InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Skin Microbiome Market Trends, Industry Competition Analysis, Revenue and Forecast to 2030.”
According to the latest research by InsightAce Analytic, the global skin microbiome market size is anticipated to achieve US$ 70.8 million by 2028, growing at a CAGR of 11% over the forecast period.
The human skin microbiome includes a cluster of microorganisms commonly present on the skin, which helps protect the skin from infection. Microbiome-based skincare products such as probiotics & prebiotics products can enhance the beauty and function of the skin.
Factors such as the technological advancements in pharmaceutical & cosmetic industries, high prevalence of skin diseases such as eczema, psoriasis & acne, growing demand for organic skin care products, increasing preference toward personal care, rising R&D initiatives to develop microbiome-based skincare products, and growing elderly population are projected to fuel the market growth in the coming years. Increasing awareness among the population about personal care & rising skin problems associated with cosmetic products has increased the demand for organic products over chemical products, likely to compel the market during the forecast period.
However, the high cost of skin microbiome products and limited knowledge of microbe-derived products are expected to hamper the market augmentation over the forecast period.
Geographically, North America dominated this market in 2020 and is expected to dominate over the forecast years, followed by Europe due to the growing healthcare expenditure and well-established healthcare infrastructure. Asia-Pacific is estimated to be the fastest-growing region of this market in the next few years owing to the high prevalence of skin problems and increasing awareness among people about personal care.
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