DNA-based Skin Care Products Industry Overview
The global DNA-based skin care products market size to be valued at USD 9.87 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 6.6% during the forecast period. The beauty and personal care industry has witnessed steady growth with rising consumer spending. This trend is particularly true for the millennial population segment, which is fueled by the desire to slow down signs of aging. Aggressive advertising and promotional campaigns by niche and large players have also played a significant role in influencing consumer behavior. With the increasing inclination and ability to spend on beauty and cosmetic solutions, the market will continue to grow. Everyone's skin is different, so instead of a generic approach from over-the-counter items, they need a regimen that is tailored to their own needs. Consumers are now being targeted more directly by skincare specialists, who are prescribing a customized range of products.
Gather more insights about the market drivers, restraints, and growth of the Global DNA-based Skin Care Products market
The Skin 360 Face Scanner app from Neutrogena identifies over two thousand face features in order to recommend goods to users. Quizzes are used by brands like Vitruvi and The Buff to analyze a customer's present conditions and skincare goals based on a guided self-assessment. To determine a client's need for their products, Atolla performs a pH skin test to analyze moisture levels, oil percentages, UV exposure, and humidity levels. Skintelli's tailored skincare technique includes an epigenetic test that examines the DNA methylation gene.
E-commerce retail channels play a crucial role in the distribution of DNA-based skincare products as they produce a significant portion of market revenue. Consumers may browse millions of products in one location without having to physically visit retail stores thanks to online sales platforms. Because of the increased popularity of social media sites, such as Facebook, Instagram, TikTok, and YouTube, there has been an increase in skincare advertising on these platforms, which are visually appealing. Influencer marketing has experienced significant growth in recent years, and the skincare industry is particularly well-positioned to benefit from this trend.
Browse through Grand View Research's Beauty & Personal Care Industry Research Reports
Dermocosmetics Skin Care Products Market - The global dermocosmetics skin care products market size was valued at USD 52.12 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 7.5% from 2022 to 2030.
Beauty And Personal Care Products Market - The global beauty and personal care products market size was valued at USD 482.8 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.7% from 2022 to 2030.
DNA-based Skin Care Products Market Segmentation
Grand View Research has segmented the global DNA-based skin care products market on the basis of product, distribution channel, and region:
DNA-based Skin Care Products Outlook (Revenue, USD Million, 2016 - 2028)
- Creams
- Serums
- Others
DNA-based Skin Care Products Distribution Channel Outlook (Revenue, USD Million, 2016 - 2028)
- Online
- Offline
DNA-based Skin Care Products Regional Outlook (Revenue, USD Million, 2016 - 2028)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
Market Share Insights:
November 2021: Milk Makeup and Obagi Cosmeceuticals LLC were acquired by Waldencast Acquisition Corp. Obagi Cosmeceuticals LLC is a dermo-cosmetic company that dermatologists promote.
Key Companies profiled:
Some prominent players in the global DNA-based Skin Care Products market include
- IMAGENE LABS PTE. LTD.
- Caligenix Inc.
- EpigenCare Inc.
- ALLÉL
- SkinDNA
- SKINSHIFT
- ANAKE
- Genetic Beauty
- DNA Skin Institute
- LifeNome
Order a free sample PDF of the DNA-based Skin Care Products Market Intelligence Study, published by Grand View Research.
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