Global Cosmetic Antioxidants Market Insights Forecasts to 2032.
- The Global Cosmetic Antioxidants Market Size was valued at USD 132.3 Million in 2022.
- The Market is Growing at a CAGR of 5.2% from 2022 to 2032
- The Worldwide Cosmetic Antioxidants Market is expected to reach USD 220.7 Million by 2032
- Asia Pacific is expected to Grow the fastest during the Forecast period
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The Global Cosmetic Antioxidants Market Size is expected to reach USD 220.7 Million by 2032, at a CAGR of 5.2% during the Forecast period 2022 to 2032.
Antioxidants are considered necessary elements in the creation of cosmetic products. Antioxidants protect the skin from pollution, free radicals, and other environmental factors. It also protects the skin's surface from oxidative damage, which can harm it and create issues such as infection, dryness, itching, and more. Because a decent number of antioxidants in beauty products may reduce the possibility of any such skin disorder, it is now frequently used by cosmetic product manufacturers globally. Antioxidants are increasingly being used in cosmetic and personal care products such as skin care, hair care, perfume, body care, and others. The increasing usage of cosmetic items in many parts of the world is driving the expansion. The demand for cosmetic antioxidants is expected to rise even higher in the future as the worldwide population becomes more aware of the importance of personal care products.
Global Cosmetic Antioxidants Market Report Coverage
|Market Size in 2022:||USD 132.3 Million|
|Forecast Period 2022-2032 CAGR:||5.2%|
|2032 Value Projection:||USD 220.7 Million|
|Historical Data for:||2019-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||110|
|Segments covered:||By Source, By Type, By Application, By Region|
|Companies Covered:||BASF SE, Wacker Chemie AG, Evonik Industries AG, Kemin Industries, Inc., Barentz International BV, Eastman Chemical Company, Ashland Global Holdings, BTSA Biotecnologias Aplicadas S.L., Koninklijke DSM N.V., SEPPIC, Others, and Other Key Vendors.|
|Pitfalls & Challenges:||COVID-19 Empact,Challenges, Future, Growth, & Analysis|
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The growing worldwide population has been a major driver of the rise in demand for beauty products. Cosmetics are commonly considered essential and play an important role in daily life for individuals. The younger generation has a significant expense for beauty items. This generation prefers high-quality skincare and hair care products that enhance their appearance. The minerals and vitamins that make up the antioxidants are all natural. Antioxidants can protect against free radicals, which can destroy amino acids, lipids, and DNA. Dead skin cells accelerate aging, causing indications of aging, such as under-eye circles, dullness, dryness, and a loss of suppleness. When antioxidants are employed in beauty and skincare products, they can reach the skin's innermost layer. Antioxidants help to restore and regain living cells. Antioxidants make the skin look and feel younger. Moreover, the increased popularity of selfies and social media is driving the cosmetic antioxidants market. As a result of increased environmental pollution caused by urbanization, industrialization, population growth, mining, and exploration, people are becoming more aware of the benefits of using cosmetic products containing essential nutrients such as antioxidants. This aspect is predicted to drive global demand for cosmetic antioxidants in the future years.
To prevent rancidity, chemically produced antioxidants such as butylated hydroxyanisole (BHA), butylated hydroxytoluene (BHT), and propyl gallate are often utilized in cosmetics. However, there are some concerns about their safety. According to research, BHA and BHT may be carcinogenic and cause allergic reactions. Propyl gallate, too, has been associated with allergic responses. Natural antioxidants produced from plants and food sources, on the other hand, are considered safer options, however, their efficacy in avoiding rancidity may be reduced. To assess the safety of synthetic antioxidants, consider aspects such as concentration, product type, and individual vulnerability. Consider the concentration in the product, the type of application, and individual sensitivity when evaluating the safety of chemically generated antioxidants in cosmetics.
By Source Insights
The natural segment dominates the market with the largest revenue share over the forecast period.
Based on the source, the global cosmetic antioxidants market is segmented into natural and synthetic. Among these, the natural segment is dominating the market with the largest revenue share over the forecast period. Natural antioxidants are manufactured from natural resources like plants, animals, fruits, herbs, and spices. Natural antioxidants consist of vitamins carotenoids, polyphenols, and enzymes. Consumers are getting attracted to natural products like natural antioxidants in cosmetic products. Rising awareness regarding the health and side effects of synthetic products is anticipated to increase demand for natural cosmetic antioxidants during the forecast period.
