Probiotics are growing—the global probiotic cosmetic products market, that is. A recent report from Research and Markets has forecasted the market to grow at a CAGR of 7.79% from 2018–2022.
These skin-benefiting microorganisms are especially in demand for their application to multifunctional products, since they can treat various concerns, including:
- Wrinkles and fine lines;
- Inflammation; and
- Oxidative stress.
Additionally, probiotics have been suggested to help prevent depression when taken internally as food or supplements.
“The latest trend gaining momentum in the market is rise in demand for multifunctional and multipurpose beauty products,” commented the research team. “The growing trend of a single beauty product offering different benefits is gaining popularity because the multifunctionality aid customers obtain maximum value for the amount spent on a single product. This has increased the demand for multifunctional skin care products that are priced higher than other skin care and hair care products.”