Microbiome skincare products are effective against various skin conditions such as wrinkle, blemishes, and acne. A healthy microbiome skincare products protect from dryness, pathogens, and damage. Microbiome based products mainly include prebiotics, probiotics, and postbiotics. The prebiotics and probiotics offer useful effects to the skin as these are targeted to favor cutaneous microbial species which are thought to be good for skin. Microbiome skincare products provide advantages such as help protect against infection, limit exposure to allergen & UV radiation, aid keep the skin barrier intact & well hydrated, and minimize oxidative damage.
Increase in popularity of probiotic skincare products, rise in technological advancements along with launch of numerous customized skincare products sourced from natural resources, surge in need for licensed products, and increase in demand for natural and organic skin care & personal care products are the major factors that boost the growth of the market during forecast period. In addition, increase in prevalence of skin conditions such as eczema, psoriasis, acne, and other skin diseases, rise in R & D innovations to produce novel microbiome based skincare products are the other factors that drive the growth of the market.
The COVID-19 epidemic had considerably impacted the manufacturing, and transportation of raw materials of microbiome skincare products. The supply chain was disturbed during the COVID-19 pandemic lockdown in various regions. The market players have observed a decrease in the sale of microbiome skincare products. However, after the COVID-19 pandemic, the sale of microbiome skincare started rising as the requirement and demand for the skincare surged with a rise in the awareness about the skincare treatments among the consumers.
Based on the product type, probiotics is anticipated to account for the highest market share due to the increase in number of probiotics product launches and surge in public awareness towards skincare treatments are the major factors that drive the growth of the market. In addition, rise in aging population, availability of wide range of probiotics skincare products, and rise in number of skin diseases are other factors that fuel the growth of the market.
The North American region is expected to witness the largest market share and growth over the forecast period. The factors such as increase in spending on skincare products, rise in sale of products enhanced with prebiotics and postbiotics, the advanced healthcare infrastructure, and presence of favorable government policies are some factors contributing to its large share. In addition, acquisitions, partnerships, and product launch strategies adopted by players are expected to drive market growth.
The industry is marked by the presence of numerous small and large industry players. The microbiome skincare market is highly competitive in the regions such as North America and Europe. Key global industry players include Aurelia Skincare Ltd., Gallinée, ELSI Beauty, Esse Probiotic Skincare, S-Biomedic, Joyōme Skincare, Yun Perobiotherapy, Clinique, La Roche-Posay, and AmorePacific (Illiyoon).
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