Probiotic Cosmetic Products Market
The Probiotic Cosmetic Products Market was estimated at USD 252 million in 2019 and is predicted to grow at a robust CAGR of 6.5% during the forecast period (2020-2027).
The factors driving the growth of Cosmetic Products Market includes increasing concerns about skin problems such as acne, rosacea flares and psoriasis, growing demand for multi-functional beauty products and rising consciousness about the harmful effects of chemicals and synthetic products. As per the report published by National Center for Biotechnology Information (NCBI), around 81-95% of young men and 79-82% of young women are experiencing acne related skin problem, which is expected to boost the demand for probiotic skin care products in the approaching years. Moreover, the increasing investments and mergers & acquisition by the leading players to expand their footprint in the skincare division and rising sales of probiotic cosmetic products through e-commerce platforms, are some of the additional factors supplementing the Global Probiotic Cosmetic Products Market. According to Similar Web, the Beauty & Personal care segment of Amazon witnessed a magnificent growth around 159% (YoY) in 2020.
The prominent players operating in the market are LaFlore Probiotic Skincare, BioMilk Probiotic Skincare, Esse Skincare, Unilever, Loreal SA, Lauder Inc, TULA Life, Inc., Eminence Organic Skin Care, Aurelia Skincare Ltd and Columbia SkinCare, among others.
Product Type: Segment Analysis
According to Probiotic Cosmetic Products Market Forecast, the hair care segment is anticipated to capture sizeable market share over the forecast period. The growing demand for hair oils, serums and dyes and increasing hair loss problems amongst millennials due to stress and unhealthy eating habits, have propelled the growth of the segment.
Based on distribution channel, the online retail segment is predicted to grow at a significant CAGR during the forecast period attributed to rise in the number of smart phone users, rising internet penetration and increase in the online purchases of probiotic cosmetic products.
As per the Global Probiotic Cosmetic Products Market Report, the supermarkets/hypermarkets segment is anticipated to capture the largest share in the market because it provides wide range of probiotic cometic products from different companies.
Regional: Segment Analysis
Based on region, the North American region is estimated to grow at a faster CAGR over the forecast period attributed to, increasing consumers inclination to adopt healthy lifestyles, growing demand for environment friendly products and rising consciousness about the negative effects of synthetic products.
Global Probiotic Cosmetic Products Market by Product Type
- Skin Care
- Hair Care
- Other Product Types
Global Probiotic Cosmetic Products Market by Distribution Channel
- Specialty Stores
- Convenience Stores
- Online Retail
- Other Distribution Channels
Global Probiotic Cosmetic Products Market by Region
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
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