Plant Stem Cell Market Global Growth By 2026 | Industry Analysis by Size, Trends, Competitor Strategy, High Emerging, Sales Revenue, Competitive Landscape, Opportunity and Challenges
Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Global Plant Stem Cell Market – Insights
Plant stem cells (PSCs) are innately undifferentiated cells located in the meristems of plants. PSCs maintain themselves and offer a steady supply of precursor cells to form various tissues and organs in plants. Therefore, these cells serve as the origin of plant vitality. PSCs have two different properties that include, their ability to create differentiated cell types and to self-renew in a fashion where the number of stem cells remain stable. Processed extracts from the buds, roots, and shoots are used for topical purposes.
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Increasing technological development has led to use of either the regenerated plants developed by PSCs or the secondary metabolite created by the single cells during culturing. Complex cultivation and extraction processes are used to obtain plant cell extracts, especially from plants such as Swiss apple, edelweiss, alpine rose, grape, gardenia, and lilac. PSCs have a wider range of application compared to the whole plant. The totipotent nature of PSCs makes them an important compound for various applications in the cosmetics sector.
Global Plant Stem Cell Market: Drivers
Increasing R&D on different plants to assess their uses and high demand for natural compounds is a major factor boosting growth of the global plant stem cell market over the forecast period. Naturally occurring botanicals contain antioxidants that protect human skin cells from UV-induced oxidative stress and neutralize free radicals. PSC cultures 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, increasing demand for anti-aging, hair care, and skincare products is also expected to propel growth of the global plant stem cell market.
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Global Plant Stem Cell Market: Segment Analysis
On the basis of location, the global plant stem cell market is segmented into:
- Root apical meristems
- Shoot apical meristems
- Vascular meristems
On the basis of application, the global plant stem cell market is segmented into:
On the basis of region, the global plant stem cell market is segmented into:
- North America
- Latin America
- Asia Pacific
- Middle East
The demand for root apical meristems and shoot apical meristems is high among those based on location. The demand for PSCs in the cosmetics sector is increasing, owing to increasing aesthetic in both men and women.
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Global Plant Stem Cell Market: Regional Analysis
On the basis of region, the global plant stem cell market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold dominant position in the global plant stem cell market, followed by Europe. This is attributed to factors such as R&D in cultivation and extraction of components from plants and high demand for natural products in the region.
The market in Asia Pacific is driven by increasing R&D and government investment in plant stem cell.
Global Plant Stem Cell Market: Competitive Landscape
Key players operating in the global plant stem cell market include Natura Therapeutics Inc., Aidan Products LLC, Oriflame Holding AG, MyChelle Dermaceuticals, LLC, Mibelle Biochemistry, Phyto Science SDN BHD, and Renature Skin Care Inc.
Key players in the market are focused on product development and launch to expand their product portfolio. For instance, in April 2019, Tremotyx Biomedical Lab launched PSC-based (aloe vera) over-the-counter treatment for eczema. In March 2019, Mibelle Biochemistry launched PhytoCellTec Goji—a novel active ingredient based on goji PSCs. PhytoCellTec Goji improves cell-to-cell communication via exosomes. In October 2018, Mibelle Biochemistry launched MossCellTec No. 1—a new active ingredient based on biotechnologically-produced moss.
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