Global Probiotic Cosmetic Products Market, By Product Type (Skin Care, Hair Care, and Other Product Types), By Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, Convenience Stores, Online Retail, and Other Distribution Channels), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Trend Analysis, Competitive Market Share & Forecast, 2021-2027

Published:
June 2021
Report Code:
bwc20378
Available Format:
PDF PDF Icon
Pages:
151

probiotic cosmetic products market report

Global Probiotic Cosmetic Products Market Size - Industry Trends & Forecast Report 2027

The Global Probiotic Cosmetic Products Market was worth USD 260.6 Million in 2020 and is further projected to reach USD 394.0 Million by 2027, at a CAGR of 6.30% during 2021-2027 (forecast period).  Various skin concerns like acne, wrinkles, blemishes, and other signs of aging are contributing to the wide acceptance of probiotic cosmetic products worldwide. Consumer awareness regarding the clinical evidence and efficacy of probiotic cosmetics is also contributing to the growth of the probiotic cosmetic products market. Additionally, increasing distribution channels and accessibility to e-commerce websites are helping these products reach a large population. The same factors are likely to drive the growth of the probiotic cosmetic products market during the forecast period.



Source: BlueWeave Consulting


 

Global Probiotic Cosmetic Products Market Overview:

Probiotics are live bacteria that have a beneficial effect on the skin and digestive system.

One of the main reasons for their popularity is their relaxing effects on the skin. People have been more conscious of their looks, health, and well-being in recent years, which has aided in the growth of the probiotic cosmetic products market. These products aid in the maintenance of radiant, healthy skin as well as the management of skin-related issues. This market has grown at an exponential rate in recent years due to its ability to regulate the skin's natural immune response and building better skin immunity.

 

Global Probiotic Cosmetic Products Market Forecast and Trends

Growth Drivers

Growing awareness about probiotics as a beneficial element

Probiotics are microorganisms that naturally reside in the body and have a significant impact on the health and look of the skin. While probiotics are well-known in the food and supplement industries, their topical application on the skin is a fresh and amazing prospect. Probiotic cosmetics products regulate the natural immune response of the skin and help in achieving better skin immunity. The benefits of probiotic cosmetic products in maintaining bright skin and preventing skin-related issues are contributing to the market growth. These products can be used for any skin type and help in assisting skin problems like eczema, chronic inflammation, rosacea, and acne.

 

Easy accessibility of the products

The demand for probiotic cosmetic products has increased due to their easy availability over online and offline stores. The distribution channels have witnessed significant expansion, and easy access to e-commerce websites has allowed these products to reach a wider public. With the support of extensive research and development, a number of new product lines have been launched in the market, each of which has the potential to provide improved outcomes and contribute to market growth. Major discounts are frequently offered by numerous e-commerce companies, which aid in influencing consumer decisions and allowing them to take full advantage of these schemes. This contributes to the probiotic cosmetics market's growth.

 

Restraints

Lack of researched information

There are many items on the market that do not match the probiotic labeling standards. Moreover, customers often end up obtaining incorrect information across all distribution channels due to fraudulent claims and widespread abuse of the term "probiotic."  Many products get sold mostly on the basis of marketing strategies and what customers would find appealing, rather than on the basis of research facts. As a result, customers are being misled by substandard products. Additionally, healthcare professionals are also skeptical of the entire field of probiotics. The product label does not provide accurate and complete information, making it difficult for potential consumers to identify if they are using genuine probiotic skincare products.

 

Impact of COVID-19 in the industry

The ongoing COVID-19 pandemic has posed a significant challenge to the global probiotic cosmetic market. As a result of the pandemic, public perceptions have undergone a sea change. Consumers who are concerned about their skin nowadays choose basic skincare regimens, which reduces the demand for probiotic products. Moreover, consumers are opting for cheaper and more easily available products across all distribution channels in the current environment. Furthermore, because of the nationwide lockdown imposed by governments to combat the spread of the virus, online platforms, shops, and retail stores were closed, impacting the trade of probiotic cosmetic products and resulting in a decline in sales of probiotic cosmetics products.

