Category: Uncategorised

Nordic Regulatory Affairs Industry Overview

The Nordic regulatory affairs market size is expected to reach USD 272.7 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.5% from 2021 to 2028. An increase in R&D activities in countries such as Denmark and Norway, drug pipeline, and clinical trial applications are some of the key factors expected to drive the market.

Denmark is the hub of R&D activities in Europe. The country is known for its long tradition for collaborative R&D and the fastest approval of clinical trials makes it a preferred destination to perform drug discovery and development. Denmark also has the largest commercial drug-development pipeline in Europe. Thus, the urge for a faster drug approval process is one of the key factors expected to drive the market in the country.

In Sweden, as stated by the SwedenBIO, around 148 companies have 420 drug development projects; an increase by 51 projects compared to 2016. In addition, around 6% of the total exports from Sweden are related to pharmaceuticals. Hence, this is projected to create demand for regulatory affairs services in the country.

The ongoing COVID-19 pandemic is expected to create the need for regulatory affairs in the Nordic countries. Countries such as Sweden and Denmark, which are the hub of clinical trials, are expected to witness an increase in demand for regulatory services as many of the trials are put on hold. In addition to this, due to COVID-19, a significant number of vaccines and drugs are in the development stage, which requires faster approval. This is possible only through clearance by regulatory bodies. Thus, the need for regulatory affairs is expected to increase in the Nordic countries.

Nordic Regulatory Affairs Market Segmentation

Grand View Research has segmented the Nordic regulatory affairs market based on service, service provider, company size, category, product stage, indication, end-use, and country:

Based on the Service Insights, the market is segmented into Regulatory Consulting, Legal Representation, Regulatory Writing & Publishing, Product Registration & Clinical Trial Applications, and Other Services.

• The regulatory writing and publishing segment held the largest revenue share of 36.8% in 2020. Pharmaceutical and biotech companies are increasingly opting for outsourcing selected regulatory functions, such as regulatory writing and publishing, to focus on core business needs.

• The legal representation segment is projected to register the fastest growth rate of 8.3% over the forecast period owing to the expansion plans of major biotech/pharma companies and medical devices companies in the Nordic region.

Based on the Service Provider Insights, the market is segmented into In-house, and Outsourcing.

• The outsourcing segment accounted for the largest revenue share of 59.9% in 2020 and is anticipated to expand at the fastest CAGR during the forecast period. Several medical devices, pharmaceutical, and biotechnology startups generally lack the budget and infrastructure for a sustainable in-house regulatory affairs team and mainly rely on outsourcing, thus creating lucrative opportunities for service providers.

Based on the Company Size Insights, the market is segmented into Small, Medium, and Large.

• The medium-sized companies segment led the market and accounted for a revenue share of 46.8% in 2020. The presence of several mid-sized established providers, especially privately held ones, is anticipated to contribute to this segment growth. 

• The large-sized companies segment is anticipated to register the fastest CAGR over the forecast period. They generally tend to prefer service providers of similar size to meet various regulatory needs arising due to their large geographic network and wide product lines and tend to seek long-term partnerships with service providers.

Based on the Category Insights, the market is segmented into Drugs, Biologics, and Medical Devices.

• The medical devices segment accounted for the largest revenue share of 39.2% in 2020. This can be attributed to the increased competition due to the high demand for wearables and technological advancements in material science, design languages, personalized healthcare, and additive manufacturing. 

• The drugs segment is further segmented into innovator and generic while the biologics segment is sub-segmented into biosimilars, ATMPs, and biotech products. Innovator drugs dominated the market in 2020. The biologics segment is anticipated to register the fastest growth rate of 8.6% over the forecast period. 

Based on the Product Stage Insights, the market is segmented into Preclinical, Clinical Studies, and PMA.

• The clinical studies segment led the market and accounted for a 46.2% share in 2020. The increasing prevalence of chronic diseases and the emergence of new diseases are anticipated to increase the number of clinical trials.

• The preclinical segment is anticipated to expand at the fastest CAGR during the forecast period. This can be attributed to the increasing number of molecules in the preclinical stage, especially in recent times, as companies are lined up for the development and approval of vaccines and drugs to treat COVID-19.

Based on the Indication Insights, the market is segmented into Oncology, Neurology, Cardiology, Immunology, and Others.

• The oncology segment dominated the market in 2020 and accounted for a revenue share of 33.1%. The segment will expand further on account of the increasing prevalence of chronic diseases, such as cancer, along with the presence of several innovative pipeline products.
• The immunology segment is anticipated to register the fastest CAGR of 9.0% over the forecast period. The growing use of immunological molecules in cancer therapy, coupled with their potential in facilitating the treatment of various cardiovascular, neurological, and inflammatory diseases, is anticipated to boost segment growth.

Based on the End-use Insights, the market is segmented into Medical Device Companies, Pharmaceutical Companies, and Biotechnology Companies.

