The demand for probiotic cosmetics in the area is
driven by increasing concerns about acne and various skin diseases. To gain a
foothold in the industry, prospective manufacturers have concentrated on
product innovation
During
the forecast period, Asia Pacific is projected to be the fastest-growing
regional market. The regional market is expected to be guided by factors such
as growing consciousness about following safe skin habits, product
developments, and the need for a long-term solution to skin problems.
Key
insights presented in the report:
·
Market revenue
shares by major business players, by type, application, and market scope of
global Probiotic Cosmetic Products market
·
Sales revenue by
key players and new entrants
·
Competitive
analysis of key players, including company overview, product or services
specification, vendors, and buyers.
·
Recent mergers,
acquisitions, product launches, recent investments, and joint ventures
·
Regional analysis
to provide insight into recent trends and opportunities.
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