SEATTLE, April 10, 2018 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global snail beauty products market was valued at US$ 314.2 million in 2016 and is projected to witness a CAGR of 11.22% over the forecast period (2018–2025). Growth of the global snail beauty products market is attributed to multiple skin care benefits offered by snail extracts or snail mucus such as aiding in slowing skin aging. Increasing consumer preference towards natural cosmetic products is projected to aid in growth of the snail beauty products market, globally.
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Key Trends and Analysis of the Snail Beauty Products Market:
- Among product types, anti-ageing cream segment held the largest market share in the global snail beauty products market in 2016 and the segment is projected to retain its dominance throughout the forecast period. Snail extract contains glycoprotein enzymes and vitamin E, which offers benefits in slowing skin ageing. Therefore, leading anti-ageing product manufacturers are focusing on integrating snail mucus in anti-ageing creams. In February 2018, BVain 2X Skin Sauce launched a new snail extract-based wrinkle resurfacing and advanced scar removal cream, which is effective for skin issues such as wrinkles, acne scars, and skin burns.
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Key Market Takeaways:
- Asia Pacific accounted for the largest market share in global snail beauty products market in 2016. Leading cosmetic ingredient manufacturers such as Clariant AG and Croda International PLC are focusing on expanding their presence in skincare products market in Asia Pacific. In April 2016, Clariant AG acquired 17% stakes in BioSpectrum Incorporated, which is leading developer of specialty active cosmetics ingredients in South Korea. Through this acquisition, Clariant AG could access BioSpectrum’s innovative active ingredients including snail slims or mucus. Such activities are creating a conducive environment for growth of snail beauty products market in Asia Pacific.
- Leading players in global snail beauty products market are investing significantly to enhance their presence in North America. For instance, in January 2018, Elicina, a Chile-based company, launched a new website for selling its products in the region, in order to cater to rising demand for snail extracts-based creams in North America.
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