USD 135.1 Million
Cosmetic Antioxidants Market Size, Share, Growth Analysis, By Type(Synthetic, and Natural), By Application(Skin Care, Hair Care) - Industry Forecast 2024-2031
Report ID:
SQMIG15E2278 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|
Tables:
64 |
Figures:
75
Cosmetic Antioxidants Market Insights
Global Cosmetic Antioxidants Market size was valued at USD 135.1 Million in 2022 and is poised to grow from USD 142.8 Million in 2023 to USD 222.5 Million by 2031, at a CAGR of 5.70% during the forecast period (2024-2031).
The purpose of the market is to cater to the growing demand for cosmetic products that are safe, long-lasting, and deliver desired benefits to consumers. Cosmetic antioxidants help prevent the degradation of cosmetic formulations caused by exposure to air, light, and other environmental factors. They work by neutralizing free radicals and minimizing oxidative stress, thereby preserving the appearance, texture, and efficacy of cosmetic products. The driving factors for the global cosmetic antioxidants market is the increasing consumer demand for beauty and personal care products that offer long-lasting effects. Consumers are becoming more conscious of the ingredients used in cosmetic formulations and seek products with extended shelf life and improved performance. Cosmetic antioxidants address these needs by providing stability and preserving the quality of cosmetics. Challenges in the market include the need for extensive research and development to identify and develop new and innovative antioxidants that meet regulatory requirements and consumer expectations. Manufacturers must also ensure the compatibility and stability of antioxidants with other ingredients in cosmetic formulations.
The global cosmetic antioxidants market serves the purpose of providing effective ingredients that protect and preserve cosmetic formulations. While facing challenges such as regulatory constraints and ingredient compatibility, the market continues to drive innovation in the cosmetics industry. Opportunities exist in the growing demand for natural and organic cosmetics and the need for advanced solutions to combat environmental stressors. Overall, the market plays a crucial role in enhancing the quality, stability, and performance of cosmetic products.
US Cosmetic Antioxidants Market is poised to grow at sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Synthetic
Fastest Growth
Natural
Growth Rate
5.70% CAGR
Global Cosmetic Antioxidants Market ($ Mn)
Country Share for Asia Pacific Region (%)
Global Cosmetic Antioxidants Market By Type ($ Mn)
Global Cosmetic Antioxidants Market By Type (%)
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Cosmetic Antioxidants Market Segmental Analysis
The global cosmetic antioxidants market is segmented on the basis of type, application, and region. By Type, the market is segmented into Synthetic, Natural. By Application, the market is segmented into Skin Care, Hair Care, Make-up, Body Care, and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Cosmetic Antioxidants Market Analysis by Type
In 2023, the synthetic type of antioxidants dominated the global market with a significant revenue share of 60.0%. This growth can be attributed to the increasing utilization of synthetic antioxidants like butylated hydroxytoluene (BHT), butylated hydroxyanisole (BHA), Propyl Gallate (PG), and Tert-butylhydroquinone (TBHQ) in the production of various cosmetic products. Synthetic antioxidants are typically formulated through industrial processes involving a mixture of chemicals. Consequently, many governments regulate their use in cosmetics. These synthetic antioxidants serve as additives that enhance the shelf life of products while improving their color, texture, and fragrance.
Natural antioxidants are derived from natural sources such as plants, animals, fruits, herbs, and spices. They encompass vitamins, carotenoids, polyphenols, and enzymes. The growing preference for natural products has resulted in increased consumption of natural antioxidants in cosmetic formulations. The rising awareness about health and concerns regarding the negative effects of chemicals have fueled the demand for natural antioxidants. Consumers are increasingly inclined towards cosmetic products that incorporate natural ingredients. This trend is expected to drive the demand for natural antioxidants throughout the forecast period.
Cosmetic Antioxidants Market Analysis by Application
In 2023, the skin care application emerged as the dominant segment in the global cosmetic antioxidants market, capturing the highest revenue share of 41.1%. This growth can be attributed to several factors, including the increasing aging population, easy accessibility of skin care products, and rising concerns related to skin diseases. The population aged 30 years and above, in particular, incorporates these products into their daily personal care routines. Moreover, the availability of skin care products at reasonable prices further drives the demand for cosmetics worldwide. Skin care is considered a crucial practice for maintaining soft and healthy skin while protecting it from adverse environmental effects.
Hair care is another key application expected to fuel the demand for cosmetic antioxidants on a global scale. Hair care products are consumed by individuals of all age groups as part of their regular hair care regimen. The rising concerns regarding hair fall and related issues are major driving forces behind the growing demand for nutrition-based hair care products. Antioxidants play a crucial role in promoting healthy hair by providing essential nutrients and reducing the chances of hair fall. The widespread consumption of hair care products is anticipated to further drive the demand for cosmetic antioxidants in the hair care segment during the forecast period.
Global Cosmetic Antioxidants Market By Type, 2023 (%)
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Cosmetic Antioxidants Market Regional Insights
In 2023, Asia Pacific emerged as the dominant region in the cosmetic antioxidants market, capturing the highest revenue share of more than 33.7%. This can be attributed to the significant population growth in countries such as China, India, and Japan. Asia Pacific is the most populous region globally, accounting for approximately 60% of the total global population, as reported by the United Nations Population Fund (UNFPA). The increasing population in this region has resulted in a higher demand for cosmetic and personal care products, thus driving the growth of the cosmetic antioxidants market in Asia Pacific during the forecast period.
