The global plant stem cells for the cosmetic market are anticipated to grow at a significant CAGR during the forecast period (2022-2028). Moreover, the growing cosmetic industry owing to the rise in cosmetic enterprises is anticipated to drive the growth of the market. For instance, according to the State Administration of Market Regulation (SAMR), in 2020, there were 2.77 million registered cosmetics-related enterprises up from 12.0% of the 2.47 million enterprises registered in China in 2019. Among these, 74.0% consisted of small enterprises and 1.0% were large enterprises. Moreover, according to the National Beuarue of Statistics, the sale of cosmetics in November 2020 and March 2021 accounted for 32.3% and 42.5% respectively. Further, according to the mainland research report on strategic investment planning in China’s cosmetic sector, the online sales channels accounted for 38.0% of total cosmetic sales. Thus, the growing cosmetic industry is anticipated to drive the demand for the global stem cell market during the forecast period (2022-2028).
The rising incidence of hair disorders such as androgenetic alopecia and others is anticipated to drive the growth of the global stem cells for the cosmetics market. According to the data published by National Center for Biotechnology Information (NCBI) in 2021, androgenetic alopecia is a genetically predetermined disorder due to excessive response to androgens which affects up to 50.0% of males and females. It is characterized by progressive loss of terminal hair of the scalp any time after puberty in both males and females. According to NCBI, white patients are most affected followed by Asians and African Americans. Moreover, the incidence approximated the age in Caucasian males with 50.0% affected by 50 years old and up to 80.0% affected by 70 years old.
Looking toward the demand for plant stem cells for cosmetics, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in March 2019, Mibelle Biochemistry Inc. launched PhytoCellTec Goji, an active-based ingredient based on plant stem cells that improve cell to cell communication via exosomes. According to the company, treatment with PhytoCellTec improved skin density, and wrinkle depth through reduced sagging of facial contours. Thus, such launches are anticipated to drive the growth of the global plant stem cell for the cosmetics market during the forecast period.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Mibelle Biochemistry Inc., Aidan Products LLC, and Renature Skin Care Inc among others
A full report is available at: https://orionmarketreports.com/global-plant-stem-cells-for-cosmetics-market/111790/
Global Plant Stem Cells for Cosmetics Market Report by Segment
By Type
Therapeutic
Drug Development
By Application
- Disease Diagnosis & Treatment
- Skin Rejuvenation
- Hair Care Therapy
- What is the market growth rate?
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- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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