Cosmetic Antioxidants Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Function (Anti-Aging, Anti-Inflammatory, UV Protection, Moisturizing, Hair Cleansing, Hair Conditioning, Others), By Type (Vitamins, Polyphenols, Enzymes, Carotenoids, Others), By Application (Skin Care, Haircare, Make Up), And By Geography - Forecasts From 2022 To 2027
- Published : Jun 2022
- Report Code : KSI061612028
- Pages : 125
The cosmetic antioxidants market is evaluated at US$108.146 million for the year 2020, growing at a CAGR of 5.67% to reach a market size of US$159.101 million by the year 2027.
Antioxidants are vitamins and minerals that protect DNA, lipids, and proteins from free radicals. It entails the creation of fragrances, oils, and fats that improve the appearance of damaged skin, dry skin, dark spots, and a variety of other problems. Chemically produced cosmetic antioxidants are utilized in skincare, haircare, and makeup applications. Cosmetic antioxidants are substances that have a growing demand in the market. Cosmetic products are in high demand every period. The introduction of cosmetic products with antioxidant properties is boosting the market growth of cosmetic products in the global market. The rise in the average age of the population is one of the major factors driving the market growth of the global cosmetic antioxidant market. Cosmetic products with antioxidant properties are in high demand in the market, especially among the ageing population. The ability of antioxidant components to prevent ageing by reducing wrinkles and ageing symptoms is increasing the demand for cosmetic antioxidants in the global market. Rising disposable income and increasing awareness about personal hygiene are also giving potential to the growth of the global cosmetic antioxidants market. People’s increasing disposable income and rising living standards are making people capable of purchasing and consuming more cosmetic products. The purchasing rate of cosmetic products is high when it comes to cosmetic products with anti-oxidant properties. The rising awareness of personal hygiene in the male population is also driving the growth of the global cosmetic antioxidant market. Increased income levels and urbanization are factors that have contributed to the expansion of the cosmetic antioxidants market. Furthermore, the market is expected to develop due to continuous growth in organized retail, as well as the emergence of a young urban population with rising disposable income in emerging nations. Other factors that have influenced the international market's growth include rising aspirations, an increase in the number of working women, changing lifestyles, increased affordability of lifestyle-oriented and luxury products, greater product choice, and availability of specific products on the e-commerce platform.
The global supply chain interruption caused by the COVID-19 outbreak seems to have a negative impact on cosmetic antioxidant production. This is due to travel restrictions, as well as lockdowns and curfews imposed to prevent the spread of the coronavirus. Due to the emergence of COVID-19, several raw material providers in the market had to shut down their operations. In order to combat the virus, many suppliers have turned their priority to providing pandemic relief. These businesses, on the other hand, have resumed operations, which is expected to boost the growth of the market in the forecasted years.
The rising average age of the population and increasing awareness about personal hygiene.
The market is expected to increase in the coming years due to rising demand for antioxidant goods among the aging population and changing lifestyles, as well as growth in the e-commerce sector. Cosmetic products with antioxidant properties are in high demand among the aging population. The rising awareness of people about personal hygiene is also boosting the growth of the global cosmetic antioxidant market. The segment of cosmetic antioxidants like anti-wrinkle cream is in high demand in the market. Cosmetic products like UV protection creams are also witnessing growing demand in the market. L'Oreal, one of the leading companies in the cosmetic industry, has reported robust growth in the first half of 2021, with sales of $18.1 billion, up 20.7 percent over 2020. The rising disposable income and increasing standard of living in people are also fuelling the growth of the global cosmetic antioxidant market.
Rising awareness about personal hygiene in men
The rising awareness of personal hygiene in men is also one of the major factors driving the growth of the global cosmetics antioxidant market. According to the reports of the ICA (Indian Commerce Association), about 20 to 25 % of total cosmetic sales in India are reported to the male population. The demand for facewash and UV protection creams is boosting the market demand for cosmetic antioxidant products for men.
The Asia-Pacific region has a sizable market share.
Geographically, the Asia-Pacific region is showing drastic growth in the market size of the cosmetic antioxidants market. Due to the increasing inclination for cosmetic goods for personal care and aesthetic enhancement, Asia-Pacific is anticipated to grow at a significant rate during the forecast period.
Cosmetic Antioxidants Market Scope:
|Market size value in 2020||US$108.146 million|
|Market size value in 2027||US$159.101 million|
|Growth Rate||CAGR of 5.67% from 2020 to 2027|
|Forecast Unit (Value)||USD Million|
|Segments covered||Function, Type, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||BASF SE, Koninklijke DSM NV., Wacker Chemie AG, Eastman Chemical Company, Lonza Group, Croda International Plc, Ashland Global Holdings, Evonik Industries AG, Kemin Industries, Inc., Barentz International BV, L’Oreal|
|Customization scope||Free report customization with purchase|
- By Function
- UV Protection
- Hair Cleansing
- Hair Conditioning
- By Type
- By Application
- By Geography
- North America
- South America
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
Q1. What is the size of the global cosmetic antioxidants market?
A1. Cosmetic Antioxidants Market was valued at US$108.146 million in the year 2020.
Q2. What will be the cosmetic antioxidants market size by 2027?
A2. The cosmetic antioxidants market is projected to reach a market size of US$159.101 million by 2027.
Q3. What are the growth prospects for the cosmetic antioxidants market?
A3. The global cosmetic antioxidants market is projected to grow at a CAGR of 5.67% over the forecast period.
Q4. What factors are anticipated to drive the cosmetic antioxidants market growth?
A4. The rise in the average age of the population is one of the major factors driving the cosmetic antioxidants market growth.
Q5. Which region holds the maximum market share in the cosmetic antioxidants market?
A5. The Asia Pacific region will witness significant growth in the cosmetic antioxidants market due to the increasing inclination for cosmetic goods for personal care and aesthetic enhancement.
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of End-Users
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Cosmetic Antioxidants Market Analysis, by Function
5.4. UV Protection
5.6. Hair Cleansing
5.7. Hair Conditioning
6. Cosmetic Antioxidants Market Analysis, by Type
7. Cosmetic Antioxidants Market Analysis, by Application
7.2. Skin care
7.4. Make up
8. Cosmetic Antioxidants Market Analysis, by Geography
8.2. North America
8.3. South America
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.6. Asia Pacific
8.6.4. South Korea
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.1. BASF SE
10.2. Koninklijke DSM NV.
10.3. Wacker Chemie AG
10.4. Eastman Chemical Company
10.5. Lonza Group
10.6. Croda International Plc
10.7. Ashland Global Holdings
10.8. Evonik Industries AG
10.9. Kemin Industries, Inc.
10.10. Barentz International BV
Koninklijke DSM NV.
Eastman Chemical Company
Croda International Plc
Ashland Global Holdings
Evonik Industries AG
Kemin Industries, Inc.
Barentz International BV
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