The global snail beauty products market was valued at US$ 314.2 million in 2016 and is expected to reach US$ 769.5 million by 2025, at a CAGR of 10.82% during the forecast period (2017–2025), according to a Global Snail Beauty Products Market Report by Product Type (Cell Renewal Cream, Multi-Function Cream, Anti-Acne Cream, Sheet Masks, Anti-Ageing Cream, Anti-Wrinkle Cream, and Others), and by Distribution Channel (Supermarkets, Hypermarkets, Specialty Stores, Online, and Others).
Key drivers such as increasing demand for snail extracts by personal care industry, shifting end users preference towards natural skincare ingredients, and increasing integration of technologically advanced processes in snail extraction such as use of pipette tips fuelled by continuous research, increasing awareness about advantages of snail beauty products coupled with rapid adoption of them in curing skin diseases such as acne, wrinkles across the globe are fueling growth of the global snail beauty products market throughout the forecast period. However, low shelf life of snail extracts may have negative impact on growth of snail beauty products market. The impact of this restrain is projected to become less 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 it into powdered form.
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Browse 150 market data tables* and 60 figures* on "Snail Beauty Products Market” - Global forecast to 2025.
Key Trends and Analysis of the Snail Beauty Products Market:
- Based on product type, anti-ageing cream segment accounted for highest revenue share in global Snail Beauty Products market in 2016. The segment is expected to retain its dominance over the forecast period. Snail extracts are enriched especially in glycoprotein enzymes and vitamin E that softens skin. Moreover, naturally appearing glyconic acid in snail extracts helps to improve skin health by eliminating dead skin cells. This factors are propelling demand for snail extracts into anti-ageing creams and are playing 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 global snail beauty products market. Variety of snail beauty products are available on 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:
- According to study, Asia Pacific held highest revenue share in global snail beauty products market in 2016. In Asia Pacific, South Korea was the leading contributor in growth of regional snail beauty products market. High presence of snail cream and gel manufacturers and extensive research in snail farming in the region are key drivers fueling growth of the regional snail beauty products market. In 2015, Thailand scientist discovered two new species of psychedelic yellow tree snails whose antioxidants and anti-inflammatory properties are effectively used for development of new skincare products.
- North America is projected to be the fastest growing region in global snail beauty products market by witnessing a CAGR of 11.23% throughout the forecast period. The 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 to increase customer base into U.S. For instance, CVS Pharmacy has loaded 1200 retail stores with snail beauty products all over the country.
Major players operating in the field of snail products include Mizon, KENRA Professional, DRAN Co. Ltd, and COSRX among others.