Global Algal Skincare Products Market Size study & Forecast, by Type (Masks & Serums, Facial Creams, Face Wash, Anti-Aging & Skin Whitening, Cleansing Wipes, Cleanser & Toner), Application (Women and Men), and Distribution Channel (Convenience Store, Supe

Global Algal Skincare Products Market Size study & Forecast, by Type (Masks & Serums, Facial Creams, Face Wash, Anti-Aging & Skin Whitening, Cleansing Wipes, Cleanser & Toner), Application (Women and Men), and Distribution Channel (Convenience Store, Supermarket/ Hypermarkets, Pharmacies, Specialty Stores, Online Stores) and Regional Analysis, 2022-2029

Global Algal Skincare Products Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Algal Skincare Products are derived from algae. Algae is a class of photosynthetic organisms majorly found in marine and freshwater habitats and are used in food and beverages as well as in cosmetics applications. Algae vitamins work as a natural anti-aging complex, energize skin, shield it from environmental impacts, and combat free radicals, while chlorophyll, which is analogous to haemoglobin, makes a major contribution to the skin's oxygen supply. Ingredients obtained from macroalgae are increasingly being used in cosmetics. The increasing demand for natural cosmetics and personal care products and the growing emergence of d2c cosmetics brands are key factors driving the market growth.

The growing demand for natural cosmetics and personal care products is contributing towards the growth of the Global Algal Skincare Products Market. For instance – according to Statista – in 2021, the global market for natural cosmetics and personal care products was valued at USD 35 billion, and the market is further projected to grow to USD 59 billion by the year 2031. Also, increasing penetration of online distribution channels and rising urbanization and pollution levels would create lucrative growth prospectus for the market over the forecast period. However, the high cost of Algal Skincare Products stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Algal Skincare Products Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the increasing demand for organic skin care products and the presence of leading cosmetics and personal care brands in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising penetration of leading personal care d2c brands and growth of e-commerce platforms in the region.

Major market player included in this report are:
Loreal S.A.
Gallinee Limited
AlgEternal Technologies
Algenist Brands LLC
Bliss
Estee Lauder
Greenaltech SL
Amorepacific Corp.
Marevitae
Kiro

Recent Developments in the Market:
 In January 2019 Laboratories Gilbert collaborated with Gilbert Jain Laboratory Pvt. Ltd. And announced its Algotherm brand in Indian Market. The new brand Algotherm is a skin care brand from France and offers cosmetics products based on natural marine algal ingredients.

 In May 2022, Spain-based Brudy Cosmetics rolled out a new line of face and body creams using Algatrium AL. which is an algae-sourced docosahexaenoic acid (DHA) that has been reconstructed to mimic human DHA.

Global Algal Skincare Products Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Application, Distribution Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Type
Masks & Serums
Facial Creams
Face Wash
Anti-Aging & Skin Whitening
Cleansing Wipes
Cleanser & Toner
By Application
Women
Men
By Distribution Channel
Convenience Store
Supermarket/ Hypermarkets
Pharmacies
Specialty Stores
Online Stores

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

Loreal S.A.
Gallinee Limited
AlgEternal Technologies
Algenist Brands LLC
Bliss
Estee Lauder
Greenaltech SL
Amorepacific Corp.
Marevitae
Kiro

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