The global market for active ingredients for cosmetics will reach $ 4.7 billion by 2026

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Edition: 8; Released: February 2022
Executive pool: 11733
Companies: 61 – Covered players include Ashland, Inc .; BASF SE; Clariant AG; Croda International Plc; Evonik Industries AG; Gattefosse SAS; Givaudan SA; Loin; Lucas Mayer cosmetics; Nourion; Sepic SA; Symrise AG and others.
Coverage: All major geographic areas and key segments
Segments: Application (skin care, hair care); Functionality (conditioning agents, UV filters, anti-aging agents, skin lightening agents)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of the world.

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ABSTRACT-

The global market of active ingredients for cosmetics to reach $ 4.7 billion by 2026

Cosmetics are substances aimed at providing aesthetic beauty to the body. The industry uses a number of chemical ingredients in cosmetics to achieve the desired properties. Although there are more than 5,000 chemical ingredients used by the industry, the ingredients generally fall into different groups with each of these groups performing a distinct function. An active cosmetic ingredient refers to an ingredient designed to address the skin or hair problem it should aim for. An ingredient designed to make a significant change in the cosmetic parameters of the skin or hair is an active ingredient. Active ingredients for skin care products include topical exfoliants, sunscreens, antioxidants, retinoids, and skin lightening agents, among others. Humectants, moisturizers, anti-aging, anti-cellulite, scrubs, plant extracts, UV-blockers, soothing, skin whiteners, purifiers, antioxidants are some of the active ingredients intended for the cosmetic industry. Few skin products containing active ingredients are often considered drugs or drugs. A product that comes under the pretense of modifying the texture of the skin or treating certain symptoms such as eczema, rosacea, or psoriasis is generally considered a drug by the US FDA. Few ingredients such as salicylic acid are always considered drugs.

In the midst of the COVID-19 crisis, the global active ingredients market is valued at $ 3.9 billion in the year 2022, it is expected to reach a revised size of 4.7 billion dollars by 2026, recording a compound annual growth rate (CAGR) of 5% over the analysis period. Europe represents the largest regional market for active ingredients for cosmetics and is expected to reach 1.3 billion dollars by 2026. China it is expected to drive growth and emerge as the fastest growing regional market with a CAGR of 6.8% over the analysis period. The market is spurred by the growing desire to look good among people and the resulting increase in spending on a range of cosmetic skin and hair care products. Consumers around the world are becoming more and more aware of how to achieve flawless skin without marks or blemishes.

The growing awareness among consumers about general physical appearance, the general pursuit of beauty and the growing awareness of the benefits of using various cosmetic products to improve skin care are driving growth in the cosmetics market, thus driving the demand for cosmetic active ingredients that are used in their production. Growth is also benefiting from the growing demand for sunscreen, anti-aging and skin whitening products. Growing concerns about skin aging and the desire to achieve even skin tone are also leading to a high demand for active cosmetic ingredients. With growing concerns about premature aging, dry skin, age spots, premature aging and pigmentation, the demand for ingredients used in anti-aging products is on the rise. In addition, new hair care solutions and increased use of natural ingredients offer favorable growth opportunities for the market. The demand for cosmetic products is strong among the elderly population, in particular for products with active ingredients capable of minimizing the signs of aging.

The market is also driven by the growing interest of male consumers in personal care and grooming products. For example, male consumers are showing a growing interest in hair care products such as hair serums. The increase in urban population and the development of new products with greater effectiveness are also driving the growth of the market. The growing awareness of clean label cosmetic products is leading to the development of eco-friendly or environmentally friendly active cosmetic ingredients. The strong demand for organic ingredients that incorporate cosmetic ingredients especially in Asia-Pacific countries should drive market growth. Despite their higher cost than synthetic materials, natural or organic ingredients are finding favor amid increasing consumer concern for health and the environment. The market is thus hugely benefiting from the growing consumer inclination towards natural and active cosmetic ingredients, which is spurring the demand for products such as botanical extracts, enzymes and amino acids. Also driving the market is the growing demand for multifunctional ingredients, driven by the increase in sales of multifunctional products. The positive market outlook is encouraging manufacturers to focus on R&D initiatives to develop new products with unique ingredients, thus driving growth in the cosmetic active ingredient market.

By functionality, conditioning agents have captured the largest share of the market, with other main categories being UV filters, skin lightening agents and anti-aging agents. The large share of the conditioning agents segment is mainly attributed to their increasing use in skin and hair care applications. Rapid population expansion, rising disposable income and increased spending on cosmetic products, especially in developing regions, are fueling the growth of the conditioning agent market. While Europe And Asia-Pacific continue to grow strongly, the air conditioning market in North America it is affected by the strict government regulations being implemented. The active ingredient segment for anti-aging products is expected to record strong gains in the coming years. The rapidly aging world population is increasingly demanding products that allow them to maintain or improve their youthful appearance and help delay the signs of aging such as fine lines and wrinkles. Driven by the growing demand for anti-aging products, the market for cosmetic active ingredients for anti-aging products is expected to experience strong growth. Moreover

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