PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1402651
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1402651
The Global Skin Fibre Market size is projected to reach US$ 1,767.8 Mn by 2030, from US$ 825.1 Mn in 2023, at a CAGR of 11.5% during the forecast period 2023-2030.
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 825.1 Mn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 11.50% | 2030 Value Projection: | US$ 1,767.8 Mn |
The skin fibre market has been witnessing steady growth over the past few years. Skin fibres are made up of protein molecules like collagen, elastin and keratin which provide strength and elasticity to the skin. These natural fibres support the growth of new skin cells and promote skin regeneration. With rising awareness about personal care and physical appearance, there has been a surge in demand for anti-aging skin care products containing skin fibres. These products are widely used for reducing wrinkles, improving skin texture and boosting collagen production. Growing geriatric population, increasing consumer spending on premium cosmetic products and extensive research & development in biomaterials are some of the key factors driving the expansion of the global skin fibre market in the coming years.
The global skin fibre market is expected to be primarily driven by the rising geriatric population globally which is more concerned about age-related skin issues. Increasing demand for sustainable and eco-friendly materials, changing consumer preferences, and fashion trends are anticipated to drive growth of the global skin fibre market over the forecast period. Moreover, technological advancements in textile production and growing demand for functional textiles are also expected to boost the growth of the global skin fibre market over the forecast period. Sustainable and eco-friendly alternatives, advanced performance and functional textiles, customization and personalization, and growing demand for smart textiles are expected to create growth opportunities for the global skin fibre market during the forecast period.
However, technological challenges, consumer education and awareness, limited availability of sustainable materials, and cost considerations are expected to hamper growth of the skin fibre market over the forecast period.
Skin Fibre Market Detailed Segmentation: