Probiotic Cosmetics Market Demonstrates High Growth, to be moderately Impacted in Short Term Owing to COVID-19
The rising awareness for microbiome cosmetic products has augmented the growth of the probiotic cosmetics products in the market. In 2020, where many industries have been facing the impact of COVID-19, some impact is anticipated on probiotic cosmetic demand as well. Nationwide lockdowns have led to the closure of cosmetic stores, thus disrupting their demand and consequently limiting their supply. However, the market is expected to restore by the end of the third quarter owing to the consumer shift towards natural products.
Internet Retailing to Offer Better Profit Margins
The significant presence of internet retailers has boosted the growth of probiotic cosmetics in every region. Probiotic cosmetic products market is expected to grow at a CAGR of nearly 12% during 2020-2030. Moreover, the inventory holding capacity of the e-commerce giants makes it easy for the probiotic cosmetics producers to increase production. The up-scaling profit margin has motivated market players to sell their products on their websites.
North America and Europe to be the Most Significant market for Probiotic Cosmetic Products
North America accounts for a significant portion of demand for probiotic cosmetics and is expected to grow by nearly 3X during 2020-2030. The United States accounts for nearly nine-tenths of the probiotic cosmetic market in North America in terms of production as well as consumption. The ease in procurement of ingredients with a rising number of suppliers has boosted the production of probiotic cosmetic products in North America.
Key Players in the Market Collaborating With Ingredient Suppliers to Market New and Innovative Products
Key companies have made investments in developing their science on gut-brain axis and are trying to introduce serum and creams with skin microbiota to extend their product portfolio. In order to develop new microbiome products and to make them marketable, companies have been collaborating with ingredient startups. For instance, DSM is working with S-Biomedic, a Belgian life science startup, to develop probiotic active skincare technology to treat acne.
Avail customized purchase options for your needs
Impact of COVID-19 on Probiotic Cosmetic Market
The market for probiotic cosmetics is anticipated to dive for the first two quarters. Nationwide lockdowns have led to shutdowns in retail outlets marketing cosmetic products. Simultaneously, people have maintained social distancing, due to which they have become self-isolated.
This has dipped demand for cosmetic products as consumers are no longer visiting cosmetic stores. However, by the end of the fourth quarter, an upsurge in demand is anticipated. Key manufactures such as Estee Lauder have been contributing significantly to contain the spread of the coronavirus.
The company has donated US$ 2 million to Doctors without Borders to support their continued life-saving work in response to the COVID-19 pandemic. Additionally, the company has augmented its hand sanitizer production for high-need groups and populations.
“Technological advancements such as an introduction of customized cosmetic products and innovation in manufacturing processes is aiding the global probiotic cosmetic products market growth.”
An Adaptive Approach to Modern-day Research Needs
Global Probiotic cosmetics Market: Scope of the Report
The recent global probiotic cosmetics market report by Fact.MR offers a 10-year forecast from 2020 to 2030. The report elaborates on the key drivers, restraints, opportunities and threats to the expansion of the global probiotic cosmetics market. A detailed segmental analysis, based on product type, forms, species, category, demographic, use case, sales channel and regions has been provided in the report.
Regional analysis in terms of supply chain analysis, business execution and market value analysis provides an in-depth perspective about the future scope of the global probiotic cosmetics market. In addition, a separate section on market structure has also been provided. The section provides a detailed analysis of key market players and the strategies for expansion in the probiotic cosmetics market.
Probiotic Cosmetics Products Market: Segmentation
FactMR’s study has done the segmentation of probiotic cosmetics market on the basis of product type, forms, category, demographic, use case, distribution channel and across 5 regions.
- Facial Care products
- Cleanser / makeup remover /Wash
- Creams & Lotions
- Scrubs / peels / masks
- Hair Care products
- Shampoos & gels
- Hair Sprays
- Make-up products
- Body Care products
- Body Lotion
- Hand care
- Sun Care products
- Baby Care
- Fermentation products
- Cell lysates
- Living probiotic bacteria
- Leave-on products
- Rinse-off products
- Professional Services
- Direct Sales
- Department Store
- Internet Retailers
- Specialty Stores
- Drugs & Pharmaceutical Stores
- North America
- Latin America
- East Asia
- South Asia & Oceania
Need an Exclusive Report for your Unique Requirement?
- Related Reports -
- Our Clients -
- Evaluate How Fact.MR's Report Can Help. -
Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.