Skin barrier products are protective layers and care products applied to the skin to protect and nourish it. 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 2024 to 2030.
Key Takeaways
Key players: 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: Skin barrier products play an essential role in repairing damaged skin. The rising demand for skincare and personal care products amid changing lifestyle and availability of diverse product variants have propelled the demand for skin barrier products. Moreover, the growing occurrence of skin diseases has necessitated effective protection and nourishment of the skin barrier.
Global expansion: Key players in the market have strengthened their global footprint through expansions, partnerships, and collaboration efforts. They are expanding their product portfolio and global presence especially in emerging economies of Asia Pacific and Latin America to tap the growth opportunities in developing markets.
Market key trends
Technological innovations are transforming the skin barrier products landscape. Advanced formulations including probiotics, peptides, hyaluronic acid, ceramides etc. are being developed to mimic the skin’s natural barrier function more effectively. In addition, the usage of natural and organic ingredients in products is gaining prominence. Sustainable and eco-friendly packaging solutions are also being adopted by manufacturers to increase consumer appeal.
Porter’s Analysis
Threat of new entrants: Low barrier of entry in terms of technology and capital requirement for entry.
Bargaining power of buyers: Moderate bargaining power of hospital/research institute buyers due to availability of substitutes.
Bargaining power of suppliers: High bargaining power of raw material suppliers due to limited availability of quality raw materials.
Threat of new substitutes: Low threat due to specialized nature and focus on skin barrier health.
Competitive rivalry: High competition between established players.
Geographical Regions
North America accounts for the largest share in skin barrier products market owing to growing awareness about skin health and increasing healthcare expenditure in the region.
Asia Pacific is expected to witness the fastest growth during the forecast period due to rise in disposable income, growing middle class population and their willingness to spend on skin care products.
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.