Functional Cosmetic Market Size

Global Functional Cosmetic Market size was valued at USD 3.37 billion in 2023 and is poised to grow from USD 3.55 billion in 2024 to USD 5.32 billion by 2032, growing at a CAGR of 5.2% during the forecast period (2025-2032).

Competition in the global Functional cosmetics market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of products compatible with Functional cosmetics will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years. 'L'Oreal S.A. (France) ', 'Shiseido Company, Limited (Japan) ', 'The Estee Lauder Companies Inc. (USA) ', 'Procter & Gamble Co. (USA) ', 'Unilever PLC (UK) ', 'Beiersdorf AG (Germany) ', 'Kao Corporation (Japan) ', 'Johnson & Johnson (USA) ', 'Amorepacific Corporation (South Korea) ', 'LVMH Moët Hennessy – Louis Vuitton SE (France) ', 'Coty Inc. (USA) ', 'Henkel AG & Co. KGaA (Germany) ', 'LG Household & Health Care Ltd. (South Korea) ', 'Revlon, Inc. (USA) ', 'Oriflame Holding AG (Switzerland) ', 'Avon Products, Inc. (UK) ', 'Mary Kay Inc. (USA) ', 'Natura & Co. (Brazil) ', 'Nu Skin Enterprises, Inc. (USA) ', 'e.l.f. Beauty, Inc. (USA)'

To improve the functional properties of cosmetic skin care, functional cosmetics are specialty chemicals that are used.These functional cosmetics include ingredients such as anti aging agents, exfoliators, conditioning agents, UV agents and others. The demand for producing the multiple benefits from a single product is highly increasing. Moreover, there is also a push towards sustainability and reduction of compounds used in cosmetic formulation.

There are various products which are included in the functional cosmetic industry and camellia japonica is one of them. As this flower is rich in antioxidants which help to deliver anti aging effects in skin care products, It is being publicized for beautification as an anti aging natural agent.

Globally, Europe is estimated to hold the highest global Functional cosmetics market share in 2021. Raising awareness about the skin and the major use of functional cosmetics led to the growth of the market. Along with this inclination towards natural and organic personal care and easily biodegradable products is another factor that led to the increase of functional cosmetic products in Europe.