Functional Cosmetic Ingredients Market

Functional Cosmetic Ingredients Market Size, Share, Growth Analysis, By Ingredient(Emollients and Moisturizers, Antioxidants), By Application(Skin care product, Hair care products), By Functionality(Moisturizing and Hydrating, Anti-Aging and Wrinkle Reduction), By Region(North America, Europe) - Industry Forecast 2024-2031


Report ID: UCMIG30L2167 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Functional Cosmetic Ingredients Market Insights

Market Overview:

The market for functional cosmetic ingredients reached a value of approximately $3.3 billion in 2022 and is anticipated to achieve a compound annual growth rate of over 3.3% from 2023 to 2032. There is a growing trend among consumers who are increasingly interested in cosmetic products that feature natural and sustainable elements. The demand for functional cosmetic ingredients sourced from plants, fruits, and botanical extracts is on the rise due to their perceived safety and environmentally friendly nature. This increased demand is primarily driven by the aging demographic and the pursuit of youthful, glowing skin, leading to a greater interest in ingredients such as peptides, antioxidants, and collagen boosters known for their anti-aging properties.

Functional Cosmetic Ingredients Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Personal Products by segment aggregation, the contribution of the Personal Products in Household & Personal Products and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Functional Cosmetic Ingredients was estimated to be valued at US$ XX Mn in 2021.

The Functional Cosmetic Ingredients Market is estimated to grow at a CAGR of XX% by 2028.

The Functional Cosmetic Ingredients Market is segmented on the basis of Ingredient, Application, Functionality, Region.

Based on region, the Functional Cosmetic Ingredients Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Functional Cosmetic Ingredients Market are BASF SE, Dow Inc., Croda International Plc, Ashland Holdings Inc., Clariant International Ltd., Evonik Industries AG, Givaudan SA, Lonza Group Ltd., DSM Nutritional Products AG, Solvay SA, Lubrizol Corporation, Innospec Inc., Eastman Chemical Company, Wacker Chemie AG, Seppic SA.

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Functional Cosmetic Ingredients Market

Product ID: UCMIG30L2167

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