Plant stem cell market is fastest growing segment fueling growth of the plant stem cell market

 

Plant stem cells hold potential to regenerate damaged or aged skin. They help stimulate collagen production and reduce signs of aging like wrinkles and fine lines. Being natural, they have no side effects unlike other skin care products.

The Plant Stem Cell Market is estimated to be valued at US$ 404.57 Mn in 2023 and is expected to exhibit a CAGR of 8.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the major trend in the plant stem cell market is its usage in anti-aging skin care products. Plant stem cells help reduce signs of aging and rejuvenate skin due to their ability to stimulate collagen production. They also improve skin firmness, texture and reduce appearance of wrinkles. Rising consumer preference for natural and organic skin care products is further fueling the demand for plant stem cell based anti-aging creams and serums. Growing health and wellness trend among consumers is also propelling the growth of global plant stem cell market during the forecast period.

Segment Analysis
Content: The global plant stem cell market is segmented by application into skin care, cosmetics, and others. The skin care segment dominates the market due to the increasing utilization of plant stem cells in anti-aging creams, serums, and face masks. Plant stem cells aid in rejuvenating skin cells and reducing signs of aging like wrinkles, fine lines, and age spots. This makes the skin care segment highly lucrative for market players.

Key Takeaways
Content: The global plant stem cell market is expected to witness high growth, exhibiting a CAGR of 8.9% over the forecast period, due to increasing consumer preference for plant-based skin care and cosmetic products.

Regional analysis: North America holds the largest share in the global plant stem cell market, owing to rising health and wellness trend and presence of leading cosmetics companies in the region. Asia Pacific is expected to grow at the fastest pace during the forecast period due to growing middle-class population, increasing disposable income, and shifting consumer preference towards herbal cosmetic products in countries like China and India.

Key players: Key players operating in the plant stem cell market are Oriflame Holding AG, MyChelleDermaceuticals LLC, Natura Therapeutics Inc., Aidan Products LLC, Mibelle Biochemistry, Phyto Science SDN BHD, and Renature Skin Care Inc. Oriflame Holding AG holds a significant share in the market due to its worldwide presence and huge product portfolio.

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