Market Size of Probiotic Cosmetic Products Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 16.42 Billion |
| Market Size (2029) | USD 21.67 Billion |
| CAGR (2024 - 2029) | 5.71 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Probiotic Cosmetic Products Market Analysis
The Probiotic Cosmetic Products Market size is estimated at USD 16.42 billion in 2024, and is expected to reach USD 21.67 billion by 2029, growing at a CAGR of 5.71% during the forecast period (2024-2029).
- The rise in popularity of probiotics as a main functional ingredient is significant because of their efficiency against various skin concerns, such as acne, wrinkle, and blemishes which are anticipated to drive market growth during the study period. Furthermore, a rise in demand for natural cosmetics among various consumer groups, particularly millennials, supported by growing awareness about their clinical evidence and efficacy, has also increased the market's growth.
- Owing to the growing demand for products with natural ingredients and due to a shift towards sustainable raw materials, manufacturers of conventional cosmetics and personal care products are also introducing products with more natural ingredients, like probiotics. Future product launches are predicted to shift as a result of this trend.
- Additionally, catering to the demand, new probiotic ingredients are being launched by manufacturers specifically to use in cosmetic products. For instance, in April 2022, Probi (Lund, Sweden), in collaboration with Symrise, created a new skincare ingredient, SymFerment, a moisturizing active ingredient that the company claims is based on a byproduct of Probi's probiotic that is produced by the fermentation of Lactiplantibacillus (Lactobacillus).
- Moreover, factors such as growth in personal appearance, skin, hair, health, and wellness coupled with demand for multi-functional beauty products, which allow consumers to extract maximum value by spending on a single development, are the key trends expected to drive the probiotic cosmetic products market in the coming years.
- Also, as people spend time on social media and many fashion and skincare influencers burst onto the scene, brands could proliferate their digital presence with partnerships and increase their brand equity through promotions. This, in turn, is increasing traffic to the company websites and allowing cosmetic brands to sell direct-to-consumer with minimal focus on logistics.
