Probiotic Cosmetics Market to Register 6.9% CAGR in 2023 to 2033 | FMI Study – FMIBlog

The probiotic cosmetics market is projected to achieve a valuation of US$ 302.7 Million in 2021 and US$ 594.7 Million in 2031. Men’s growing awareness of skincare, self-care, and good appearance is going to be a major factor in the probiotic cosmetics market’s rise. The market is expected to exhibit a compound annual growth rate (CAGR) of 6.9%.

The primary goal of the players is to seduce young men. To assist them in achieving this, top cosmetic probiotic brands provide them with the best products available. Expansion of the portfolios of leading companies will help them gain a competitive edge in the market.

Men are becoming more conscious of the importance of grooming and appearance, which has increased demand for skin care and cosmetics, particularly probiotic products made specifically for men. The market for probiotic cosmetics is primarily driven by enduring self-consciousness and growing social pressure to look good.

The top market participants’ expansion plans will also help the industry as a whole. For instance, companies like Esse, Leflore, Marie Veronique, and MenBiotics continuously spend on R&D to meet the changing preferences of their customers. Additionally, this will support the player’s efforts to increase their market share.

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Key Takeaways from the Probiotic Cosmetic Market Study

  • In terms of product type, facial care products are projected to account for 40.2% of the total probiotic cosmetics market share in 2021. In terms of end-use, personal/individual will account for 63.0% of the total probiotic cosmetics market share in 2021.
  • As per FMI analysis, probiotic cosmetics demand is increasing in the United States. The US is expected to account for 88.7% of sales in North America in 2021.
  • The UK is a key market in Europe, registering a CAGR of 6.7% owing to higher spending on probiotic cosmetics in the country. Probiotic cosmetics sales via online sales channels will pick up pace globally.

“Cosmetic brands are expanding their penetration in the probiotic cosmetics market because probiotic reduces acne outbreaks and helps in managing eczema and dry skin. Furthermore, various brands operating in the probiotic cosmetic market are using virtual reality technology to motivate e-commerce shopping. Integration of advanced technologies facilitates personalizing online customer experiences. These advancements will drive sales in the market” says an FMI analyst.

Impact of COVID-19 on the Market

The new coronavirus outbreak had a significant impact, forcing the closure of all businesses and retail establishments that weren’t necessary. This has undermined corporate confidence, raised public anxiety, and created uncertainty about the future. Additionally, the COVID-19-related prolonged global economic downturns had a detrimental effect on the market for probiotic cosmetics.

Disruptions in the supply chain not only slowed consumer demand but also hurt the market. Additionally, the expansion of the probiotic cosmetics market was constrained by factors such as a lack of workforce, poor raw materials, a decline in the consumption of cosmetics, high production costs, and others.

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Who is Winning?

Leading manufacturers and suppliers of probiotic cosmetics are focusing on aggressive promotional strategies, advertisements, and new product launches to drive sales globally.

Major players present in the probiotic cosmetics market are L’Oreal SA, Procter & Gamble, Unilever Plc, Arbonne International LLC, KORRES SA, L’OCCITANE, Aurelia London., Johnson & Johnson Consumer Inc, Amway, Andalou, Aurelia London., BIO MILK Skincare, Columbia SkinCare., EMINENCE ORGANIC SKIN CARE, LeFlore(R) Probiotic Skincare, ESSE SKINCARE, Marie Veronique., and ESTEE LAUDER COMPANIES among others.

Market by Category

By Product Type:

  • Facial Care products
    • Creams & Lotions
    • Serums
    • Scrubs & Masks
    • Others
  • Hair Care products
    • Shampoos
    • Conditioners
    • Others
  • Make-up products
  • Body Care products

By Consumer Orientation:

By End-Use:

  • Individual
  • Professional Services

By Price Range:

  • Economy (Below US$30)
  • Mid-Range (US$30 to US$60)
  • Premium (Above US$60)

By Packaging:

  • Tubes
  • Bottles
  • Jars
  • Pumps and Dispensers
  • Others

By Sales Channel:

  • Hypermarkets/ Supermarkets
  • Multi brand store
  • Specialty stores
  • Online retailing
  •  Drug & Pharmacy stores
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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