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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Plant Stem Cell Market Overview

Plant stem cells are undifferentiated cells within the meristems of plants. Plant stem cells serve as the origin of plant vitality as they maintain themselves and provide a steady supply of precursor cells to form various tissues and organs in plants. Plant stem cells are characterized by two distinctive properties namely its ability to create differentiated cell types and to self-renew such that the number of stem cells remain stable. The plant stem cell market focuses on this ability of plant cells and thus, processed extracts from the buds, roots and shoots are in high demand and are widely used for topical uses.

Advancements in technology have led to use of either the regenerated plants developed by plant stem cells or the secondary metabolite created by the single cells during culturing. These have been proven beneficial for skin care and hair growth. Plant cell extracts are obtained through complex cultivation and extraction processes. Most preferred plant sources are alpine rose, grape, Swiss apple, edelweiss, gardenia, lilac, etc. Of these, the Swiss apple and grape are most widely used in the industry. Plant stem cells are more versatile and powerful than the whole plant. Hence, they are used in a wide range of applications. Their totipotent nature makes them a vital compound for various applications. Plant stem cell technology is mainly used in the cosmetics industry for manufacture of various skin and hair, among others.

Growing demand for natural compounds fueling the plant stem cell market growth

Plant stem cell is an emerging industry and growth is constantly spurted by various researches on different plants to explore their potential application in the market. Naturally occurring botanicals having antioxidant levels have the ability of protecting human skin cells from UV-induced oxidative stress and neutralize free radicals. Increase in demand for natural compounds among the populace, acts as a major driver for the plant stem cell market. Plant stem cell cultures with positive results for use in cosmetic industry have offered a wide range of opportunities for skin care and hair treatments that are contaminant free and use bio-sustainable products. Hence, rising demand for anti-aging, hair care, skin care, and other cosmetic products consequently fuel growth of the plant stem cell market.

Segmentation of plant stem cell market on basis of location and application

On the basis of location, the global plant stem cells market can be classified as root apical meristems, shoot apical meristems, and vascular meristems. The root and shoot meristems are the most dominant segments in the market. On the basis of application, the plant stem cell market can be classified as nutrition, pharmaceutical, and cosmetics. In the past, cosmetics and aesthetics were considered to be more women-concentrated fields. However, the potential male cosmetics products segment is an untapped opportunity for the plant stem cell market. 

Rise in demand for natural products in North America boost growth of the plant stem cell market

North America and Europe are major market for plant stem cell. The main factor is advanced technology that allows research on cultivation and extraction of components from plants. Also, rising demand for naturally-obtained products among the populace and increasing awareness contributes towards growth of the plant stem cell market in these developed regions. The plant stem cell industry highly dependent on research work. Increasing R&D activities and government funding is positioning Asia Pacific as a hub for research activities, in turn making it a potential market for plant stem cell. 

Key players engaged in plant stem cell market

Some of the major players in the market are Oriflame Holding AG, MyChelle Dermaceuticals, LLC, Natura Therapeutics Inc, Aidan Products LLC, Mibelle Biochemistry, Phyto Science SDN BHD, and Renature Skin Care Inc.

Key Developments

  1. Major players in the market are focused on various business strategies such as product launches, in order to gain competitive edge in the market. For instance, in April 2019, Tremotyx Biomedical Lab launched plant stem cell-based over-the-counter treatment for eczema. This new treatment is based on aloe vera, which will benefit millions of American citizens suffering from eczema.
  2. Major players in the market are focused on various business strategies such as product launches, in order to expand their product portfolio. For instance, in March 2019, Mibelle Biochemistry launched PhytoCellTec Goji, which is a novel active ingredient based on goji plant stem cells. PhytoCellTec Goji improves cell-to-cell communication via exosomes.
  3. Key companies in the market are focused on various business strategies such as product launches, in order to expand their product portfolio. For instance, in October 2018, Mibelle Biochemistry launched MossCellTec No. 1, which is a new active ingredient based on biotechnologically produced moss.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users