• The pharmaceutical companies segment dominated the market with a revenue share of 38.9% in 2020 and is projected to register the fastest CAGR from 2021 to 2028. This growth is attributed to the increase in the number of approved products of the leading pharmaceutical companies. 

• Biopharmaceutical companies are actively involved in the development of innovative molecules that fulfill the unmet needs of patients. With an increasing number of companies in the late-stage development of their biologics, the biologics market is anticipated to witness substantial growth in the future.

Key Companies Profile & Market Share Insights

Companies provide various services such as regulatory consulting and writing and publishing for various pharmaceutical and medical devices companies. In January 2020, ICON Investments Limited acquired MedPass International, which has a significant presence in the European region as a regulatory and reimbursement consultant. The core competencies of MedPass are in market access and medical device development (class III). Some prominent players in the Nordic regulatory affairs market include:

• Pharma Assist Sweden AB
• GenPact Ltd.
• ICON plc
• Freyr
• Global Pharma Consultancy AB
• Regsmart Lifesciences AB
• PRA Health Sciences
• Charles River Laboratories International, Inc.
• Parexel International Corporation, Inc.
• Accell Clinical Research LLC

Order a free sample PDF of the Nordic Regulatory Affairs 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:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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Plant-based Beverages Industry Overview

The global plant-based beverages market size is expected to reach USD 71.83 billion by 2030, registering a CAGR of 12.7% during the forecast period, according to a new report by Grand View Research, Inc. There is significant scope for the growth of the global industry as the concept of veganism is gaining prominence in developed countries, such as the U.K., U.S., Australia, New Zealand, Germany, Italy, France, and Canada. In addition, various Middle Eastern countries such as Israel and Saudi Arabia have been witnessing a growth in the vegan population, which offers several growth opportunities for plant-based beverage manufacturers. Major players as well as new entrants in the industry are adopting various market strategies, primarily new product launches, and strengthening their distribution channel to gain maximum customer penetration across the globe.

For instance, in April 2021, Nestlé announced the launch of a plant-based, ready-to-drink (RTD) version of its Milo cocoa beverage in Asia, along with two plant-based coffee RTDs. The new plant-based version of Milo will replace the dairy milk with almond and soy and the other two core ingredients-malt and cocoa-remain the same. The demand for organically processed beverages is significant in the European and North American regions. The rising demand has compelled beverage companies to reformulate products to meet organic standards over the years. Increasing government support for organic agriculture and the rising popularity of organic food & beverages among consumers have driven the demand for organically processed plant-based beverages.

Coconut-based beverages are anticipated to register the fastest CAGR during the forecast period. New product launches in this segment are likely to be among the key drivers supporting the market growth. For instance, in April 2020, Harmless Harvest added three new flavored coconut water drinks to their classic organic coconut water line. The flavored plant-based beverages segment is expected to register a significant CAGR over the forecast period. Consumers are willing to experiment with flavors, such as mango, pulp, and cocoa. Therefore, new flavor launches in the existing product portfolio along with partnerships, collaborations, and marketing campaigns are some of the strategies that brands and companies opt for to gain a competitive edge in the industry.

Plant-based Beverages Market Segmentation

Grand View Research has segmented the plant-based beverages market based on type, product, and region:

Based on the Type Insights, the market is segmented into Soy, Coconut, Almond, Oat, and Others.

• The soy beverage segment led the industry in 2021 and accounted for the maximum share of more than 38.40% of the overall revenue. Soy milk is being widely consumed across the globe as it has similar benefits as dairy-based milk. It is also used by bakers and confectioners.

• These products are highly nutritious and offer numerous health benefits. However, high lipid and saturated fat content in coconuts are limiting their demand, particularly among consumers suffering from cardiovascular ailments and hypertension.

Based on the Product Insights, the market is segmented into Plain, and Flavored.

• The plain beverages segment led the global industry in 2021 and accounted for the maximum share of more than 70.35% of the overall revenue. The segment is expected to maintain its leading position throughout the forecast period. The majority of consumers prefer unflavored or plain plant-based beverages as a direct replacement for dairy milk.

• Manufacturers are introducing and combining several flavors to stimulate the adoption of beverages in different applications, such as smoothies, protein shakes, yogurt drinks, and other beverages with favorite inclusions.

