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The Latin America, Middle East and Africa Probiotic Cosmetic Products Market would witness market growth of 11.8% CAGR during the forecast period (2020-2026). The probiotics as a main functional ingredient are gaining traction as it is very effective against several skin problems such as wrinkle, acne, and blemishes, is expected to boost the market growth during the forecast period.
The popularity of skin treatments and wellness programs has increased in the recent years which are expected to drive the demand for probiotic cosmetic products in the upcoming years. Increasing awareness about microbiome cosmetic products, adoption of new technology, & the increasing disposable income are the key factors that are expected to propel the growth of the market.
Additionally, the demand for natural cosmetics is high among different consumer groups, especially millennials, & the demand is further encouraged by increasing awareness about the clinical evidence and efficiency of these products, which are anticipated to contribute to the growth of the market. In addition to it, factors like increasing concerns about personal appearance, hair, skin, health, and wellness along with demand for Multi-functional beauty products that allow consumers to get maximum benefits by spending only on a single product are the key trends boosting the probiotic cosmetic products market over the forecast period.
The demand for specialized solutions that include probiotic hair care products has been increased due to the rising concerns about hair care. Both younger & dynamic population are inclined towards buying such products. Moreover, older generation also prefer products such as hair growth oils, hair dyes, and serums due to different hair and scalp related issues.
Based on Distribution Channel, the market is segmented into Hypermarket & Supermarket, Pharmacy & Drug Store, E-commerce and other Distribution Channels. Based on Product, the market is segmented into Skin care and Hair Care. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Estee Lauder Companies, Inc., L'Oreal Group, Unilever PLC, The Clorox Company, Health and Happiness (H&H) International Holdings Limited (Aurelia Probiotic Skincare), Esse Skincare, Tula Life, Inc., Eminence Organic Skin Care, Glowbiotics, Inc., and LaFlore Probiotic Skincare.
By Distribution Channel
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