Microbiome Cosmetic Products Market is predicted to reach USD 64.7 Million at a CAGR of 8.20% during the forecast period
Microbiome Cosmetic Products Market To Hit USD 64.7 Million by 2030
Market Research Future (MRFR) has published a cooked research report on the “Microbiome Cosmetic Products Market” that contains information from 2018 to 2030 . The Microbiome Cosmetic Products Market is estimated to register a CAGR of 8.20% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the global Microbiome Cosmetic Products Market — DSM (Netherland), BASF SE (Germany), Symrise (Germany), Clariant (Switzerland), Lallemand Inc. (Canada), HeIQ (Switzerland), Silab (France), and Sabsinsa Corporation (US).
Microbiome Cosmetic Products Market Highlights
The global Microbiome Cosmetic Products Market is accounted to register a CAGR of 8.20% during the forecast period and is estimated to reach USD 64.7 Million by 2030.
the microbiome cosmetic products market was a growing and innovative segment within the beauty and skincare industry. The microbiome refers to the complex community of microorganisms that live on and in the human body, including the skin. These microorganisms play a crucial role in maintaining skin health and balance. Microbiome cosmetic products aim to leverage this understanding by creating formulations that promote a healthy skin microbiome, ultimately leading to improved skin health and appearance.
Segment Analysis
The global Microbiome Cosmetic Products Market has been segmented based By Microbial Component, By Ingredient, By Format
Based on microbial component, the global microbiome cosmetic products market has been segmented into lactobacillus, lactococcus, streptococcus, acetobacter, leuconostoc, bifidobacterium, saccharomyces, bacillus, pediococcus, zygosaccharomyces, aspergillus, micrococcus, and others. The lactobacillus segment accounted for the largest market share of 41.69% in 2021 and is projected to register a CAGR of 6.64% during the forecast period. However, the pediococcus segment is expected to register the highest CAGR of 6.99% during the forecast period.
Based on ingredient, the global microbiome cosmetic products market has been segmented into probiotic, prebiotic, and postbiotic. The postbiotic segment is further classified as extract (extract filtrate and filtrate), ferment (ferment lysate, ferment filtrate, ferment lysate filtrate, ferment extract, and ferment extract filtrate), lysate (lysate filtrate, lysate extract, and spores), and others. The probiotic segment accounted for the largest market share of 45.44% in 2020 and is projected to register the highest CAGR of 6.75% during the forecast period.
Based on format, the global microbiome cosmetic products market has been segmented into cream/lotion, serum, cleanser/face wash, spot treatment, masks, skin tonic/toner, face oil, scrubs, sunscreen, supplements, mist/spray, pads/wipes, gels, and others. The cream/lotion segment accounted for the largest market share of 25.84% in 2020 and is projected to register a CAGR of 6.44% during the forecast period. However, the cleanser/face wash segment is expected to register the highest CAGR of 7.30% during the forecast period.
Regional Analysis
The global Microbiome Cosmetic Products Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. Europe accounted for the largest market share of 38.51% in 2020. North America was the second-largest market in 2020 and is projected to exhibit a CAGR of 6.69% during the review period. The market in the Asia-Pacific is expected to register the highest CAGR of 7.01% during the forecast period. Europe accounted for a lion’s share of 38.51% of the global microbiome cosmetic products market in 2020, and the trend is expected to continue throughout the forecast period.
The growing cosmetics and personal care industry in Asia-Pacific, with a surge in demand for skincare and healthcare products coupled with rising per capita disposable income and changing lifestyles, presents further opportunities for market growth.
The United States and Canada were significant markets for microbiome-based cosmetics due to the strong emphasis on innovation in the beauty industry and the willingness of consumers to try novel skincare solutions.
Key Findings of the Study
- The global Microbiome Cosmetic Products Market is expected to reach USD 64.7 Million by 2030, at a CAGR of 8.20% during the forecast period.
- Europe accounted for the largest market share of 38.51% in 2020. North America was the second-largest market in 2020 and is projected to exhibit a CAGR of 6.69% during the review period. The market in the Asia-Pacific is expected to register the highest CAGR of 7.01% during the forecast period.
- Based on microbial component, the global microbiome cosmetic products market has been segmented into lactobacillus, lactococcus, streptococcus, acetobacter, leuconostoc, bifidobacterium, saccharomyces, bacillus, pediococcus, zygosaccharomyces, aspergillus, micrococcus, and others.
- DSM (Netherland), BASF SE (Germany), Symrise (Germany), Clariant (Switzerland), Lallemand Inc. (Canada), HeIQ (Switzerland), Silab (France), and Sabsinsa Corporation (US)