Introduction
Probiotics are favorable microorganisms that do not harm the skin and treat different skin concerns such as wrinkles, fine lines, acne, blemishes, and others.
Probiotic cosmetics could provide relief for skin conditions affecting a hefty chunk of the human population worldwide.
These products are useful to all skin types and can help reduce acne, rosacea, eczema, and chronic inflammation.
One of the key observations during the Covid-19 pandemic is that the consumer sentiment has shifted more toward necessities and basic skincare routines, thereby decreasing the probiotic product demand.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6. Five Force analysis
7. Market Sizing
8. Market segmentation
9. Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10. Growth drivers
10.1 Growing awareness about probiotic as a beneficial element and concerns
regarding skin problems.
10.2 Rise in demand for natural cosmetics among various consumer groups.
11. Key Market Trends
12. Impact of Covid-19
13. Challenges
14. Customer Insights analysis
15. Major Market Players
15.1 ESSE SKINCARE
15.2 L’OREAL S.A.
15.3 Unilever PLC
15.4 Estée Lauder Inc.
15.5 Aurelia Skincare Ltd.
15.6 GLOWBIOTICS Inc.
15.7 Johnson & Johnson
15.8 The Procter & Gamble Co.
16. Recent Developments
17. Future Scope
18. Strategic Recommendations
Market Overview
The Global Probiotic Cosmetic Products market is expected to grow to $492 million by 2025.
Growth momentum is expected to accelerate during the forecast period with 6.8% CAGR.
North America dominated the probiotic cosmetic products market with a share of 34.2% in 2020. The growing inclination of the people towards regular skincare routine and concerns regarding acne, skin diseases are some of the key driving factors for the growth of probiotic cosmetics in the region.
Key Trends
Owning to high concern for hair care, there is an increase in demand for specialized solutions, which include probiotic hair care products.
Consumers are willing to pay a premium price for product ingredients that are proven to work for skin nourishment due to growing consciousness about physical appearance and skincare routine.
Key Market Players
The global probiotic cosmetics market is highly competitive with the presence of various regional and global players. Companies are investing in expanding their product offerings, improving functionality, and marketing activities.
The most prominent players in the market are ESSE SKINCARE, L’OREAL S.A., Unilever PLC, Estée Lauder Inc, Aurelia Skincare Ltd., GLOWBIOTICS Inc., Johnson & Johnson, The Clorox Co., The Procter & Gamble Co., and others.
Growth Drivers and Challenges
Growing awareness about probiotics as a beneficial element and concerns regarding skin problems, such as acne, damaged skin, breakouts, eczema, rosacea flares, and psoriasis, is the key factor driving the market growth.
The rise in demand for natural cosmetics among various consumer groups, particularly millennials, supported by growing awareness about their clinical evidence and efficacy, has also added to the growth of the market.