Cosmetic Bioactive Ingredients Market Trends

Growth Drivers

• Change in Lifestyle - Cosmetics have become a vital element of modern life. Moreover, the rise in consciousness about external beauty along with an individual’s internal intellect has become one of the major factors driving the cosmetic bioactive ingredients market. For instance, people are more into changing their physical appearance and cosmetics are major things that are changing the lifestyle and boosting the market.
• Growing Demand for Organic Beauty Products - Taking this into account numerous beauty brands are poised to launch sustainable, natural and organic products. This creates opportunities for the cosmetic bioactive ingredients industry. According to a recent survey, about 67% of respondents are looking for products labeled as clean'' and 55% have been influenced by products that were described as organic or natural.
• Product Innovation in Cosmetic Industries –Organizations are looking more closely at all possible aspects of beauty and wellbeing, investigating consumers' attitudes about beauty, understanding the biological basis for hair and skin as well as improving sustainable development methods. This has led to increasing research and development in product innovation. For instance, active use of AHA including malic acid, glycolic acid, and lactic acid is extensively used in the cosmetic industry, that is increasing the market for cosmetic bioactive ingredients.

Challenges

• High Cost of Ingredients: 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.
• Cause for Environmental Pollution
• Volatility of Raw Materials