(PharmaNewsWire.Com, October 27, 2021 ) The report "Cosmetic Antioxidants Market by Source (Natural, Chemically Derived), Type (Vitamins, Enzymes, Polyphenols), Function (Anti-aging, Hair Conditioning, UV Protection) and Application (Skin Care, Hair Care, Make-up) - Global Forecasts to 2025", is projected to reach USD 158 million by 2025, at a CAGR of 5.9% from USD 119 million in 2020. The growth of the cosmetic antioxidants market is primarily triggered by growing demand for anti-aging cosmetic products. Aging is a natural phenomenon; however, the consumption of antioxidants can slow down the aging process. The aging population is one of the largest consumers of cosmetic products. With the growing aging population around the world, anti-aging skincare products are in high demand.
Vitamins is the largest type of cosmetic antioxidants market.
Vitamins accounted for the largest share of the overall cosmetic antioxidants market, in terms of value, in 2019. Vitamins are used in various cosmetics products. Their positive effect on the human skin is a major driving factor. Enzymes was the second-largest type segment followed by polyphenols and carotenoids.
Skin care is estimated to be the largest application of the cosmetic antioxidants market during the forecast period.
Skin care application accounted for the maximum share in 2019, in the overall market, followed by hair care. The growth of the skincare application segment of the cosmetic antioxidants market can be attributed to the increased demand for cosmetic products that have anti-aging, anti-wrinkle, UV protection, and moisturizing properties.
Hair conditioning is estimated to be the largest function of the cosmetic antioxidants market during the forecast period.
Hair conditioning accounted for the largest share of 17% in terms of value in 2019. The segment is expected to register a CAGR of 5.9% between 2020 and 2025. The growth of this segment can be attributed to the global demand for hair care products to improve hair quality and hair growth. Anti-aging was the second-largest function of cosmetic antioxidants followed by hair cleaning and moisturizing.
Browse in-depth TOC on "Cosmetic Antioxidants Market” 283 - Market Data Tables 77 - Figures 278 - Pages
APAC is estimated to be the largest market for cosmetic antioxidants during the forecast period.
Among the various regions, APAC accounted for the largest share of the cosmetic antioxidants market in 2019. This region has a large base of young population who spend more on skincare and decorative cosmetic products. In addition, countries across the region are lenient toward the imposition of regulations with respect to cosmetic ingredients. Countries such as China and India are highly populated economies with rising preference for personal care and beauty enhancement products.
The key market players profiled in the report include as BASF SE (Germany), Koninklijke DSM N.V. (Netherlands), Wacker Chemie AG (Germany), Eastman Chemical Company (US), Lonza Group (Switzerland), Croda International Plc (UK), Ashland Global Holdings (US), Evonik Industries AG (Germany), SEPPIC (France), BTSA Biotecnologías Aplicadas, S.L. (Spain), Kemin Industries, Inc. (US), and Barentz International BV (Netherlands) among others.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
