Microbiome Cosmetic Products Market Trends

Global Microbiome Cosmetic Products Market Overview:

Microbiome Cosmetic Products Market Size was valued at USD 0.32 Billion in 2022. The Smart Mattresses Industry is projected to grow from USD 0.35 Billion in 2023 to USD 0.73 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.66 % during the forecast period (2023 - 2032).

The microbiome is defined as a collection of microorganisms that live in a particular place. Microbiome cosmetic products refer to cosmetic products that foster a healthy skin microbiome. Skin microbiome refers to the trillions of microscopic organisms, mostly bacteria, that live on and in human skin's various layers. These microbes protect the skin from pathogens, control skin immunity, nutrient absorption, and support the skin barrier. The global microbiome cosmetic products market witnessed significant growth over the last few years and is projected to register a 6.60% CAGR during the study period. The major growth drivers are the focus on healthy aging, demand for certified products, and rising demand for natural ingredients in the cosmetic industry. However, premium pricing of products and issue regarding efficacy are set to curb the market growth of microbiome cosmetic products. Nevertheless, the growth of the organized retail sector in developing nations is expected to create lucrative growth opportunities for players operating in the microbiome cosmetic products market during the forecast period.

As a measure to limit the spread of coronavirus, various governments across the world have restricted the gathering of more than ten people in a closed space, and many small to large manufacturers were ordered to shut their production facilities. Due to the urgent measures taken across the globe, sourcing raw material was slightly difficult. The procurement of raw materials has become a cause of concern for the manufacturers owing to COVID-19 impact on logistics. The whole world was under lockdown; there were some urgent measures taken by the government of various countries, such as physical distancing and limitation on transportation to fight surge ability. The worldwide lockdown has certainly affected the production of microbiome cosmetic products. Following state and regional guidelines, manufacturers have implemented extensive measures to protect the health and safety of their employees. Many global manufacturers temporarily closed their operations or limited the production capacity of their products. Also, in the early crisis period, manufacturers were majorly dependent on inventory. This scenario has also affected the manufacturers financially, and they are strategizing their operations to survive the pandemic with minimal losses.

Market Dynamics

Drivers:

• Growing Share of Geriatric Population With an Increasing Focus on Healthy Aging

Healthy aging is a concept that refers to the ability of all people, irrespective of their age, to live a healthy, socially inclusive and safe lifestyle. Microbiome cosmetic products aid in healthy aging by promoting beauty from within, enhancing body functions, and promoting skin health. According to Age UK, by 2022, more than 50% of adults in the UK will be over the age of 50. In the UK, 13% of the women and 17% of the men aged between 65 and 74 focus on exercises sufficient to meet international guidelines of half an hour’s exercise of moderate intensity at least five days a week, whereas these statistics decrease to below 3% women and 8% men aged 75 and above. In the US, the number of older adults aged 65 and above is expected to reach 90 million by 2050. The increasing geriatric population with a focus on healthy aging is boosting the sales of Microbiome cosmetic products across the globe.

Restraint:

• Premium Pricing of Products

The microbiome cosmetic products market is still in the nascent stages of development and has led to a high level of capital investments in research and development. Limited suppliers for raw ingredients and the experimental stage of the products have led to higher pricing of microbiome cosmetic products compared to conventional products. Furthermore, high competitiveness and lack of products from major cosmetic companies have led to a high concentration of small and middle-scale players working in the market. While some major players are entering the market, the high research cost and low awareness of consumers has affected the growth of the microbiome cosmetic products market. Investments from major players are expected to lower the cost during the long-term forecast; however, the adoption rate is expected to be low due to the premium pricing of the products, thereby restricting the growth of the global microbiome cosmetic products market.

Opportunity:

• Growth of the Organized Retail Sector in Developing Nations

Disposable income includes the personal per capita income of households left after income taxes and is available for spending and saving. The increasing per capita disposable income increases consumer buying power and their willingness to pay. Asia-Pacific is considered as the engine of global growth and offers excellent growth prospects for the nicotine gums market. Healthy economic growth and rising income levels are likely to boost the demand for microbiome cosmetic products. Additionally, the rising middle-class population in developing countries is raising customer expectations, resetting the strategic imperatives of industrial manufacturers operating in the global microbiome cosmetic products market. Rapid economic growth, a growing mid-income population, and high migration rates from rural to urban areas have led to an influx of international retailers worldwide. This has encouraged the expansion of existing retail outlets in countries such as India and China, contributing to the growth of the microbiome cosmetic products market. Online retailing is trending for cosmetic products across the world. With instant access to catalogs and price lists, customers have a clear idea of the products available, simplifying purchasing decisions. Online retailers are capturing a sizeable portion of the microbiome cosmetic products market share from brick-and-mortar retailers as consumers are increasingly preferring online shopping to minimize shopping time.

Segment Overview

By Microbial Component

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.

By Ingredient

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.  

By Format

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.

By Claim

Based on claim, the global microbiome cosmetic products market has been segmented into acne, hydration, smooth/brighten, environmental damage, cellular aging, wound healing, atopic dermatitis, eczema, rosacea, psoriasis, and others. The acne segment accounted for the largest market share of 25.43% in 2020 and is projected to register a CAGR of 6.56% during the forecast period. However, the cellular aging segment is expected to register the highest CAGR of 7.19% during the forecast period.

By Consumer Group  

Based on consumer group, the global microbiome cosmetic products market has been segmented into women and men. The women segment accounted for a larger market share of 76.43% in 2021 and is projected to register a CAGR of 6.53% during the forecast period. However, the men segment is expected to register a higher CAGR of 6.83% during the forecast period.

