Plant stem cells are undifferentiated cells located in the meristems of plants. They serve as the origin of plant vitality and provide a steady supply of precursor cells to form various tissues and organs in plants. These cells are used across diverse applications due to their versatility. Moreover, researchers have begun looking to plants as a source for stem cells, and those plant stem cells have proven to be effective in supporting the skin’s cellular turnover. Plant stem cell benefits to the skin include anti-aging, antioxidant, and anti-inflammatory properties.
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In stem cell transplantation, stem cells replace cells damaged by disease or chemotherapy or serve as a way for the donor’s immune system to fight off certain types of cancer, as well as blood-related diseases, such as neuroblastoma, lymphoma, leukemia, and multiple myeloma.
Competitive Landscape:
Major players operating in the global plant stem cell market are Oriflame Holding, Renature Skin Care Inc., Phyto Science SDN BHD, Mibelle Biochemistry, Aidan Products LLC, Natura Therapeutics Inc., and MyChelle Dermaceuticals.
Key Market Drivers:
Growing investments in plant stem cell-based research and supportive regulatory framework across developing countries is expected to boost growth of the plant stem cell market during the forecast period. For instance, in October 2019, Stemcell United Ltd. and China Tobacco Corp. partnered to set up a plant stem cell research center. The new center will produce active ingredients for pharmaceutical and healthcare applications.
Moreover, increasing demand for natural compounds along with the rising demand for anti-aging, skincare, haircare, and other cosmetic products is expected to drive growth of the plant stem cell market. For instance, in August 2023, CellaBeauty launched plant based stem cell skincare line, which include deep rejuvenating serum for a brighter complexion, intensive eye solution for aging eyes, and facial regeneration cream for wrinkles and sagging skin. These products are now available across the United States.
COVID-19 Impact Analysis:
COVID-19 is an infectious disease caused by the most recently discovered novel coronavirus. As cases of COVID-19 continue to rise around the world, the demand for safe and effective treatment is also increasing. Thus, pharma companies worldwide stepped forward to develop treatments and vaccines. As a result, several clinical trials have been registered using stem cells for COVID‐19 treatment that aims to use different cell sources, dosage, and importantly diverse targeted patient groups. This is expected to aid the growth of the plant stem cell market.
Key Takeaways
- The plant stem cell market is expected to exhibit a CAGR of XX % during the forecast period due to increasing product launches by market players. Market players are adopting various strategies such as product launches, to gain competitive edge in the market. For instance, in April 2019, Tremotyx launched plant stem cell-based eczema treatment in the United States, after its successful launch in Germany.
- Among regions, North America and Asia Pacific are expected to witness robust growth in the plant stem cell market due to increasing investments in plant stem cell-based research and supportive regulatory framework. For instance, in February 2020, Global Institute of Stem Cell Therapy and Research (GIOSTAR) announced the inauguration of a new stem cell/cancer research and therapy center in Chandigarh, India. This facility represents the latest milestone in global expansion efforts spearheaded by GIOSTAR in India, Mexico, the United States, and numerous other countries.
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