Cosmetic Bioactive Ingredients Market
Number of pages: 100 | Report Format: PDF | Published date: 27 January, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
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Report Attribute |
Details |
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Market size value in 2021 |
US$ 1.52 billion |
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Revenue forecast in 2030 |
US$ 2.44 billion |
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Growth Rate |
CAGR of 5.35% from 2022 to 2030 |
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Base year for estimation |
2021 |
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Forecast period |
2022-2030 |
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Historical Year |
2020 |
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Segments covered |
Ingredients Type, Source, and Region. |
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Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
The global cosmetic bioactive ingredients market was valued at US$ 1.52 billion in 2021, and is expected to witness a CAGR of 5.35% during the forecast period from 2022 to 2030.
Market Fundamentals
Bioactive ingredients improve metabolic activities that benefit health, skin, and hair. These compounds are frequently used in cosmetic and beauty products to give anti-aging, acne-fighting, skin tightening, anti-wrinkle, and other advantages. Some of the bioactive ingredients include proteins, minerals, vitamins, amino acids, omega-3 fatty acids, probiotics, and prebiotics, as well as other bioactive chemicals. Antioxidants, fatty acids, and minerals are the most frequent bioactive components included in cosmetic products. Moreover, bioactive products such as retinol, niacinamide, and salicylic acid have completely revolutionized the skincare industry. The products can enhance the appearance of skin by changing how it works at the molecular level.
Bioactive ingredients are an essential part of cosmetics. They are natural elements that are found in plants and other sources that provide anti-inflammatory, and anti-bacterial benefits. Additionally, bioactive ingredients also help to ensure that the product is safe and effective, as they are often tested for their functionality. Using bioactive ingredients in cosmetics can be formulated to be gentle and more natural, making them suitable for all skin types. Squalene is a popular bioactive ingredient used in moisturizers, sunscreen, and makeup. It helps to soften skin and restore moisture. Hyaluronic acid is another type of bioactive ingredient used to nourish the skin and improve its elasticity.
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Market Dynamics
Increased consciousness about enhancing the asthetic appearance is the major driver driving the global cosmetic bioactive ingredients market growth. Additionally, top cosmetic and skincare industry players are increasingly focusing on product innovation and launching new products with distinctive constitutions to accommodate changing consumer needs.
Many customers are shifting toward natural or plant-based alternatives, which is expected to drive the growth of cosmetic bioactive ingredients. Furthermore, there is a growing trend for microbiome-friendly cosmetic products for hair and skin.
Rising research and development in the cosmetic ingredients and products industry is further influencing the market growth. For instance, The Institute for Environmental Solutions (IES) initiated a project in July 2020 to discover bioactive cosmetic ingredients with high added value from medicinal plant by-products, from sources such as chamomile, dragonhead, European gooseberry, and juniper. However, raw materials used in this product are expensive, which eventually increases the overall cost of the product. Hence low-income countries such as Subsaharan Africa cannot afford these products, which can be a restarting factor for overall market growth. Also, the market can show limited growth due to a lack of awareness in these countries.
Market Ecosystem
The global cosmetic bioactive ingredients market has been analyzed from three perspectives Ingredients Type, Source, and Region.
Cosmetic Bioactive Ingredients Market by Ingredients Type
The global cosmetic bioactive ingredients market based on ingredients type is segmented into probiotics and prebiotics, omega-3 fatty acids, carotenoids and antioxidants, vitamins, plant extracts, amino acids, proteins and peptides, minerals, and others. The Amino acids segment holds the majority of the global cosmetic bioactive ingredients market revenue share. Growing awareness about the advantages offered by amino acids in cosmetics has increased their demand. It is one of the significant components of skin's natural moisturizing properties, which play an important part in maintaining skin health by regulating hydration and the pH. Glycine is one of the common amino acids in cosmetic products. It aids skin regeneration and increases collagen synthesis in the skin. The plant extracts segment is anticipated to grow with a high CAGR in the coming years. They are becoming more common in formulations as a result of customer concerns regarding the side effects of synthetic ingredients/chemical compounds. Plant extracts used in skincare have shown to have antioxidant and antibacterial properties, as well as the ability to inhibit tyrosinase.
Cosmetic Bioactive Ingredients Market by Source
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According to source, the global cosmetic bioactive ingredients market is segmented into plant, animal and microbial sources. Among these, the plant source segment has dominated the global market. Plant-based cosmetics are becoming more popular around the world as consumers become more conscious of the importance of choosing cruelty-free products and the negative environmental impact of animal-based products. The cruelty-free (no animal testing), vegetarian (no animal by products), and vegan (no animal components) beauty industries have had explosive growth in the recent years. Moreover, the antioxidant-rich property of plant-based skincare products helps to rejuvenate and rebuild cells. The vitamins found in plant-based skincare products are essential for preserving skin health. They also aid in cell repair and can help to reduce the indications of aging. Microbial source segment is anticipated to show high growth within the forecast period. This is attributed to many benefits, including biocompatibility, streamlined manufacturing processes, enhanced and consistent product quality, and reduced environmental impact. For instance, surfactin derived lipopeptides produced from Bacillus sps (B. subtilis, B. pumilus A, B. licheniformis and B. amyloliquefaciens) have great application in anti-wrinkle cosmetics. Additionally, surfactin is widely employed in the production of cosmetic oil-and-water emulsions and topically applied dermatological products.
Cosmetic Bioactive Ingredients Market by Region
Regionally, the global cosmetic bioactive ingredients market has been segmented into North America, Europe, Asia Pacific, and the rest of the world. North America dominated the market in 2021. This is due to the region's significant concentration of top market competitors, growing trends that have made cosmetics a daily requirement, and rising cosmetics expenditure. Furthermore, it is anticipated that throughout the projection period, increased investment in cosmetic start-ups with new natural ingredients-derived products would significantly enhance the cosmetic bioactive ingredients market growth.
European market for cosmetic bioactive ingredients is growing as a result of rising consumer demand for cosmetic products with natural extracts and its growing awareness. Consumers avoid substances like sodium lauryl sulfate, phthalates, and parabens due to their perceived health dangers. People prefer natural extracts as it is better for the environment and human health. As a result, more and more cosmetic businesses are switching to natural components in place of synthetic ones. Hence, European manufacturers are now focusing on using natural materials instead of chemicals due to growing concerns about the negative consequences of these components.
Asia Pacific is expected to grow with a high CAGR in the coming years. This is attributed to a big proportion of the Asian population focusing on incorporating skincare routines into their daily lives, increasing the skin's overall well-being. Additionally, the Asian population prefers skin care products with unique content. For instance, in 2022, Verisol collagen peptides from Gelita AG received the Foods with Function Claim (FFC) in Japan for improving skin elasticity. Market players in regions such as South Korea are launching novel products containing many bioactive ingredients. For instance, Time Revolution Night Repair Ampoule manufactured by Missha brand is a serum made of 10 type probiotics.
Strategic Development
Competitive Landscape
The prominent players operating in the global cosmetic bioactive ingredients market are.
A number of factors is currently driving the global cosmetic bioactive ingredients market. These include rising research and development efforts, rising concerns about physical appearance, and integrating advanced skincare routines into daily life.
Some prominent players operating in the global cosmetic bioactive ingredients market are Solvay S.A, DOW Chemicals, Lonza Group, Evonik Industries AG, Givaudan SA, Ashland Global Holdings Inc. BASF SE, Symrise AG, Clariant AG, Croda International plc, among others.
Factors limiting the growth of the global cosmetic bioactive ingredients market include issues with affordability, accessibility, and awareness of cosmetic bioactive components in the Middle East and Africa region.
The global cosmetic bioactive ingredients market is expected to witness a CAGR of 5.35% during the forecast period from 2022 to 2030.
The amino acids segment holds the majority of global market revenue share in terms of ingredient types.
*Insights on financial performance are subject to the availability of information in the public domain
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Snehal Deshmukh
Principle Consultant
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