Plant-based Beverages Regional Outlook

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

Key Companies Profile & Market Share Insights

Key players face intense competition from each other as some of them are among the top manufacturers. These companies have large customer bases in both regional and international markets as they have strong and vast distribution networks, which help them reach a larger customer base:

• In June 2021, Plant Veda, a Vancouver-based dairy-alternative company, announced the launch of a new line of vegan lassi (an Indian yogurt drink) from cashews and real fruits. This product is free of cane sugar and contains gut-healthy probiotics
• In February 2021, Heartbest Foods, a Mexican food tech company, launched its plant-based milk nationwide. This plant-based milk is available in plain and quinoa flavors. The product is also available in a sugar-free option
• In July 2020, Starbucks Canada expanded its non-dairy options by launching oat beverages as its latest plant-based offering. The growing adoption of plain plant-based milk in several drinks is anticipated to boost the sales of plant-based beverages over the forecast period

Some of the key players operating in the global plant-based beverages market include:

• Danone S.A.
• Pacific Foods of Oregon, LLC
• Blue Diamond Growers, Inc.
• SunOpta
• The Hain Celestial Group, Inc.
• Noumi Ltd.
• Califia Farms, LLC
• Harmless Harvest
• Koia
• Vitasoy International Holdings Ltd.

Order a free sample PDF of the Plant-based Beverages 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:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

CBD Gummies Industry Overview

The global CBD gummies market size is expected to reach USD 13.9 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 30.7% from 2021 to 2028. The exceptional medicinal properties without any harmful side effects are expected to be a major factor contributing to the growth of the market. The consumption of CBD (Cannabidiol) gummies to relieve anxiety, depression, pain, and inflammation, and to induce sleep is expected to boost the growth of the market.

The 2018 U.S. Farm Bill is considered to be one of the most supportive government policies for the promotion of CBD gummies and other CBD-based products in the U.S. The bill legalizes hemp and hemp-based products in the country and omits hemp from the definition of marijuana in section 102(16) of the Controlled Substances Act. As per this bill, the USDA will approve the states before harvesting for monitoring and production regulating purposes.

In addition to this, a few favorable changes in the overall regulations on hemp are promoting the supply of various CBD-based products in the U.S. market. For instance, under the 2018 Farm Bill, hemp has been removed from the Controlled Substances Act (CSA), which implies that cannabis plants and derivatives that constitute less than or equal to 0.3% dry weight THC are no longer controlled substances under federal law.

These aforementioned supportive policies are anticipated to boost the demand for CBD gummies in the U.S. market. The market, however, is still at a nascent stage and the products being launched are only in the countries where CBD-based edible products are legalized. Manufacturers are, however, expecting a significant shift in product positioning in the global market, with the hopes that CBD oil and gummies will become as common as fish oil or multivitamin gummies.

CBD Gummies Market Segmentation

Grand View Research has segmented the global CBD gummies market on the basis of concentration, distribution channel, and region:

Based on the Concentration Insights, the market is segmented into Surfing Boards, and Apparels & Accessories.

• The low concentrated CBD gummies held the largest share of 90.2% in 2020 and are expected to maintain their lead over the forecast period. First-time buyers prefer low CBD content gummies ranging from 1 mg to 20 mg CBD per gummy.

• High concentrated gummies are projected to register the fastest CAGR of 34.7% from 2021 to 2028. The increasing awareness among consumers regarding the advantages of marijuana edibles for the treatment of sleep disorders is anticipated to fuel the segment growth in the near future.

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

• The offline distribution channel was the largest segment with a share of 56.4% in 2020 and is expected to witness the fastest growth over the forecast period. The overall sales through offline channels dropped drastically owing to the closure of all the brick and mortar stores due to the pandemic across the globe.

• The online distribution channel is expected to register a growth rate of 17.2% from 2021 to 2028. The hassle-free shopping experience offered by Amazon and other online platforms is expected to drive the segment. Easy payment methods, which fit into the regulatory standards of different countries, have made operations easier.

CBD Gummies Regional Outlook

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

Key Companies Profile & Market Share Insights

The market players face intense competition, especially from the top companies in the market as they have a large consumer base, strong brand recognition, and vast distribution networks and they are continuously expanding their presence across major markets. For instance, in February 2021, Champs, Inc. signed an exclusive distribution agreement with First Capital Venture Co., a subsidiary of PotNetwork Holdings and the owner of Diamond CBD. This cooperative effort is to bring athlete-approved products to the market that will widen the opportunity for Diamond CBD.

Companies have been implementing various expansion strategies, such as mergers & acquisitions, new product launches, and production capacity expansion, to gain a competitive advantage over other players. For instance, in August 2020, CV Sciences, Inc. launched its Happy Lane product line that includes soft gels, roll-ons, liquids, chews, and gummies. These are distributed through the convenience store channel and select natural products retailers across the U.S. Some prominent players in the global CBD gummies market include: –

• CV Sciences, Inc.
• Dixie Brands
• Reliva CBD
• Sunday Scaries
• Green Roads
• Medix CBD
• Hemp Bombs
• PureKana
• Diamond CBD
• Premium Jane

Order a free sample PDF of the CBD Gummies 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:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

Scented Candles Industry Overview

The global scented candles market size is anticipated to reach USD 690.8 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.3% from 2021 to 2028. These are candles are available in various sizes, designs, colors, and scents to meet consumers’ requirements and preferences and home décor aesthetics.

