Global Cosmetic Bioactive Ingredients Market to Develop at a CAGR of 5.84% by 2028

 

Triton Market Research presents the Global Cosmetic Bioactive Ingredients Market segmented Source (Plant, Microbial, Animal), Ingredient (Amino Acids, Proteins and Peptides, Omega-3 Fatty Acids, Plant Extracts, Vitamins, Probiotics and Prebiotics, Minerals, Other Ingredients), and Geography (North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa).

The report also discusses the Market Summary, Industry Outlook, Impact of COVID-19, Key Insights, Porter’s Five Forces Analysis, Key Impact Analysis, Market Attractiveness Index, Vendor Scorecard, Industry Components, Regulatory Framework, Key Market Strategies, Drivers, Challenges, Opportunities, Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2022-2028).



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Based on Triton’s research report, the global cosmetic bioactive ingredients market is anticipated to witness growth at a CAGR of 5.84% during the forecast period 2022-2028.

Bioactive ingredients are widely used in cosmetic and personal care products offering various benefits, including UV protection, skin whitening, tanning, reduction, anti-wrinkling, and anti-aging.

In recent years, the beauty industry has witnessed substantial growth. Several chemical-based products are phased out and replaced by products containing bioactive ingredients. This is mainly on account of the inclusion of potentially harmful and non-biodegradable ingredients. This has encouraged market players to shift their focus from fossil-based to bio-based ingredients. Therefore, the expansion of the cosmetic industry and increasing demand for products drive the cosmetic bioactive ingredients market. However, the side effects of products and harmful impact on the environment impede the studied market’s growth globally.

The Asia-Pacific is expected to witness the fastest growth over the forecast period. The changing lifestyle is a major factor supporting the high demand for cosmetic and personal care products. Korean beauty or K-beauty products have gained immense popularity in the region. In this regard, the step-by-step skincare routine has increased the demand for products such as serum, cleansers, toners, moisturizers, etc. Therefore, the changing lifestyle trends are expected to augment the growth of the cosmetic bioactive ingredients market.

The prominent companies thriving in the cosmetic bioactive ingredients market include Nouryon, Givaudan Active, Clariant, Dow Chemical Company, BASF SE, Momentive Performance Materials, Symrise, Lubrizol, Croda International, Gattefossé, Ashland Global Holdings Inc, Zschimmer & Schwarz, Evonik, Provital, and Solvay.

Several new players are introducing products containing bioactive ingredients, resulting in high R&D costs. However, the implementation of stringent regulatory policies has restricted the launch of various cosmetic and personal care products. Further, existing players are competing heavily in various segments, including oral, skin, and hair care. Therefore, based on these factors, the threat of new players is moderate, while the competition among existing players is high.

 

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