Mushroom Cosmetics- Market Scope
The Mushroom Cosmetics is Innovations in extraction method and the incorporation of the fungi-based ingredients in to beauty formulations and cosmetics. Mushrooms has been valued as a traditional source of natural bioactive compounds for centuries and have recently been exploited for potential components in the cosmetics industry. Mushrooms are rich source of nutrients and antioxidants and used to traditional medicine to treat various diseases .it is used to for the skincare and haircare etc.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Origins Natural Resources, Inc. (United States), Shroom Skincare (United States), Neon Hippie (United States), Herbivore Botanicals (United States), MÁDARA Cosmetics (Europe), The Switch Fix (India) and Groh Beauty Corp (United States) |
CAGR | 5.6% |
The Mushroom cosmetics are highly competitive with numerous players ranging from the established cosmetics company to niche natural skincare brands key players market are focusing on product innovation and expanding their network and leveranging marketing. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Mushroom Cosmetics- market throughout the predicted period.
Origins Natural Resources, Inc. (United States), Shroom Skincare (United States), Neon Hippie (United States), Herbivore Botanicals (United States), MÁDARA Cosmetics (Europe), The Switch Fix (India) and Groh Beauty Corp (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Shikohin (California), Shiseido Co., Ltd. (Japan) and Gnome Wellness (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Mushroom Cosmetics- market by Type and Region with country level break-up.
On the basis of geography, the market of Mushroom Cosmetics- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In December 2021, The Switch Fix partnered with Shroomery to launch Magic Shrooms, a range of hair care products featuring mushrooms. The products are aimed at addressing scalp health, combating environmental stresses, and promoting sustainability. The collaboration aims to introduce mushrooms as a beneficial ingredient for scalp and hair health. The range includes a shampoo bar, conditioner bar, scalp serum, and hair mask bar, all crafted using mushrooms for their anti-hyaluronidase properties.
In February 2022, iLABS has launched three products based on the trending ingredient snow mushroom the company snow mushroom help to hydrate skin and act as natural alternative to hyaluronic acid with anti-inflammatory properties and skin barrier benefits
Influencing Trend:
Increasing consumer awareness and demand for clean and non toxic skin products are driving the growth of mushroom beauty products and Mushroom with specific health benefits and immune boosters are gaining popularity in beauty product
Market Growth Drivers:
Growing interest in natural and organic products and Increasing awareness of the benefits of mushroom extract and beauty skincare
Challenges:
Mushroom are very delicate owning to short lifespan and High Demand of mushroom market
Restraints:
Competition from synthetic skincare product that offer immediate result and connivence and Limited availability of the certain mushroom species leading to higher price of the product rare or exotic mushroom
Opportunities:
Expansion to emerging markets and Focus on Sustainability and ecofriendly Practices
Key Target Audience
Manufacturing, suppliers, providers and Others