Market Trends of Global Cosmetic Peptide Synthesis Industry
This section covers the major market trends shaping the Cosmetic Peptide Synthesis Market according to our research experts:
Anti Aging Segment is Expected to Hold a Significant Market Share Over the Forecast Period
Peptides are frequently used as active ingredients in cosmeceutical beauty products. Due to their capacity to promote the production of dermal extracellular matrix proteins such as collagen, they are particularly interesting for anti-aging applications.
According to an article published in the Dermatology Practical & Conceptual Journal in January 2022, most of the collagen supplements recommended by a dermatologist are enriched with peptides containing amino acids that are considered to be essential components of collagen. According to the researchers, increasing hyaluronic acid peptide production in skin fibroblasts causes fibroblast migration and strengthens collagen, both of which increase the stratum corneum's moisture content. Therefore, the advantages of cosmetic peptides in anti-aging are expected to create opportunities for innovative product development leading to market growth during the forecast period.
Furthermore, various companies are adopting strategic initiatives such as partnerships and innovation in cosmetic peptides leading to product launches that are fueling the segment growth. For instance, in January 2021, BASF signed an exclusive partnership with Caregen, a Korean-based company engaged in biomimetic peptide research and development to develop a series of patented cosmetic peptides in Asia. The peptides can be used for addressing signs of aging, enhancing the brightness of the skin, soothing skin prone to dryness and itching as well, and moisturizing skin for all age groups individuals. The development of such dermo-cosmetic peptides will help to revolutionize the cosmetics industry, thereby boosting segment growth during the analysis period.
North America is Expected to Hold a Significant Market Share Over the Forecast Period
North America is expected to dominate the overall cosmetic peptide synthesis market throughout the forecast period owing to the rising prevalence of eye, hair loss, and skin disorders and increasing R&D and investment via public and private organizations for cosmetic peptide synthesis in the region.
Another key factor contributing to the growth of the studied market is the rising research activities to develop a new cosmetic peptide used for hair loss or skin-related disorders in the region. For instance, in August 2022, a signaling molecule known as SCUBE3 was discovered by researchers at the University of California, Irvine, and was observed to show the potential to cure androgenetic alopecia, a prevalent type of hair loss in both women and men. The research was recently published in the journal Developmental Cell. Currently, there are only two drugs that are finasteride and minoxidil, approved by the FDA for the treatment of hair loss. There is a strong need for new, effective hair loss medicines and naturally occurring compounds that create the opportunity for research and development of naturally occurring peptides for cosmetic purposes, contributing to the market growth in the region.
As cosmetic peptides play a crucial role in the treatment of skin, the rising geriatric population will increase the utility of cosmetic peptides for anti-aging advantages. Hence, these factors will increase the market growth in the region.
The strategic initiatives adopted by key players, such as launches, innovation, approvals expansions as well as partnerships, are also fueling the market growth in the region. For instance, in July 2021, ADOREYES, a Canadian cosmetic brand offering natural beauty enhancing products, ADOREYES Plus Lashes & Brows Enhancing Serums, expanded distribution into New Zealand with its first on the global market, Triple Peptide Complex formulations. The expansion of offerings by market players in other regions is expected to strengthen the market position as a global player and boost market growth.
Hence, the above mentioned factors, such as the high burden of eye diseases and skin disorders and rising product launches in the region, the market is anticipated to grow during the forecast period.
