Dublin, April 13, 2023 (GLOBE NEWSWIRE) -- The "Snail Beauty Products Market, By Product Type, and By Distribution Channel, By Region - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global snail beauty products market was valued at US$ 555.9 Million in 2022 and is projected to reach at US$ 1,232.7 Million, exhibiting a CAGR of 10.47% during forecast period (2023- 2030).
This report provides in-depth analysis of global snail beauty products market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2023 - 2030), considering 2022 as the base year
Company Profiles
- Mizon
- COSRX
- KENRA Professionals
- DRAN Co. Ltd
- Owlcare Co. Ltd
- Laboratories Portugal S.R.L.
Snail beauty products are gaining popularity as an effective skincare solutions due to natural anti-bacterial and anti-viral properties of snail extract.
These products are manufactured by incorporating snail extracts with other natural bioactive ingredients such as vegetable oil, seed oil, and various others for curing acne & ageing problems. Variety of snail beauty products such as cell renewal cream, Anti-acne cream, Anti-aging cream, anti-wrinkle creams are easily available in mass merchandiser/retail stores.
Growth of global snail beauty products market is driven by increasing demand for snail extracts in variety of skincare products, due to medically proven enormous health benefits such as treating acne scarring, moisturizing, and various others.
According to Indian Brand Equity Foundation, on November 2022, in recent years India has experienced a boom in internet and smartphone penetration. The number of internet connections in 2021 increased significantly to 830 million, driven by the 'Digital India' programme. Out of the total internet connections, ~55% of connections were in urban areas, of which 97% of connections were wireless.
The smartphone base has also increased significantly and is expected to reach 1 billion by 2026. This has helped India's digital sector and it is expected to reach US$ 1 trillion by 2030. This rapid rise in internet users and smartphone penetration coupled with rising incomes has assisted the growth of India's e-commerce sector.
India's e-commerce sector has transformed the way business is done in India and has opened up various segments of commerce ranging from business-to-business (B2B), direct-to-consumer (D2C), consumer-to-consumer (C2C) and consumer-to-business (C2B).
Short shelf life of snail extract is the key factor to hamper the growth of the global snail beauty products market. This problem can be counter by using advanced technologies such as electric blender. According to U.S. Food and Drug Administration, on February 2022, there are no U.S. laws or regulations that require cosmetics to have specific shelf lives or have expiration dates on their labels.
However, manufacturers are responsible for making sure their products are safe. FDA considers determining a product's shelf life to be part of the manufacturer's responsibility.
Key features of the study:
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global snail beauty products market on the basis of the following parameters company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies, and future plans
- Insights from this report would allow marketers and the management authorities of companies to make informed decisions regarding their future product launches, technology upgradation, market expansion, and marketing tactics
- Global snail beauty products market report caters to various stakeholders in this industry including investors, suppliers, Snail Beauty Products manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the global snail beauty products market
Key Attributes:
Report Attribute | Details |
No. of Pages | 117 |
Forecast Period | 2022 - 2030 |
Estimated Market Value (USD) in 2022 | USD555.9 Million |
Forecasted Market Value (USD) by 2030 | USD1232.7 Million |
Compound Annual Growth Rate | 10.4% |
Regions Covered | Global |
Detailed Segmentation:
Global Snail Beauty Products Market, By Product Type:
- Cell renewal cream
- Multi-function Cream
- Anti-acne Cream
- Sheet Face Masks
- Face Masks
- Eye Masks
- Others
- Anti-aging cream
- Anti-wrinkle cream/serums
- Others
Global Snail Beauty Products Market, By Distribution Channel:
- Supermarkets
- Hypermarkets
- Specialty Stores
- Online
- Others
For more information about this report visit https://www.researchandmarkets.com/r/ra2hwr
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