The market researcher predicts that the cosmeceutical market will grow at a CAGR of 7.7 per cent during 2012-2016, with the technology picking up traction, particularly in some Asian markets.
Plant stem cell technology reverses the signs of skin ageing through the power of cell regeneration. The epigenetic factors from these cells help to reduce the sign of ageing by regenerating the human stem cells.
It also helps in boosting the skin rejuvenation by maintaining and preserving the skin stem cells.
A brief history
The earliest plant stem cell research was done using a unique variety of apples in 18th-century Switzerland, which had been hybridized to store well without rot in the days before refrigeration.
The self-preserving nature of this plant, suggesting exceptional cell longevity, led to research that gave rise to early applications of plant stem cells for cosmetic use.
Some of the most popular plant cells used nowadays are edelweiss, gardenia and sea fennel, which all offer several benefits for the skin, such as effective protection from photo damage and oxidative stress.
Many leading cosmetic companies are now launching their products by using plant stem cell technology due to the rising demand for advanced skin care products in the market.
According to the research report, "Global Cosmeceuticals Market Outlook 2016" by RNCOS, the market is witnessing significant growth on the back of ageing baby boomer generation, increasing disposable income and rising aspirations of the younger generation to enjoy beautiful and young-looking skin.
The market is propelling due to rising opportunities in the developing countries, such as India and China, although the developing markets such as the US, Europe, and Japan are also contributing.