Cosmetic Bioactive Ingredients Market size is poised to cross USD 69 Billion by the end of 2035, growing at a CAGR of 8% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of cosmetic bioactive ingredients was over USD 45 Billion. Increasing preference for natural ingredients in cosmetic products and an increasing number of bioactive ingredients are the main drivers for market growth.
Moreover, new opportunities are expected to open up in the cosmetic bioactive ingredients market due to increasing demand for male specific products, as well as developments in the cosmetics sector and product launches. In the US, about 14% of heterosexual men between the ages of 18 and 65 who use makeup and cosmetics for men do so regularly, and another 17% say they'll use it in the future.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~8% |
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Base Year Market Size (2022) |
~ USD 45 Billion |
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Forecast Year Market Size (2035) |
~ USD 69 Billion |
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Regional Scope |
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Growth Drivers
Challenges
The cost of producing and processing the bioactive ingredients can be high, resulting in higher product prices that may limit consumer affordability and the use of UV filters in cosmetic products to prevent skin from ultraviolet rays. Although they are identified as new pollutants, which is restraining the market and causing the harm to skin moving on to the factor, this can be a major lead as a challenge in the growth of the market.
Ingredient (Peptides, Polysaccharides, Phytochemicals, Vitamins, Antioxidants, Essential oils)
The peptides segment is expected to hold 30% revenue share by helping prevent breakouts, reduce inflammation, hinder wound healing, and promote healthy skin. Therefore, the segment is expected to grow during the assessment period on account of these factors, for instance rising demand for cosmetics peptides in a variety of applications and increasing product launches.
Category (Skin Care, Hair Care, Makeup)
Cosmetic bioactive ingredients market from the skin care segment is expected to grow at a share of 50%. Skin Care is expected to show a significant market share over the forecast period due to the increasing use of skin care products, in particular by younger people, as well as a worldwide rise in skin care products leading the market. There's a booming skincare market in the United States. In the U.S., face cleansers and cream treatments represent two of the top-selling skin care products in 2022 at about 260 million and 96 million units respectively.
Our in-depth analysis of the global cosmetic bioactive ingredients market includes the following segments:
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Ingredient |
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Category |
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Source |
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North American Market Forecast
The North America is expected to garner a share of 35% in the cosmetic bioactive ingredients market during the forecast period. The presence of a large number of market participants in North America is the main reason for this growth. The main factors underpinning the progress of the cosmetic bioactive ingredients market in the region are growing awareness about environment-friendly products and rising demand for color cosmetics.
European Market Statistics
The Europe cosmetic bioactive ingredients market is also estimated to grow by the end of 2035, owing to stringent legislation regarding the use of chemicals in the cosmetic industry, as they are suspected to cause genetic mutations and cancer. The European Commission in March 2022 banned 23 mutagenic, carcinogenic or toxic reproduction chemicals under Article 15 of the Cosmetics Regulation.
Author Credits: Smruti Ranjan, Rajrani Baghel
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