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

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.