September 2024
Probiotic Cosmetics Market (By Product: Skin care, Hair care; By Distribution Channel: Pharmacy and Drug Store, Hypermarket and Supermarket, E-commerce, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2034
The global probiotic cosmetics market size was USD 338.86 million in 2023, accounted for USD 368.34 million in 2024, and is expected to reach around USD 848.30 million by 2034, expanding at a CAGR of 8.7% from 2024 to 2034. The North America probiotic cosmetics market size reached USD 125.38 million in 2023.
The U.S. probiotic cosmetics market size was estimated at USD 87.94 million in 2023 and is predicted to be worth around USD 224.85 million by 2034, at a CAGR of 8.9% from 2024 to 2034.
The probiotic cosmetic market is spread across North America, Europe, Asia Pacific (APAC), the Middle East and Africa, and Latin America. In 2023, North America held the largest revenue share in the probiotic cosmetics market. North America is the most developed continent owing to the presence of nations featuring early adoption of probiotic cosmetics and high gross domestic product (GDP).
The rising preference of people towards enhanced appearance is boosting the demand for probiotic cosmetics in the European region. The rising use of probiotic cosmetics among millennials is expected to support growth prospects for the probiotic cosmetics market in the Asia Pacific (APAC) region.
Due to low literacy, uncertainty, and civil war in African countries, the probiotic cosmetics market in Africa is expected to grow at a comparatively slow rate. In March 2022, it was reported that 11% of adults and 24% of adolescents in the UAE suffer from ill effects of Eczema. Owing to high disposable income and growing hair fall problems, the probiotic cosmetics market is expected to grow notably in the Middle East region in the coming years.
Probiotic cosmetics refers to topical applications most usually associated with antiageing, skin hydration, spots, acne, and redness (rosacea). Probiotic cosmetics are proving to be a preferred alternative that can provide relief to numerous adverse skin conditions across various age groups around the world. Probiotics are live microorganisms that tend to yield a positive impact on the skin-related framework.
The growing advancements in the medical and healthcare setup and the increasing acceptance of probiotics are anticipated to emerge as key drivers for the global probiotic cosmetics market growth. Developing an inclination towards personal health, appearance, and wellness across every population age group boosts the requirement for respective probiotic cosmetics.
The prevalence of skin ailments such as eczema (atopic dermatitis) and several allergies is rising in both developing and developed countries. The reasons behind various skin problems include genetic issues, hygiene habits, improper diets, and environmental factors. For instance, around 20% of children and infants contract eczema in many nations. The British Skin Foundation estimates that about 3 out of 5 people will have some form of skin disease during their lifetime. Such a high affection rate tends to enhance the demand for probiotic cosmetics.
Our probiotic cosmetics report includes an in-depth analysis of the recent market situation. The report covers numerous factors such as key players, competitive landscape, ongoing trends, and regional analysis. The analytical research on the impact of the COVID-19 situation helps in determining the effects on the supply and demand side. The segmental analysis provides a clear view of various probiotic cosmetics variants and particular distribution channels.
Report Coverage | Details |
Market Size in 2023 | USD 338.86 Million |
Market Size in 2024 | USD 368.34 Million |
Market Size by 2034 | USD 848.30 Million |
Growth Rate from 2024 to 2034 | CAGR of 8.53% |
Largest Market | North America |
Base Year | 2023 |
Forecast Period | 2024 to 2034 |
Segments Covered | By Product and By Distribution Channel |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
The probiotic cosmetics market is expected to witness considerable growth during the study period prominently due to the growing popularity of probiotics as a key ingredient in cosmetic products.
The probiotic cosmetics market involves local as well as international players. These players tend to pose a cut-throat competition for acquiring a dominant market share. In order to gain a competitive edge over other competitors, market players in the probiotic cosmetics market are aiming to develop cost-effective products.
Investment in research and development (R&D) activities is expected to enhance the product quality. Acquisitions and mergers can prove to be a prominent growth strategy and support strengthening the position of the new market players. Key players involved in the probiotic cosmetics market include Aurelia Skincare Ltd.; Esse Skincare; and L’Oreal S.A.
Moreover, in order to gain further access to the regional markets, companies can undertake various strategic initiatives including the expansion of existing product portfolio. These initiatives may result in more intensive rivalry over the forecast period. Additionally, rapidly evolving probiotic cosmetic offerings make the existing offering obsolete very soon. This further intensifies the market competition among the prominent players.
Since the count of probiotic cosmetics providers (manufacturers) is much less in comparison to the count of buyers, the bargaining power of suppliers is considerably higher as compared to the bargaining power of buyers. Owing to considerable profit margins, the threat of new entrants in the probiotic cosmetics market is moderate.
In June 2022, S-Biomedic raised €4 million ($4.20 million) in a Series A funding round. This amount will be utilized for the development of probiotic treatments for acne. In June 2022, SkinBioTherapeutics got an investment of €1.7 million ($1.78 million). This fund will aid the development of probiotic treatments with respect to skin conditions and cosmetics. Rising funding and increasing investment in the probiotic cosmetics market are anticipated to drive the market growth promisingly in the near future.
Based on product, the global probiotic cosmetics market is segmented into skincare and hair care. The skin care segment had the highest revenue share in 2023 and is expected to dominate the market during the study period.
There has been a rise in the demand for specialized cosmetics products, including creams and serums. The young, as well as the old population, are inclined towards purchasing probiotic moisturizer face cream. Owing to prevalent issues such as skin tone, wrinkles, acne, and inflammation, the demand for probiotic skin care products is predicted to rise exponentially.
Lactobacilli probiotic bacteria strains are known for strengthening the skin microbiome. Thus, Lactobacilli probiotic bacteria strains are helpful in supporting the body's ability to grow thick and healthy hair. Increasing stress levels are happening to be a major reason for hair fall problems all over the world. Rising hair fall issues enhance the requirement for various probiotic hair cosmetics such as Onesta Probiotic Protein Treatment Spray ($17.99), Mother Dirt Probiotic Hydrating Hair Wash ($15), Tela Probiotic Hair Mask ($48), and Yoghurt of Bulgaria Probiotic Anti-Hair Loss Shampoo ($3.99).
Based on distribution channels, the global probiotic cosmetics market is segmented into pharmacy and drug store, hypermarkets and supermarkets, e-commerce, and other distribution channels. The e-commerce segment held the largest revenue share in 2023 and is expected to hold a significant market share during the forecast period. Among the mentioned distribution channels, the inventory holding capacity of the e-commerce giants is substantially high. In the coming years, the e-commerce segment is predicted to hold a high share owing to an increasing trend of online shopping.
Segments Covered in the Report:
By Product
By Distribution Channel
By Geography
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