The key ingredients present in most cosmetics include water, emulsifiers, preservatives, thickeners, moisturisers, colours and fragrances. The growth in the market is triggered by the growing population across the globe and the rising demand of consumers to look good. Rising concerns for aging skin and the need for an even skin-tone are also contributing towards the increase in use of cosmetic active ingredients.
Active Ingredients Market for Cosmetics Trends
- Over the last few years, the speedy growth of social media platforms has offered market players the opportunity to advertise their products, which, in turn, has positively impacted market growth
- Developing cosmetics industry across the globe, increasing penetration of several types of active ingredients market for cosmetics products, and increasing beauty consciousness among female population are major factors driving growth of the Active Ingredients Market for Cosmetics worldwide
- Active Ingredients Market for Cosmetics Outlook
- The adoption of active ingredients for treatment of acne is likely to increase in the forecast period. Acne is considered to be one of the key dermatological issues faced globally; based on the American Academy of Dermatology, acne is among the most common skin condition in the U.S. and affects approximately 50 million Americans annually
- Thus, over the last few decades, cosmetic companies have been introducing various products to resolve issues related to acne; these products include various active ingredients such as salicylic acid, glycolic acid, and retinol, which provide a multi-prolonged approach
Active Ingredients Market for Cosmetics COVID-19 Impact
- The global pandemic of Coronavirus (COVID-19) has triggered stock market instability, tight border controls, and worldwide lockdown, leading the aesthetic industry, as well as large companies and governments, to restock supply chains
- The cosmetics industry has observed a relatively sluggish growth due to the COVID-19 pandemic unlike other industries
- Products which have a lower risk of contamination owing to automation and longer shelf lives helping the rationing of consumer supplies are expected to stand out in the near future
- Also, big brands are also converging on refining their supply lines in terms of firming their online channel along with offering at-home cosmetic products, which are highly appropriate in this unpredictable business situation
Active Ingredients Market for Cosmetics Regional Trends
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa. Europe was a lucrative region for the active ingredients market for cosmetics in 2019. Furthermore, Europe is likely to witness a significant CAGR owing to increasing demand from countries such as France, Germany and the U.K. According to a key German skincare brand, skincare is more about wellness and efficacy to the Germans, and thus, they are more focused on ingredients than just finding something considered to be luxurious or pampering experience. Thus, a large share of the German skincare is built upon a stripped back routine of cleansing, toning and moisturizing that supports the skin’s natural renewal process. Similarly, in France, trends such as achieving radiant skin free from imperfections are prevalent. Thus, the market for active ingredients is forecasted to grow in the region.
Active Ingredients Market for Cosmetics Segmental Highlights
- The report analyses the global active ingredients market for cosmetics based on ingredient, form, source, functionality, end-use and geography
- Various ingredients studied in this report anti-aging agents, antimicrobial agents, exfoliating agents, moisturizing agents, UV filters and other ingredients
- They are available in liquid, powder and other forms
- The active ingredient market for cosmetics, based on functionality, is classified into conditioning agents, UV filters, anti-aging agents, skin lightening agents, and others
- The others category includes cleansing agents, soothing agents, self-tanning agents, anti-acne, anti-oxidants, emollients
Active Ingredients Market for Cosmetics Key Players
The key companies in the Active Ingredients Market for Cosmetics market are Akzonobel N.V., Ashland Inc.,BASF SE, Clariant AG, Cp Kelco (A Huber Company), Eastman Chemical Company, Emery Oleochemicals Group, Evonik Industries AG, Gattefossé, Givaudan SA, Lonza, Lucas Meyer Cosmetics, Sederma Inc., Seppic SA, Sonneborn LLC, Symrise AG, United-Guardian, Inc. and Vantage Specialty Ingredients Inc. Product innovation and high spending on the development of digital platforms to ensure product supply are expected to remain critical success factors over the coming years. Key players are investing heavily to influence the consumer purchasing decision and increase the popularity of products in the retail landscape.
The report analyses the global active ingredients market for cosmetics based on ingredient, form, source, functionality, end-use and geography. Various ingredients studied in this report anti-aging agents, antimicrobial agents, exfoliating agents, moisturizing agents, UV filters and other ingredients. They are available in liquid, powder and other forms. They are sources as natural and synthetic. The major functionality of the market are anti-acne, anti-ageing, moisturizing, skin lightening, UV damage, and others. Whereas, the end use are skincare and hair care.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa.
Why to buy this report:
- The report offers changing market dynamics in the active ingredients market for cosmetics, presenting historical, current and projected market size in terms of value (USD Million)
- The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of active ingredients market for cosmetics
- It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the active ingredients market for cosmetics performance
- The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of active ingredients market for cosmetics
