Snail Beauty Products Market Was Valued at US$ 555.9 Mn in 2022 - Coherent Market Insights

Global Snail Beauty Products Market was valued at US$ 555.9 Million in 2022 and is expected to reach US$ 1,232.7 Million by 2030, exhibiting CAGR of 10.47% during the forecast period (2023–2030). According to a Global snail beauty products market report, By Product Type (Cell Renewal Cream, Multi-functional Cream, Anti-acne Cream, Sheet Masks (Face Masks, Eye Masks, Others) Anti-aging Cream, Anti-wrinkle Cream, and Others), and By Distribution Channel (Supermarkets, Hypermarkets, Specialty Stores, Online, and Others). By Region (Asia Pacific, North America, Latin America, Middle East, Africa, Europe)

Rising demand for snail extracts/mucus by personal care industry, shifting end users/consumer preference towards natural skincare ingredients, and increasing integration of technologically advanced processes in snail extraction such as usage of pipette tips fuelled by continuous research, increasing awareness about advantages of snail beauty products coupled with rapid adoption of these products in curing skin diseases such as acne, and wrinkles across the globe are expected to drive growth of the global snail beauty products market throughout the forecast period. For instance, According to Ministry of Economy and Industry, in 2021, the cosmetics and personal care industry is one of the fastest growing consumer products sectors in India with a strong potential for foreign companies. The personal care and cosmetics sector in India has shown continued strong growth, with increasing shelf space in retail stores and boutiques in India, stocking cosmetics from around the world. Low shelf life of snail extracts can hamper growth of global snail beauty products market. This restraint can be overcome by using advanced technologies such as electric blender. Leading snail extracts traders such as Iris Natural International are taking efforts to improve shelf life of snail extracts by converting snail extracts into powdered form.  

Global Snail Beauty Products Market- Impact of Coronavirus (Covid-19) Pandemic

Covid-19 pandemic has both positive and negative impact on global snail beauty products. Offline distribution channels were shutdown such as hypermarkets, supermarkets. However, online distribution channel has seen growth in covid-19 pandemic and consumer preferred e-commerce platform for purchasing beauty products.

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https://www.coherentmarketinsights.com/market-insight/snail-beauty-products-market-1393

Key Trends and Analysis of Global Snail Beauty Products Market:

Based on product type, anti-aging cream segment accounted for highest revenue share 35% in global snail beauty products market in 2022. This  segment is expected to retain its dominance over the forecast period. Snail extracts are enriched  in glycoprotein enzymes and vitamin E that softens the skin. Moreover, glyconic acid is naturally present in snail extracts, and this helps in improving  skin health by eliminating dead skin cells. This factors are propelling demand for snail extracts in anti-aging creams, and are playing an important role in the growth of this segment in global snail beauty products market.

Based on distribution channel, online segment is projected to be the fastest growing segment in terms of purchasing in global snail beauty products market. Variety of snail beauty products are available in online stores. Due to reliable services and ease of payment, consumers are shifting their preference towards online stores for purchasing snail creams and gels. 

Key Takeaways of the Market:

Asia Pacific held highest revenue share 35% in global snail beauty products market in 2022. In Asia Pacific, South Korea was the leading contributor in growth of regional snail beauty products market. Presence of snail cream and gel manufacturers, and extensive research in snail farming in the region are the key drivers that are fueling growth of the regional snail beauty products market. In 2021, a Thailand scientist discovered two new species of psychedelic yellow tree snails whose antioxidants and anti-inflammatory properties are  used for development of new skincare products.

North America is projected to be the fastest growing region in global snail beauty products market by exhibiting a CAGR of 11.23% throughout the forecast period. This  trend is projected to remain same over the forecast period due to rapid penetration of snail beauty products through drug stores, cosmetic counters, and online stores into the region. Leading U.S. retailers are promoting snail slime based products in order to increase customer base in the  U.S. For instance, in 2021, CVS Pharmacy,  provided 1200 retail stores with snail beauty products all over the U.S.

Major players operating in the field of global snail beauty products include Mizon, COSRX, KENRA Professional, DRAN Co. Ltd., Owlcare Co. Ltd., and Laboratories Portugal S.R.L.,