Plant Stem Cell Market Overview 2030:
Plant stem cell is innately undifferentiated cell located in the meristems of a plant. They serve as the origin of plant vitality, as they maintain themselves while providing a steady supply of precursor cells to form differentiated tissues and organs in the plant. Two distinct areas of stem cells are recognized, the apical meristem and the lateral meristem.
Plant stem cells are characterized by two distinctive properties, the ability to create all differentiated cell types and the ability to self-renew such that the number of stem cells is maintained. Plant stem cells never undergo aging process but immortally give rise to new specialized and unspecialized cells, and they have the potential to grow into any organ, tissue, or cell in the body.
COVID-19 Impact Analysis.
- COVID-19 is an infectious disease that originated in the Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since its outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
- Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, the pharmaceutical and biotechnology industries are expected to witness a significant growth in the future, owing to the demand for vaccine and treatment drugs for COVID-19. This, in turn, is expected to have a significant impact on the plant stem cell market.
- There has been increase in demand for nutritional products since the rise of COVID-19 as proper nutrition is required for gaining proper immunity. Demand for cosmetics has also increased among men, which is anticipated to drive the growth of the plant stem cell market.
- Many of the plant stem cell supplements rejuvenate the cellular system and repair tissue, this makes demand for the plant stem cell products rise. Plant stem cells are now widely used in cosmetic market, as they have the ability to protect skin and are used in skin care products. Thus, COVID-19 is anticipated to have a neutral impact on the plant stem cell market.
Top Impacting Factors
- The demand for plant stem cells has increased in the cosmetic industry owing to various advantages it offers such as whitening, tanning, moisturizing, washings, and skin rejuvenation. Increased product launches with plant stem cells for topical use help in protecting skin stem cells from aging, and hence this factor helps in boosting the plant stem cell market growth. Increase in demand for natural compounds among the populace, acts as a major driver for the plant stem cell market. Apart from this, other factors like technological advancements and increase in the R&D on different plants to assess their uses and high demand for natural compounds are some major factors that is expected to boostthe growth of the global plant stem cell market.
- Products with positive results for use in cosmetic industry have led to development of novel skincare and hair therapies that are eco-friendly and free from any contamination. Therefore, increase in demand for anti-aging, hair care, and skincare products is also expected to propel growth of the global plant stem cell market. Cosmetics and aesthetics gaining popularity across male consumers, the market is expected to have greater opportunities to gain from in the near future.
- High operational cost with the extracting and manufacturing of plant stem cell products is expected to restrain the plant stem cell market growth of plant stem cell market.
Market Trends
The plant stem cell market is still at a nascent stage and is getting continuously upgraded with innovations and researches exploring their capacity to cater to the market. According to the recent researches, naturally occurring botanicals contain high antioxidant levels and can protect human skin from UV-induced oxidative stress. In addition, they neutralize free radicals and help in reversing the effects of photoaging. Spurred by these factors, the demand for natural compounds is expected to surge, thereby, boosting the global plant stem cell market.
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 can benefit millions of American citizens suffering from eczema.
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.
Surge of Use in Cosmetics
Plant regeneration at the cellular and tissue level is a unique process. Similar to animals, the stem cells in plants have properties that help stimulate and regenerate plants after injury. The unique properties of plant stem cells have been a recent area of interest and focus both in developing new cosmetics and studying how these extracts/phytohormones will influence animal skin. This special report focuses on the current evidence-based trends in plant stem cell-based cosmetics and sheds light on the challenges that we need to overcome in order to see meaningful changes in human skin using topical cosmetics derived from plant stem cells.
Key Players Engaged in Plant Stem Cell Market
Some of the major players in the plant stem cell market are Oriflame Holding AG, MyChelleDermaceuticals, LLC, Natura Therapeutics Inc, Aidan Products LLC, Mibelle Biochemistry, Phyto Science SDN BHD, and Renature Skin Care Inc.
Key Benefits of the Report
- The report contains detailed analysis of the plant stem cell market for the forecast period.
- The report provides key insights about the drivers, restraints, opportunities, and new product launches by the key players.
- Report provides analysis of plant stem cell market segment &subsegment, its trends, and recent development &technological inventions.
- This report helps the new aspirants to inspect the forthcoming opportunities in the plant stem cell industry. Investors can get a clear idea of the dominant plant stem cell players and their future forecasts.
Questions answered in the Plant Stem Cell Market Report
- What is plant stem cell market?
- What is the size of the global plant stem cell market?
- What is growth rate of market?
- What are the major drivers of the market?
- What are the future strategic steps in the market?
- What are the current trends and developments in the plant stem cell market?
- Who are the major end users of the market?
- Who are the key industrial players?
- What are the major restraints of the market?
- What is the major regional market of plant stem cells?
Plant Stem Cell Market, by Location Report Highlights
| Aspects | Details |
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 Key Market Players | Phyto Science SDN BHD, MyChelleDermaceuticals, LLC, Renature Skin Care Inc., Oriflame Holding AG, Mibelle Biochemistry, Aidan Products LLC, Natura Therapeutics Inc |
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