Pune, INDIA, JUNE, 20, 2022 /MarketWatch/– According to our latest research study on “Cosmetic Bioactive Ingredients Market Forecast to 2028 – COVID-19 Impact and Global Analysis – Ingredient Type and Source,” the market is projected to reach US$ 2,215.96 million by 2028 from US$ 1,529.91 million in 2021; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028. The report highlights trends prevailing in the market and factors governing the market growth. The market growth is primarily attributed to the rising preference for natural ingredients in cosmetic products and increasing number of bioactive ingredients being launched. However, stringent regulatory frameworks are restricting the market growth.
Report Coverage : Details
Market Size Value in : US$ 1,529.91 million in 2021
Market Size Value by : US$ 2,215.96 million by 2028
Growth rate : CAGR of 5.4% from 2021-2028
Forecast Period : 2021-2028
Base Year : 2021
No. of Pages : 166
No. Tables : 57
No. of Charts & Figures : 74
Historical data available : Yes
Segments covered : Ingredient Type, Sources and Geography
Regional scope : North America; Europe; Asia Pacific; Latin America; MEA
Country scope : US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverage : Revenue forecast, company ranking, competitive landscape, growth factors, and trends
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Cosmetic Bioactive Ingredients Market: Competitive Landscape and Key Developments
BASF SE, DuPont de Nemours, Inc., FMC CORPORATION, Cargill, Incorporated, Sensient Technologies Corporation, DSM, Ajinomoto Co. Inc., Roquette Frères, ADM, and Vytrus Biotech are among the leading companies operating in the cosmetic bioactive ingredients market.
Increasing consumer demand for natural products is fueling the research related to bioactive substances that can be used in cosmetics. Europe is home to a few of the biggest bioactive ingredient manufacturers and personal care brands, such as BASF and DSM. The launch of bioactive ingredients for the personal care industry is driving the growth of the market. In June 2019, BASF Care Creations launched three new active ingredients for the beauty market, which use rambutan trees that provide skin hydration and rejuvenation. Similarly, in April 2019, Lonza launched the H2OBioEV bioactive ingredient, which is a unique combination of naturally sourced ingredients—Aphanothece Sacrum polysaccharides and Galactoarabinan—with water and glycerin. The ingredient confers moisturization abilities by replenishing essential humectants, which facilitates optimal environment for the formation and maintenance of a strong epidermal protein barrier.
The scope of cosmetics includes products used for skin and hair cleansing, beautifying, promoting attractiveness, and improving appearance, along with a few personal hygiene product categories. Apart from the active ingredients that are usually used in these products, there is a globally growing trend of incorporating products from vegetable sources due to their commercial appeal, safety, and rich composition, often related with a synergistic or multifunctional effect. Botanical extracts are enriched with secondary metabolites of plants, with high structural diversity. Both flavonoids and non-flavonoids have been observed to exhibit interesting cosmetic properties, such as photoprotection, antiaging, moisturizing, antioxidant, astringent, anti-irritant, and antimicrobial activities. With their bioactive components and pharmacological actions, these bioactive ingredients have been shown to confer dermatological benefits; as a result, they can be explored for potential applications in skin rejuvenation, photoprotection, wound healing, etc.
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Cosmetic Bioactive Ingredients Market: Segmental Overview
Based on source, the cosmetic bioactive ingredients market is segmented into plant, animal, and microbial. The plant segment is expected to hold the largest share of the market in 2021. However, the microbial segment is anticipated to register the highest CAGR in the market during the forecast period.
Based on ingredient type, the cosmetic bioactive ingredients market is segmented into probiotics and prebiotics, omega-3 fatty acids, vitamins, carotenoids and antioxidants, plant extracts, minerals, amino acids, proteins and peptides, and others. Based on source, the market is segmented into plant, animal, and microbial.
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