Candle-making is considered the biggest lockdown trend and has gained traction owing to social media platforms like TikTok, resulting in a 3,500% spike in searches for soy candle-making kits. In addition to this, the National Candle Association (NCA) spokesperson Kathy LaVanier, and CEO of Renegade Candle Company, stated that the overall U.S. candle sales have increased by 30% since the pandemic.

Each aroma has its own therapeutic value, there is a growing need for customized scented candles to be used in therapies and to achieve relaxation in a specific health state. For instance, Jonathan Adler’s Muse Gilded candle is a blend of soy and paraffin wax and helps to create a pleasantly scented interior atmosphere. Once the candle is finished, the gold-gilded porcelain bowl can be used as a vase. Pink grapefruit, raspberry, French cassis, violet leaves, rose petals, and grape leaf are some popular scents.

The market is projected to witness continuous growth as social media influencers around the globe are promoting them off as forms of self-care, new hobbies, or even businesses, which is supported by the monthly search volumes data provided by The Dubrovnik Times in 2021. OnBuy’s Health and Beauty Department found that 81,560 searches are made each month from people looking to try these latest candle trends.

More and more consumers are ordering online and are acutely aware of the need to stay in good shape, both physically and mentally, customers spent more time at home looking for entertainment and a cozy environment, consumers are increasingly spending on renovation and redecorating the home.

These current trends are considered continuations of previously established consumer trends; some may be accelerated. The disposable money people may or may not have after the pandemic, owing to economic slowdown and losses in jobs, will be a major factor influencing consumers’ purchasing decisions.

Scented Candles Market Segmentation

Grand View Research has segmented the global scented candles market on the basis of product, distribution channel, and region:

Based on the Product Insights, the market is segmented into Container-based, Pillar, and Others.

• The container-based segment dominated the market for scented candles and accounted for the largest revenue share of more than 56.0% in 2020. Customers benefit most from the large range of fragrance options available to them, as well as the ability to personalize the fragrance to their preferences.

• Scented container-based candles are quite popular since they are being used in restaurants as well as for home décor. These scented candles can set the perfect mood and atmosphere, making them ideal for parties. Soothing scents are preferred by millennials hoping to create a relaxing ambiance and maintaining a positive mindset.

Based on the Distribution Channel Insights, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, and Online.

• The hypermarkets and supermarkets segment is expected to project a CAGR of more than 3.0% in the market for scented candles over the forecast period.  According to The NPD Group in 2020, which measures the sales in department stores and specialist beauty merchants, fragrance sales fell by 17% year-over-year from January 2020 to September 2020.

• In April 2021, according to The Association for Convenience and Fuel Retailing, in the U.S., the basket size for convenience store sales increased by 18.4% in 2020 as compared to 2019. Many consumers prefer buying scented candles from offline channels, as they prefer to smell the scent of the candle before buying.

Scented Candles Regional Outlook

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

Key Companies Profile & Market Share Insights

Key players in the market are focusing to open their flagship stores in various regions to increase their geographical presence, widen product portfolios, and expand customer bases. For instance, In February 2019, NEST New York opened its flagship store in New York, which is the brand’s first retail venture. The store offers 215 products from across the brand’s three product categories- home fragrance, fine fragrance, and body care. It also offers limited edition and specialty products. Some of the prominent players in the scented candles market include:

• Village Candle
• Portmeirion Group PLC
• Newell Brands
• MVP Group International, Inc.
• Estée Lauder Companies Inc.
• Diptyque Paris
• Lalique Group SA
• L Brands
• NEST New York
• Thymes, LLC

Order a free sample PDF of the Scented Candles 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:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

Lip Care Products Industry Overview

The global lip care products market size is expected to reach USD 3.1 billion by 2028, registering a CAGR of 5.9% over the forecast period, according to a new report by Grand View Research, Inc. The demand for lip care products is witnessing rapid growth owing to the growing concerns regarding personal grooming and appearance. An increasing number of beauty & health-conscious consumers are preferring vegan and organic lip care products, which has resulted in increased adoption of these products.

Products, such as lip balms, scrubs, and masks, containing ingredients, such as hyaluronic acid and essential oils like coconut & olive oils, are gaining immense popularity. The presence of essential oils is primarily intended to provide nourishment, and offer protection against dust, UV rays, and cold, which is driving their adoption in regular beauty regimes.

The lip balm segment held the largest segment in 2020 and is expected to maintain dominance over the forecast period. Lip balms are intended to offer the benefits of instant hydration and moisturization, which is driving their adoption as an essential lip care product. The growing availability of lip balms with various fragrances, flavors, plant-based ingredients, sizes, and shapes, are boosting the market growth.

The hypermarket & supermarket distribution channel segment accounted for the largest revenue share in 2020. An increasing number of product manufacturers are offering their lip care range through these stores. For instance, in November 2020, Eco Lips Store announced the launch of its six organic lip balms through Walmart stores.

