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CHEMICALS AND ADVANCED MATERIALS

Cosmetic Bioactive Ingredients Market Segmentation by Ingredient (Peptides, Polysaccharides, Phytochemicals, Vitamins, Antioxidants, Essential Oils, and Others); by Category (Skin Care, Hair Care, Makeup, and Others); and by Application (Cleansing, Beautifying, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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IN THE NEWS

  • December 2021- Solvay added two biodegradable grades to its Jaguar range of guar-based polymers. Both the ingredients are aimed at enabling formulators to produce beauty care solutions that are also environment-friendly.

  • September 2021- Symrise AG announced that it has entered a strategic partnership with Kobo Products, Inc. to expand its sunscreen and color cosmetics business.

Global Cosmetic Bioactive Ingredients Market Highlights Over 2022 - 2031

The global cosmetic bioactive ingredients market is estimated to garner a hefty amount of revenue by growing at a CAGR of ~5% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the increasing usage of cosmetic products among men and women in their daily routine, coupled with growing awareness levels about healthy skin and hair. In 2020, the total global beauty industry spending was amounted at about USD 450 billion, which is evaluated to reach a value of USD 700 billion by the end of 2025. Also, the cosmetics industry has observed an annual growth of more than 4%. Along with these, cosmetic bioactive ingredients have several functions such as whitening, tanning, UV protection and anti-wrinkling. Over the last two decades, the demand for anti-aging products is witnessing a significant upsurge, which is also expected to drive market growth in the forthcoming years. Furthermore, rising number of launches of cosmetic products, and surging utilization of natural ingredients in cosmetics is projected to offer lucrative opportunities to the market in the near future.  

Cosmetic Bioactive Ingredients Market Graph

The market is segmented by ingredient into peptides, polysaccharides, phytochemicals, vitamins, antioxidants, essential oils, and others, out of which, the peptides segment is anticipated to hold the largest share in the global cosmetic bioactive ingredients market. This can be accounted to the fact that peptides significantly help in reducing wrinkles, easing inflammation, minimizing breakouts and promoting a healthier skin. Apart from these, peptides also facilitate faster wound healing, which is also predicted to boost the growth of the market segment in the future. Additionally, on the basis of category, the skin care segment is assessed to acquire the largest share during the forecast period ascribing to the rising usage of skin care products, especially among millennials, and growing concerns regarding skin-related problems among people in the world. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Chemicals Graph

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Cosmetic Bioactive Ingredients Market Regional Synopsis

Regionally, the global cosmetic bioactive ingredients market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the rapidly growing urbanization, which in turn is evaluated to fuel the demand for luxury care products in the region. According to the World Bank, the total percentage of urban population in the East Asia & Pacific region reached 60.698% in 2020, up from 59.889% in 2019 and 59.053% in 2018 respectively. In addition, rising penetration of global brands is also expected to drive the market growth in the region in the coming years. Moreover, the market in North America is projected to occupy the largest share during the forecast period owing to the increasing production of cosmetic products, and strong presence of prominent market players in the region.

Cosmetic Bioactive Ingredients Market Share Graph

The global cosmetic bioactive ingredients market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global cosmetic bioactive ingredients market includes the following segments:

By Ingredient

  • Peptides
  • Polysaccharides
  • Phytochemicals
  • Vitamins
  • Antioxidants
  • Essential Oils
  • Others

By Category

  • Skin Care
  • Hair Care
  • Makeup
  • Others

By Application

  • Cleansing
  • Beautifying
  • Others

Growth Drivers

  • Increasing Usage of Cosmetic Products Among Men and Women in Their Daily Routine
  • Growing Awareness Levels About Healthy Skin and Hair

Challenges

  • Rising Consciousness About Side-Effects of Cosmetics

Top Featured Companies Dominating the Market

  • Symrise AG
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Solvay S.A.
  • The DOW Chemical Company
  • Evonik Industries AG
  • Lonza AG
  • Givaudan SA
  • Clariant AG
  • Croda International plc
  • Ashland Global Specialty Chemicals Inc.
  • Koninklijke DSM N.V.

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