The global market for plant stem cells is expected to grow at a CAGR of 8.5% during the forecast period of 2023 to 2030. Plant stem cells are cells that have not yet undergone any sort of differentiation and can be found in the meristems of plants. Gemmotherapy is another name for the treatment of diseases using plant stem cells. These stem cells find usage in a wide variety of applications, including those dealing with protein therapy, health care, and skincare. The market for plant stem cells is still in its infancy stage; nevertheless, it is anticipated that the demand for these products will rise as a result of a growth in the number of activities related to innovation and research. Free radicals can be neutralised and the effects of photoaging can be partially reversed with the help of botanicals that occur naturally. Products designed to treat the skin and hair frequently include the plant stem cell as an ingredient. The expansion of the plant stem cell market is projected to be constrained, however, by the high operational costs involved with the process of extracting and manufacturing products derived from plant stem cells.
Use Cases Present Positive Results
The medicinal Asian ginger plant is used to make refined ginger, which consists of active plant cells that are produced using a specific biotechnology that combines plant cell dedifferentiation with a plant cell culture to control the synthesis of active molecules within the cells. Refined ginger is then used to make refined ginger extract. A clinical study that was performed on 22 women and was reported on by the manufacturer indicated that there was an improvement of approximately 50% in skin structure by pore reduction as well as a mattifying effect that was revealed by a reduction of shininess by 15% after 6h and a reduction of sebum by 19% after 28 days. The study was performed in order to determine the efficacy of the product. The findings of in vitro tests have demonstrated an increase in the synthesis of elastin and fibres as well as a reduction in the rate of sebum production.
Extracts obtained from plant stem cells are currently used in the production of both regular consumer and professional cosmetics. Some examples of these extracts include arbutin obtained from Catharanthus roseus (rose periwinkle) and pigments obtained from Catharanthus roseus, such as safflower and saflorin (rose periwinkle). Anti-aging lotions with plant-based compounds made from Mirabilis jalapa and the Indian gooseberry fruit Phyllanthus Emblica are among the latest trends in the cosmetics industry, according to a study that was published in the journal 3 Biotech in July 2020 and titled "Plant stem cells and their applications, with a focus on commercially available products." This study found that anti-aging lotions are becoming increasingly popular. In addition, the production of a number of peppermint-based hair care products involves the utilisation of plant cell culture. There are a lot of companies in the cosmetics industry who claim their products incorporate stem cell technology. It is projected that the wide qualities of the stem in a variety of cosmetics, as well as the technology utilised by the leading players, will increase the segment over the course of the forecast period.
Increasing Demand for Skin Care Products
The market expansion has been fuelled by a number of factors, including an uptick in consumer interest in anti-aging, hair care, and skin care products. Research and development spending is receiving a lot of money from businesses in the hopes of developing new treatments for skin and hair conditions. The aging process can be slowed down and wrinkles on the skin can be smoothed out with the help of these products. The demand for skincare products has been bolstered by an increase in factors such as pollution in the air and water, the expansion of medical spas, and medical tourism. Because of its fast-expanding population, the Asia Pacific area is anticipated to have strong economic expansion. Increasing pollution in countries such as India, China, Indonesia, South Korea, and Japan, as well as an increase in the number of skin-related problems, and an increase in the amount of net disposable income are some of the factors driving the growth for plant stem cell products for cosmetics, and it is expected that these factors will continue to drive the growth for plant stem cell products for cosmetics in the foreseeable future.
Increasing Awareness about Plant Stem Cell Products
The need for plant stem cells has increased in the beauty business as a result of the multiple benefits that plant stem cells bring. Some of these benefits include skin rejuvenation, whitening, tanning, moisturising, and washings. According to the findings of a study published by the World Journal of Biological Chemistry in the month of July 2021, online direct-to-consumer marketing of stem cell therapies in Japan, 83% of websites in the Japanese online stem cell market promoted cosmetic procedures, while only 14% of websites in the U.S. did so. As a result of the rise in consumer interest, businesses in the cosmetics sector are increasing their expenditures on the investigation and creation of novel stem cell-based goods and applications. As a consequence of this, it is anticipated that the global market for plant stem cells will expand as the demand for anti-aging, hair care, and skincare products continues to rise. It is anticipated that the market will expand in the near future as a direct result of an increased interest among male consumers in cosmetics and aesthetics.
