Skin Barrier Products Market is Anticipated to Witness High Growth Owing to Increasing Prevalence of Skin Diseases
Skin Barrier Products Market |
The global Skin Barrier Products
market overview describes a group of products designed to protect and restore
the skin’s natural barrier function. Skin barrier products include creams, lotions,
ointments, and serums containing ingredients like ceramides, fatty acids, and
cholesterol that help restructure the lipid layers of the epidermis. These
restorative agents mimic the skin’s natural moisturizing factors to strengthen
barrier integrity and prevent moisture loss. Such products find widespread
application in the treatment of dry skin, eczema, dermatitis, and other
inflammatory skin conditions. The need for skin barrier therapies arises due to
various environmental stresses, skin disorders, and aging that compromise the
skin’s protective abilities. The global Skin Barrier Products market is
estimated to be valued at US$ 1225.66 Mn
in 2024 and is expected to exhibit a CAGR
of 4.2% over the forecast period of 2024 to 2030.
Key Takeaways
Key players operating in the Skin
Barrier Products market are Thermo Fisher Scientific Inc. (US), Merck KGaA
(Germany), Danaher (US), Becton, Dickinson and Company (US), Bio-Rad
Laboratories (US), PerkinElmer (US), Agilent Technologies (US), Promega Corporation
(US), Cell Biolabs (US), Miltenyi Biotec (Germany), STEMCELL Technologies
(Canada), Bio-Techne Corporation (US), FUJIFILM Holdings Corporation (Japan),
Charles River Laboratories (US), HemoGenix Inc. (US), Lonza Group
(Switzerland), Takara Bio Inc. (Japan), Creative Bioarray (US), AAT Bioquest,
Inc. (US), BPS Bioscience, Inc. (US), Enzo Biochem (US), PromoCell GmbH
(Germany), Biotium (US), Geno Technology (US), Abcam plc (UK), and ReachBio
Research Labs (US).
Growing demand for skin barrier
therapies to treat various inflammatory dermatological conditions like atopic
dermatitis and psoriasis is expected to drive market growth. According to
studies, over 30% of the global population suffers from dry skin conditions
requiring moisturizing treatments.
Leading players are expanding
their presence in emerging regions through acquisitions and partnerships. For
instance, ReachBio partnered with Stemcell Technologies to distribute research
kits in East Asia. Meanwhile, Merck KGaA acquired skin microbiome company Stratophase
to broaden its innovative solutions portfolio.
Market drivers
The increasing incidence of skin
disorders due to pollution, unhealthy lifestyles, and genetic predispositions
is a key driver for the skin barrier products market. According to WHO, over
100 million people globally have eczema, a persistent condition characterized
by inflammation and itching. The aging population also contributes to growth as
skin repair abilities reduce with age. Moreover, rising awareness about
maintaining skin health and using preventive medicines will stimulate product
demand.
The current geopolitical
situation is significantly impacting the growth of the Skin
Barrier Products market. The ongoing Russia-Ukraine war and rising
tensions between major economies like the US, China and European nations has
disrupted global supply chains. Russia and Ukraine are major suppliers of raw
materials used in skin care products like ceramides, fatty alcohols, glycerin
etc. The war has restricted exports from these countries, creating shortages
and driving up prices of these essential inputs globally. Manufacturers are
facing challenges in procuring critical inputs at reasonable costs. This is
negatively impacting their production volumes and ability to cater to growing
demand. Furthermore, economic sanctions on Russia by Western nations have led
to currency volatility and financial instability in Eastern Europe and Central
Asian countries. The purchasing power of consumers in these regions has taken a
hit, reducing their spending on non-essential items like skin care products. To
overcome these challenges, companies in the skin barrier products market need
to diversify their sourcing base and establish alternative supplier
relationships in non-European markets. They also need to develop cost effective
product formulations using locally available raw materials to minimize import
dependence. Strategic partnerships and contract manufacturing agreements can
help companies obtain security of critical supplies.
Geographically, the Europe region
accounts for the largest share of the global skin barrier products market in
terms of value. Countries like Germany, UK, France have well-established
cosmetics industries and a widespread culture of personal care. The rising
health concerns among European consumers regarding skin issues like dryness,
aging, acne etc and growing awareness about usage of specialized skin care
regimes have driven market growth. However, the ongoing war has disrupted
business environments in Eastern European markets to an extent. The Asia
Pacific region is projected to be the fastest growing market for skin barrier
products during the forecast period. This is attributed to improving standards
of living, rising disposable incomes, growing fashion & beauty
consciousness among consumers in developing countries like China, India.
Evolving lifestyles and hot & humid climates increasing prevalence of skin
problems further supports market expansion.
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