Published Date: 19-Feb-2021
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report Global Probiotic Cosmetic Products Market, published by KBV research, The Global Probiotic Cosmetic Products Market size is expected to reach $400 Million by 2026, rising at a market growth of 11% CAGR during the forecast period.
The hair care segment would exhibit the fastest growth during the forecast period. The increasing concerns about the rough scalp, hair quality, and hair fall boost the segment growth. Consumers prefer to use hair serums, hair dyes, and several other solutions to treat issues related to hair. New product launches in the hair care segment have been one of the major factors for segment growth. For example, Tela Beauty Organics by Philip Pelusi recently launched Probiotic scalp scrub, which is considered as an addition to the Life Force Probiotic Haircare Collection. This scrub is utilized as a pre-shampoo treatment and has a blending system of probiotics.
E-commerce is likely to show the fastest growth among the distribution channel segment over the forecast period. The rising popularity of e-commerce channels is expected to create lucrative growth opportunities for the market. Some other factors including a wider distribution network, availability of a wide range of products, increase in internet penetration, and low operating expenses that have been attracting both established and new companies to depend on this distribution channel.
A surge in the percentage of the population who are pursuing healthier lifestyles combined with a high demand for products that have a less negative impact on the environment are the significant aspects that fuel the market growth. Moreover, the increasing adoption of probiotic products among millennials will also contribute to the growth of the market during the forecast period. Moreover, increasing awareness about the detrimental effects of synthetic products that include harmful chemicals and synthetic products are some of the factors that could boost the growth of the market. The USA acquires the significant market share in North American probiotic cosmetic products market.
The Asia Pacific is likely to be the fastest-growing regional market during the forecast years. Factors like increasing awareness about having healthy skin routines, new product launches, and the necessity for a permanent solution to skin problems, are further expected to drive the regional market.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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
Unique Offerings from KBV Research