Antimicrobial Ingredients Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Form (Dry Form, Liquid Form), By Application (Skin Care, Haircare, Oral Care, Others), And By Geography - Forecasts From 2019 To 2024

The antimicrobial ingredients market is projected to expand at a CAGR of 6.03% to grow to US$7,358.794 million in 2024 from US$5,177.98 million in 2018.

Antimicrobial Ingredients are used in cosmetics, personal care products, etc. to kill or inhibit the growth of microorganisms. The increasing use of antimicrobial ingredients in the cosmetic and personal care industry is considered one of the key drivers of the growth of the market. Antimicrobial ingredients play a key role in protecting the life of the product and increasing the safety of the consumers from using the product. Moreover, increasing the use of these ingredients in skin care products also works as the driving factor for the growth of the market. However, pathogens can adapt to antimicrobial agents as per the research reports. This can render some products ineffective and thus can act as a restraint on market growth.

By form, dry form antimicrobial ingredients are mostly used due to the application limitation of liquid form and the cost-effectiveness of ingredients in dry form. By application, skincare products are expected to hold a significant market share. By geography, the Latin American market is projected to witness high growth due to the easy availability of raw materials.

DRIVERS
o Increasing use of antimicrobial agents in cosmetic and personal care products.
o Advancement in the formulation of cosmetic products leading to the development of new methods for the application of antimicrobial ingredients.

RESTRAINTS
o Adaptation of pathogens to antimicrobial agents

INDUSTRY UPDATE
o In June 2019, Lightning Technologies entered into a long-term, exclusive partnership with Microban International, the global leader in antimicrobial and odour-control technologies.
o AEGIS Vesta, a new durable quat saline antimicrobial technology for cotton and polyester launched at Interzum 2019
o The emergence of multidrug-resistant bacteria has prioritized the development of new antibiotics. According to research published in June 2019, stable pantothenate bioisosteres have been found to be a novel antibiotic for Gram-positive bacteria

Antimicrobial Ingredients Market Scope:

Report Metric	Details
Market size value in 2018	US$5,177.98 million
Market size value in 2024	US$7,358.794 million
Growth Rate	CAGR of 6.03% from 2018 to 2024
Base year	2018
Forecast period	2019–2024
Forecast Unit (Value)	USD Million
Segments Covered	Form, Application, And Geography
Regions covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies covered	The Dow Chemical Company, Lonza Group Ltd, BASF SE, Croda International Plc,   Clariant AG, Biocote, Verital, Microban, Kemin, Akzo Novel N.V., Evonik Industries   A.G.
Customization scope	Free report customization with purchase

 

SEGMENTATION

The antimicrobial ingredients market has been analyzed through the following segments:

• By form
o Dry form
o Liquid form

• By Application
o Skin care
o Haircare
o Oral care
o Others

• By Geography
o North America
o USA
o Canada
o Mexico

o South America
o Brazil
o Argentina
o Others

o Europe
o Germany
o France
o United Kingdom
o Spain
o Others

o Middle East and Africa
o Saudi Arabia
o Israel
o Others

o Asia Pacific
o China
o Japan
o South Korea
o India
o Others

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Frequently Asked Questions (FAQs)

Q1. What will be the antimicrobial ingredients market size by 2024?
A1. The antimicrobial ingredients market is projected to reach a total market size of US$7,358.794 million in 2024.

Q2. What are the growth prospects for the antimicrobial ingredients market?
A2. The antimicrobial ingredients market is projected to expand at a CAGR of 6.03% during the forecast period.

Q3. What is the size of the global antimicrobial ingredients market?
A3. Antimicrobial Ingredients Market was valued at US$5,177.98 million in 2018.

Q4. What factors are anticipated to drive antimicrobial ingredients market growth?
A4. Increasing the use of antimicrobial ingredients in the cosmetic and personal care industry is considered one of the key drivers for the growth of the market.

Q5. Which region holds the largest market share in the antimicrobial ingredients market?
A5. By Geography, the Latin American market is projected to witness high growth due to the easy availability of raw materials.

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