By Type Insights
The vitamins segment is witnessing significant CAGR growth over the forecast period.
Based on type, the global cosmetic antioxidants market is segmented into enzymes, vitamins, BHA, polyphenols, carotenoids, and others. Among these, the vitamins segment is witnessing significant CAGR growth over the forecast period. Vitamins protect the skin from different skin problems and harmful ultraviolet (UV) rays. Vitamins help to get the fastest recovery as well as fix skin problems and prevent getting more harm. Vitamins in cosmetics work as a damage protector which is caused by free radicals produced by ultraviolet (UV) radiation and environmental contaminants. In addition, several vitamins have anti-inflammatory characteristics, which protect from getting skin injuries.
By Application Insights
The skin care segment is expected to hold the rapid revenue growth of the global Cosmetic Antioxidants market during the forecast period.
Based on the application, the global cosmetic antioxidants market is classified into skin care, hair care, make-up, and others. Among these, the skin care segment is expected to grow at a rapid pace during the forecast period. Rising population, easy availability of products at reasonable prices, and many concerns regarding skin problems and infections. Consumers aged more than 30 years especially adding these products in their daily routine. Additionally, easily available different branded products at retail stores and shopping malls at cheaper rates and discounted prices further propels the demand for cosmetic products globally. Nowadays, skin care is becoming an essential factor and important practice for all age groups to keep their skin soft and healthy and protect it from pollution and harmful UV rays. This skin care segment helps to drive the cosmetics antioxidants market globally.
Asia Pacific dominates the market with the largest market share more than 33.8% over the forecast period.
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Asia Pacific is dominating the largest market share more than 33.8% over the forecast period. This is attributed to the rising population in countries like China, India, and Japan. Asia Pacific is the most populous region, with more than 60% share of the global population. As a result, the rising population increases demand for cosmetic products and personal care products across the Asia Pacific region helps to drive the global cosmetic antioxidants market during the forecast period. Also, the cosmetic industry in the Asia Pacific is growing due to a rise in the number of working women as well as increased spending of the masses on cosmetic and personal care products owing to the growth of the young population in the region. Emerging economies of countries such as China and India are high-growth markets for skin care, hair care, and make-up products in the region.
The North American market is expected to grow the fastest during the forecast period. The presence of multi-Million cosmetic manufacturers in North America witnessing the fastest growth for the global cosmetic antioxidants market during the forecast period. In the U.S. people are consuming healthy and nutritional-based cosmetic products. The growing retail segment in North America is also playing an important role in driving the global cosmetic products market. This factor is anticipated to drive the demand for cosmetic antioxidants in North America during the forecast period.
List of Key Market Players
- BASF SE
- Wacker Chemie AG
- Evonik Industries AG
- Kemin Industries, Inc.
- Barentz International BV
- Eastman Chemical Company
- Ashland Global Holdings
- BTSA Biotecnologias Aplicadas S.L.
- Koninklijke DSM N.V.
Key Market Developments
- In May 2023, BASF and BEAUTYSTREAMS collaborated to expand the D'lite digital service for the personal care market. BEAUTYSTREAMS provided monthly trend reports for the collaboration, which provided significant insights into current changes in the personal care sector. These studies supported D'lite's quantitative analysis, providing an integrated analysis of the industry.
- In November 2022, A direct supply deal was signed between Evonik and Intercos Group. Evonik will supply Intercos with raw materials such as active compounds, emulsifiers, and cosmetic oils through a direct sales channel under this deal. The alliance aims to improve collaboration and exchange in the cosmetics sector while also committed to the development of more effective, safer, and sustainable products.
- In September 2022, Eastman Chemical Ltd signed a distribution arrangement with DKSH, a Swiss firm. DKSH will grow Eastman's personal care business in existing areas while also expanding into new markets as an Eastman distributor throughout the Asia Pacific region.
This study forecasts revenue at global, regional, and country levels from 2022 to 2032. Spherical Insights has segmented the global cosmetic antioxidants market based on the below-mentioned segments:
Cosmetic Antioxidants Market, Source Analysis
Cosmetic Antioxidants Market, Type Analysis
Cosmetic Antioxidants Market, Application Analysis
- Skin Care
- Hair Care
Cosmetic Antioxidants Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
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