Press release
Snail Beauty Products Market | Key Players are Mizon, COSRX, KENRA Professional, DRAN, Owlcare, Laboratories Portugal S.R.L.
Snail Beauty Products
Market Dynamics
The 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. Based on product type, anti-ageing creams held highest revenue share in global snail beauty products market during 2016. The grooming trend to look younger in both men & women is driving growth of anti-ageing creams over the forecast period. Asia Pacific dominated in global snail beauty products market in 2016 and the region is projected to maintain its dominance throughout the forecast period. Increasing demand for snail extract enriched products for curing acne problems in Asian economies and bulk availability of snails in the region are some of the key factors, which are projected to fuel growth of regional snail beauty products market. North America is expected to be the fastest growing region in market throughout the forecast period, owing to rapid adoption of snail extract based skincare creams.
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North America region is expected to be the fastest growing region, witnessing CAGR of 11.23% over the forecast period. In North America, the U.S. is projected to witness significant growth in the regional snail beauty products market over the forecast period. Increasing focus of leading players to tap potential market in association with local retailers in North America is expected to have positive impact on growth of regional snail beauty products market. CVC Pharmacy, a subsidiary of American Retail and Healthcare Company CVC Health began to promote K-Beauty HQ, which contain more than 100 South Korea beauty brands including snail creams & gels at 2100 stores in April 2017.
According to a study by Coherent Market Insights, the global snail beauty products market was valued at US$ 338.3 million in 2016 and is expected to reach to US$ 769.5 million, by witnessing a CAGR of 10.82%, in terms of revenue, over the forecast period (2017 – 2025).
Anti-ageing creams segment held highest revenue share of 33.25% in the product type and the segment is projected to maintain its dominance throughout the forecast period. Cell renewal cream is projected to be the fastest growing segment in the market during the forecast period.
Major Players in the Global Snail Beauty Products Market -
The major players operating in the snail beauty products market include Mizon, COSRX, KENRA Professional, DRAN Co. Ltd., Owlcare Co. Ltd., and Laboratories Portugal S.R.L. Key players are strategically investing in the snail beauty products market to enhance their product portfolio. For instance, KENRA Professional has developed snail extract based hair care products such as anti-aging shampoo, anti-aging conditioner and cream, which are formulated without sulphates, parabens, and sodium.
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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services and competitive analysis through various recommendations related to emerging market trends, technologies and potential absolute dollar opportunity.
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Coherent Market Insights
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