Dna-Based Skin Care Products Market Size, Share & Trends Analysis Report 2021-2028

 DNA-based Skin Care Products Industry Overview

The global DNA-based skin care products market size is expected to reach USD 9.87 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.6% from 2021 to 2028. Consumer awareness of the dangers of using skincare products containing synthetic chemicals is pushing the demand for natural and organic products. Many DNA-based companies have been promoting awareness of DNA-based skincare products through digital and social media campaigns because today's consumers are tech-savvy and want products that are best suited to them.

 

Everyone's skin is different, so instead of a generic approach from over-the-counter items, consumers need a regimen that is tailored to their own needs. Consumers are now being targeted more directly by skincare specialists, who are prescribing a customized range of products.

The Skin360 Face Scanner app from Neutrogena identifies over two thousand face features in order to recommend goods to users. Quizzes are used by brands like Vitruvi and The Buff to analyze a customer's present conditions and skincare goals based on a guided self-assessment. To determine a client's need for their products, Atolla performs a pH skin test to analyze moisture levels, oil percentages, UV exposure, and humidity levels. Skintelli's tailored skincare technique includes an epigenetic test that examines the DNA methylation gene. As more people migrate to the internet, it will be vital for businesses to improve the customer experience when purchasing individualized skincare products online, ensuring that the procedure is as personal as the product. 


DNA-based Skin Care Products Market Segmentation

Grand View Research has segmented the global DNA-based skin care products market on the basis of product, distribution channel, and region:

Based on the Products Insights, the market is segmented into Creams, Serums, and Others.

  • In terms of value, creams dominated the market with a share of over 50.0% in 2020. As the formulation comprises high-tech pharmaceutical active components, DNA-based skincare creams are touted as more than just aesthetic or cosmetics goods. They claim to preserve and even improve the skin's function.

  • As indicated by a slew of recent brand launches, new packaging and ingredient advances have trickled down into the market. For example, EpigenCare Inc., a consumer epigenetics biotechnology firm, has developed a new Standard tier of its Skintelli tailored skincare test.

 

Based on the Distribution Channel Insights, the market is segmented into Online, and Offline.

  • In DNA-based skin care products, the internet category is the fastest expanding. The pandemic has accelerated the shift in consumer behavior, with the increased adoption of do-it-yourself (DIY) content and an increase in online sales of beauty items. The trend is being driven by the younger workforce, internet penetration, and greater per capita consumption.

 

  • The rise of the online category can be ascribed to technical improvements and the increasing importance given to online platforms for purchasing skincare products, particularly by consumers looking for bargains. The main target demographic for online platforms is customers who are comfortable purchasing things without physically inspecting them.

 

DNA-based Skin Care Products Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

The market is fragmented owing to the presence of a large number of domestic as well as international players. However, a majority of the revenue share is captured by key players. To react to this shift in lifestyles, skincare companies like PROVEN Skincare are turning to artificial intelligence to track daily skin changes and provide individualized suggestions. For instance, Atolla, which debuted in 2019, employs artificial intelligence (AI), a mobile app, and monthly at-home test kits to help with tailored skin profiling that changes with lifestyle and weather. Some companies such as Pathway Genomics now offer DNA testing kits to clients, allowing them to make informed decisions based on their genetic composition.

Many businesses, on the other hand, have evolved and recognized the necessity for distinct skincare regimens for each individual. For example, in June 2020, American actress and singer Vanessa Hudgens and singer Madison Beer collaborated with dermatologist Dr. Karen Kagha to develop KNOW, a DNA-based skincare brand that offers a novel method to tailor skincare regimes for each consumer.

Recent Developments

  • In November 2021, Milk Makeup and Obagi Cosmeceuticals LLC were acquired by Waldencast Acquisition Corp. Obagi Cosmeceuticals LLC is a dermo-cosmetic company that dermatologists promote
  • Gi Picco's, a manufacturer of cosmetic powders in Europe, is purchased by MS Beautilab. The acquisition of Italy's Gi Picco's Cosmetics by the Swiss-French subcontractor improves its product line and completes its historical know-how, marking a significant milestone in the company's expansion strategy

Some prominent players in the global DNA-based skin care products market include:

  • IMAGENE LABS
  • EpigenCare
  • ALLÉL
  • SkinDNA
  • SKINSHIFT
  • ANAKE
  • Genetic Beauty
  • DNA Skin Institute
  • LifeNome


Order a free sample PDF of the DNA-based Skin Care Products Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

Contact:

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Grand View Research, Inc.

Phone: 1-415-349-0058

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Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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