Global Marine Based Skincare Ingredients Market

Global Marine Based Skincare Ingredients Market Size, Share, Growth Analysis, By Application(Face Care, Skin Care), By Ingredient Type(Algae Based, Sea wood Based) - Industry Forecast 2024-2031

Report ID: SQMIG30L2145 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 63 | Figures: 77

Global Marine Based Skincare Ingredients Market News

  • In November 2021, a skincare ingredient supplier announced the launch of a new marine-based ingredient derived from deep-sea algae, touted for its potential in reducing inflammation and soothing sensitive skin.
  • In August 2021, a major cosmetic brand unveiled a partnership with a marine research institute to develop sustainable sourcing and extraction methods for marine-based skincare ingredients, aiming to promote responsible sourcing and conservation of marine resources.
  • In May 2021, a marine biotechnology company announced a breakthrough in their research on marine microorganisms, discovering novel skincare ingredients with potent antioxidant properties that can protect against environmental damage.
  • In February 2021, a leading skincare company announced a new product line incorporating marine-derived ingredients, including seaweed extracts and marine collagen, to address hydration and anti-aging concerns.
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Global Marine Based Skincare Ingredients Market size was valued at USD 613.63 million in 2022 and is poised to grow from USD 654.13 million in 2023 to USD 1090.74 million by 2031, growing at a CAGR of 6.60% during the forecast period (2024-2031).

The global marine-based skincare ingredients market is competitive, with several players operating in the market. The competitive landscape is characterized by intense competition, with players vying for market share through product innovation, strategic partnerships, acquisitions, and expansion into new markets. 'Ashland Global Holdings Inc. (United States)', 'BASF SE (Germany)', 'Croda International Plc (United Kingdom)', 'Seppic (France)', 'Lonza Group Ltd. (Switzerland)', 'Givaudan S.A. (Switzerland)', 'Lipotec SAU (Spain)', 'Algues & Mer (France)', 'Codif Technologie Naturelle (France)', 'BioMarine Ingredients Ireland Ltd. (Ireland)', 'Marinova Pty Ltd. (Australia)', 'Vytrus Biotech (Spain)', 'BiotechMarine (France)', 'Laboratoires Expanscience (France)', 'Barentz Group (Netherlands)', 'Nourison (Netherlands)', 'Sea Run Holdings Inc. (Canada)', 'OceanBASIS GmbH (Germany)', 'The Seaweed Company (Netherlands)', 'Lipoid Kosmetik AG (Switzerland)', 'Eviagenics (Norway)', 'Marine Bio-Ingredients (Canada)'

Marine-based skincare rituals, inspired by traditional practices from coastal regions, are gaining popularity among consumers seeking unique and effective skincare solutions, which is driving the demand for marine-based skincare ingredients.

Skincare companies are investing in research and development to create innovative formulations of marine-based skincare ingredients that offer enhanced efficacy, stability, and sensory attributes for improved skincare product performance.

With over 6.5% of the worldwide market for marine-based skincare ingredients in 2021, North America contributed the most. North America is a dominant market for marine-based skincare ingredients, driven by the increasing consumer demand for natural and sustainable skincare products, along with a high level of awareness about the benefits of marine-based ingredients.

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