 

Global Probiotic Cosmetic Products Market: By Product Type

Based on product type, the probiotic cosmetic products market is divided into Skin Care, Hair Care, and other product types. Consumers' rising concern about their hair is generating demand for specialized treatments like probiotic hair care. The demand for probiotic hair care products has increased not only among the younger and more active population, but also among the elderly, who are looking for things like hair colors, hair growth oils, and serums to treat various hair and scalp disorders. Furthermore, individuals all around the world are looking for hair care products that contain only natural ingredients, such as probiotics. Also, product innovation is expected to boost market expansion in the future years.

 

Global Probiotic Cosmetic Products Market: By Distribution Channel

Based on distribution channels, the global probiotic cosmetic products market is categorized into Specialty Stores, Supermarkets/Hypermarkets, Convenience Stores, Online Retail, and Other Distribution Channels.  The online retail segment is projected to be the fastest-growing distribution channel segment over the forecast period. The growing acceptance of e-commerce networks is expected to bring significant growth opportunities for the market. People are flocking toward this distribution channel due to its wider distribution network, increased internet penetration, and availability of a wide range of products. The major e-retailers of probiotic cosmetic products are Amazon.com, Sephora.com, Nykaa, and skinstore.com.

 

Global Probiotic Cosmetic Products Market – Regional Insights

Based on region, the global probiotic cosmetic products market is divided into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America dominated the market in 2020 with the largest market share. The reason contributing to the growth of the demand for probiotic cosmetics in this region is increasing concerns about skin problems. Prospective manufacturers are also putting more emphasis on product innovation in order to gain a foothold in the industry. The presence of a large number of industry leaders in the probiotic cosmetic products market in this region also contributes to the industry's growth. However, the Asia Pacific is expected to be the fastest-growing regional market during the projection period,


Recent Developments

In January 2020, AIME skincare supplement and wellness brand launched its first probiotic-based skincare–The Simple Skin. The product range consists of probiotic skincare routine for all types of skin–The Simple Cleanser, The Simple Serum, and The Simple Cream.

 

In April 2021, ChromaDex Corp. (NASDAQ:CDXC) announced that it has entered into a strategic supply agreement with Health & Happiness (H&H) Group, a global leader in premium health, human and pet nutrition, and personal care brands.

 

Competitive Landscape

Key players in the global probiotic cosmetic products market are Estee Lauder Companies, Inc., L’Oréal 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., LaFlore Probiotic Skincare, and other key manufacturers.

 

To enhance the quality of product, companies are investing in research and development activities. The prominent market players are also engaging in mergers and acquisitions to strengthen their position in the market. Joint ventures, partnerships, and collaborations are also assisting in the growth of the probiotic cosmetic products market.

Scope

Attribute

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Million

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, Argentina, AUAE, South Africa, Saudi Arabia

Product/Service Segmentation

By Product Type, By Distribution channel, By Region

Key Players

Key players for global probiotic cosmetic products market are Estee Lauder Companies, Inc., L’Oréal 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 and other key manufacturers.

           

 

 

 

·         By Product Type

o    Skin Care

o    Hair Care

o    Other Product Types

·         By Distribution channel

o    Specialty Stores

o    Supermarkets/Hypermarkets

o    Convenience Stores

o    Online Retail

o    Other Distribution Channels

·         By Region

o    North America

o    Latin America

o    Europe

o    Asia Pacific

o    Middle East

o    Africa

FAQs

1.    What is the current size of the global probiotic cosmetic products market?

Answer: Global probiotic cosmetic products market has reached USD 260.6 Million in 2020.

2.    What are the major factors driving the growth of the global probiotic cosmetic products market?

Answer: Acne, wrinkles, and blemishes are all contributing to the acceptance of probiotic cosmetic solutions. Consumer knowledge of their clinical evidence and efficacy has also contributed to the expansion of the probiotic cosmetic sector. Also, increasing distribution channels and e-commerce website accessibility are assisting these products in reaching a wider public.

 

3. Who are the key players in the global probiotic cosmetic products market?

Answer: The key players in the global probiotic cosmetic products market are Estee Lauder Companies, Inc., L’Oréal 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, and other key manufacturers.

4. Which distribution channel segment accounted for the largest share in the global probiotic cosmetic products market?

Answer: The online retail segment accounted for the largest share in the global probiotic cosmetic products market.

5. Which product type segment accounted for the largest share in global probiotic cosmetic products market?

Answer: The hair care segment is growing at a higher rate in the global probiotic cosmetic products market.

COVID-19

We've been tracking the direct impact of COVID-19 on this market, and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Contact our sales team for more details at

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