Global Cosmetic Active Ingredients Market to Record 5.2% CAGR through 2026, Predicts M&M in Its New Report Available at MarketPublishers.com
29 Aug 2017 • by Natalie Aster
LONDON – The global value of the active ingredients market for cosmetics stood at USD 2.63 billion as of 2015 and is anticipated gain momentum at a 5.2% CAGR till 2026 and amount to USD 4.45 billion by the end of the period. The market is being driven by the rising demand for skin-lightening, anti-aging, and sun protection cosmetics and also multifunctional cosmetic ingredients. The heavy expenses associated with migrating to natural/organic products pose a key challenge to the market growth.
The anti-aging agents segment is set to post the most rapid CAGR through to 2026. Europe grabbed the largest share of this market as of 2015. The region’s high purchasing power parity (PPP) and a hike in the demand for male-specific cosmetics are amid the factors stimulating the demand for anti-aging agents in the regional market for both women and men.
Application-wise, the skin care segment is set to observe the fastest CAGR in the offing. Cosmetic skin care solutions enjoy increased popularity worldwide owing to the general need of humans to be in good looks. The desire to have glowing and bright skin is the main factor contributing to an upsurge in demand for beauty and skin care products.
Europe is the biggest cosmetic active ingredients market due to the increased awareness amongst consumers about the benefits of beauty products for their skin, a vast diversity of cosmetic products, and the existence of a host of international cosmetic brands. Meantime, APAC is poised to see the fastest growth owing to the booming population in the region.
AkzoNobel, Clariant, BASF, Sederma, Ashland, Evonik Industries, and Seppic, amid others, are the dominant players in the industry.
In-demand research study “Active Ingredients Market for Cosmetics by Functionality, Application - Global Forecast to 2026” elaborated by M&M provides a detailed assessment of the market globally, segmenting it based on functionality, application, and region. It analyses and projects the market size (value) of cosmetic active ingredients; provides details about the key factors impacting the growth of the market, such as drivers, stumble blocks, and opportunities for the stakeholders. For each market segment, the report assesses the individual growth trends, prospects, and the contribution to the overall cosmetic active ingredients market. The research study canvasses the competitive landscape, shedding light on the key developments like supply contracts, expansions, and collaborations and partnerships in the global market. The report provides granular profiles of the top players and comprehensively evaluates their key competencies.
To find many other in-demand market research reports by M&M, you are welcome to visit the publisher’s online catalogue at MarketPublishers.com.