global Probiotic Cosmetic Products market size is expected to be worth around US$ 418.3 million by 2028, according to a new report by Vision Research Reports.
The global Probiotic Cosmetic Products market size was valued at US$ 252.6 million in 2020 and is anticipated to grow at a CAGR of 6.8% during forecast period 2021 to 2028.
Growing awareness regarding the importance of maintaining a daily skincare routine is among the key factors driving the market. Rising awareness about microbiome-based cosmetics to cure skin-related issues, such as acne, scars, skin cancer, and bad bacteria, is also projected to boost market growth. Product launches in probiotic cosmetic products by key players, and guidance by industry experts bode well with the market demand.
According to Google reports 2019, approximately 1.9 billion people suffered from skin-related issues that year due to lack of proper skincare and dermatologist’s guidance. The demand for probiotic cosmetic products is increasing among millennials to avoid the signs of aging. Companies have been launching new products to gain a higher market share. For instance, in March 2019, Laboratoire Synbionyme- a probiotic skincare brand debuted its product offering in the U.S. for the first time. The brand offers a formulation consisting of prebiotic and probiotic extracts providing good dermal health.
The product range consists of Universal Serum, Radiance Moisturizing Gel-Cream, 24-Hour Moisturizing Cream, Enzymatic Clarifying Lotion, and Progena Lift Cream. However, due to the Covid19 pandemic, the market witnessed sluggish growth. Probiotic skincare brands have been focusing on supply-side and engagement on e-commerce platforms. Customer discount programs, such as special at-home skincare kits and membership plans, have been prominent factors to build user engagement on the company websites and other e-commerce platforms amid the pandemic. Hypermarket & supermarket distribution channels dominated the market in 2019.
The skin care segment led the market and accounted for more than 90% share of the global revenue in 2020. Probiotics used as a relief ingredient against skin problems, such as acne, blemishes, wrinkles, and others, is the key factor driving the segment growth. Growing awareness regarding the clinically tested products and the efficacy of probiotics cosmetics adds to the segment growth. In addition, rising demand for products that will have minimal to no side effects is estimated to boost product demand in the segment.
Manufacturers have been expanding their product portfolio and bringing probiotics to the main counter shelves. For instance, in November 2020, a new startup focusing on skin microbiome launched its first beauty and cosmetics range, Naked Papaya Gentle Enzyme Face Cleanser, Supermello Hydrating Gel-Cream Moisturizer, Pimple Potion Retinal + Salicylic Acne Treatment, and the turmeric-spiked Self Reflect Probiotic Moisturizing Sunscreen. These products contain Kinbiome, a plant-based pre-probiotic, which is derived from the fermentation of lactobacillus.
Hypermarket & supermarket dominated the market and accounted for over 39% share of global revenue in 2020. Brick and mortar stores including hypermarkets and supermarkets have been considering providing more shelf space to probiotic cosmetic products, which is driving the segment growth. Many big retailers, such as Sephora and Ulta Beauty, have been contributing to generating offline experience for customers. Sephora has a separate category for cosmetic range featuring probiotics and other supplements.
E-commerce is expected to be the fastest-growing distribution channel segment over the forecast period. The rising popularity of e-commerce channels is likely to lead to considerable growth prospects for the market. Factors, such as wider distribution network, increase in internet penetration, availability of a wide range of products, and low operating expenses, have been enticing both established and new companies to rely on this distribution channel. Online channels, such as Amazon.com, Sephora.com, Nykaa, and skinstore.com, are some of the major e-retailers of probiotic cosmetic products across the globe.
North America region dominated the market in 2020 and accounted for over 34% of the global revenue share. Growing concerns regarding acne and various skin diseases are driving the probiotics cosmetics demand in the region. Prospective manufacturers have been focusing on product innovation to secure a foothold in the market. For instance, in April 2020, Estee Lauder launched Futurist Hydra Rescue Moisturizing Makeup SPF45 infused with Ion Charged Water, plus probiotic technology and chia-seed extract helping in skin hydration and natural glow.
Estee Lauder Companies, Inc.
Aurelia Skincare Ltd.
Tula Life, Inc.
Eminence Organic Skincare
LaFlore Probiotic Skincare
The Clorox Co.
Distribution Channel Outlook
Hypermarket & Supermarket
Pharmacy & Drug Store
Central & South America
Middle East & Africa (MEA)
The Probiotic Cosmetic Products market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Probiotic Cosmetic Products market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Probiotic Cosmetic Products market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Probiotic Cosmetic Products market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Probiotic Cosmetic Products market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Probiotic Cosmetic Products capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Probiotic Cosmetic Products by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Probiotic Cosmetic Products market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Probiotic Cosmetic Products market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Probiotic Cosmetic Products market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Probiotic Cosmetic Products industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Probiotic Cosmetic Products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Probiotic Cosmetic Products market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Probiotic Cosmetic Products market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Probiotic Cosmetic Products market. These factors have benefited the growth of the global market for Probiotic Cosmetic Products. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Probiotic Cosmetic Products. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Probiotic Cosmetic Products are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are: