Probiotic cosmetic product manufacturers are investing in strategic promotional activities for new product launches to sustain sales during and after the pandemic.
ROCKVILLE, MD / ACCESSWIRE / July 14, 2020 / The global probiotic cosmetic products market is expected to rise exponentially at 12% CAGR during the projection period between 2020 and 2030. As per the Fact.MR report, the coronavirus outbreak has resulted in the temporary closure of brick and mortar cosmetics stores. In addition, consumers are more likely to direct their income towards essential commodities such as food and medicines, which will hurt short term prospects of the market.
"The rise in demand for natural ingredients in cosmetic products, particularly among the millennial demographic is a key factor bolstering sales of probiotic offerings. The market is also supported by the higher awareness on clinical trials on product efficacy, which will aid market recovery after the pandemic ends," says the FACT.MR report.
Request a report sample to gain more market insights at-
https://www.factmr.com/connectus/sample?flag=S&rep_id=4188
Probiotic Cosmetic Products Market- Key Takeaways
- Probiotic hair care products are projected to account for major market share driven by higher incidences of scalp and hair issues.
- Online retail is rapidly gaining ground as a major distribution channel for probiotic cosmetic products, supported by widespread penetration, and wider product options.
- North America is a prominent market for probiotic cosmetic products, aided by consumer awareness about the adverse effects of synthetic cosmetics.
Probiotic Cosmetic Products Market- Driving Factors
- Growth of the health and wellness industry is generating lucrative opportunities, among millennial consumers.
- Development of multifunctional probiotic product offerings is aiding market growth.
Probiotic Cosmetic Products Market- Major Restraints
- Higher cost of probiotic products is a key factor hindering sales and revenue.
- Potential side effects for immune-compromised consumers hinders adoption rates.
COVID-19 Impact on Probiotic Cosmetic Products Market
The demand for probiotic cosmetic products is expected to drop moderately through 2020 owing to the coronavirus pandemic. Lockdown restrictions are likely to disrupt supply chains of essential ingredients, hurting production operations. In addition, these restraints will also stop consumers from visiting cosmetic stores, as non-essential businesses are temporarily suspended, and consumers are more likely to spend their income on essentials. Recovery of the probiotic cosmetic products market is expected to remain steady in 2021, as business restrictions are gradually relaxed.
Explore the global Probiotic Cosmetic Products market with 225 figures, 101 data tables, along with the table of contents of the report. You can also find detailed segmentation on
https://www.factmr.com/report/4188/probiotic-cosmetic-products-market
Competitive Landscape
Probiotic cosmetic products market players are primarily pushing to expand their product portfolios, in strategic marketing practicing. For instance, Kovo Essentials Skincare has unveiled a new CBD infused probiotic cosmetics range. ESSE Skincare, TULA Life Inc., LaFlore Probiotic Skincare, Eminence Organic Skincare, and Aurelia Probiotic Skincare, are leading probiotic cosmetic product manufacturers.
About the Report
This study offers readers a comprehensive market forecast of the probiotic cosmetic products market. Global, regional and country-level analysis of the top industry trends impacting the probiotic cosmetic products market is covered in this FACT.MR study. The report offers insights on the probiotic cosmetic products market on the basis of product type (facial care, hair care, make-up products, and body care products), form (fermentation products, cell lysates, tyndallization, and living probiotic bacteria), category (leave-on products, and rinse-off products), demographic (male, female, and pediatrics) use case (individual and professional services) and distribution channels (direct sales, departmental stores, internet retailers, specialty stores, drugs & pharmaceutical stores, and others), across five regions (North America, Latin America, Europe, East Asia, and South Asia & Oceania).
Explore FACT.MR's Comprehensive Coverage of Retail & Consumer Goods Landscape
Electrical Neck Warmer Market- Get the latest insights on the global electrical neck warmer market through FACT.MR's report covering analysis for projection period (2018-2028).
Termite Control Services Market- FACT.MR's study on the global termite control services market covers trends, tech innovations, players, and strategies for 2018-2027.
Lifting Column Market- Obtain analysis on the global lifting column market through FACT.MR's latest report covering competitive analysis, key regions, along with segmental analysis for 2018-2028.
About Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the veteran research team at FACT.MR helps clients from across the globe with their unique business intelligence requirements. With a repository of over a thousand reports and 1 million+ data points, the team has scrutinized the retail & consumer goods sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
Contact:
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: [email protected]
Web: https://www.factmr.com/
PR- https://www.factmr.com/media-release/1522/probiotic-cosmetic-products-market-trends
SOURCE: Fact.MR