DNA Based Skin Care Products Global Market Report 2023

NEW YORK, March 1, 2023 /PRNewswire/ -- Major players in the DNA based skin care products market are Targeted DNA, Caligenix Inc., EpigenCare Inc., Allel, SkinDNA, SkinShift, Anake, Genetic Beauty, DNA Skin Institute, LifeNome, Evergreen Health Solutions, SkinGenie, and Jinomz.

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The global dna based skin care products market grew from $6.05 billion in 2022 to $6.5 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The dna based skin care products market is expected to grow to $8.35 billion in 2027 at a CAGR of 6.5%.

The DNA-based skincare products market consists of sales of DNA-based skincare products that are used to identify skin's genetic weaknesses and strengths.Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers.

The value of goods in this market includes related services sold by the creators of the goods.

DNA skincare products use information gathered from the person's genetic makeup to prescribe the products, which helps in knowing the adverse effects of routine to counteract.These skincare products recommend remedies based on information acquired from genetic composition, as well as a routine to combat any negative consequences.

The DNA-based skincare products are used to clean the skin, preserve the moisture balance of the skin, stimulate skin metabolism, and protect the skin from harmful ultraviolet radiation.

North America was the largest region in the DNA based skin care products market in 2022.Asia-Pacific is expected to be the fastest-growing region in the forecast period.

The regions covered in the DNA based skin care products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of DNA-based skin care products are serums, creams, and others.A serum is a concentrated form of an active substance that tackles specific skincare issues.

The contents are potent and comprised of tiny molecules. The different end uses include home users, wellness clinics, and salons that are distributed through several channels such as online and offline.

The increasing demand for health and wellness products is expected to propel the growth of the DNA-based skin care products market going forward.Living a healthy lifestyle improves a person's appearance and well-being, and the health of the skin is an indicator of a person's overall health.

Using wellness care products in your daily routine helps in maintaining hygiene and helps in the prevention of catching and spreading germs and diseases.For example, in 2021, according to a live mint poll, more than 60% of consumers said they bought more health and wellness products, such as prescriptions and other wellness products.

Therefore, increasing expenditure on health and wellness products is driving the growth of the DNA-based skin care products market.

Technological advancements have emerged as the key trend gaining popularity in the DNA-based skin care products market.Major players operating in the DNA-based skin care products sector are focused on launching new technologies for market growth.

For instance, Caligenix, a US-based NextGen precision health biotech company, launched genomic-based wellness brands named Dermatype and Biotyp.By using AI (artificial intelligence) algorithms, genomic technologies, and diagnostic tests, they are matched to people's unique genomic DNA.

Dermatype is a complete skincare solution that includes product matching, a skin DNA test, and facial analysis powered by AI.

In March 2021, Invenio Genetics, a US-based not-for-profit health system, partnered with Imagine Labs for an undisclosed amount.The aim of the partnership is to bring inclusive genetic risk scores to the US market.

Imagine Labs is a Singapore-based genetics analysis platform that creates personalized products according to customers' DNA analysis.

The countries covered in the DNA based skin care products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The DNA based skin care products market research report is one of a series of new reports that provides DNA based skin care products market statistics, including DNA based skin care products industry global market size, regional shares, competitors with a DNA based skin care products market share, detailed DNA based skin care products market segments, market trends and opportunities, and any further data you may need to thrive in the DNA based skin care products industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

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