The global market is consolidated owing to the presence of a large number of international players, such as L’Oreal S.A., Unilever Beiersdorf AG, The Colgate-Palmolive Company, The Estée Lauder Companies, Inc., Johnson and Johnson, and Avon Products, Inc. These players have an extensive product portfolio as well as a large customer base.

Lip Care Products Market Segmentation

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

Based on the Products Insights, the market is segmented into Lip Balms, Lip Scrub, and Others.

• The lip balm segment held the largest revenue share of 45.0% in 2020 and is expected to maintain dominance over the forecast period. The growth of the segment is attributed to the increasing number of new product launches by major players to capture a larger consumer base.

• The other segment, which includes various types of lip butters, masks, and oils, is projected to register the fastest CAGR during the forecast period. Consumers’ attention is gradually inclining towards innovative products, which is driving the others segment. The increasing availability of gel-& water-based and collagen lip masks are gaining immense popularity among consumers.

Based on the Distribution Channel Insights, the market is segmented into Hypermarket & Supermarket, Pharmacy & Drug Stores, Specialty Stores, Online, and Others.

• The specialty store distribution channel segment is projected to register the fastest CAGR during the forecast period. Consumers choose to buy products from these stores because of the ease of purchase, extensive network, and availability of an exclusive range of products at affordable prices.
  
  
• The online segment is projected to register the second-fastest CAGR from 2021 to 2028. The product sales through online channels are estimated to witness a rise during the forecast period. Prominent e-commerce giants, such as Amazon, Anastasia Beverly Hills, Kinship, Inc., Sephora, and Walmart, are the leading online retailers of lip care products.

Lip Care Products Regional Outlook

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

Key Companies Profile & Market Share Insights

The market is characterized by the presence of a few established players and new entrants. Market players are focusing on new product launches to expand their product portfolios, widen their consumer base, and gain a competitive edge over others. For instance, in May 2021, Summer Fridays launched a new range of lip butter balms, which is available on retail websites like Sephora and Revolve. Some of the key players operating in the global lip care products market include:

• L’Oreal S.A.
• Unilever
• Beiersdorf AG
• The Colgate-Palmolive Company
• The Estée Lauder Companies, Inc.
• Johnson and Johnson
• Avon Products, Inc.
• Shiseido Co., Ltd.
• The Procter & Gamble Company
• Revlon, Inc.

Order a free sample PDF of the Lip 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:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

Nootropics Industry Overview

The global nootropics market size is expected to reach USD 29.24 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 15.0% from 2021 to 2028. Nootropics are gaining popularity as cognitive enhancers and smart drugs as these are particularly used for improving memory, increasing mental alertness and concentration, and boosting energy levels and wakefulness. According to an article published by the Alcohol and Drug Association (ADF), in November 2021, CILTEP and Alpha Brain are the most used nootropic supplements among young consumers.

The growing availability of over-the-counter (OTC) nootropics, nootropics coffee, functional shots, and bars across online and offline channels is driving the consumption of nootropics. Further, shifting inclination towards natural and herbal products has been playing a vital role in boosting the market growth. Some of the commonly found herbs in nootropics include ginkgo Biloba, ginseng, curcumin, echinacea, L-theanine from green tea, turmeric, guarana, and bilberry.

The capsules/tablets segment held the largest revenue share in 2020 and is expected to maintain its lead over the forecast period. The consumption of capsules/tablets is the most convenient way to take supplements, which is expected to continue throughout the forecast period, thereby boosting the segment growth.

The offline segment held the largest revenue share in 2020 and is expected to maintain its lead throughout the forecast period. Offline channels are the primary channels for purchasing these products. These include major supermarket and hypermarket chains, pharmacies and drugstores, and grocery stores. An increasing number of consumers rely on these stores for buying nootropics including bars, coffee, and functional drinks due to the large availability of brands. The market for nootropics is consolidated owing to the presence of a large number of leading players. 

Nootropics Market Segmentation

Grand View Research has segmented the global nootropics market on the basis of form, distribution channel, and region:

Based on the Form Insights, the market is segmented into Capsules/Tablets, Powder, Drinks, and Others.

• The capsules/tablets segment held the largest revenue share of over 45.0% in 2020 and is expected to maintain its lead over the forecast period. Capsules/tablets have seen an uptick in demand as the product manufacturers are marketing them in these forms, which is expected to continue during the forecast period.

• The drinks segment is projected to register the fastest CAGR of 16.0% from 2021 to 2028. Nootropics ingredients are being incorporated into RTD drinks and shots to help improve functions such as focus and memory. Nootropics in drinks form are gaining popularity due to their ability to be digested more quickly than food, allowing them to boost the brain instantly.

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

• The offline segment held the largest revenue share of over 70.0% in 2020. The increasing penetration of independent retail giants such as Walmart, Walgreens, Tesco, and Costco is boosting product visibility and attracting a larger consumer base. Consumers prefer to explore these products before buying, which is driving the sales through these channels.

