Global active ingredients for cosmetics market to reach $4.7 billion by 2026
- Global Competitiveness and Major Competitors Percentage Market Share
- Market presence in multiple geographies – strong/active/niche/minor
- Online interactive peer-to-peer collaborative bespoke updates
- Access to our digital archives and MarketGlass research platform
- Complimentary update for one year
version: 8; Free: February 2022
Working Pool: 11733
Companies: 61 – Players covered include Ashland, Inc.; BASF SE; Clariant AG; Kroda International Plc; Evonik Industries AG; Gattefos SAS; Givaudan SA; Lonza; Lucas Meyer Cosmetics; Nurian; Sepik SA; Simris AG and others.
Coverage: All major geographies and major segments
section: Application (skin care, hair care); Functionality (conditioning agent, UV filter, anti-aging agent, skin lightening agent)
Geographic: World; United States of america; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and the rest of Europe); Asia Pacific; rest of the world.
Complimentary Project Preview – It is an ongoing global programme. Preview our research program before making a purchase decision. We are offering a complimentary access to qualified executives running strategy, business development, sales and marketing, and product management roles at select companies. Previews provide deep inside access to business trends; competing brands; domain expert profiles; and market data templates and much more. You can also create your own bespoke reports using our MarketGlass™ platform which provides thousands of data bytes without the obligation to purchase our reports. preview registry
Summary-
Global active ingredients for cosmetics market to reach $4.7 billion by 2026
Cosmetics are substances whose purpose is to provide aesthetic beauty to the body. Industry uses a number of chemical ingredients in cosmetics to obtain the desired properties. While there are more than 5,000 chemical ingredients used by industry, ingredients, generally, fall into different groups, with each group serving a different function. An active cosmetic ingredient refers to an ingredient that is designed to address the concern of the skin or hair that it is meant to target. An ingredient designed to cause significant changes in cosmetic skin or hair parameters is an active ingredient. Active ingredients for skin care products include topical exfoliants, sun filters, antioxidants, retinoids and skin lightening agents. Humectants, moisturizers, anti-aging, anti-cellulite, scrub agents, plant extracts, UV-blockers, soothing agents, skin whitening, purifying agents, anti-oxidants are some of the active ingredients intended for the cosmetic industry. Certain skin products containing active substances are often thought of as medicine or drugs. A product that comes with claims to change the structure of the skin or to treat certain symptoms, such as eczema or rosacea or psoriasis, are generally considered drugs by the US FDA. Certain ingredients, such as salicylic acid, have always been treated as drugs.
Amid the COVID-19 crisis, the global market for active ingredients to be estimated at US$ 3.9 billion in the year 2022, is projected to reach a revised size of US$ 4.7 billion by 2026, with a compound annual growth rate (CAGR) of 5% has been recorded. during the analysis period. Europe represents the largest regional market for active ingredients for cosmetics and is projected to reach US$1.3 billion by 2026. China is expected to lead the growth and emerge as the fastest growing regional market with a CAGR of 6.8% in the analysis period. Growing desire to look good among people and increase in expenditure on a range of cosmetic products for skin and hair care is driving the market. Consumers all over the world are becoming aware of getting flawless skin without any traces or blemishes.
Growing awareness among consumers about overall physical appearance, general pursuit of beauty and increasing awareness of the benefits of using various cosmetic products to improve skin care is driving the growth of the cosmetics market, thus the active cosmetic ingredients. There is an increasing demand for those who use in their manufacture. , Growth is also benefiting from the growing demand for sun protection, anti-aging and skin whitening products. Growing concerns about aging skin and the desire to get an even skin tone are leading to a higher demand for active cosmetic ingredients. With increasing concerns over premature aging, dry skin, age spots, premature aging and pigmentation, the demand for ingredients used in anti-aging products is increasing. Moreover, new solutions in hair care and increasing use of natural ingredients provide favorable growth opportunities for the market. The demand for cosmetic products is strong among the elderly population, especially for products with active ingredients that can reduce the signs of aging.
The market is also being driven by the increasing interest of male consumers in personal grooming and grooming products. For example, male consumers are showing more interest in hair care products like hair serums. The growing urban population and development of new products with increased effectiveness are also driving the growth of the market. The growing awareness of clean label cosmetic products is leading to the development of eco-friendly or green active cosmetic ingredients. The market is expected to grow on the back of high demand for organic ingredients-containing cosmetic ingredients especially in Asia-Pacific countries. Despite their higher cost than synthetic materials, natural or organic materials are being favored amid increasing consumer attention to health and the environment. Thus, the market is benefiting immensely from the increasing consumer inclination towards natural and active cosmetic ingredients, thereby increasing the demand for products such as botanical extracts, enzymes and amino acids. Also there is a growing demand for multifunctional ingredients driven by the increasing sales of multifunctional products on the market side. The positive outlook is encouraging market makers to focus on R&D initiatives to develop new products containing unique ingredients, thus driving growth in the cosmetic active ingredients market.
Based on functionality, conditioning agents captured the largest share of the market, with other major categories being UV filters, skin lightening agents, and anti-aging agents. The bulk of the conditioning agent segment is primarily attributed to their increasing use in skin and hair care applications. Rapidly growing population, rising disposable income and rising expenditure on cosmetic products especially in developing regions is driving growth in the conditioning agent market. While Europe and Asia-Pacific continue to grow strongly, the conditioning agents market in North America is being affected by strict government regulations being implemented. Active ingredients are expected to post strong gains for the anti-aging products segment in the coming years. The rapidly aging population of the world is increasingly demanding products that will enable them to maintain or enhance their youthful appearance and help reduce the signs of aging such as brow lines and wrinkles. Driven by the increasing demand for anti-aging products, the market for active cosmetic ingredients for anti-aging products is expected to witness strong growth. More
MarketGlass™ Platform
Our MarketGlass™ platform is a free full-stack knowledge center that is custom configurable for the intelligence needs of today’s busy business executive! This interactive research platform powered by influential people is at the core of our primary research work and draws from the unique perspectives of participating executives from around the world. Features include – enterprise-wide peer-to-peer collaboration; Preview research programs relevant to your company; 3.4 million domain expert profiles; Competitive company profile; interactive research modules; bespoke report generation; Monitor market trends; competing brands; Create and publish blogs and podcasts using our primary and secondary content; Track domain events around the world; and many more. Client companies will have full inside access to the project data stack. There are currently 67,000+ domain experts in use around the world.
Our platform is free to eligible executives and is available from our website www.StrategyR.com or through our just released mobile application iOS either Android
Global Industry Analysts, Inc. and StrategyR™ . About this
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the only influential market research company in the world. Serving over 42,000 customers in 36 countries, GIA has been recognized for its accurate forecasts of markets and industries for over 33 years.
Contact:
Zak Ali
Director, Corporate Communications
Global Industry Analyst, Inc.
Phone:
www.StrategyR.com
E-mail: [email protected]
Link
Join our expert panel
https://www.strategyr.com/Panelist.asp
Connect with us on LinkedIn
https://www.linkedin.com/company/global-industry-analysts-inc./
Follow us on Twitter
Journalists and Media
[email protected]
Source Global Industry Analyst, Inc.