By Age  

Based on age, the global microbiome cosmetic products market has been segmented into babies (0-4), children (5-12), gen z (13 – 24), millennials (25-40), gen x (41-56), baby boomers (57-75), and post-war cohort (+75). The gen x segment accounted for the largest market share of 34.60% in 2020 and is projected to register a CAGR of 6.68% during the forecast period. However, the gen z segment is expected to register the highest CAGR of 7.16% during the forecast period.

By Distribution Channel

Based on distribution channel, the global microbiome cosmetic products market has been segmented into online channels, drug stores & pharmacies, specialty stores, supermarkets & hypermarkets, department stores, and others. The online channels segment accounted for the largest market share of 37.10% in 2020 and is projected to register the highest CAGR of 6.90% during the forecast period.

Microbiome Cosmetic Products Market Share, by Region, 2021 (%)Sources: MRFR Analysis

By region, the global microbiome cosmetic products market 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

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.

Asia-Pacific

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.

Competitive Landscape

The market comprises tier-1, tier-2, and local players. The tier-1 and tier-2 players have reach across the globe with diverse product portfolios. Companies such as BASF SE, Nufarm, Syngenta, Bayer, and UPL Limited dominate the global market due to brand reputation, product differentiation, financial stability, strategic developments, and diversified regional presence. The players are focused on investing in research and development. Furthermore, they adopt strategic growth initiatives, such as expansion, product launches, joint ventures, and partnerships, to strengthen their market position and capture a large customer base.

Prominent players in the global microbiome cosmetic products market include DSM (Netherland), BASF SE (Germany), Symrise (Germany), Clariant (Switzerland), Lallemand Inc.(Canada), HeIQ (Switzerland), Silab (France), Sabsinsa Corporation (US), Rolemi HPC (Italy), Puripharm. (China), L'oreal S.A.(France), Estée Lauder Companies Inc. (US), Amorepacific Group (South Korea), TULA Life Inc. (US), Gallinée Microbiome Skincare (UK), ESSE SKINCARE (South Africa), Yun Perobiotherapy (Belgium), Aurelia Skincare Ltd (UK), LaFlore Probiotic Skincare (US), Neogenlab (US).

Few developments that occurred in recent times influencing the market growth of microbiome cosmetic products are listed below:

• In August 2021, SILAB launched PEPTILIUM an anti-aging active ingredient rich in natural biopeptides purified at 95%, combining power, transversality, and harmlessness. It is obtained from the co-product of a super-fruit, the cranberry, from a traced and responsible supply chain, which is part of a sustainable approach.


• In January 2021, Lallemand purchased Biotec BetaGlucans AS from ArticZymes Technologies ASA. The acquisition includes a specialized pharma and food-grade certified production plant in Tromsø, Northern Norway, with an experienced team. Under the terms of the agreement, Lallemand will acquire all of the BBG assets and associated intellectual property. The acquisition of the Biotec BetaGlucans business broadened Lallemand’s beta-glucans product portfolio as well as their access to leading technologies within yeast-based ingredients.important benefits to the extensive customer network of Adalia.


• In January 2021, Amorepacific Group entered into an agreement with HEM, a company specializing in microbiome research. The company aims to work synergistically to increase microbial research and product development capacity.


• In March 2020, BASF SE expanded its polyphthalamide portfolio with a new Ultramid Advanced N-grade particularly suitable for connectors post-processed with surface mount technology. Ultramid Advanced N2U40G7 allows reduction with thin-wall structures at high power besides data throughput in electronic applications.

Microbiome Cosmetic Products Market, by Microbial component

• Lactobacillus


• Lactococcus


• Streptococcus


• Acetobacter


• Leuconostoc


• Bifidobacterium


• Saccharomyces


• Bacillus


• Pediococcus


• Zygosaccharomyces


• Aspergillus


• Micrococcus


• Others

Microbiome Cosmetic Products Market, by Ingredient

• Probiotic


• Prebiotic


• Postbiotic

Microbiome Cosmetic Products Market, by Format  

• Cream/Lotion


• Serum


• Cleanser/Face Wash


• Spot Treatment


• Masks


• Skin Tonic/Toner


• Face Oil


• Scrubs


• Sunscreen


• Supplements


• Mist/Spray


• Pads/Wipes


• Gels


• Others

Microbiome Cosmetic Products Market, by Claim  

• Acne


• Hydration


• Smooth/Brighten


• Environmental Damage


• Cellular Aging


• Wound Healing


• Atopic Dermatitis


• Eczema


• Rosacea


• Psoriasis


• Others

Microbiome Cosmetic Products Market, by Consumer Group  

• Women


• Men

Microbiome Cosmetic Products Market, by Age  

• Babies


• Children


• Gen Z


• Millennials


• Gen X


• Baby Boomers


• Post-War Cohort

Microbiome Cosmetic Products Market, by Distribution Channel

• Online Channels


• Drug Stores & Pharmacies


• Specialty Stores


• Supermarkets & Hypermarkets


• Department stores
  
  
  
  • Others
  
  
  
  

Microbiome Cosmetic Products Market, by Region

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


• Europe
  
  
  
  • UK
  
  
  • Germany
  
  
  • France
  
  
  • Spain
  
  
  • Italy
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • India
  
  
  • Japan
  
  
  • Australia & New Zealand
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • South America
  
  
  • Middle East
  
  
  • Africa
  
  
  
  

• Microbiome Cosmetic Products Manufacturers


• Raw Material Suppliers


• Retailers, Wholesalers, and Distributors


• Governments, Associations, and Industrial Bodies


• Investors and Trade Experts