PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1236030
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1236030
Global Algal Skincare Products Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Algal Skincare Products are derived from algae. Algae is a class of photosynthetic organisms majorly found in marine and freshwater habitats and are used in food and beverages as well as in cosmetics applications. Algae vitamins work as a natural anti-aging complex, energize skin, shield it from environmental impacts, and combat free radicals, while chlorophyll, which is analogous to haemoglobin, makes a major contribution to the skin's oxygen supply. Ingredients obtained from macroalgae are increasingly being used in cosmetics. The increasing demand for natural cosmetics and personal care products and the growing emergence of d2c cosmetics brands are key factors driving the market growth.
The growing demand for natural cosmetics and personal care products is contributing towards the growth of the Global Algal Skincare Products Market. For instance - according to Statista - in 2021, the global market for natural cosmetics and personal care products was valued at USD 35 billion, and the market is further projected to grow to USD 59 billion by the year 2031. Also, increasing penetration of online distribution channels and rising urbanization and pollution levels would create lucrative growth prospectus for the market over the forecast period. However, the high cost of Algal Skincare Products stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Algal Skincare Products Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the increasing demand for organic skin care products and the presence of leading cosmetics and personal care brands in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising penetration of leading personal care d2c brands and growth of e-commerce platforms in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of figures
List of tables and figures and dummy in nature, final lists may vary in the final deliverable