North America presents lucrative opportunities for market growth, primarily due to the presence of well-established cosmetic manufacturers, including The Estee Lauder Companies Inc., The Procter & Gamble Company, and others. The impact of the COVID-19 pandemic in the United States has led to a heightened focus on consuming healthy and nutrition-based cosmetic products. The growing retail sector in North America also contributes to the demand for cosmetic products in the region. These factors are expected to propel the demand for cosmetic antioxidants in North America in the near future.
Global Cosmetic Antioxidants Market By Geography, 2024-2031
- Largest
- Fastest
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Cosmetic Antioxidants Market Dynamics
Cosmetic Antioxidants Market Drivers
Increasing Consumer Awareness
- Growing awareness among consumers about the importance of antioxidants in skincare and hair care products drove the demand for cosmetic antioxidants. Consumers are becoming more knowledgeable about the benefits of antioxidants in preventing oxidative damage and maintaining overall skin and hair health.
Aging Population and Anti-Aging Products
- The rise in the aging population worldwide has led to a higher demand for anti-aging cosmetic products. Antioxidants play a crucial role in anti-aging formulations as they help in reducing the signs of aging, such as wrinkles and fine lines. The aging population, coupled with the desire for youthful appearance, drove the demand for cosmetic antioxidants in anti-aging skincare products.
Cosmetic Antioxidants Market Restraints
Stringent Regulatory Guidelines
- The cosmetic industry is subject to strict regulations and guidelines regarding the safety and efficacy of products. Compliance with these regulations can pose challenges for manufacturers, leading to delays in product launches and increased costs.
Potential Allergic Reactions
- Some individuals may experience allergic reactions or sensitivity to certain antioxidants used in cosmetic products. This can create a restraint as consumer concerns about adverse reactions may affect their purchasing decisions.
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Cosmetic Antioxidants Market Competitive Landscape
The Global Cosmetic Antioxidants Market is a highly competitive landscape with the presence of several key players striving for market dominance. These companies employ various strategies such as mergers and acquisitions, partnerships, product launches, and collaborations to expand their market share and gain a competitive edge. companies focus on continuous research and development activities to introduce innovative antioxidant ingredients and formulations that cater to the evolving needs and preferences of consumers. They invest significantly in expanding their product portfolios and enhancing the efficacy of cosmetic antioxidant products. Additionally, they engage in strategic collaborations with cosmetic manufacturers and formulators to ensure the seamless integration of their antioxidants into a wide range of cosmetic and personal care products.
Cosmetic Antioxidants Market Top Player’s Company Profiles
- Koninklijke DSM N.V. (Netherlands)
- Eastman Chemical Company (US)
- Lonza Group Ltd. (Switzerland)
- Kemin Industries, Inc. (US)
- Evonik Industries AG (Germany)
- Wacker Chemie AG (Germany)
- Solvay SA (Belgium)
- Corbion N.V. (Netherlands)
- Symrise AG (Germany)
- Akzo Nobel N.V. (Netherlands)
- SEPPIC (France)
- Lycored Corp. (Israel)
- Barentz International BV (Netherlands)
- Crovinc International (US)
- Jeen International Corporation (US)
- TRI-K Industries, Inc. (US)
- Provital Group (Spain)
Cosmetic Antioxidants Market Recent Developments
- In April 2023, Lonza launched a new line of cosmetic antioxidants called "Actisol." The line includes antioxidants that are designed to improve the stability and performance of cosmetic products.
- In March 2023, BASF announced that it had acquired the cosmetic ingredients company Cognis. The acquisition will give BASF a stronger position in the global cosmetic antioxidants market.
- In February 2023, DSM launched a new line of cosmetic antioxidants called "Envirox." The line includes antioxidants that are designed to protect skin from environmental damage, such as pollution and UV radiation.
Cosmetic Antioxidants Key Market Trends
- Integration of Multiple Antioxidants: Formulators and manufacturers focused on combining multiple antioxidants to create synergistic effects and enhance the overall efficacy of cosmetic products. The trend of incorporating a blend of antioxidants allowed for comprehensive protection against various sources of oxidative stress.
- Rise of Personalized Skincare: The trend of personalized skin care gained traction in 2022, with the customization of cosmetic products to meet individual needs and preferences. Antioxidants were included in personalized skincare formulations, tailored to address specific skin concerns and provide targeted antioxidant benefits.
Cosmetic Antioxidants Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global cosmetic antioxidants market analysis, the increasing consumer awareness about the benefits of antioxidants, the rising aging population, and growing concerns regarding skin and hair health are the key growth drivers. Consumers are becoming more conscious about the damaging effects of environmental stressors and are seeking products that offer protection and rejuvenation. This has led to a surge in the demand for cosmetic products containing antioxidants. The global cosmetic antioxidants market is driven by increasing consumer awareness, the aging population, and growing concerns about skin and hair health. While regulatory challenges and potential side effects pose restraints, the market offers opportunities for growth through natural and organic products and the demand for anti-aging and hair care solutions. With continuous innovation and consumer-driven product development, the market is poised for further expansion in the coming years.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 135.1 Million |
| Market size value in 2031 | USD 222.5 Million |
| Growth Rate | 5.70% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Cosmetic Antioxidants Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Cosmetic Antioxidants Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Cosmetic Antioxidants Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cosmetic Antioxidants Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cosmetic Antioxidants Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cosmetic Antioxidants Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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