USD 6.02 billion
DNA-based Skin Care Products Market Size, Share, Growth Analysis, By Products(Serum, cream, other), By Distribution Channel(Offline, Online), By Region(Asia Pacific, Europe, North America, Latin America), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30L2013 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
91
|Figures:
76
DNA-based Skin Care Products Market Insights
DNA-based Skin Care Products Market size was valued at USD 6.02 billion in 2022 and is poised to grow from USD 6.41 billion in 2023 to USD 9.61 billion by 2031, growing at a CAGR of 6.33% in the forecast period (2024-2031).
Personalizing the skincare routine using DNA mapping is helpful. Identification of hereditary skin issues is aided. Professionals recommended cosmetic items that assure effective compatibility with their genes following genetic testing. These tests are first carried out in a wellness centre, but for the convenience of the patient, they can also be performed at home. Numerous skin benefits of DNA-based skincare include the production of collagen, the reduction of inflammation, and an increase in the body's antioxidant capacity. Genetic testing is an appropriate alternative to traditional skincare practises because it is quick, convenient, and accurate. Due to rising consumer expenditure on cosmetics, the personal care sector is anticipated to have significant growth.
Demand for DNA-based skincare products is anticipated to rise as skin concerns become more widely known. Additionally, both small and large firms are contributing significantly to market growth with their promotional efforts and commercials. Over the projected period, the demand for the worldwide DNA-based skincare products market is anticipated to be driven by the rising trend of beauty products and consumer spending power on skin & personal care products.
US DNA-based Skin Care Products Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Serum
Fastest Growth
Serum
Growth Rate
6.33% CAGR
Global DNA based skin care products Market, 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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DNA-based Skin Care Products Market Segmental Analysis
Global DNA based skin care products market is segmented on the basis of product type, distribution channel, region. By Product, the market is sub-segmented into Serum, cream and Others. By distribution channel, the market is categorized into offline and online. By region, Asia Pacific, Europe, North America, Latin America, Middle East and Africa
DNA-based Skin Care Products Market Analysis by Product Type
Serums will hold the largest share in the global DNA-based skincare products market as serums have been gaining massive attention in current times. Due to the increased data capabilities and technology, consumers have the option to participate in the development of their personalised products, which facilitates the purchasing decision.
Consumers choose products that help them to fulfil their aesthetic objectives, and product customization options and services that serums provide.
DNA-based Skin Care Products Market Analysis by Distribution Channels
The offline distribution channel garnered the highest revenue share of the DNA-based skincare market. The market for DNA-based skincare is anticipated to grow quickly in the coming years due to factors like the growing consumer preference for testing their genes at wellness and health centres rather than at home using test kits.
Global DNA based skin care products Market, 2022-2028 ($ Bn)
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DNA-based Skin Care Products Market Regional Insights
Globally, North America accounted for a large share in the global DNA based skin care products market. This trend can be attributed to the popularity of consumer driven, clean ingredient, and sustainable compositions in cosmetic sector in the region.
Furthermore, high purchasing power amongst regional population, presence of several well-established brands, and well-developed national economy of the United States are also some other factors driving the demand for products in the global DNA based skin care products market in North America in near future.
Europe is expected to rise in global DNA based skincare products market during the forecast period. Increasing willingness of regional consumers to pay for personalized skin care products is driving the growth in global DNA based skin care products market in this region.
Asia Pacific is expected to record substantial growth in the global DNA based skin care products market in coming years. Greater penetration of various e-commerce platforms such as Sephora and Amazon.com is also boosting the global DNA based skin care products market in this region.
Global DNA based skin care products Market, 2022-2028 ($ Bn)t By Geography
- Largest
- Fastest
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DNA-based Skin Care Products Market Dynamics
DNA-based Skin Care Products Market Drivers
Social Media Influence is the Biggest Factor for Growth of DNA based Skincare Products Market
- In the future years, the market for DNA-based skin care is expected to rise at a faster rate due in large part to millennials' desire to delay the ageing process.
- Large and specialised businesses' aggressive advertising and promotional campaigns are probably going to have a big impact on how consumers behave.
- The ability to spend more on cosmetics and beauty solutions is anticipated to augment market growth. As everyone’s skin is different, the need for a regimen that is specifically tailored for an individual’s own requirement is set to grow. Increasing number of consumers are ready to invest in skincare curated specifically according to their skin type. Players in the market are expanding their product portfolio by providing products specific to skin type and completion. This is likely to boost the demand for DNA-based skincare products in the global market during the forecast period.
DNA-based Skin Care Products Market Restraint
Cheaper Alternatives to Hinder Growth of DNA-based Skincare Products in Global Market
- Substitutes are often cheaper than DNA-based skincare products, thereby posing a big challenge to the growth & demand for such products. The companies offering substitutes have a presence on offline as well as an online mode which makes it easier for the consumers to purchase these products.
- Moreover, these companies are constantly launching unique products in order to maintain their competitive edge, hence hampering growth for many players in the market.
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DNA-based Skin Care Products Market Competitive Landscape
The Global DNA based skin care products market is highly fragmented with the presence of several small and large market players operating all over the world.
Major companies of the market are implementing on several business strategies such as new product launches, acquisition & mergers, collaboration, and partnerships for the expansion of their geographical presence and their product portfolio.
DNA-based Skin Care Products Market Top Players Company Profiles
- L'Oreal SA
- Procter & Gamble Co.
- Unilever PLC
- Estee Lauder Companies Inc.
- Johnson & Johnson
- Shiseido Co., Ltd.
- Beiersdorf AG
- The Clorox Company
- The Honest Company
- Nu Skin Enterprises Inc.
- Olay
- Dermalogica
- SkinCeuticals
- Obagi Medical Products, Inc.
- Rodan + Fields, LLC
- EpigenCare Inc.
- Kojic Acid Skincare LLC
- Arbonne International, LLC
- Mary Kay Inc.
- Plexaderm Skincare
DNA-based Skin Care Products Market Recent Developments
- Mar-2021: Imagene Labs came into a partnership with Invenio Genetics, a vendor of personalized health care. The partnership aimed to develop an enhance DNA analysis offering. Under the partnership, the patented ancestry-based polygenic risk scoring bioinformatics system of Imagine Labs would support GeneFolio Fitness & Nutrition DNA analysis of Invenio Genetics, thereby enhancing the accuracy for presently underrepresented health populations.
DNA-based Skin Care Products Key Market Trends
Global DNA-based Skincare Products Market will Witness Rising Trend of Natural Ingredients in Formulation
- Increasing awareness towards about the benefits of natural ingredients over traditional products, including lesser side effects will boost the demand for natural ingredients in the formulation of these products.
- Initiatives by major market players to improve awareness of organic products through various brand campaigns along with the increasing preference of dermatologists to prescribe natural alternatives such as organic products for skin and hair care are expected to augment the growth of the market.
DNA-based Skin Care Products Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, rising consumer spending has facilitated steady growth within the overall personal care industry in the recent past. This trend is particularly prominent within the young and millennial population demographic, driven by the demand to slow down as well as reduce the signs of aging.
This trend is further facilitated by constant and aggressive marketing, promotional, and advertising campaigns directed towards mass consumers.
Advancements in biomaterials and biotechnology will bring lucrative growth opportunities for players in the global DNA based skincare products market.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 6.02 billion |
| Market size value in 2031 | USD 9.61 billion |
| Growth Rate | 6.33% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on DNA-based Skin Care Products Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on DNA-based Skin Care Products Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the DNA-based Skin Care Products Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the DNA-based Skin Care Products Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the DNA-based Skin Care Products Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the DNA-based Skin Care Products Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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