• The online distribution channel is projected to register the highest CAGR of 15.4% from 2021 to 2028. Consumers are switching from offline to online channels owing to the change in their purchasing patterns and a considerable shift in lifestyles. Online platforms offer high levels of convenience, increased product visibility, and at-home delivery features, which is eventually driving the segment.

Nootropics Regional Outlook

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

Key Companies Profile & Market Share Insights

The market is characterized by the presence of a few well-established players and several small and medium players. Product launches are among the key strategic initiatives undertaken by the industry players to gain a competitive edge in the market. The product manufacturers are introducing new variants in the nootropics product categories to capture a larger consumer base.

For instance, in October 2021, Savvy Beverage is planning to launch instant coffee and soda drinks containing nootropic ingredients to enhance brain health. Similarly, in February 2021, Mind Cure Health Inc. announced the release of its original nootropic and adaptogen product offerings for promoting support across the spectrum of mental hygiene. The product offerings include three nootropics formulations in capsule and powder form and a teen-centric formulation in capsule form with added energy, focus, and protection from immune threats.

Recent Developments

• In April 2021, Unilever announced that it had signed an agreement to buy Onnit, a holistic company based in Austin, Texas (US) that focuses on supplements for maintaining physical fitness. This agreement resulted in a purposive vision to make improvements in the wellbeing of consumers through scientific solutions 
• In February 2022, Vaga.org and Vagarights.com have merged to improve the online experience for nootropics research and reviews. The merging of both the organizations has been successful in providing accurate scientific information and suitable research. Hence, both the companies will carry forward the brand, VAGA and this resulted in providing individuals with insightful content on health and wellness
• Koios Beverage Corp. has teamed up with McLane Co. to expand its Fit Soda distribution network in convenience shops and gas stations across the country.It boosts human productivity without the inclusionof dangerous pharmaceuticals by using a proprietary blend of nootropics and natural organic ingredients. Moreover, the teaming up with McLane Co. has also been beneficial for Koios as its beverages will be carried in more than 600 locations across the country, thereby increasing its trend and making further expansion

Some prominent players in the global nootropics market include:

• Onnit Labs
• Reckitt Benckiser Group plc.
• Mental Mojo, LLC
• NooCube
• Mind Lab Pro
• TruBrain
• Neu Drinks
• Peak Nootropics
• Zhou Nutrition
• Kimera Koffee

Order a free sample PDF of the Nootropics 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:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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Nonstick Cookware Industry Overview

The global nonstick cookware market size is expected to reach USD 15.39 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.2% from 2021 to 2028. The nonstick cookware industry is rapidly changing due to technology improvements and shifting customer preferences. Businesses have long tried to stay on top of new developments and advances in this industry, such as electronic cookware and smart kitchen gadgets.

The rise in the popularity of home cooking, especially during the ongoing COVID-19 pandemic, is another factor fueling the demand for nonstick cookware products. Consumers are not only trying new recipes at home but also improving their cooking skills. The coronavirus outbreak has also led to an increase in cooking at home as consumers want to avoid any exposure to outside food. This, in turn, has boosted the overall demand for nonstick cookware products.

The intention to keep up with home cooking is particularly strong among younger groups, according to a survey of 2,200 U.S. consumers. When questioned about their post-pandemic intentions, a whopping 43% of Gen Z respondents stated they expect to cook more at home once the epidemic is gone. Cooking shows on TV and the internet and regional and international food publications have all aided the trend of cooking at home, thereby driving cookware sales all over the world.

Moreover, cookware and bakeware sales in the third quarter of 2020 and the first nine months of 2020, according to BridgeTower Media, demonstrate the rising interest in at-home food preparation that has occurred during the pandemic. Total cookware sales in the U.S. increased 36.2% in the third quarter compared to the same period last year, while sales from January to September were up 20.7% over the same period in 2019.

The market for nonstick cookware is rising due to the growth of the hospitality industry. The growth of the restaurant and hospitality industry is primarily due to companies reorganizing their operations and recovering from the COVID-19 impact, which had previously resulted in restrictive containment measures, such as social distancing, remote working, and closure of commercial activities, all of which created operational challenges.

Nonstick Cookware Market Segmentation

Grand View Research has segmented the global nonstick cookware market on the basis of raw material, distribution channel, and region:

Based on the Raw Material Insights, the market is segmented into Teflon Coated, Aluminum Coated, Enameled Iron Coated, Ceramic Coated, and Others.

• The teflon-coated segment held the largest volume share of 47.0% in 2020. Because of its stiffness and longevity, this cookware type has always been the most popular among middle-income families. Cookware lined with Teflon has a frictionless surface which helps in cooking the food easily.

• For players to thrive in this competitive industry, continuous research and development to improve technologies that form the backbone of the market is recommended. Product releases and innovations have been noted to play an important role in market growth. However, the high cost of non-stick cookware and the availability of low-cost, high-durability alternatives, such as aluminum and stainless steel, limit the market growth.

