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The growing importance of the beauty and skincare industry makes the Cosmetic Antioxidants Market a matrix full of new trends. In the current competitive market, several major factors promote development and determine its direction for cosmetic antioxidants.
In light of increasing emphasis on health and wellness, consumers are beginning to pay more attention as to what is in their cosmetic products. Awareness of the benefits antioxidants have on skin--defeating free radicals, preventing aging before its time--has skyrocketed. Natural and organic cosmetic products are becoming popular, which has increased the market demand for ones derived from natural sources.
Many consumers are now looking to pursue clean beauty by using botanical extracts such as green tea, grape seed and vitamin-rich ingredients. The search for new cosmetic antioxidants has led to novel formulations and delivery systems. High-tech techniques improve the persistence and operability of antioxidants in cosmetics, making them suitable for long term storage and always operating at peak efficiency.
Pollution damage is now a common skincare concern that has arisen from urbanization and environmental pollution. As consumers seek products that do more to protect the skin against environmental stressors such as pollutants, cosmetic antioxidants are being built into formulations.
There are more and more cases of cosmetic companies working together with ingredient suppliers now. Partnerships enable the development of original antioxidant products, raising innovation and meeting different needs in the beauty market. More and more consumers are considering the sustainability of products on their purchase. Cosmetic firms are adapting with sustainable sourcing and fair labor policies in keeping with the widening trend toward conscientious consumption.
Thanks to the rise of online retail platforms, a plethora of cosmetic products whose ingredients contain antioxidants can easily be found. Because E-commerce channels can provide consumers with virtually limitless selections and information, they affect consumer buying decisions as well as market trends. Such strict regulations and standards in the cosmetics industry have required manufacturers to guarantee that their products meet safety and efficacy requirements. Compliance with regulatory norms boosts consumer confidence and propels the entire cosmetic antioxidants market in a healthy direction.
As consumers seek individualized skincare products, cosmetic antioxidants have become a key building block in custom formulations. This trend is driving the market forward, and beauty brands are responding by creating products customized to various skin types or concerns.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | Substantial Spending on Cosmetics & Personal Care Products in Emerging Economies to Boost the Growth of the Market |
| Market Dynamics | Increase in E-Commerce Sales of Cosmetics Products |
Cosmetic Antioxidants Market Highlights:
Global Cosmetic Antioxidants Market Overview
The Cosmetic Antioxidants Market Size was valued at USD 135.26 billion in 2023. The Cosmetic Antioxidants industry is projected to grow from USD 143.92 billion in 2024 to USD 236.4 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.40% during the forecast period (2024 - 2032).
Natural compounds made up of minerals and vitamins are used as cosmetic antioxidants. It helps in the struggle against free radicals, which harm DNA, lipids, and proteins. In addition to dry skin, wrinkles, dark circles, and a loss of suppleness, the injured skin cell also contributes to ageing. Dermatological formulations' fats, fragrances, and oils are prone to auto-oxidation due to air exposure, chemical deterioration, and off production.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Cosmetic Antioxidants Market Trends
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Increase in E-Commerce Sales of Cosmetics Products
Consumer behaviour has shifted from offline to online shopping as a result of COVID-19. Online cosmetic retailers have successfully attracted a variety of new consumers with their behavioural retargeting strategies. Customers are reluctant to visit cosmetic establishments and request a free sample during the post-pandemic period. Because of this, people believe it is secure to buy skincare and hair care items online. Due to the coronavirus pandemic, certain cosmetics merchants were forced to down their storefronts sooner than planned in 2020. As a result, they created online features to replicate the in-store experience and make customers feel more secure when purchasing products online. Interactive product-matching tools, augmented reality, online tests, and virtual consultations are a few of these characteristics.
Cosmetic Antioxidants Market Segment Insights
Cosmetic Antioxidants Source Insights
Natural: Throughout the projected period, this market segment is anticipated to develop the fastest. Natural products come only from natural sources and include things like turmeric, green tea, and extracts of rosemary. The increasing worry over synthetic products and the growing preference for natural products are the key drivers of this segment's growth.
Synthetic: The majority of the market share belongs to this sector. Petroleum-based products are a source of synthetic antioxidants. Among the synthetic antioxidants are tert-butyl hydroquinone (TBHQ), butylated hydroxyanisole (BHA), butylated hydroxytoluene (BHT), niacinamide, and propyl gallate (PG).
In November 2020, Anomera, an internationally recognised developer in green chemistry, materials science, and sustainable manufacturing, and Croda International Plc ('Croda') have announced a new partnership.
In April 2020, With PGT, a biologics firm that develops and markets next-generation vaccines for areas of significant unmet or underserved needs in food safety and animal health, Kemin Industries has inked an exclusive deal to licence PGT's Salmonella vaccine for poultry.
Figure 2: COSMETIC ANTIOXIDANTS MARKET, BY SOURCE, 2022 & 2030 (USD BILLION)
Cosmetic Antioxidants Regional Insights
In terms of revenue share, Asia Pacific led the market for cosmetic antioxidants in 2022. The population growth in nations like China, India, and Japan is to blame for this. According to the United Nations Population Fund, Asia Pacific is the region with the biggest population, accounting for more than 60% of all people worldwide (UNFPA). The Asia Pacific region's expanding population has increased demand for cosmetic and personal care goods, which will likely fuel market expansion over the next years.
Figure 2: COSMETIC ANTIOXIDANTS MARKET, BY REGION, 2022 & 2030 (USD BILLION)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Cosmetic Antioxidants Key Market Players & Competitive Insights
The rapid innovation of new and rising players in the industry is projected to cause the competition among competitors in cosmetic antioxidants to increase in the future. By creating and releasing new products, manufacturers hope to expand their product lines. The competition among international producers of cosmetic antioxidants is anticipated to expand as a result of this issue.
Key Companies in the Cosmetic Antioxidants market include
- BASF SE
- Koninklijke DSM NV.
- Wacker Chemie AG
- Eastman Chemical Company
- Lonza Group
- Croda International Plc
- Ashland Holdings
- Evonik Industries AG
- Kemin Industries, Inc.
- Barentz International BV
Cosmetic Antioxidants Industry Developments
In June 2021: The foremost B2B online marketplace for chemicals in Europe, CheMondis, a chemical distributor, and a speciality chemical supplier, Evonik, announced a new partnership. Paints, coatings, and printing inks from Evonik's Coating Additives business line can now be ordered online via CheMondis.
In June 2021: Increased Cooperation for Drug Substance Production of COVID-19 Vaccination Moderna in the Netherlands Announced by Lonza and Moderna.
Cosmetic Antioxidants Market Segmentation
Cosmetic Antioxidants Source Outlook
- Natural
- Synthetic
Cosmetic Antioxidants Type Outlook
- Vitamins
- Carotenoids
- Polyphenols
- Enzymes
Cosmetic Antioxidants Application Outlook
- Skin Care
- Hair Care
- Makeup
Cosmetic Antioxidants Regional Outlook
- North Americas
- USA
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Middle East & Africa
- Turkey
- Israel
- South Africa
- GCC
- Rest of MEA
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of LATAM
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