he Global Skin Fibre Market is estimated to be valued at US$ 950.52 Mn in 2024
The global skin fibre market comprises various fibres that play a critical role in anti-aging and rejuvenating skin properties. Skin fibres are extracted from various plant and animal sources through fermentation and chemical processes. They are widely used in anti-wrinkle creams, sunscreens, moisturizers, and other skincare products due to their collagen-boosting properties. Skin ageing leads to a loss of collagen in the dermis layer of the skin, resulting in wrinkles, fine lines and sagging. Skin fibres help promote collagen synthesis and strengthen skin structure. They also offer hydrating and antioxidant benefits. The growing geriatric population, increasing awareness about premature skin ageing, and rising spending on personal care products are propelling the demand for anti-ageing skincare globally.
The Global Skin Fibre Market is estimated to be valued at US$ 950.52 Mn in 2024 and is expected to exhibit a CAGR of 3.1% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the skin fibre market are TSI Group Ltd., Qingdao Wan Toulmin Biological Products Co., Ltd, HeBei SanXin Industrial Group, Bioiberica S.A.U., Sigma-Aldrich, Inc., Sino Siam Biotechnique Company Limited, Bio-gen Extracts Private Limited, SEIKAGAKU CORPORATION, BRF, and ZPD. TSI Group and Qingdao Wan Toulmin are leaders in skin fibre extraction and supply.
Significant opportunities exist in the anti-aging skin care segment led by the booming wellness industry and shifting consumer preferences towards natural ingredients. Developing high-quality anti-aging cosmetic products incorporating skin fibres can be lucrative for personal care brands.
Key global players are focusing on geographic expansion and collaborating with local players to meet the growing demand from Japan, North America, Western Europe and the Asia Pacific. Emerging countries are expected to witness immense growth opportunities owing to rising disposable incomes and growing middle-class population.
Market Drivers
The major driver for the Skin Fibre Market Demand is the expanding anti-aging products industry. As more people are opting for cosmetic procedures to delay skin aging, the demand for highly effective anti-aging ingredients like skin fibres has increased substantially over the past decade. According to industry reports, the global anti-aging market was valued at over $250 billion in 2021 and is projected to grow at 5-7% annually till 2030.
Market Restraints
High costs associated with natural skin fibre extraction from plant and animal sources is a major restraint for the global market. Additionally, stringent regulations pertaining to new product formulation and marketing in personal care also hampers faster innovation and limits market players’ growth opportunities. Supply chain issues arising due to pandemic situations impact the availability of skin fibres.
Segment Analysis
The Skin Fibre market is dominated by the silk fibre sub segment,accounting for around 35% of the overall market share. Silk fibres possess properties such as smoothness,softness and breathability which makes it suitable for use in premium beauty and cosmetic products.Silk is sourced from silkworm cocoons and offers a luxurious feel to skin care products. It is widely used in anti – aging creams and serums owing to its moisturizing benefits.
Global Analysis
The Asia Pacific region holds the largest share in the global Skin Fibre market and is expected to maintain its dominance during the forecast period. Countries like China,India and South Korea are major producers and consumers of silk – a key type of skin fibre. Growing awareness about skin care coupled with rising disposable incomes in Asia Pacific is supporting the increased adoption of premium beauty products containing silk and other natural fibres. North America is another major skin fibre market fueled by the presence of leading cosmetic brands and strong R&D activities centered on developing advanced skin care solutions.
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