Based on the Distribution Channel Insights, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores, and Others.

• The supermarkets and hypermarkets segment accounted for the largest revenue share of 59.7% in 2020. While shopping at a supermarket or hypermarket, people are more likely to be selective and observant as a product on the shelf may readily be compared to those of other brands before making a purchase decision.

• The easy availability of cookware across many sales channels and the increasing penetration of the internet have raised the demand for non-stick cookware through e-commerce sites. Online distribution channels have seen a boom in sales as they allow buyers to access premium and global brands with well-informed information about the product.

Nonstick Cookware Regional Outlook

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

Key Companies Profile & Market Share Insights

Companies have been focused on inorganic development strategies to penetrate regional markets and take advantage of the growth potential. Mergers and acquisitions are among the corporate strategies that help organizations grow their market share. Showa Denko K.K. (SDK) purchased all of the shares of the ILAG Group, a specialty non-stick coating chemicals manufacturer based in Zurich, Switzerland, in May 2019. ILAG’s non-stick coatings are used in both consumer and industrial goods.

In order to sustain their market presence, key companies are progressively focusing on introducing new products and product development. For instance, in February 2020, Fissler added three new products to the existing cenit pan series, which now includes the cenit pan, cenit induction pan, and cenit induction serving pan. Some prominent players in the global nonstick cookware market include:

• Groupe SEB (Tefal, All-Clad Group, WMF)
• Tefal
• All-Clad Group
• WMF
• Newell Brand Inc. (Calphalon)
• Cuisinart
• Meyer Corporation
• TTK Prestige Limited
• Scanpan USA, Inc.
• Hawkins Cookers
• The Cookware Company

Order a free sample PDF of the Nonstick Cookware 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:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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Induction Cooktops Industry Overview

The global induction cooktops market size is anticipated to reach USD 35.9 billion by 2028, registering a CAGR of 8.5% over the forecast period, according to a new report by Grand View Research, Inc. The increased use of induction cooktops in Asia and Western areas of the world has been fueled by rising customer demand for hassle-free and clean cooking technology. Induction cooktops provide a number of advantages over standard gas stoves, such as faster water boiling, no heating of the burners, easy surface cleaning, and energy efficiency. These advantages have attracted not only a significant number of home chefs but also professional chefs.

Induction stoves are not some Veblen goods for image-conscious elites, despite the fact that they are a little more expensive than gas or electric stoves. The most affordable induction ranges costs $1,000, which is only a few hundred dollars more than a mid-tier gas or electric freestanding range. Consumer preferences have shifted, not just in terms of product pricing, but also in terms of purchase methods. Because of the widespread availability of the internet in various parts of the world, e-commerce has gained tremendous popularity. In the past, consumers favored in-store buying over online shopping. However, in recent years, online buying has become increasingly popular. The option to select from a wide variety of products, along with enticing prices, has led to an increase in product sales through online distribution channels.

Apart from high-end brands, traditional cooking equipment manufacturers are also introducing advanced induction cooktops, which also support market growth. Large induction cooktops are now available from BSH Group, AB Electrolux, Whirlpool Corp., GE Appliances, Viking Corp., Sub-Zero/Wolf, and many other appliance manufacturers across the globe. The induction market in Europe is increasing rapidly. However, Italy is an exception as it favors gas appliances due to the limited amount of electricity a household can consume at any given moment (around 3-3.2 KW).

Induction Cooktops Market Segmentation

Grand View Research has segmented the global induction cooktops market on the basis of product, application, distribution channel, and region:

Based on the Product Insights, the market is segmented into Built-in, and Free-standing.

• Because of the inherent benefits of the technology, more chefs and manufacturers are increasingly promoting induction to construction professionals and consumers. Induction is more efficient than typical electric and gas-based technology.
  
  
• Most corporations are focusing on mergers and acquisitions, acquiring shares in regional companies to expand their geographical presence, broadening their product ranges, and expanding customer reach.

Based on the Application Insights, the market is segmented into Household, and Commercial.

• The household segment led the global market with a revenue share of over 72% in 2020 and will expand further at the fastest CAGR over the forecast period. In residential settings, induction cooktops are favored because they deliver better cooking results.

• Unlike standard electric cooktops, which are slower to respond to temperature changes, induction cooktops provide precise and near-instantaneous temperature control. Furthermore, a worldwide increase in disposable income has led to people buying several homes or having multiple kitchens in larger homes.

Based on the Distribution Channel Insights, the market is segmented into Hypermarkets & Supermarkets, Specialty Stores, and Online.

• The specialty stores segment accounted for the largest revenue share of over 50% in 2020. The online segment is expected to record the fastest CAGR from 2021 to 2028. The expansion of the global household induction cooktops business is fueled by advancements in internet marketing and an increase in the use of digital media for product marketing. Increased acceptance of technologically advanced and high-tech products is expected to fuel the growth of e-commerce websites for kitchen appliances, driving the market for domestic induction cooktops.

