Rise in Skin Problems Fuels Market Demand for Snail Beauty Products | Top Key Players Mizon, InnoVactiv, Clariant

Snail beauty products market

Rising popularity of snail-based beauty products and increased adoption of alternative medicine for treating skin conditions

PORTLAND, 5933 NE WIN SIVERS DRIVE, #205, OR 97220, USA, Oct. 28, 2022 /EINPresswire.com/ — According to a new report released by Allied Market Research, titled “Snail Beauty Products Market,” The snail size of the Beauty Products Market was valued at USD 457.50 Million in 2021 and is projected to reach USD 982.70 Million by 2031, growing at a CAGR of 8.3% from 2022 to 2031. Snail slime is used to make snail beauty items. Hyaluronic acid, glycolic acid, and elastin are antioxidants found in snail mucin that improve the appearance of wrinkles, dark spots, acne, rosacea, and other skin conditions. creams, face masks, anti-aging creams, serums, moisturizers and toners across online and offline distribution channels. Additionally, due to the growing knowledge of the benefits of using snail-based personal care and beauty products, snail-based beauty products are extremely popular in developed economies such as South America. North and Europe.

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Various micro and macro factors are contributing to the growth of the snail beauty products industry such as increasing disposable income, increasing millennial population which is the targeted customer base for most of the products of personal and beauty care and the growth of the area devoted to snail farming. For example, per capita disposable income in emerging economies has increased significantly in recent years. The per capita income of emerging economies, such as China, grew by 8.0% from 2020 to 2021. While India’s personal disposable income grew by around 12.3% in 2021. Growth in popularity of vegan and organic cosmetics and the strong hold in the market of natural and chemical merged beauty care products are the major restraining factors for the market growth. In addition, rising concerns over animal welfare and demand for cruelty-free beauty products are expected to restrain growth during the forecast period for the snail beauty products market.

According to the snail beauty products market analysis, the snail beauty products market is segmented into product type, application, distribution channel, and region. By product type, it is separated into multi-function cream, cell renewal cream, anti-aging cream, anti-acne cream and others. Based on application, the market is classified into skin and hair. Based on the distribution channel, the market is classified into hypermarkets and supermarkets, specialty stores, and e-commerce. Based on region, it is analyzed in North America (United States, Canada and Mexico), Europe (United Kingdom, Germany, France, Russia, Italy, Spain and rest of Europe), Asia -Pacific (China, Japan, India, Australia, South Korea, Thailand and rest of Asia-Pacific) and LAMEA (Latin America, Middle East and Africa).

According to the snail beauty product market opportunity, Asia-Pacific gained the largest snail beauty product market share in 2021 and is expected to maintain its share throughout the forecast period. The growing popularity of K-beauty products and increasing use of innovative cosmetic ingredients in beauty products with impactful results on skin and hair is expected to support the growth in demand for snail beauty products market. For example, according to Allied Market Research estimates, the K-beauty products market is expected to reach $13.9 billion by 2027, growing at a CAGR of 9.0% from 2021 to 2027.

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Players operating in the global snail beauty products industry have adopted various development strategies to grow their market share, increase their profitability and stay competitive in the market. Key Players profiled in this report Mizon, InnoVactiv, Clariant, Kenra Professional LLC, Croda International PLC, COSRX Inc, SkinCeuticals Inc, Kao Corporation,

Main results of the study

The Snail Beauty Products market size was valued at USD 457.5 Million in 2020 and is projected to reach USD 982.7 Million by 2031, registering a CAGR of 8.3% from 2022 to 2031.
In 2021, based on product type, the cell renewal creams segment acquired $79.2 million, accounting for 17.3% of the global market share.
In 2021, based on applications, the hair segment acquired $44.4 million, accounting for 9.7% of the global market share.
In 2021, on the basis of distribution channel, the hypermarket and supermarket segment acquired $186.4 million, accounting for 40.7% of the global market share.
South Korea was Asia Pacific’s largest market in 2021 and is expected to reach $131.8 million by 2031, growing at a CAGR of 5.7% during the forecast period.

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David Correa
Allied Analytics LLP
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