Published Date: 18-Nov-2021
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According to a new report Global DNA-based Skin Care Products Market, published by KBV research, The Global DNA-based Skin Care Products Market size is expected to reach $11 billion by 2027, rising at a market growth of 11% CAGR during the forecast period.
The creams segment acquired the maximum revenue share of the DNA-based skincare market in 2020. As the formulation consists of new-age pharmaceutical active elements, DNA-based skincare creams are boosted as more than just aesthetic or cosmetic products. They are considered to preserve and even enhance the function of the skin.
The Online distribution channel is the fastest growing in DNA-based skincare items. Moreover, the COVID-19 pandemic has caused the transition in consumer behavior due to the new trend of do-it-yourself (DIY) content and rising online sales of beauty products. Additionally, a younger workforce, higher per capita consumption, and internet penetration are further boosting this trend.
North America emerged as the dominating region in the DNA-based skincare market in 2020. As consumer-drive, eco-friendly, and clean ingredient formulations are getting high popularity in the cosmetics industry, the regional market is expected to witness bright growth prospects in the upcoming years. The regional DNA-based skincare market is saturated due to the presence of many established players.
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 Imagene Labs Private Limited (Asia Genomics), Caligenix, Inc., EpigenCare Inc. Allogenic AB (ALLéL®), LifeNome Inc., SkinDNA Clinics, Anake, Skinshift, and DNA Skin Institute.
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