The North America DNA-based Skin Care Products Market is expected to witness market growth of 9.4% CAGR during the forecast period (2021-2027).
The DNA-based skincare market is likely to witness bright growth prospects due to the increasing influence of media and the tourism market, and reducing the cost of genetic diagnostics that led to the massive potential of skincare customized to one’s DNA and lifestyle. Intrinsic skin aging is responsible for 3/5 of skin damage, while the remaining 2/5 is because of external aspects and lifestyle.
Moreover, many key market players are aiming to develop cost-effective and innovative products, which is expected to be a significant driver for the DNA-based skincare market. In addition, these players are also putting high investment in personalized medicine that is likely to be the future of healthcare. Conversely, the growth of the DNA-based skincare market is expected to be hindered due to the factors like huge cost of treatment, the early phase of technology, and less amount of awareness in under-developed countries.
The region is home to some of the most developed countries such as the US and Canada that are witnessing high demand for customized wellness products. Moreover, the government of this region is supportive of R&D activities that are constantly developing new DNA-based skincare products. The high wellness spending, massive per capita income and being the hub for global wellness tourism are some of the factors that are boosting the demand & growth of these products in the regional market.
In addition, the presence of major market players in this region is fuelling the growth of the regional market. Moreover, the growth of the regional market is expected to augment due to the growing preferences of consumers towards tailored skincare products. In addition, consumers in the US and Canada are inclined to the major e-commerce platforms such as Amazon and Sephora to purchase skincare items as these platforms provide various features like a simple return policy and free home delivery. Thus, these factors is expected to further fuel the demand & growth of DNA-based skincare products in the regional market.
The USA market dominated the North America Serums Market by Country in 2020, and is expected to continue to be a dominant market till 2027; thereby, achieving a market value of $940.4 million by 2027. The Canada market is experiencing a CAGR of 10.3% during (2021 - 2027). Additionally, The Mexico market is expected to witness a CAGR of 12.4% 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 U.S., Mexico, Canada, and Rest of North America.
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.
Scope of the Study
Market Segments Covered in the Report:
By Products
- Serums
- Creams
- Other Products
By Distribution Channels
- Online
- Offline
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Imagene Labs Private Limited (Asia Genomics)
- Caligenix, Inc.
- EpigenCare Inc.
- Allogenic AB (ALLÉL®)
- LifeNome Inc.
- SkinDNA Clinics
- Anake
- Skinshift
- DNA Skin Institute
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Companies Mentioned
- Imagene Labs Private Limited (Asia Genomics)
- Caligenix, Inc.
- EpigenCare Inc.
- Allogenic AB (ALLÉL®)
- LifeNome Inc.
- SkinDNA Clinics
- Anake
- Skinshift
- DNA Skin Institute
Methodology
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