The Cosmetic Antioxidants market size was valued at US$108.146 million in 2020 and is anticipated to increase at a Compound Annual Growth Rate of 5.67% over the predictive period to reach US$159.101 million by 2027. Antioxidants are substances that aid in the prevention or reduction of cell damage caused by free radicals, which are unstable molecules created by the body in reaction to environmental and other conditions. When the body's ability to manage and remove free radicals is compromised, oxidative stress arises. Cells and physiological functions may be harmed as a result of oxidative stress. Oxidative stress has been linked to heart disease, cancer, arthritis, stroke, respiratory disorders, immunological insufficiency, emphysema, Parkinson's disease, and other inflammatory or ischemic issues.
Antioxidants are available in both organic and inorganic forms. Plant-based foods, particularly fruits and vegetables, are the richest providers of antioxidants.
The following list describes the natural sources of antioxidants.
- Vitamin A: Dairy based products, eggs ,meat liver
- Vitamin C: Fruits and vegetables, especially berries, citrus fruits, tomatoes, bell peppers
- Vitamin E: Nuts and seeds, sunflower oil, leafy vegetables
- Beta-carotene: Fruits and vegetables, such as carrots, sweet potatoes, spinach, apricots
- Lycopene: Tomatoes, Watermelon, cherries, strawberries
- Lutein: Corn, papaya, oranges, spinach, broccoli, kale
- Selenium: Seafood, Brazilian nuts, red meat, eggs, cereals
Antioxidants have been increasingly used in the cosmetics industry for their anti-wrinkling and skin nourishment properties. Antioxidants have also been known to provide protection against the harmful effects of sun rays.
Applications of Cosmetic Antioxidants
Skin Care: Oxidative stress triggers inflammation and disrupts the skin's natural repair process. Antioxidants can aid in the prevention and correction of these apparent indications, giving skin a fresh appearance. It reduces the inflammatory response of the skin to the sun's damaging rays, avoiding sunburn and enhancing sun damage and photoaging prevention. Antioxidants help the skin rebuild itself and mend apparent damage by lowering inflammation. Antioxidants can help prevent skin pigmentation by minimizing photodamage. Some antioxidants, like vitamin C, help to suppress tyrosinase, an enzyme that promotes the synthesis of melanin, causing skin pigmentation. Antioxidants can also help in reversing the side effects of makeup and cosmetics by slowing down the skin’s aging process and providing a radiant glow. It helps in minimizing age spots, sun spots, fine lines, etc.
Haircare: An antioxidant hair product serves the same goal as an antioxidant face product. It inhibits the oxidation process, protecting the hair from the damaging effects that aging and environmental factors might have caused. Hair aging results in the development of white and grey hair, hair thinning, slower hair growth, and hair becoming more porous, dull, and brittle. Antioxidants in hair shampoos and serums can help in repairing hair damage and maintaining hair density.
Growing Market Trend: Male Cosmetic Products
The male cosmetics market has seen a significant increase in demand worldwide. The increasing market demand can be a result of the increasing disposable income among young adults. Moreover, the market has also reported a growing concern among individuals for skincare and related products to maintain proper skin health. Skin concerns among the male population include wrinkles, dark patches, and dullness. As a result, the men's cosmetic antioxidants market has seen a demand for skin care products such as anti-aging, moisturizing, nourishing, and sun protection lotions. Moreover, the growing trend for online shopping has also resulted in an increase in demand for such products.
Asia Pacific Region to Lead the Market
The Asia Pacific market has been reported to have the largest market share in the cosmetic antioxidants market. Owing to the increasing population and demand for cosmetic antioxidants, the market is expected to rise. Also, the increasing disposable income and the awareness of skin-friendly products among people in the region have positively influenced the cosmetic antioxidants market. Moreover, the growing product innovations have increased the demand for cosmetic antioxidants in the region.
The increasing climate change effects worldwide have led to an increase in skin diseases and dermatological disorders. Sunburns, contact dermatitis, and skin cancer have been on the rise, which has led to an increase in growth opportunities for the cosmetic antioxidants market. Products such as Sunscreen lotions, anti-inflammatory gels, and face washes have reported steady growth in the market.
The COVID-19 virus pandemic resulted in a global financial catastrophe. The cosmetic antioxidants market sustained considerable losses as a result of most major nations enacting lockdown laws and social distancing protocols. Due to the closure of industries and markets, the disposable income of consumers declined drastically, which resulted in a decline in the haircare and skin product market. Most manufacturers were also faced with a steep decline in the supply of raw materials, due to the disruption of production and supply lines in the market. Moreover, a decline in the availability of labor also affected the cosmetic antioxidants market.
However, the market has been reported to be recovering, as most countries have lifted their lockdown protocols. Furthermore, the market has also reported a growth in the demand for premium skin care products among consumers. Additionally, the growing online shopping trend has also resulted in an upliftment of the market. Hence, these factors are anticipated to contribute to an increase in demand for the cosmetic antioxidants market.