The latest market report published by Acute Market Reports, Inc., the plant stem cell market for cosmetics was valued at USD 1,668.8 million in 2015 and is expected to reach USD 4,830.8 million by 2022, increasing to CAGR by 15.9 per cent from 2016 to 2022.
Market Insights:
Plant extracts and plant parts such as fruit, brilliance, leaves, stems, roots, etc. have been well known in cosmetic and pharmaceutical applications since ages. The use of plant and plant extracts in cosmetics is widespread and these products are used for purposes such as whitening, tanning, moisturizing, washing, etc. with recent research and introduction of plant and human stem cell products, their potential as a vital source of human tissue regeneration. Normally, human skin is constantly renewed and protects the body from injury, infection and dehydration. Aging of stem cells results in decreased healing capacity and heightened degeneration of skin tissues. Hence, protection and support of stem cells is vital.
Browse Full Report Originally Published by Acute Market Reports at https://www.acutemarketreports.com/report/plant-stem-cell-market-for-cosmetics-research
Companies are increasingly developing products with plant stem cells that, when used topically, help protect skin stem cells from aging. Preference for developing skin care products based on plant-derived stem cells is increasing, based on the potential of stem cells to develop into different types of cells in the body. Currently, several types of plant stem cell extracts are available for use in cosmetics; however, research has mainly focused on three types, namely lilac, Swiss apple and grapes. The components found in these plants have been shown to be a significant source of plant stem cells. Grape seed is the most widely and longest seen botanical in the field of plant stem cells. Intelligent nutrients, Mibelle Group, MyChelle Dermaceuticals and Juice Beauty are the key players in the plant stem cell cosmetics market.
Market Competition Assessment:
The plant stem cell market for cosmetics is observed as the most diversified and competitive market comprising large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are Mibelle Group, L’Oreal S.A., Estee Lauder, Inc., MyChelle Dermaceuticals, Juice Beauty, and Intelligent Nutrients.
Key Market Movements:
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