• Hypermarkets and supermarkets also account for significant product sales as these stores provide consumers with appealing promotional offers and discounts. The product sales may expand considerably through this distribution channel during the forecast period on account of the rising number of private labels by large-scale retailers.

Induction Cooktops Regional Outlook

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

Key Companies Profile & Market Share Insights

The market is fragmented due to the presence of a large number of domestic as well as international players. However, a majority of the market share is captured by a few key players. New product launches are the primary drivers of the market rivalry. Moreover, increased R&D investments and new growth plans by major players will intensify market competition. Manufacturers will have to design region- or nation-specific products to stand out in the market. Some of the prominent players in the global induction cooktops market are:

• Whirlpool Corp.
• LG Electronics, Inc.
• Electrolux AB
• TTK Group
• Smeg S.p.A
• Koninklijke Philips N.V.
• Robert Bosch GmbH
• Avis Rent a Car System, LLC
• Panasonic Corp.
• Sub-Zero Group, Inc.
• Miele & Cie. KG

Order a free sample PDF of the Induction Cooktops 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:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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Shapewear Industry Overview

The global shapewear market size is anticipated to reach USD 3.7 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.0% from 2021 to 2028. The growth of this market is fueled by factors such as changing lifestyles, increased use of compression wear among the geriatric population, and developments in garment designs and fabric technology. Furthermore, the rise in online sales of compression wear and shapewear, as well as the rising demand for plus-size clothes, has fueled the growth of the market.

The market is also influenced by a variety of cultural factors. When it comes to the body, the concept of perfection is being replaced with the concept of self-love and comfort in one’s own shape and size. The market has been influenced by this body-positivity philosophy.

Shapewear is not about hiding defects for millennials and Gen-Z shoppers; rather, it is seen as apparel that improves rather than alters one’s appearance. As a result, Gen Z-focused manufacturers like Honeylove have gained a wider audience by avoiding the term “shapewear” and instead of offering “sculptwear” in a variety of sensual styles with flattering elements that women want to flaunt in public.

Most of these companies also have enormous communities – Shapermint, for example, has four million members – who are encouraged to share their photos using shapewear across various social media platforms. Skims’ inclusive strategy, which includes varied ad campaigns and a wide assortment of items in all shapes and colors, has also made it popular with millennials. They have one of the broadest size ranges (XXS to 4X) and a wide selection of skin tones to accommodate people of all ethnicities.

Women nowadays expect work-life flexibility intimates that may keep their bodies in tip-top form and make them appear attractive. Many firms are examining this as a customer-centric strategy and expanding their product portfolios to include lighter, firmer, and more practical products for everyday use throughout the year.

Shapewear Market Segmentation

Grand View Research has segmented the global shapewear market on the basis of end-user, distribution channel, and region:

Based on the End-user Insights, the market is segmented into Male, and Female.

• The female segment dominated the market and accounted for the largest revenue share of 94.0% in 2020. The segment is primarily driven by advancements in shapewear fabrics and an increase in product launches for females.

• Females nowadays are demanding work-life flexibility intimates, which can keep their bodies in perfect shape and make them look appealing. Many brands are analyzing this as a customer-centric approach and expanding their product portfolios which are lighter, firm, and convenient for everyday use, for all the seasons.

Based on the Distribution Channel Insights, the market is segmented into Hypermarkets & Supermarkets, Specialty Stores, Online, and Others.

• The specialty stores segment dominated the market and accounted for the largest revenue share of 58.4% in 2020. An increasing number of apparel retail outlets, especially in emerging countries like India, China, and Brazil is expected to have a positive impact on market growth.
  
  
• The online segment is anticipated to witness significant CAGR over the forecast period. The rise of the online segment can be ascribed to technical improvements and the increasing importance given to online platforms for purchasing surfing apparel and accessories, particularly by consumers looking for bargains.

Shapewear Regional Outlook

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

Key Companies Profile & Market Share Insights

To increase their presence and strengthen their position in the market, businesses depend on strategic alliances. In the near future, reputable companies are likely to partner with small and medium-sized businesses to expand their shapewear product offers. For instance, Sankom Switzerland has produced an exclusive range of shapewear laced with aloe vera, which is antimicrobial and allows shapewear to calm the body. In addition, Skins International has introduced a line of compression clothing that is infused with fabric that is warp knitted with several fine quality yarns for enhanced performance. Some of the prominent players in the shapewear market include:

• Nike, Inc.
• Adidas AG
• Spanx Inc.
• Triumph International Corporation
• Leonisa
• Wacoal America, Inc.
• Ann Chery
• 2XU Pty. Ltd.
• Under Armour Inc.
• Skins International Trading AG

Order a free sample PDF of the Shapewear 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:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

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:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter