Cosmetic Antioxidants – The Next Anti-Aging Formula
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 natural substances made up of vitamins and minerals that play a key part in anti-aging skincare. Free radicals are created by street air, sunlight, automobile pollution, and other environmental elements, and antioxidants neutralize them. They are utilized in the cosmetic industry to prevent aging by avoiding cell damage. Antioxidants in cosmetics form a protective barrier on the skin, shielding it from the elements and ultraviolet infrared rays. It's also used in cosmetics to keep formulas fresh and extend their shelf life. Antioxidants including hydroxytoluene, butylated hydroxyanisole, Vitamin A, and Vitamin E are commonly utilized in anti-aging, UV protection, and anti-inflammatory goods such as moisturizers, hair care, skincare, and other cosmetics. Vitamin C acts as an antioxidant, protecting the skin from free radical damage induced by UV exposure. Cosmetic agents protect the skin while also preventing the degradation of natural constituents in cosmetics such as proteins, carbohydrates, and lipids.
Key drivers driving the market growth
The large spending on cosmetics and personal care items in emerging nations stimulates worldwide demand. The growth is linked to variables such as increased income levels as a result of rising employment levels, minimum salaries, and urbanization. Furthermore, market growth is likely to be fueled by continuous growth in organized retail, as well as the emergence of a young urban population paired with increased disposable income in emerging nations. Antioxidants in cosmetics are becoming increasingly popular among athletes seeking protection from dangerous UV rays. These products are applied to the skin because they provide a protective barrier while also addressing a variety of skin concerns. The entertainment sector is also seeing an increase in demand for skin protection against hazardous air pollutants that cause premature aging, pigmentation, wrinkles, and acne.
Vitamins are anticipated to account for the largest type of cosmetic antioxidants
Vitamins C and E, as well as selenium, have been shown to protect the skin from UV damage and skin cancer studies. They may even be able to reverse some of the discoloration and wrinkles that come with age. Vitamins are found in a variety of cosmetics. Their beneficial effect on human skin is a primary motivator. The second-largest type section was enzymes, which were followed by polyphenols and carotenoids.
During the projected period, skin care is expected to be the most popular application of cosmetic antioxidants
The rising demand for cosmetic products with anti-aging, anti-wrinkle, UV protection, and moisturizing qualities is driving the expansion of the skincare application segment of the cosmetic antioxidants market. People all around the world are experiencing skin problems as a result of increased air pollution, which is moving the skincare industry forward. Sun cream is a well-known antioxidant skincare item that helps to protect the skin from UV rays. Because it is utilized by people of all ages, this product has a large global market.
Male cosmetics are becoming increasingly popular
As many guys use cosmetics, the worldwide male cosmetic market is rising. The increase in male cosmetics sales can be related to consumers' changing lifestyles and increased disposable cash. Men's skin concerns include wrinkles, dark patches, and dullness. As a result, males use skin care products such as anti-aging, hydrating, and sun protection lotions. Aesthetics has grown increasingly fashionable among men. Currently, only a small percentage of males use cosmetics, but this is projected to change soon.
Natural antioxidants are more expensive, and there are rising worries about artificially manufactured goods, which may function as market restraints.
The global cosmetic antioxidants industry is being held back by many problems, including the economic crisis, high costs of quality chemicals, tight government restrictions, and expensive packaging costs. Male clients' increasing desire for skin care products is likely to provide potential opportunities for cosmetic antioxidants market players. With increased awareness, even men have begun to pay attention to their appearance, skin, hair, and other elements, creating opportunities for cosmetic industry companies to meet client demand.
The market is being propelled by rising demand for cosmetics in the Asia Pacific area, as well as an aging population and the introduction of a modern lifestyle. The increased demand for cosmetics as a result of the rising aging population, greater disposable income, and changing lifestyle of people in the region is driving the growth of the APAC cosmetic antioxidants market. The rising popularity of high-quality cosmetics that combat the impacts of pollution and climate change on skin and hair is driving up demand for antioxidants, which is boosting the cosmetic antioxidants market. Cosmetic antioxidants are well-established markets in North America and Europe.
Given the lockout as well as the drop in customer demand, COVID-19 has had a crippling effect on the cosmetics industry. Consumer purchasing habits have changed as a result of the epidemic, as people are locked at home and no longer invest in hair care or makeup. As a result, the majority of cosmetics manufacturers are focusing on employing durable ingredients, and the majority of new product developments are now centered on organic and natural sources. When it comes to customer purchasing habits, there has been a significant movement from offline to online channels. Consumers are hesitant to visit stores or spas in the post-COVID-19 age, therefore they prefer to shop online. Recognizing the possibility, several businesses are incorporating internet services into their in-store offerings.