Market Size in 2020 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 261 Million | USD 785 Million | 6.7% | 2020 |
The global Probiotic Cosmetic Products market size accrued earnings worth approximately 261 (USD Million) in 2020 and is predicted to gain revenue of about 785 (USD Million) by 2028, is set to record a CAGR of nearly 6.7% over the period from 2021 to 2028.
The report offers an assessment and analysis of the Probiotic Cosmetic Products market on a global and regional level.
The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data.
The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Million).
Probiotic cosmetic items are applied to the skin for reducing acne, eczema, rosacea, psoriasis, and chronic inflammation. In addition to this, these personal care items are beauty products that assist in enhancing the healing effects of the skin.
Moreover, probiotics are defined as living microorganisms that confer a health benefit to the host person when inoculated in adequate proportions. Hence when probiotics are used in cosmetic items & personal care items, they can prove beneficial to the skin.
This has increased the popularity of probiotic cosmetic products in recent years. Customers are willing to pay more for probiotics as ingredients for improving the nourishment of skin along with enhancing physical appearance & looking good and this will drive demand for probiotic cosmetic products.
Escalating awareness about the benefits due to the use of microbiome cosmetic items will proliferate the growth of the probiotic cosmetic products market in the foreseeable future. Premiumization through product development and product portfolio expansion will steer the industry landscape in the foreseeable future. In addition to this, the thriving wellness market is set to impel the demand for probiotic cosmetic items in the near future.
The surge in popularity of natural cosmetics among millennials, youth, and the aging populace will embellish probiotic cosmetic products' market size in the upcoming years. In addition to this, the surging need for beauty products that create value among customers will produce lucrative growth avenues for the probiotic cosmetic products industry over the assessment period.
Moreover, thriving e-commerce businesses and an increase in online retailing activities due to the COVID-19 outbreak will multiply the size of the probiotic cosmetic products market in the upcoming years. With an aim to gain a competitive edge, players are trying to produce cost-efficient products, thereby not only improving product quality & product penetration across the globe but adding significantly to market value.
Report Attributes | Report Details |
---|---|
Report Name | Probiotic Cosmetic Products Market Research Report |
Market Size in 2020 | USD 261 Billion |
Market Forecast in 2028 | USD 785 Billion |
Growth Rate | CAGR of 6.7% |
Number of Pages | 255 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | L’Oreal S.A., Esse Skincare, Unilever, The Clorox Co., Estee Launder Companies, Inc., Tula Life, Inc., Eminence Organic Skincare, Aurelia Skincare Limited, Glowbiotics, Inc., and LaFlore Probiotic Skincare. |
Segments Covered | By Distribution Channel, By Product, By Formulation, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA) |
Base Year | 2020 |
Historical Year | 2018 to 2020 |
Forecast Year | 2021 - 2028 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America To Dominate Overall Market Growth By 2028
The regional market growth over the forecast timeline can be credited to escalating concerns about myriad kinds of skin disorders and acme generating humungous demand for probiotic cosmetic products in the sub-continent over the forecast timeline. Apart from this, new entrants, as well as established manufacturers in the region, are focusing on product innovation to establish a strong position in the market along with enhancing regional expansion. This, in turn, will proliferate the growth of the probiotics cosmetic products market in North America from 2021-2028.
Key players profiled in the study and influencing the market growth are
FrequentlyAsked Questions
Escalating awareness about benefits due to use of microbiome cosmetic items will proliferate growth of probiotic cosmetic products market in foreseeable future. Premiumization through product development and product portfolio expansion will steer industry landscape in foreseeable future.
According to Zion market research report, the global Probiotic Cosmetic Products market Size accrued earnings worth approximately 261(USD Million) in 2020 and is predicted to gain revenue of about 785(USD Million) by 2028, is set to record a CAGR of nearly 6.7% over the period from 2021 to 2028.
North America will contribute lucratively towards the global market size over the estimated timeline.
The key market participants include L’Oreal S.A., Esse Skincare, Unilever, The Clorox Co., Estee Launder Companies, Inc., Tula Life, Inc., Eminence Organic Skincare, Aurelia Skincare Limited, Glowbiotics, Inc., and LaFlore Probiotic Skincare.
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