Growing demand for products such as biosurfactants, vitamins, antioxidants, pigments, enzymes and peptides drives growth
DUBLIN, April 24, 2023 (GLOBE NEWSWIRE) — The Global Microbial Products in Home and Personal Care Market Outlook to 2028 report has been added. of ResearchAndMarkets.com Recruitment.
The global microbial products in home and personal care market is expected to witness a significant growth rate during the forecast period.
Kyowa Hakko Bio Co., Ltd.
Johnson – Johnson
bio milk probiotics skin care
Esse skin care
valmont skin care
laflor probiotic skin care
ELSI Skin Health Co., Ltd.
The global microbial products market is driven by increasing demand from the personal care industry for products such as biosurfactants, vitamins, antioxidants, pigments, enzymes, and peptides. Moreover, these products have promising functional and beneficial properties and are readily commercially produced.
Additionally, microbial products are inherently eco-friendly as they have a low environmental impact. The environmental friendliness of microbial products is an advantage over conventional chemical-based products on the market and presents great opportunities. Microbial-based products are natural cleaners because they are high in natural by-products, which are primarily oxygen and carbon dioxide.
Cosmetics is one of the developing areas of science that directly impacts society. The cosmetics sector invests heavily in finding new biological substitutes to enhance product properties and replace chemical compounds in the personal care industry.
The global beauty products industry is expected to be a more than US$800 billion industry by the end of the forecast period, with hair care and skin care being the largest shareholder. The beauty and personal care market is booming especially in Asian countries due to innovations and superior quality products in this sector. Appearance and beauty have become part of the culture, and the awareness of being aesthetically pleasing has increased the use of personal care products and increased consumption of products of natural origin.
For example, the Indian beauty and personal care industry is expected to double from 2017 to 2023. This is fueled by rising disposable income, demand for fortified products, and growing awareness of self-care products. Personal care products such as bath & shower, hair care, and oral care have a high penetration rate, capturing about half of the total market share.
The personal care industry is driven by new research and the latest innovations in textures, ingredients and product experiences. Moreover, evolving consumerism has played a key role in shaping the market. There has been a dramatic shift in consumer purchasing patterns and frequency.
Millennial consumers prefer to buy their daily personal care products online because the products are standardized and various portals offer offers and discounts. In recent years, globalization and technological advances have caused a major shift in thinking, with literacy rates rising sharply in urban as well as rural areas around the world. The changing economic scenario has created tremendous room for beauty and skincare awareness.
Chemical contaminants in personal care products often end up in the trash or down the sink without being noticed. However, these chemicals have harmful effects on the environment.
Research is currently underway in the area of microbial products for eco-friendly cosmetics, home care and personal care products that significantly reduce chemicals from the environment. Researchers are evaluating whether probiotics can be used to treat certain skin conditions, and the skincare industry is investing in probiotics to enhance skin function and beauty. .
For example, as public interest in sustainability continues to grow, many cosmetic manufacturers are looking for more natural and eco-friendly emulsifiers and ingredients in their products. Applications of probiotics in personal care products such as lotions, creams and toothpastes are being explored.
The global microbial products in home and personal care market are segmented on the basis of type. The type segment is further segmented as bacteria, fungi, viruses, protozoa, algae, archaea, and others. In recent years, probiotics have gained popularity among consumers worldwide as a natural approach to sustainable personal and home care.
Many biomolecules such as bacteria play important roles, directly or indirectly, in the production of various compounds such as esters, aroma compounds and active agents that are widely used in home and personal care products. increase. Among several microbes used in home & personal care products, bacteria are biologically endangered with significant commercial value such as oligosaccharides, exopolysaccharides (EPS), biosurfactants, enzymes, peptides and vitamins. It secretes a large amount of active compounds.
Cyclodextrin is a major oligosaccharide and is primarily used to reduce the volatility of esters in perfumes and room freshener gels. In addition, the abundant use of cyclodextrin in detergents for its stable and sustained release of fragrance and long-lasting effect is boosting the market growth.
Surfactants are in great demand worldwide, with an estimated market size of over US$32 billion in 2019 and projected to grow to US$40 billion by 2021.
For future sustainability, the latest trend in the market is biosurfactants. Biosurfactants have led to multiple research programs aimed at bringing it into mainstream culture. It is widely used in the manufacturing of various cosmetics and personal care products. Increased awareness and infrastructure in Asian countries are increasing consumers of biosurfactants and expanding the market for microbial products.
2. Research scope and methodology
3. Market analysis
3.2 Market dynamics
3.3 Market Trends – Development
3.4 Market Opportunities
3.5 Regulatory Policy
3.6 Analysis of COVID-19 Impact
4. Industry analysis
4.1 Supply chain analysis
4.2 Analysis of Porter’s Five Forces
4.2.1 Competition within the industry
4.2.2 Potential new entrants to the industry
4.2.3 Bargaining power of suppliers
4.2.4 Bargaining power of consumers
4.2.5 Threat of substitute products
5. Market segmentation and forecast
5.1 By type
6. Regional market analysis
7. Main company profile
8. Competitive environment
8.1 List of Notable Players in the Market
8.2 MAs, JVs and Agreements
8.3 Market Share Analysis
8.4 Strategies of Major Players
9. CONCLUSIONS AND RECOMMENDATIONS
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