Increasing Product Launches to Create Significant Opportunities
Additionally, the increasing number of product launches that contain plant stem cells for topical application helps to protect skin stem cells from the effects of aging, which contributes to the expansion of the market for plant stem cells. Mibelle Biochemistry introduced their PhytoCellTec Malus Domestica Hair product in March of 2020. This product is a plant stem cell active component that is geared toward human hair stem cells. According to reports, the method shields the hair stem cells from the effects of premature ageing and loss. In addition, Tremotyx Biomedical Lab released in April 2019 an eczema therapy that is available without a prescription and is derived from plant stem cells. Millions of people in the United States who suffer from eczema will be helped by a new medication that is based on aloe vera.
Skin Repair Segment Leads the Application Segment
Due to the rising demand for organic and natural cosmetic products with anti-aging qualities and the increasing awareness connected to plant stem cell-based skin repair cosmetic goods, the skin repair market was observed to be the largest market in 2021 and accounted for the market share of 25%. The technology behind plant stem cells is a crucial part of this field, and it is currently the subject of a substantial amount of study while also raising awareness among consumer groups. It is claimed that technology based on plant stem cells can manage the ageing process and even turn it around by tapping into the regenerative potential of stem cells. The cosmetics industry is currently seeing a surge in popularity for products that are made using herbal ingredients. Ancient herbs, plants, and other types of vegetation that have survived the passage of centuries while being on the verge of extinction are increasingly being investigated for their qualities and the possible benefits they could offer in terms of aesthetics. It has been demonstrated that Swiss Apple, Grapes, and Edelweiss are effective in delaying the onset of aging as well as turning back the clock on its effects. Stem cells obtained from these plants are currently being included into a number of innovative cosmetics and topical therapies. The world's largest cosmetic companies are pursuing more research programmes and clinical studies in order to investigate additional plant stem cells that have anti-aging capabilities. Because of the high demand for enhancing natural skin colour in countries in Asia, the Middle East, and Latin America, as well as the fact that climatic changes have increased the number of cases of skin pigmentation caused by UV rays, the radiance of the skin was observed to be the market segment that grew at the fastest rate over the course of the forecast period.
North America Leads in terms of Revenues, APAC to Emerge as an Opportunity Market
The market is currently dominated by North America, and this trend is anticipated to continue throughout the forecast period. The sophisticated technology that permits plant culture and component extraction research is the primary factor behind North America's dominance of the plant stem cell market during the course of the forecast period 2023 to 2030. The expansion of the market for plant stem cells is being driven in part by the growing demand for products that are obtained naturally as well as the increased level of consumer awareness in developed countries. The expansion of the use of plant stem cells across a variety of sectors is expected to be the primary driver of market growth in North America. Because of the high level of public awareness, the growing health consciousness, and the demand that is produced from both the young and the adult population, the U.S. is one of the greatest markets for organic products. During the course of the forecast period, the demand for natural and organic products in the Asia-Pacific region is expected to experience exponential growth. As a result, the Asia-Pacific market should be targeted throughout the course of time as the restrictions concerning plant stem cell technology become more stringent. This is because the market will contain genuine makers of cosmetics and nutrition products. The level of consumer literacy is the most important element, particularly in Asia, where many people are ignorant about the qualities and advantages of goods based on plant stem cells.
Market Remains Moderately Consolidated, However, Competitive Dynamics are Expected to Change During the Forecast Period
The market is moderately consolidated; however, large scale companies dominate it to a considerable extent. These companies' primary business strategies include engaging in strategic acquisitions such as collaborations to acquire market share, launching new products, investing in research and development, forming partnerships and joint ventures, and branding and promoting their products and services. Aidan Products LLC has introduced a line of nutraceutical supplements that are both of excellent quality and novel design. Oriflame Cosmetics Worldwide SA, MyChelleDermaceuticals, Oriflame, PhytoScienceSdnBhd, Natura Therapeutics, Mibelle Biochemistry Inc, Aidan Products LLC, and Renature Skin Care Inc. are the key players active in the global plant stem cell for cosmetics market. The market for plant stem cells is moderately competitive.
Research and development efforts are currently the primary focus of the most significant market participants in order to facilitate the introduction of novel plant stem cell products. However, in order to expand their product portfolio, the major market players are concentrating their efforts on a variety of business strategies, such as the launch of new products. For example, in March of 2019, Mibelle Biochemistry announced the launch of PhytoCellTec Goji, a new active component that is manufactured from the stem cells of the goji plant. PhytoCellTec Goji enhances exosome connection. As a result, it is anticipated that the market would expand throughout the course of the forecast in the region due to all of the aforementioned causes.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Plant Stem Cells market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Key questions answered in this report
