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Snail Beauty Products Market boosting the growth through 2026 by Global Top Players - Mizon, COSRX, KENRA Professional, DRAN Co. Ltd., Owlcare Co. Ltd., and Laboratories Portugal S.R.L.
Snail Beauty Products Market
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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.
Asia Pacific held highest revenue share in the global snail beauty products market in 2016 and it is projected to maintain its dominance throughout the forecast period. In Asia Pacific, South Korea contributed highest revenue share in the regional market. Shifting consumer preferences towards natural skincare ingredients fuelled by favorable growth of cosmetic industry in the region is bolstering growth of snail extract based beauty products. According to South Korean government, South Korea is the eighth largest cosmetic market in terms of sales in the world. Moreover, increasing popularity of snail spas in Thailand, Korea, and Japan is boosting demand for snail beauty products in the region.
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).
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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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