The Europe DNA-based Skin Care Products Market would witness market growth of 10.2% CAGR during the forecast period (2021-2027).
The demand for natural and organic products has been fueled by the increase in consumer awareness about the risks of adopting skincare products having synthetic chemicals. The majority of DNA-based organizations have been creating awareness about DNA-based skincare products with the help of digital and social media campaigns as modern consumers are tech-savvy and looking for products that are customized to their needs.
Many manufacturers are devising convenient and easy-to-use kits due to which DNA testing at home is becoming highly popular among consumers. There are many DNA kits that are easily available in the market that offers a comprehensive history of family health together with wellness reports of the family on the basis of genetics. By analyzing a person’s genetic markers and their skin genes, the test can be advised regarding beauty routines and grooming. With the help of this test, it becomes possible to better understand the aspects like skin elasticity, sun protection, fine lines, wrinkles, and collagen quality. Moreover, the price of these skits has been reduced in the last few years in order to make them widely available for a majority of consumers.
As customers are more concerned regarding the problems their skins are vulnerable including pigmentation and inflammation, DNA testing can prove extremely essential in this regard. As most of the countries of this region are well developed, the demand for personalized wellness products is high, thereby propelling the growth of the regional DNA-based skincare market.
Once the innate features of skin are determined by DNA testing, doctors can better recommend personalized products. The rising disposable income of the customers is further increasing the demand for these products in the regional market. Hence, these factors would open new growth avenues for the growth of the regional DNA-based skincare market.
The Germany market dominated the Europe Online Market by Country in 2020, thereby, achieving a market value of $284.7 million by 2027. The UK market is showcasing a CAGR of 9.8% during (2021 - 2027). Additionally, The France market is poised to grow at a CAGR of 12.2% during (2021 - 2027).
Based on Products, the market is segmented into Serums, Creams, and Other Products. Based on Distribution Channels, the market is segmented into Online and Offline. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global DNA-based Skin Care Products Market Size will Hit $11 Billion by 2027, at a CAGR of 11%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Imagene Labs Private Limited (Asia Genomics), Caligenix, Inc., EpigenCare Inc. Allogenic AB (ALLéL®), LifeNome Inc., SkinDNA Clinics, Anake, Skinshift, and DNA Skin Institute.
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