Canada Microbiome Skincare Products Market Size & Outlook
Canada microbiome skincare products market, 2018-2030 (US$M)
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Canada microbiome skincare products market highlights
- The Canada microbiome skincare products market generated a revenue of USD 20.8 million in 2023 and is expected to reach USD 38.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 9% from 2024 to 2030.
- In terms of segment, creams was the largest revenue generating product in 2023.
- Serums is the most lucrative product segment registering the fastest growth during the forecast period.
Microbiome skincare products market data book summary
| Market revenue in 2023 | USD 20.8 million |
| Market revenue in 2030 | USD 38.1 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Creams |
| Fastest growing segment | Serums |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Serums, Creams, Masks |
| Key market players worldwide | L'Oreal SA, Unilever PLC, BioGaia AB Class B, AMOREPACIFIC, Amyris, Missha, Eminence Organics, Aveeno, Elizabeth Arden, Glowbiotics, Gallinée |
Other key industry trends
- In terms of revenue, Canada accounted for 5.1% of the global microbiome skincare products market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. microbiome skincare products market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 277.6 million by 2030.
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Microbiome Skincare Products Market Scope
Microbiome Skincare Products Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada microbiome skincare products market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to microbiome skincare products market will help companies and investors design strategic landscapes.
Creams was the largest segment with a revenue share of 39.42% in 2023. Horizon Databook has segmented the Canada microbiome skincare products market based on serums, creams, masks covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Canadian Dermatology Association (CDA) 2023, 5.6 million (20%) of the Canadian population aged between 20 and 40 years of age suffer from acne. More than 80% of acne sufferers are between the ages of 12 and 24 years. This can be attributed to various factors, such as urbanization and lifestyle changes leading to changing food habits.
Another study by the CDA stated that acne increased the risk of developing clinical depression by 63% in the first year following an acne diagnosis; this risk remained elevated for five years after the initial acne diagnosis.
A Canadian study of nearly 500 patients with acne, published in the British Journal of Dermatology 2018, found that even mild acne can create feelings of low self-esteem, depression, and suicidal thoughts.
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Our clientele includes a mix of microbiome skincare products market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada microbiome skincare products market , including forecasts for subscribers. This country databook contains high-level insights into Canada microbiome skincare products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada microbiome skincare products market size, by product, 2018-2030 (US$M)
Canada Microbiome Skincare Products Market Outlook Share, 2023 & 2030 (US$M)
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