The global Active Cosmetic Ingredients Market is forecasted to grow at a rate of 6.30% from USD 3,538.1 Million in 2020 to USD 5,824.9 Million in 2028. Growing demand for natural ingredients coupled with increasing adoption of UV based ingredients in Cosmetics globally are key drivers for the market. In addition, to meet the global rise in demand, ingredient manufacturers including Croda International, BASF, Evonik Industries, Givaudan, and Symrise AG, among others, have been launching new ingredients, which is further expected to boost growth.
With growing awareness regarding the risks associated with the chemicals present in cosmetics and personal care products, consumers globally have been demanding natural and organic products. This is expected to drive demand for natural ingredients such as Coconut Oil, Beeswax, cocoa butter, shea butter, arrowroot powder, soy seeds, green tea, essential oils, and dried herbs. Countries globally have been imposing restrictions and bans on chemicals such as Formaldehyde, mercury, lead, asbestos, isobutyl paraben, and butylparaben, which have been proven to be harmful to the skin. Increasing the adoption of marine ingredients is also a major factor influencing demand.
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According to research, bioactive substances that are derived from marine resources have various properties as natural skincare agents such as Antioxidant, anti-inflammatory, anti-allergic, anti-aging, and anti-wrinkling effects, and ultraviolet defense. For instance: algae have been found to hydrate the skin, aid circulation, activate the renewal and metabolism of cells, regulate the operation of sebaceous glands, regenerate tissue, and have an anti-inflammatory effect, and increase skin resistance.
Top Companies:
BASF SE
Croda International
DOW Chemicals
Clariant AG
Ashland Global Holdings
Lonza Group
Solvay S.A
Evonik Industries
Givaudan
and Symrise AG
New Developments:
- In April 2019, Expanscience Laboratories launched Algaenia, a bio-inspired active ingredient which provides moisturization to sensitive skin.
- In April 2018, Givaudan introduced Vetivyne, an active ingredient with anti-aging benefits and with properties that enhance fragrance wear.
- In May 2019, Evonik Industries introduced Dermofeel TocoSkin, a sunflower-based antioxidant from non-GMO sources which prevents the skin from damage caused by free radicals.
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Ingredient Outlook (Revenue, USD Billion; 2018-2028)
- Moisturizing Agents
- Anti-Aging Agents
- UV Filters
- Exfoliating Agents
- Antimicrobial Agents
- Other Ingredients
Form Outlook (Revenue, USD Billion; 2018-2028)
- Liquid
- Powder
- Other Forms
Source Outlook (Revenue, USD Billion; 2018-2028)
- Natural
- Synthetic
Functionality Outlook (Revenue, USD Billion; 2018-2028)
- Anti-aging
- Anti-acne
- Moisturizing
- UV damage
- Skin lightening
- Others
End-Use Outlook (USD Billion; 2018-2028)
- Skincare
- Haircare
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