Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of “Cosmetic Antioxidants Market - which is forecasted from 2020 to 2027”.
The cosmetic antioxidants market is expected to develop owing to increased demand for antioxidant items among the aging population and growing lifestyles, as well as development in the e-commerce industry. Furthermore, according to the United Nations Department of Economic and Social Affairs, Population Division statistics, the global elderly population is expected to grow by 120 percent by 2030. During the projection period, this will significantly boost demand for cosmetic antioxidants. Antioxidant-rich cosmetics are in increasing demand among the growing elderly population. The global cosmetic antioxidant industry is also benefiting from people's growing awareness of personal cleanliness.
As per the report, the market about Cosmetic antioxidants Market is expected to grow at a steady pace.
Cosmetic antioxidants are chemicals used in cosmetic compositions to extend the shelf life of the product while simultaneously preserving human cells from harm. Antioxidants including hydroxytoluene, butylated hydroxyanisole, Vitamin A, and Vitamin E are commonly utilized in anti-aging, UV protection, and anti-inflammatory goods such moisturizers, hair care, skincare, and other cosmetics. Vitamin C acts as an antioxidant, protecting the skin from free radical damage induced by UV exposure.
However, one of the major issues limiting the growth of the cosmetic antioxidants market is the numerous adverse effects related to chemical antioxidant properties such as hydroxytoluene & butylated hydroxyanisole. Butylated hydroxyanisole (BHA) & hydroxytoluene are phenol derivatives with antioxidant capabilities that are also utilized as preservatives in hair care products. Hormone imbalance, organ-system toxicity, and other health problems have been linked to BHA and hydroxytoluene. Long-term exposure to BHA can result in skin allergies that can be lethal. People are aware of the negative consequences of such compounds and are avoiding utilizing them, which is one of the biggest obstacles that the cosmetic antioxidants market is facing.
By function, the cosmetic antioxidants market has been segmented into anti-aging, anti-inflammatory, UV Protection, moisturizing, hair cleansing, hair conditioning, and others. In the cosmetic antioxidants market, the hair conditioning category is predicted to have the biggest share over the forecast period. Hair conditioning products are in high demand due to a growing awareness of the importance of having healthy hair and keeping it in good condition for self-grooming. Vitamin A, commonly known as retinol, is a component of hair conditioners that helps to maintain hair's general health.
By type, the cosmetic antioxidants market has been segmented into vitamins, polyphenols, enzymes, carotenoids, and other nutrients are among them. The cosmetic antioxidants market is projected to be dominated by the vitamins sector. Vitamin C, as an antioxidant, protects the skin from free radical damage induced by UV exposure. Vitamin C also inhibits melanin formation in the skin, which helps to lighten hyperpigmentation and brown spots, even out skin tone, and improve skin brightness.
By application, the market has been segmented into skin care, hair care, and makeup. The growing market for skin care products such as creams, serums, chemical peels, anti-aging creams, toners, moisturizers, eye creams, lotions, cleansing creams, and facial masks are increasing due to an increase in self-awareness & self-grooming among people of all ages. The overall expansion of the skin care products market will be fueled by changing lifestyles and growing spending patterns of consumers on premium beauty care products.
Based on geography segmentation, the cosmetic antioxidants market in the Asia Pacific is expected to increase at a steady rate over the anticipated period. Cosmetic antioxidants such as hydroxytoluene and BHA are being used in a variety of anti-aging, UV prevention, anti-inflammatory products such as moisturizers, hair care products, skin care products, and others in the Asia Pacific region due to an increase in personal image awareness among the young population coupled with an increase in demand for cosmetics. According to the Ministry of Economy and Industry, India's body care market is expected to grow by 36% and hair care by 5%. In the Asia Pacific area, this is boosting the cosmetic antioxidants market.
As a part of the report, the major players operating in the Global Nanocellulose market, that have been covered are 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
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This analytics report segments the Cosmetic Antioxidants market on the following basis: