The global probiotic skincare cosmetic product market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The rise in the prevalence of mild skin conditions such as acne, black spots, scars, and more are anticipated to drive the growth of the probiotic skincare cosmetic product market. For instance, according to the data published by National Center for Biotechnology Information (NCBI) in 2020, acne is the most prevalent disease with a prevalence of 9.4% globally. Moreover, a cross-sectional study was designed, where the data was collected from 484 residents of Hail city. The study revealed that 65.0% of respondents were suffering from mild to moderate acne and 81% of respondents had acne on the whole face. Thus, by simple cost effective life modification, its occurrence and the late consequence could be minimized. Thus, the use of probiotic skincare cosmetic products is anticipated to minimize mild skin conditions such as acne, scars, and others, which in turn will fuel the demand for the global probiotic skincare cosmetic product market.
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The growing cosmetic industry owing to the increasing sales coupled with the rise in cosmetic enterprises is anticipated to drive the growth of the market. For instance, according to the State Administration of Market Regulation (SAMR), in 2020, there were 2.77 million registered cosmetics-related enterprises up from 12.0% of the 2.47 million enterprises registered in China in 2019. Among these, 74.0% consisted of small enterprises and 1.0% were large enterprises. Moreover, according to the National Beuarue of Statistics, the sale of cosmetics in November 2020 and March 2021 accounted for 32.3% and 42.5% respectively. Further, according to the mainland research report on strategic investment planning in China’s cosmetic sector, the online sales channels accounted for 38.0% of total cosmetic sales. Thus, the growing cosmetic industry is anticipated to drive the demand for the Probiotic Skin Care Cosmetic Product market during the forecast period (2022-2028).
Looking toward the demand for probiotic skincare cosmetic products, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in September 2021, Lac2Biome launched its white label skincare product, InfiniteSkin Microbiome Serum. The InfiniteSkin Microbiome Serum is made from a blend of hyaluronic acid and lives probiotic strains. According to the company, the formulation delivered a minimum of eight billion CFUs (colony forming units) to the skin and maintained its potency, remaining stable at room temperature. Thus, such launches are anticipated to drive the growth of the global probiotic skincare cosmetic product market.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By End-User
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Unilever PLC, ESSE Skincare and Glowniotics Inc among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Probiotic Skin Care Cosmetic Product Market Report by Segment
By Type
- Skin Care
- Hair Care
- Others
By End-User
- Male
- Female
By Distribution Channel
- Supermarkets & Hypermarkets
- Convenience Stores
- Online
- Others
A full report of Global Probiotic Skin Care Cosmetic Product Market is available at: https://orionmarketreports.com/global-probiotic-skin-care-cosmetic-product-market/112208/
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